AUD/USD

lifestyle isnt bad though so there is a trade off..

aahh well up here in Canada
its the same thing especially vancouver too expensive... but lifestyle is good.
I suggest it is the same in every export driven country.. See japan for the extreme
case. everything there is mind blowingly expensive because of deflation.

Try this http://www.expatistan.com/

1.0455 is one tough cracker.

Oh but she will

Yep. Just give it "time."

My weekly is showing price just above it. Making that wick.

Friday Review and New Inter-Market Meter:

https://pbs.twimg.com/media/A8mdBqyCEAAhh2N.png:large

This report contains: Econometric, Technical, cyclical fundamental and order flow analysis.

It’s exclusively designed for professional traders. I created this site as a guide to understand my report:
http://gino32.wix.com/indepthmarketreport#!home/mainPage

Made by Gino

(Anyone who wants this report via email, just send me an email to [email protected] or subscribe at site)

I usually post the report at this hour. (10 pm GMT -6)

Guys any doubts or questions will be solved on Weekend. I will make a FAQ with any questions you have.

Why do you have 3 the same colour?

holy elaborate chart art batman.. some of these chart I want to print and take to a picture framer and hang them on my wall

WOW

You are holy man ?

i got last opportunity 29/10 and last decent win mid october.

swing trader with 9-5 work.

that is getting really, really boring.

i think volatility will not increase and market will slowly move up without any temperament to get these consumers spending before new year.

anyone any other idea ?

Buy the rumor sell the fact?? This could be early but if the greek deal goes through almost immediatly the market will focus on Fiscal cliff and Argentina possible default trigger. If this happens in line with a dec cut levels like this are nice for a longer term hold for the move lower. On the bid side if both come through in a relative short time this week or next it looks great for a long.

Looking at Monthly AUD/USD the vol is out and its sideways best to look in other pairs in the meantime to take some flesh out of the market.

i have difficulty accepting that negative scenario will play out before new year. Going in so much trouble to print and everything and then kill consumer confidence just before payout. If black friday is any guide with markets sharply up and resulting spending, i think this will be repeated. Good test. Positive loop markets/consumers expected to work again.

If above unfolds, AUD will not crack before NY even if rate cut. If positive consumer loop works well again, markets may be going up, including aud.

I also think there are large shorts out there that must be kicked out.

I agree on consumer spending but December should not be looked at as the headline the numbers coming out several months afterwards should gauge the real trend. Most analyst even take out December on their sheets and analysis because it deviates so much from the trend. As for AUD as the carry trade continues and a possible downgrade of UK having a AAA seal is always great for confidence ad investment. The problem lies though with short term shocks meaning US fiscal issue. Us lawmakers are notorious for holding out till the last minute two weeks ago most markets were virtually in a free fall because of this issue. Europe rightly so took over the sentiment on Greece/Monday decision once this passes the focus will be back on Us once more to come up with a plan to cut both spending and raise taxes or extend the plan till fiscal 2013.

The shorts were hammered all last week and a good portion have been hit the remainder holdouts lie at the macro entry level 1.06 -1.0550 if they bow down than yes game over. As for the fib confluence walls I speak about often most have been broken and now they have become support so the general trend is to the upside or sideways from here unless the issues mentioned above happen.

Argentina is a big headline risk and credit risk if they hold out past their payout period this could have serious credit and confidence implications for other trading partners and creditors who did not hedge on Credit positions in case of a default activation

Follow through this week at least for Monday/Tuesday should be here then who knows what US lawmakers may due with their speeches on an impending agreement

Because December is around the corner and Dollar historically favors the downside and vol drops off for holidays I agree that a major blow up won't come this year with the days left to go

I love the idea of A/J though and we are right on a fib YTD so a nice long with a tight stop is what Im taking for a hedge on A/D 1.0430. Im ready each way whichever prevails I will be on board.

I can only check markets 2x a day, so my view has to be longer term. Playing shorter timeframes is luxury i cant afford .

benefit is that i can increase size as I please as stops are far enough that cant be kicked out

I am playing the opposite the last month as I have been out of touch on AUD fundis so I am trying to get back in the swing of things by swing trades. I will go back to macro once I get my shit together and have some wins under my belt

Because, the blue lines are positive correlated assets to eurousd, i take the signal only when all the market is either bullishish or bearish! Eurusd gbpusd audusd spx silver gold bullish and usdchf and usdx bearish or the other way euro and all positive correlated assets bearish and usdchf and dx bullish. Also Bond market is aggregated with each asset. Oil is joker card and is only use as "if oil is supporting the move or not"

so i see AUDUSD still hasnt reach that sand in the line 1.055x and beyond....
<- describes my mood with this pair... BORING!

had better luck with the crosses though...