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  • #55,741
  • Nov 5, 2012 11:44am Nov 5, 2012 11:44am
I know, right? This is a crazy "market." Never seen anything like this ever.
I do have a feeling that it will be over soon...back to rational.
The only thing is I hope I can stay solvent longer than the market can stay irrational.
  • #55,742
  • Nov 5, 2012 11:56am Nov 5, 2012 11:56am
Quoting Orly
I know, right? This is a crazy "market." Never seen anything like this ever.
I do have a feeling that it will be over soon...back to rational.
The only thing is I hope I can stay solvent longer than the market can stay irrational.
trading 101 - like customers at a restaurant - the market is always right - its what pays you.. if your position is losing money your wrong step away and try again...

If you are right congrats build into a strong position - if you have to say the market can stay irrational longer than I can remain solvent - then its a mental check in your mind saying I lost my money on a game of chance it wasnt my fault my analysis is correct the market is wrong - leading to trading making the same mistakes over and over again with their minds telling them its ok - no hurt ego

Let the market hurt your ego ... its good
  • #55,743
  • Edited 1:02pm Nov 5, 2012 12:08pm | Edited 1:02pm
AUD is not God...
Hyperbearish. No matter tomorrow's RBA output.
I'll shop after the drop
  • #55,744
  • Nov 5, 2012 12:23pm Nov 5, 2012 12:23pm
Quoting fxtyrant
Well, tell me, is audusd down for the day so far in red equities?? I see audusd down... Sooo nuff said.

I do have live accounts linked to that demo, the demo is the master account for my MAM platform to place trades to my sub (live) accounts i manage throu lot % allocation, besides, its a strategy im practicing on demo, but my clients' live accounts involved.
Have a nice day to you, but you're not giving much of a good vibe for me to talk to.

YOu should have waited until NY close because REAL money went long in anticipation of good news from RBA meeting.

Its a Green day now.
  • #55,745
  • Nov 5, 2012 1:09pm Nov 5, 2012 1:09pm
somehow, i think AUD will not crack just yet. too many shorts and rba is not known to give money away easily to speculators.

it is sooo easy to hate aud

my speculation is that we will get wild upmove topping in 120's or more just f*k shorts. However, no position right now.
  • #55,746
  • Nov 5, 2012 1:12pm Nov 5, 2012 1:12pm
Topping in the 1.20s???
That would be one crazy, crazy move. Why would you think that?
  • #55,747
  • Nov 5, 2012 1:31pm Nov 5, 2012 1:31pm
Quoting Orly
Topping in the 1.20s???
That would be one crazy, crazy move. Why would you think that?
timeframe for the move - 1 year.
  • #55,748
  • Nov 5, 2012 2:01pm Nov 5, 2012 2:01pm
That move will rise other shorts, stronger !
They'd like to put it in the 20's but i think that time is gone.
For some reason, AUD is not God...
It looks like AU needs imported goods more that we think or it is something else... , i don't get it, still.
I'll shop after the drop
  • #55,749
  • Nov 5, 2012 2:03pm Nov 5, 2012 2:03pm
You have said AUD is not God twice now. What does it mean?
  • #55,750
  • Nov 5, 2012 2:15pm Nov 5, 2012 2:15pm
Quoting Willow
That move will rise other shorts, stronger !
They'd like to put it in the 20's but i think that time is gone.
For some reason, AUD is not God...
It looks like AU needs imported goods more that we think or it is something else... , i don't get it, still.
China is finished and USD has bottomed out... that is all you need to know for the potential of this pair... however market speculators won't allow retailers to make money so easily so that is why it is still so high and it is hoping for a China turn around.
  • #55,751
  • Nov 5, 2012 2:21pm Nov 5, 2012 2:21pm
Quoting sidhujag
China is finished and USD has bottomed out... that is all you need to know for the potential of this pair... however market speculators won't allow retailers to make money so easily so that is why it is still so high and it is hoping for a China turn around.
Hi Sidhu,
you think that there will be no rate cut tonight ?
We can interpret both way the green aussie day ?
Don't be smart. Be rich.
  • #55,752
  • Nov 5, 2012 2:21pm Nov 5, 2012 2:21pm
Quoting Orly
You have said AUD is not God twice now. What does it mean?
signs of breathlessness
  • #55,753
  • Edited 3:09pm Nov 5, 2012 2:22pm | Edited 3:09pm
Quoting Orly
You have said AUD is not God twice now. What does it mean?
It will start to fall; nobody likes expensive commodities...

I'm short, i may be subjective, but i saw it very bearish, by one of my key indicators and got in today short @0365 , it's risky, it may still zig-zag a few days but then it goes to .94

RBA has plenty of resources to manipulate it both directions before the fall, so don't believe me !

Edit; this must fall 2 months in a row in order to sinchronize some technicals; not for economic motives ! This is how i see it; longs are still in time. I'll be here and i'll make myself responsible for what i'm saying. I only hope RBA will not respond to the coming attack; otherwise, AU will lose important financial resources... Happy Fall...
I'll shop after the drop
  • #55,754
  • Nov 5, 2012 2:32pm Nov 5, 2012 2:32pm
Hi friends!

What you think about the new cash rate announce?

L.
  • #55,755
  • Nov 5, 2012 2:34pm Nov 5, 2012 2:34pm
Quoting Willow
It will start to fall; nobody likes expensive commodities...

I'm short, i may be subjective, but i saw it very bearish, by one of my key indicators and got in today short @0365 , it's risky, it may still zig-zag a few days but then it goes to .94

RBA has plenty of resources to manipulate it both directions before the fall, so don't believe me !
exactly. check out past manipulations. from what i can see, there is plenty of meat that will create significant uptrend.

not an easy one to digest but - fundamentals dont matter.
  • #55,756
  • Nov 5, 2012 2:38pm Nov 5, 2012 2:38pm
AAAAhhhhh...oh sorry...thought it was 2237 and missed it... going back to bed
  • #55,757
  • Nov 5, 2012 2:44pm Nov 5, 2012 2:44pm
If there is a cut, the Aussie will move south against the Dollar, while the Dollar will still be contracted until the elections are over. If price follows the white lines, it would set price up for the next major move would happen to be the "fiscal cliff". From there, if this "cliff" is just some media hype up like I believe it is, then price going below .9 is very possible.

I can see a possible 2-3 year-long downtrend.

Daily AudUsd
Attached Image (click to enlarge)
Click to Enlarge Name: dailyaudusd.png Size: 31 KB
Play the players, not the cards.
  • #55,758
  • Nov 5, 2012 3:01pm Nov 5, 2012 3:01pm
^ is that a fib arc?
  • #55,759
  • Nov 5, 2012 3:13pm Nov 5, 2012 3:13pm
Quoting jplazard
^ is that a fib arc?

Nah, I haven't gotten comfortable with those yet. The squares represent a quadrant of the circle they belong to. Big square = big circle, small = small.

Big is based off the lowest point of the wave then the highest point, while the small is based off the open of the candle with the most momentum and then the highest open/close. There's also the trendline from the weekly, I believe.

I hope that makes sense.
Play the players, not the cards.
  • #55,760
  • Nov 5, 2012 3:19pm Nov 5, 2012 3:19pm
I see thank you for clarification Nice chart and explanation
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