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Aussie Trading Room and Cartoons Gallery

  • #31,221
  • May 30, 2013 12:08am May 30, 2013 12:08am
Quoting HelloOz
{quote} me too.. im laughed too hard.. ended up crying..loll.. look at the chart,we have inverse LS and H.. .969 is neckline..if price comes down to form RS today or tomorrow..we are set to run up next week.. daily candle also looks bullish..
Possible. I'd like it to close above .9869 before I get too excited. Dollar looks exhusted and taking a rest lol. Think the market is getting ready for a US GDP figure
When the facts change I change my mind, what do you do sir
  • #31,222
  • May 30, 2013 12:09am May 30, 2013 12:09am
Quoting inpatient
{quote} Brother it is very likely that the Aussie dollar will never see 0.6 again. Just compare the respective outlooks for the USA (and the collapse of its currency which is not a case of if but when) and the Australian economy which will be running an annual surplus right around the time that the US goverment national debt tops $20 TRILLION. Once rates rise which they will do at extreme levels do you know how much the interest alone will be on that note? It is unsustainable and all we are doing right now is fire fighting until the enevitable....
hahaha
When the facts change I change my mind, what do you do sir
  • #31,223
  • May 30, 2013 12:13am May 30, 2013 12:13am
Quoting Davit
{quote} Chart I posted Aussie went 1052pips weekly chart!!!! may of 2012 {image}
That chart is scary. On one hand a strong support is highlighted and appears solid. On the other hand Price keeps coming back to it after making lower highs. The trend over the last several months has been down. Call me crazy, but doesn't it make the most sense to sell right after strong support breaks??? Hmmmm
  • #31,224
  • May 30, 2013 12:17am May 30, 2013 12:17am
Quoting Pip Anon
{quote} You tell me? Do you think the US economy is driving all-time equity highs? When you try to narrow it down into singular reasonings you shut out the other shit that is happening. I am not driving Aussie down. Do the fundamentals stink? Sure. Is it a technical mess? A little. Do I analyze the current fundamentals, technicals and sentiment to determine an overall outlook? Yea. It really doesn't matter what I say because none of it will suit you. To be honest, I don't care what any of it really is as long as it allows me to accurately analyze...

What I was trying to get at that trading is simply about supply and demand and both concepts are not endless.They exhaust.
To me its more logical.If for example you take 2008 housing crash extreme and deduct Aussie range last 3years its been roughly 1200pips.Take that and divide in 2 600pips median line.Now we are in Demand area irregardless OF Fundamentals.
If one to hold trades longer then a day say a week or two I am almost positive you will see a profit.However holding for longer TF will yield lot better result.
I trade weekly charts so I don't even care about 50-80pips.I am shooting lot higher.
In trading, you have to be defensive and aggressive at the same time
  • #31,225
  • May 30, 2013 12:24am May 30, 2013 12:24am
short @.9683 tp @0.952 SL @.99
"Pray fro me brother...."
  • #31,226
  • May 30, 2013 12:26am May 30, 2013 12:26am
Quoting namitak007
short @.9683 tp @0.952 SL @.99"Pray fro me brother...."

Look May was traditionally "sell" month and is coming to an end.You are now gambling.
Good luck.
If you must SELL sell THE UC
In trading, you have to be defensive and aggressive at the same time
  • #31,227
  • May 30, 2013 12:29am May 30, 2013 12:29am
Quoting inpatient
{quote} Brother it is very likely that the Aussie dollar will never see 0.6 again. Just compare the respective outlooks for the USA (and the collapse of its currency which is not a case of if but when) and the Australian economy which will be running an annual surplus right around the time that the US goverment national debt tops $20 TRILLION. Once rates rise which they will do at extreme levels do you know how much the interest alone will be on that note? It is unsustainable and all we are doing right now is fire fighting until the enevitable....
thanks, can show me your wife picture?hehehe.....
  • #31,228
  • May 30, 2013 12:30am May 30, 2013 12:30am
Quoting Davit
{quote} Look May was traditionally "sell" month and is coming to an end.You are now gambling.Good luck.If you must SELL sell THE UC

Sorry sir, I am not. It's under trade line, RSI is agree! I am with "go"
Edit: Risking very low leverage. So can afford loss.
  • #31,229
  • Edited 12:45am May 30, 2013 12:32am | Edited 12:45am
Quoting Davit
{quote} What I was trying to get at that trading is simply about supply and demand and both concepts are not endless.They exhaust.To me its more logical.If for example you take 2008 housing crash extreme and deduct Aussie range last 3years its been roughly 1200pips.Take that and divide in 2 600pips median line.Now we are in Demand area irregardless OF Fundamentals.If one to hold trades longer then a day say a week or two I am almost positive you will see a profit.However holding for longer TF will yield lot better result.I trade weekly charts so...

And I repeat: I said upwards at .955. I also said .9869 is a good area to look at. +314. And for some reason you keep pinning fundamentals as if I said that was the only thing that moves currency. However, what do you think moves the currency into these zones? Geese?

I could look at a chart and give you relatively accurate targets in 10M.

Both made within last day. Both came to fruition.

Quoting Pip Anon
{quote} .850 has held for decent support. If breaks I'd cut lose. On the daily I can see .82 open, but intraday resistance around .8086 (20EMA) and .8122 (50 EMA). Decent returns depending on your cost basis.

Quoting Pip Anon
{quote} Looks like AUDUSD a bit. It is a bit oversold with an exponential RSI of 6 lol I wouldn't short just yet. I would expect a bounce as it is sitting on the 61.8 Fib. If it cannot break I would expect a bounce to 1.935-69. If it does break I would target 1.75. Like I mentioned, I don't trade this but going of the chart I feel confident in those short-term outlooks. If Chinese Manufacturing data misses, I would expect it to hit the bottom of the small channel around 1.7. Aussie should tank too. China's numbers are sketchy so they may have a...

When the facts change I change my mind, what do you do sir
  • #31,230
  • May 30, 2013 12:33am May 30, 2013 12:33am
Quoting namitak007
{quote} Sorry sir, I am not. It's under trade line, RSI is agree! I am with "go"Edit: Risking very low leverage. So can afford loss.
agree she kissed by MA 200 in 1H charts
adding short 95
  • #31,231
  • May 30, 2013 12:41am May 30, 2013 12:41am
Quoting namitak007
short @.9683 tp @0.952 SL @.99"Pray fro me brother...."
i am learning so i could be horribly wrong.....

but the R/R ratio on that doesn't look too attractive?
  • #31,232
  • May 30, 2013 12:47am May 30, 2013 12:47am
Quoting flash4
{quote} i am learning so i could be horribly wrong..... but the R/R ratio on that doesn't look too attractive?
no mate! Don't hesitate to express. No one in this universe is 100% correct.
Well for me I have attached my 1h chart. It will go upwards surely but not now. Climbing the hill is not so easy as falling from hill.
Attached Image (click to enlarge)
Click to Enlarge Name: au30.jpg Size: 195 KB
  • #31,233
  • May 30, 2013 1:01am May 30, 2013 1:01am
Im long from 0.9550 TP 9800.. im thinking about 99.. but on H1 we hit MA 100.. so lets fall down
  • #31,234
  • May 30, 2013 1:11am May 30, 2013 1:11am
Well if fundamentally speaking, there is still possibility for @.93x
Good USD data can bring AU almost 100+ pips down within few hours. As Ben said, it will take time for USD to stop hunting (roughly speaking). Now considering recent events we "can" expect good Prelim GDP q/q today. If it comes out above 3% (no solid proof for this number. Just saying "if-only" condition) then we can again see some drop.

If we consider the last month, each week it tried to brake historical lows. I was expecting .96x will hold but it seems it's not satisfied yet. So last historical support will be @.93x if practically speaking. Because we know that AUD is not so weak to easily giveup. So there is still a probability of touching @0.93x is more than climbing towards parity.

Well you call it as "philosophy, gambling, or anything" but I am feeling this way. And yes "if it happens" I promise you, I will post here "look I told you" lolz!
  • #31,235
  • May 30, 2013 1:17am May 30, 2013 1:17am
current range is proving to be very interesting....
  • #31,236
  • May 30, 2013 1:37am May 30, 2013 1:37am
Is anyone considering what the stock markets are doing? Nikkei down another 5% today. Some cracks appearing? If the markets do have a correction the AUD will fall much further.
  • #31,237
  • May 30, 2013 1:38am May 30, 2013 1:38am
Quoting feather
Is anyone considering what the stock markets are doing? Nikkei down another 5% today. Some cracks appearing? If the markets do have a correction the AUD will fall much further.
If anything I think it's a great short at current levels
  • #31,238
  • May 30, 2013 3:21am May 30, 2013 3:21am
I think its easier to ask God for money than try and make it on the FOREX market (for me anyway) lol!
Such a fail!
  • #31,239
  • May 30, 2013 3:35am May 30, 2013 3:35am
If anyone is going to long the Aussie have a look at this.
http://m.smh.com.au/business/the-mining-boom-is-over-20130530-2ndu9.html
the Australian mining boom has ended as of 2012. It peaked, flatlined and is now falling. Australia's biggest investment and assets have reached peak...
  • #31,240
  • May 30, 2013 3:45am May 30, 2013 3:45am
Quoting Arman_A
If anyone is going to long the Aussie have a look at this.http://m.smh.com.au/business/the-mining-boom-is-over-20130530-2ndu9.htmlthe Australian mining boom has ended as of 2012. It peaked, flatlined and is now falling. Australia's biggest investment and assets have reached peak...
it doesn't need to continue rising. it just have to bring 100 bln to the country, yearly.
looking to short EURAUD @1.3420 at low leverage.
anyone ?
I'll shop after the drop
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