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  • #55,901
  • Nov 6, 2012 9:03pm Nov 6, 2012 9:03pm
Quoting 100PipsADay
QE100? Why sell equities then? That is definitely bullish for Equities...

Your post contradicts itself
When you have too much of a good thing it becomes bad.
Especially for foreign investors who see their US assets depreciate by the currency value. You cant keep printing ..
  • #55,902
  • Nov 6, 2012 10:25pm Nov 6, 2012 10:25pm
Got stopped out earlier. Back in long at 1.0442.A nice retest of 2nd november high
FF journal: Peaks and Troffs
  • #55,903
  • Nov 6, 2012 10:30pm Nov 6, 2012 10:30pm
Okay now that obama is in office again, his fiscal cliff plan should bring in a lot of dollar bull for investments, problem is their cutback on spending may cause the us economy to go double dip recession
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #55,904
  • Nov 6, 2012 11:15pm Nov 6, 2012 11:15pm
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  • #55,905
  • Nov 6, 2012 11:17pm Nov 6, 2012 11:17pm
Quoting knightpips
Attachment
im agree if AUD/USD time to go down
  • #55,906
  • Nov 6, 2012 11:27pm Nov 6, 2012 11:27pm
Quoting thrishelle
im agree if AUD/USD time to go down
It is been going sideways for a long time … it is time to take some kind of directing
  • #55,907
  • Nov 7, 2012 12:03am Nov 7, 2012 12:03am
I think aussie bears are counting your chickens too soon. Tommorrow we'll have the nz and aud job numbers. IMHO it'll be positive surprise for both.
  • #55,908
  • Nov 7, 2012 12:06am Nov 7, 2012 12:06am
the confluence walls have been broken. Its only a matter of time the resistance is very little on the upside until 1.05
  • #55,909
  • Nov 7, 2012 12:09am Nov 7, 2012 12:09am
Quoting Iro
I think aussie bears are counting your chickens too soon. Tommorrow we'll have the nz and aud job numbers. IMHO it'll be positive surprise for both.
I completely agree. We are headed to 1.058 which is the next major line of resistance. We could be there as early as this Friday, or possibly the first few days of next week.

Could somebody please try and convince me that going short on the Aussie is a wise move at this time? Except for scalps of course...
  • #55,910
  • Nov 7, 2012 12:10am Nov 7, 2012 12:10am
Quoting jplazard
the confluence walls have been broken. Its only a matter of time the resistance is very little on the upside until 1.05
I'm glad JP is in agreement with this as well

I'm just hoping U/J makes a significant break through by the end of this week as well! That will take my A/J in the direction I want...
  • #55,911
  • Nov 7, 2012 12:11am Nov 7, 2012 12:11am
Quoting lasty
When you have too much of a good thing it becomes bad.
Especially for foreign investors who see their US assets depreciate by the currency value. You cant keep printing ..
SP500 had a good run this year, I see money been moved from the US markets to Asian and European equities if not now then abit further down the line.
  • #55,912
  • Nov 7, 2012 12:15am Nov 7, 2012 12:15am
Quoting Iro
SP500 had a good run this year, I see money been moved from the US markets to Asian and European equities if not now then abit further down the line.
Keep in mind though that 4th quarters are more bullish then the first 3 quarters.

Statistics show that 24 out of the past 30 4th quarters (years) have been more bullish then the previous 3 quarters with average returns of about 8% in the 4th quarter alone.

Couple that with the fact that the FED is still printing money via "QE3." I'm definitely bullish on US Equities and Precious Metals for the time being. Probably until the end of the year...
  • #55,913
  • Nov 7, 2012 12:19am Nov 7, 2012 12:19am
Forgot to mention, another reason for 4th quarter rallies is certain Wall Street psychologies (and tensions) that aid 4Q rallies. After all, the pay of money managers relates to performance and there is renewed pressure on them to come through as the end of a year looms.
  • #55,914
  • Nov 7, 2012 12:25am Nov 7, 2012 12:25am
1.0432 on Weekly Chart is the close above needed to secure a move back to 1.05. Watching ES tomorrow will be key for AUD on follow through but so far If people are short

Look at Dollar and notice in the USDX thread we are trading at 61.8% and about ready to take that out lower

S&P is a rounding bottom might not breakout to the upside this week but well see.

On daily were at 68 RSI so not overbought yet

Unemployment from Australia could show some signs of life again for the bears but feeling the sentiment on PMI's last week and RBA's minutes last night it could be short term play.



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  • #55,915
  • Nov 7, 2012 12:29am Nov 7, 2012 12:29am
Now that the election is over what major event's do you guys see in the coming 2013 year?


I say there will be a spike in commodities and gold on Armageddon talk and hype?

Ben will increase MBS purchases?

Greece will look to options and even leave the Euro given the whispers in Europe on waiting until after elections?

Donald Trump will off 10Mil to Obama's charity of choice next week on releasing his University transcripts and Passport in kicking off the second term.
  • #55,916
  • Nov 7, 2012 12:48am Nov 7, 2012 12:48am
Quoting jplazard
Now that the election is over what major event's do you guys see in the coming 2013 year?


I say there will be a spike in commodities and gold on Armageddon talk and hype?

Ben will increase MBS purchases?

Greece will look to options and even leave the Euro given the whispers in Europe on waiting until after elections?

Donald Trump will off 10Mil to Obama's charity of choice next week on releasing his University transcripts and Passport in kicking off the second term.
Im gona get soooo much criticism for my bearish stance on the AUDUSD.... i better get the lube ready.....

fromt he looks of this rise... if 1.0550 weekly downward trendline area holds up to be a strong resistance... that will triger a fast sell off....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #55,917
  • Nov 7, 2012 12:58am Nov 7, 2012 12:58am
Fx,

I am with you 100% on Australia and the more their rate increases with current growth rates and debt levels climbing the harder the fall will be. Australia is not special in any way, they like the US have major structural problems and if they do have a surplus their will be less issuane of Debt to foreign investors which could come back to bite them if PMI's fall off again.


Unemployment in certain parts of Australia are concerning and later this week could highlight Tasmania and Queensland of increasing strife. This will bring in the Rating agencies.

There is trouble coming but I have to acknowledge maybe I am a little early on this call and I will concede to the bulls on the basis they right and have been for a few weeks. But make no mistake this is not like 2008 the next May like downturn and slowdown in shipping PMis Australia will not escape the grasp like they did last time
  • #55,918
  • Nov 7, 2012 1:05am Nov 7, 2012 1:05am
more losses... hm

Hi, i'll stay here and i'll learn how to trade this pair, i will never give numbers any more, i'll listen carefully to every guy that has even 1 day more experience with this pair, RBA; i appologize, you don't manipulate, you just help your country from time to time, in a no other than a normal way and frequency...
This is for the strongest of the men.

Bulls can lift bears in case of necessity; i forgot that, lol
I'll shop after the drop
  • #55,919
  • Nov 7, 2012 1:13am Nov 7, 2012 1:13am
Quoting fxtyrant
Im gona get soooo much criticism for my bearish stance on the AUDUSD.... i better get the lube ready.....

fromt he looks of this rise... if 1.0550 weekly downward trendline area holds up to be a strong resistance... that will triger a fast sell off....
FxTyrant,

I'm sorry for your paper losses, but to be honest, you wouldn't have to worry about getting criticized if you didn't come off the way you do. Your presentation is often times condescending and criticizing of others if their theories/analysis doesn't match with yours. If you don't want your head to get chopped off, don't put your neck on the line...

Remember, we all make mistakes and none of us can know everything all the time. So if we don't come off like we know everything then we don't have to worry about getting criticized as all of us are going to make mistakes and all of us know that.

These are just my words of advice, take it or leave it. Hope your account is not suffering too much...
  • #55,920
  • Nov 7, 2012 1:14am Nov 7, 2012 1:14am
Quoting jplazard
Fx,

I am with you 100% on Australia and the more their rate increases with current growth rates and debt levels climbing the harder the fall will be. Australia is not special in any way, they like the US have major structural problems and if they do have a surplus their will be less issuane of Debt to foreign investors which could come back to bite them if PMI's fall off again.


Unemployment in certain parts of Australia are concerning and later this week could highlight Tasmania and Queensland of increasing strife. This will bring in the Rating...
YOu know whats strange?? the crosses like AUDJPY, AUDCHF... are calling a bearish divergence..... thats technical demand for safer currency... i mean... investors know the JPY and CHF are easing... but there still great demand and doubts wether if a local government easing by those currency can offset global demand kicks in..... i think Aussie at this high level in currency strength might be losing out their Safe Haven Glitter to the Yen and the Swiss...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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