Aussie Trading Room and Cartoons Gallery | Page 1456 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Cartoons and Pics 2,832 replies

EUR/USD Trading Room 328 replies

Do The Trading Room 20 replies

Attachments: Aussie Trading Room and Cartoons Gallery
Exit Attachments

Aussie Trading Room and Cartoons Gallery

  • #29,101
  • Mar 23, 2013 2:09pm Mar 23, 2013 2:09pm
I think things are going to get very interesting in the near future. Cyprus may prevent capital outflow by restricting withdrawals, but other European banks are not so lucky. Given that we are about to see a 25% levy or greater, and capital withdrawal restrictions placed in Cyprus, I think the whole European banking sector is now seriously compromised, which means that money from other European nations is likely to head outside of Europe. Where will that money go? Japan/Australia/USA? That flow will decide which currency will go higher and which will head lower - though I suspect that the formal safe haven is still gold and usd.
  • #29,102
  • Mar 23, 2013 3:51pm Mar 23, 2013 3:51pm
Time will tell how long the USD is a safe haven
Quoting maximmm
I think things are going to get very interesting in the near future. Cyprus may prevent capital outflow by restricting withdrawals, but other European banks are not so lucky. Given that we are about to see a 25% levy or greater, and capital withdrawal restrictions placed in Cyprus, I think the whole European banking sector is now seriously compromised, which means that money from other European nations is likely to head outside of Europe. Where will that money go? Japan/Australia/USA? That flow will decide which currency will go higher and...
  • #29,103
  • Mar 23, 2013 4:20pm Mar 23, 2013 4:20pm
Quoting DaddyBear
Don't worry. There are a lot of buyers waiting to entertain our offers at anytime.
LOTS.........
The More You Learn, The More You Earn.....
  • #29,104
  • Mar 23, 2013 4:25pm Mar 23, 2013 4:25pm
Quoting forexalien
LOTS.........
Are you long?
daddybearforex. com
  • #29,105
  • Mar 23, 2013 4:29pm Mar 23, 2013 4:29pm
What I see from this chart is a pullback is pending. But, before it is official, a final move up is likely. Although a Doji has formed Friday, I think it is just a continuation sign at this point. If a gap down occurs Sunday, I may consider it is a good long entry.


http://www.forexfactory.com/attachme...1&d=1364055454
daddybearforex. com
  • #29,106
  • Mar 23, 2013 4:41pm Mar 23, 2013 4:41pm
Quoting DaddyBear
After such a robbery by the authority, no one would put money in Cyprus's banks in the future.
Yes that's certain, the tax cheats and drug lords will have to find another country.
Malta is close....otherwise there are Cayman islands, etc etc
Have a nice day
  • #29,107
  • Mar 23, 2013 4:51pm Mar 23, 2013 4:51pm
Quoting maximmm
I think the whole European banking sector is now seriously compromised, which means that money from other European nations is likely to head outside of Europe. Where will that money go? Japan/Australia/USA? That flow will decide which currency will go higher and which will head lower
Australia is a good bet with well regulated and VERY profitable banking sector.
At the same time Australia is basically a huge gold mine, VERY rich in resources and untapped Energy so the future looks good.
Have a nice day
  • #29,108
  • Mar 23, 2013 4:57pm Mar 23, 2013 4:57pm
Quoting billv
Yes that's certain, the tax cheats and drug lords will have to find another country.
Malta is close....otherwise there are Cayman islands, etc etc
A bank run may erupt on Tuesday when the banks finally reopen in Cyprus.
daddybearforex. com
  • #29,109
  • Mar 24, 2013 7:01am Mar 24, 2013 7:01am
Hi guys, a weekend thought. Just looking at the long term view of this Currency, just from the technical side.

AUD is at a critical level. IMO if it does not break the 105 -10550 barrier in the next few weeks I think it will be the end of the bull run and it will be heading below parity. I will be looking for strong sell bars and enter short.

However if AUD moves up and test 10600. I will be long as in IMO it will head and up too 1.10 and beyond maybe even 1.2300. LOL seems impossible but hey it's forex, and you need to have an open mind.

Just my opinion of the LONG term view but my thinking tell's me to go with the long side. Have a good trading week.
  • #29,110
  • Mar 24, 2013 7:12am Mar 24, 2013 7:12am
Quoting feather
Hi guys, a weekend thought. Just looking at the long term view of this Currency, just from the technical side.

AUD is at a critical level. IMO if it does not break the 105 -10550 barrier in the next few weeks I think it will be the end of the bull run and it will be heading below parity. I will be looking for strong sell bars and enter short.

However if AUD moves up and test 10600. I will be long as in IMO it will head and up too 1.10 and beyond maybe even 1.2300. LOL seems impossible but hey it's forex, and you need to have an open mind.

Just...
I hope you can read this weekly chart carefully. It's not going to test the parity or 1.2300 anytime soon.

http://www.forexfactory.com/attachme...1&d=1364058592
daddybearforex. com
  • #29,111
  • Mar 24, 2013 7:14am Mar 24, 2013 7:14am
Although I am bullish on the Aussie in the larger context, I see a decent pullback this week.

Quoting DaddyBear
I hope you can read this weekly chart carefully. It's not going to test the parity or 1.2300 anytime soon.

http://www.forexfactory.com/attachme...1&d=1364058592
daddybearforex. com
  • #29,112
  • Mar 24, 2013 7:17am Mar 24, 2013 7:17am
The weekly chart pattern is crystal clear to me that it will surge to the top of the green channel in the months to come. But, it is the upper limit it will reach. 1.2300 is out of the question even it is a Forex market.

Quoting DaddyBear
I hope you can read this weekly chart carefully. It's not going to test the parity or 1.2300 anytime soon.

http://www.forexfactory.com/attachme...1&d=1364058592
daddybearforex. com
  • #29,113
  • Mar 24, 2013 7:18am Mar 24, 2013 7:18am
Yes Long term Daddy, I will leave your chart reading with you As i have no idea no idea with all those indicators LOL. My trading is very simple I'll post a chart when I get some time. Cheers

Quoting DaddyBear
I hope you can read this weekly chart carefully. It's not going to test the parity or 1.2300 anytime soon.

http://www.forexfactory.com/attachme...1&d=1364058592
  • #29,114
  • Mar 24, 2013 7:25am Mar 24, 2013 7:25am
Got to agree with DB on this one, I too don't see it testing parity or 1.23 anytime soon lol.

May go to 1.02-1.03 at most, and then I think it'll only head up and up as the USD gets closer to implosion.

Trade safe guys and I hope you've all had a great weekend.

New week ahead and it's time to bring the cannons out
  • #29,115
  • Mar 24, 2013 7:30am Mar 24, 2013 7:30am
Aussie Volatility Near 13-Year Low Amid Gillard, Cyprus Turmoil

Expectations for price swings in the Australian dollar are near the lowest in almost 13 years relative to major currencies, as central bank purchases of the so-called Aussie damp its sensitivity to political turmoil.

Implied three-month volatility (http://www.bloomberg.com/quote/JPMVXYG7:IND) on the Australian dollar, a measure used to price options, fell to 7.20 percent as of 4:21 p.m. in Sydney, the lowest level this week, data compiled by Bloomberg show. The JPMorgan Group of Seven Volatility Index climbed to 9.52 percent, a three-week high. Aussie volatility was 2.43 percentage points less than the JPMorgan gauge on March 19, the widest discount since March 31, 2000.

Central banks buying Australian dollar debt have helped drive the currency’s record eight-month stretch above parity with the U.S. dollar. The Aussie has climbed 0.2 percent this week to $1.0427 and reached $1.0459 yesterday, the strongest since January. Prime Minister Julia Gillard held on as leader of Australia (http://topics.bloomberg.com/australia/)’s minority government, winning the second challenge in a year, while an impasse on Cyprus curbed global risk appetite.

-Bloomberg- http://www.bloomberg.com/news/2013-03-22/aussie-volatility-near-13-year-low-amid-gillard-cyprus-turmoil.html
daddybearforex. com
  • #29,116
  • Mar 24, 2013 7:33am Mar 24, 2013 7:33am
Quoting JollyBean
Got to agree with DB on this one, I too don't see it testing parity or 1.23 anytime soon lol.

May go to 1.02-1.03 at most, and then I think it'll only head up and up as the USD gets closer to implosion.

Trade safe guys and I hope you've all had a great weekend.

New week ahead and it's time to bring the cannons out
The top of the channel is around 1.10xx. I think it is plausible.
daddybearforex. com
  • #29,117
  • Mar 24, 2013 8:04am Mar 24, 2013 8:04am
Quoting DaddyBear
Although I am bullish on the Aussie in the larger context, I see a decent pullback this week.
Hi, Daddy Bear, you said there would be a 100% retracement for AU.
IMHO, AUD had been going up and down around 1.0370 area in the past few days before last Fri.
And finally, it broke 1.0400 and tested 1.0450.Althought did not stand above 1.0450 in the end,
I don't think the retracement would come so soon.
It may test 1.048o or so next week.

But I wish the retracement comes quickly, I had my short at 1.0440 open last Fri.

Have a good weekend.
  • #29,118
  • Mar 24, 2013 8:43am Mar 24, 2013 8:43am
Quoting ShepherdL
Hi, Daddy Bear, you said there would be a 100% retracement for AU.
IMHO, AUD had been going up and down around 1.0370 area in the past few days before last Fri.
And finally, it broke 1.0400 and tested 1.0450.Althought did not stand above 1.0450 in the end,
I don't think the retracement would come so soon.
It may test 1.048o or so next week.

But I wish the retracement comes quickly, I had my short at 1.0440 open last Fri.

Have a good weekend.
A 100% retracement is plausible and normal. Whether it will occur or not is beyond my control. My earlier message did imply a final move up is in the cards.

Quoting DaddyBear
What I see from this chart is a pullback is pending. But, before it is official, a final move up is likely. Although a Doji has formed Friday, I think it is just a continuation sign at this point. If a gap down occurs Sunday, I may consider it is a good long entry.


http://www.forexfactory.com/attachme...1&d=1364055454
daddybearforex. com
  • #29,119
  • Mar 24, 2013 8:44am Mar 24, 2013 8:44am
Quoting ShepherdL
Hi, Daddy Bear, you said there would be a 100% retracement for AU.
IMHO, AUD had been going up and down around 1.0370 area in the past few days before last Fri.
And finally, it broke 1.0400 and tested 1.0450.Althought did not stand above 1.0450 in the end,
I don't think the retracement would come so soon.
It may test 1.048o or so next week.

But I wish the retracement comes quickly, I had my short at 1.0440 open last Fri.

Have a good weekend.
I shorted on Friday as well because I counted on a gap down.
daddybearforex. com
  • #29,120
  • Mar 24, 2013 8:45am Mar 24, 2013 8:45am
Here we go nice and simple. As i said previously if it hits 106 i am Long, or if we have some strong bars down from 105-10550 i will be short. It has been tight trading for a while now and I think it is due for a Break out. Maybe this whole Cypress thing may bust it open. My bias for now is that it will keep going up. Cheers.

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2013-03-25 at 12.38.59 AM.png Size: 25 KB
32 traders viewing now