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AUD/USD

  • #55,241
  • Oct 30, 2012 6:28pm Oct 30, 2012 6:28pm
It looks like price wants to go higher. I had a trigger but haven't taken it due to the down trend line and horizontal line. Maybe the news in an hour will get us out of this range. Flat for now.
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FF journal: Peaks and Troffs
  • #55,242
  • Oct 30, 2012 6:31pm Oct 30, 2012 6:31pm
AUD could continue to go higher until RBA decided to intervene..

forex market is winning, shop retailers are losing..



Quoting bogus
It looks like price wants to go higher. I had a trigger but haven't taken it due to the down trend line and horizontal line. Maybe the news in an hour will get us out of this range. Flat for now.
  • #55,243
  • Oct 30, 2012 7:35pm Oct 30, 2012 7:35pm
Well those figures look good to me. Have taken a e/a short. I would have thought a/u would have surged up. Any thoughts from Fundy traders?
FF journal: Peaks and Troffs
  • #55,244
  • Oct 30, 2012 7:36pm Oct 30, 2012 7:36pm
very strange PA
  • #55,245
  • Oct 30, 2012 7:39pm Oct 30, 2012 7:39pm
5DAYS until RBA I don't think they are going to surge the market or dump it berfore then. If we do get a bid under us in London 1.04 should act as a nice wall once more.

EDIT: Or it could be a lack of Vol considering what is going on in the US
  • #55,246
  • Oct 30, 2012 7:46pm Oct 30, 2012 7:46pm
I just got out and wanted to post that even though there's volume on the market it doesn't move....

as soon as I hit close....guess what it popped...oh well, story of my life



Quoting jplazard
5DAYS until RBA I don't think they are going to surge the market or dump it before then. If we do get a bid under us in London 1.04 should act as a nice wall once more.

EDIT: Or it could be a lack of Vol considering what is going on in the US
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  • #55,247
  • Oct 30, 2012 7:49pm Oct 30, 2012 7:49pm
Headline number is certainly good and I guess this is leading to some increase in price action but if you look at the actual numbers instead of headline number (which is seasonally adjusted) the dwelling units approved shows little change on last month and the graph shows the last month adjusted down, this month up. Growth also seems to be coming from dwellings other than houses (I'm guessing this means apartments, flats, townhouses, units etc) which are generally cheaper than houses so possibly still reflective of people looking to save not spend big?
Hope for the best, prepare for the worst.
  • #55,248
  • Oct 30, 2012 7:52pm Oct 30, 2012 7:52pm
I always say let the first hourly go by if the market is slightly in your favor. The reason being is that first hourly bar are filled with dealers, news traders, momentum bots so its very difficult to determine TRUE direction. They usually get in and out several times throughout that hourly bar release so Let the Next hourly bar be the decider if you want to get out or feel good about its direction.
  • #55,249
  • Oct 30, 2012 7:53pm Oct 30, 2012 7:53pm
Quoting jplazard
5DAYS until RBA I don't think they are going to surge the market or dump it berfore then. If we do get a bid under us in London 1.04 should act as a nice wall once more.

EDIT: Or it could be a lack of Vol considering what is going on in the US
ok, thanks.
I'm long a/u now.
FF journal: Peaks and Troffs
  • #55,250
  • Oct 30, 2012 8:02pm Oct 30, 2012 8:02pm
Thanks
Quoting jplazard
I always say let the first hourly go by if the market is slightly in your favor. The reason being is that first hourly bar are filled with dealers, news traders, momentum bots so its very difficult to determine TRUE direction. They usually get in and out several times throughout that hourly bar release so Let the Next hourly bar be the decider if you want to get out or feel good about its direction.
  • #55,251
  • Oct 30, 2012 8:20pm Oct 30, 2012 8:20pm
Quoting bogus
Well those figures look good to me. Have taken a e/a short. I would have thought a/u would have surged up. Any thoughts from Fundy traders?
Quite contrary . I'd say the 7 pip rally at 11.30.am was quite exceptional - impressive even .
I've traded Australian financial markets for almost 30 years now and Building Approval data barely registers a blip - even if it's way out of expectations .
  • #55,252
  • Oct 30, 2012 8:28pm Oct 30, 2012 8:28pm
Quoting Balmain Boy
Quite contrary . I'd say the 7 pip rally at 11.30.am was quite exceptional - impressive even .
I've traded Australian financial markets for almost 30 years now and Building Approval data barely registers a blip - even if it's way out of expectations .
I am short 37 386 382
What do you think about overall?
In trading, you have to be defensive and aggressive at the same time
  • #55,253
  • Oct 30, 2012 8:31pm Oct 30, 2012 8:31pm
Balmain,

Kindly let me pick a veteran's brain if you don't mind..

Besides the interest rate, what would you recommend as news trading event that would yield a sizable move?

Thanks

Quoting Balmain Boy
Quite contrary . I'd say the 7 pip rally at 11.30.am was quite exceptional - impressive even .
I've traded Australian financial markets for almost 30 years now and Building Approval data barely registers a blip - even if it's way out of expectations .
  • #55,254
  • Oct 30, 2012 8:41pm Oct 30, 2012 8:41pm
Quoting Balmain Boy
Quite contrary . I'd say the 7 pip rally at 11.30.am was quite exceptional - impressive even .
I've traded Australian financial markets for almost 30 years now and Building Approval data barely registers a blip - even if it's way out of expectations .
Thanks BB.
FF journal: Peaks and Troffs
  • #55,255
  • Oct 30, 2012 8:41pm Oct 30, 2012 8:41pm
Quoting kentashiburo
Balmain,

Kindly let me pick a veteran's brain if you don't mind..

Besides the interest rate, what would you recommend as news trading event that would yield a sizable move?

Thanks
Good question.
FF journal: Peaks and Troffs
  • #55,256
  • Oct 30, 2012 8:45pm Oct 30, 2012 8:45pm
nice bull coming through maybe big move is here starting today.. expected so it can take out weak retailers.. looks like our friend fxtyrant is in for some fun.
  • #55,257
  • Oct 30, 2012 8:46pm Oct 30, 2012 8:46pm
Ugh... Audusd, why you no start dropping, monthly pivot at 1.0390.... If ur gona drop, drop now....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #55,258
  • Oct 30, 2012 8:48pm Oct 30, 2012 8:48pm
Quoting sidhujag
nice bull coming through maybe big move is here starting today.. expected so it can take out weak retailers.. looks like our friend fxtyrant is in for some fun.
In a good way or in a bad way??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #55,259
  • Oct 30, 2012 8:49pm Oct 30, 2012 8:49pm
not only him,
me tooooo


Quoting sidhujag
nice bull coming through maybe big move is here starting today.. expected so it can take out weak retailers.. looks like our friend fxtyrant is in for some fun.
  • #55,260
  • Oct 30, 2012 8:51pm Oct 30, 2012 8:51pm
Quoting HelloOz
not only him,
me tooooo
Dont worry too much, just be patient.... Im betting some interventions gona be done
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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