Australian Bear Raid

if what ppl are saying that rates will be down to 2.75% by end of Q1 2013 in Australia than the trade flows and capital flows will be a heavy indicator for me on if the money is leaving AU.

China is going to boost stimulus and it will be great for them to put in a floor however the numbers are still contracting in many key areas. Until the numbers on paper come out better I will discount the economist on Bloomi and reauters.

Now the other scenario is say Europe comes back from the brink, China bottoms and starts to increase again, and US fiscal cliff issue is solved or at least partially well this sets in motion a major bull market that will be like 02-06 however the CB's are still holding markets up and they know if they let their foot off the brakes its game over.

Given the overnight session so far NY open most likely will further push AUD up and on ES could test the upper consolidation channel. The question and key is where do we close on NY on AUD/USD that could be telling heading into the weekend.

Expiration week also most markets are at setlements check crude sitting still for days..

Crude Palladium and Copper all near their higher ranges if they break through with S&P this could be another leg upwards for some time. AUD/USD shorts of mine will be clobbered if they all break through. Lets see what expiration brings

Got to love size and adding near tops it makes your losses cut in half faster haha. With the increased shorts at104 10410 (4,000,000) the losses are melting.

Also adding to the short at the upper levels since RBA cut my new basis is at

1.0389
Still Early though to celebrate NY has the next wave if it should come

going for a few zz's been up for almost a day and a half I pray in my dreams we get a toppy area at 1.435 at NY open so I can get the full fills

Praying hard now. Hope it breaks the support!

Es has been rejected thus far need a close below Wednesday to confirm the next consolidation move lower does not look like it will do t today

Dollar finding support but resistance is waiting at 79.28 a break above this signals a fill and AUD pressure


AUD/USD Daily a pinbar and overbought smaller tf's still support at the 1.0373 area.

WOOLWORTHS chief executive Grant O'Brien says the worst may be over for the retail sector after the company reported a 3.4 per cent rise in supermarket sales for the first quarter of the financial year.
Sales from the Australian supermarket business, the company's biggest source of revenue and profit, were $12.99 billion for the 14 weeks to the end of last month, up from $12.56bn in the same period a year earlier.




Hmmm..Your peers are not saying the same and were frustrated with the Treas and RBA for lack of attention now its all clear???hmmm

Hey psssttt... Keep GOOG haulted to the close so ES and Ym wont drop anymore and finish in the green EOD. Ye sir!!

Google stock affecting the FX?

Big time its still haulted I wonder why? lol wont stop ES looks like.

I love the fact goog is blaming others on this earnings early release. What's the difference the same number was going to hit at the close and Friday would of been risk off.

Got to love America we are shifting the hot potato to others all the time.. moving soon

HAHA! I saw the Google news and next thing i know USD Gain so much strength. every pair either dipping or rising. Missed the wave. LOL

If aapl disappointing look out below on Stock market for at least a 4% decline. Are you short AUD yet?

You know were in decline when ppl are upset at the printing or Sec ppl on Goog for not issuing a statement and not the company itself for the bad earnings. The fall of man

The earnings were going to be the same here or at the close and the fall was going to be the same what is this mentality of WE NEED TO FIND OUT WHAT HAPPENED INVESTIGATE!!!!

NY was on my 6 i was able to shake them

Goog comes back online in 10minutes this should bring some vol in the market

Hi guys,

I do like this thread, especially JPlazard posts.
Thank you for your educational pieces

Im adding my trade,
and I think it might go down till low of 17th daily candle.

Great thread Jplazard. I was happy to stumble into this. Will Keep an eye on this thread closely. Great work

Thank you I don't trade too often . I am a position trader to the T but levels I watch are always documented. Also I try to bring both pro/neg news and data on Australia at all times.

Until the crash comes I will be unbiased and just pickshorting levels