AUD/USD

I think she will kiss S2 and then go up

good cut

Yup it's bull for now until it's not anymore. Don't believe in fundamental analysis. There are only two forces that move the prices, technical or news. Fundamental analysis is if you run an investment newsletter business.

Fundi-
-Bad data from China over the weekend
-Commods getting hit
-No real impacting news until Thursday

Techy-
-Daily and H4 look over bought
-While showing a higher low on daily it's not really a clear higher high. IMO it's still bearinsh/ not defined
-Possible retracement of the H4 bull run to some where between 0.898 and 0.894
-Engulfing candle on the 4H

I cant really see where the Bullish sentiment comes from, although I have been wrong on more then one occasion :-P

hmms.. small short.. expecting it to test 0.9 to 0.901 before heading up...

sl 10 pips...
*pray*

AUD .9041

Sideways movement despite China woes however Australian economy is not reliant solely on resources and infact makes up a very small component of the Australian economy.

Our cousins across the ditch have called an election in Sept 2014.

NZ PM has called it early to get the interest rates rises bad news out of the way as the Kiwi economy powers ahead.

When I first walked in I expected a 30-70 day range .. we might just get that yet as the weak longs have coughed up their lollies and the buyers at .9020-30 may have to lift their orders to get filled as the so called Chinese bad news has been outed.

happy punting

Just to add to the chart analysis. To start with I believe that the overall Bias is down (AUS weakness). If there was strength then there wold have been much more of a climb on the chart (say to .9300 - .9500 as the results from the US have been somewhat underwhelming over the past 2 months. The Aussie economy relies heavily on China. Not too sure why people don't think this is true. The low Trade Balance for China means low factory production (as not too many people buying their stuff). Which is a big worry for the Australian economy. The reason i say this.... They Buy a lot of sh*t from this country Shall i mention some for those that do not know.... Wool! Wool, hmmmm Agriculture in Australia is very important. Wool in China to make clothes for the rest of the world. The rest of the world buy less, China buys less wool, This hurts Australia. Now lets move onto the big ones..... Coal, Gas & Wheat (Wheat - Another in Agriculture for Australia),. Now i'm Babbling.
Anyway... to the chart. There will be resilience through the .8950 mark. this may then pop back up within this rising wedge (maybe to fool the buyers in the market). A break through this Trendline down and a break below .8900 may be on the cards.
The great thing about currencies is the unpredictable manner in which they move. The is always a defense from the commercial investors in the market (COT Report) and different opinions (usually triggered more by our desires and emotions).

Maybe i'm wrong but this is how it seems to me!

P.S Did anyone hear about the free trade agreement between Australia and China. (Australia gets toys and clothes, and China gets a heap of the good stuff). Sounds like a fair deal to me.... NOT

shorts and longs.. having a ball scalping around my longer term trades.. Alert set last week just triggered with Lord 400 Lux blasting through my speakers.. Hope you guys are riding the dips and seeing green.

I am currently snorting crack off a hookers belly so might be completely wrong here..
I agree, we will see a small bullish surge on the London open may to a 0.9039x level, this will last for about 1.5 hours as we saw with the AUD session and then the down trend will continue.

On the 4hr we have just bounced of the kijun so have a little bit of resistance at the 0.9021 level.
for the record..
I have 2 x longs currently the green above price in the chart and my massive stupid short... Green way down..

100% for sure AUDUSD will make new higher price. better to buy for now.

Target and time frame?

100% hey? I better get another mortgage on my house and bung it all on the ozzy.lol
I'm 100% sure it will go up at some stage too. I'm also 100% sure it'll go down :-)

Im short ;-)

I like these 100% trades you post breh. I could have sworn you made yourself alot of money before.

By Royal Bank of CanadaMonday, 10 Mar, 2014 06:54:24 GMT
Quotes from RBC Capital Markets:

-AUD: Iron ore (62% fines) fell to $114.20/t, the lowest since June 26, pushing it into bear market territory (20% down from the high in mid August).
-Iron ore futures gapped lower overnight (-5.2% from Friday's close so far). The National Bureau of Statistics will release Chinese Steel Production numbers for January and February on 13 March.
-Downside surprise may see a sharper pullback in iron ore prices. Record high inventories and falling prices amid speculation that much of the inventory build is for credit financing is worrisome and presents downside risk to AUD.

Considering you need a flat surface to snork crackers from, nice belly! Good for you to have met a fit hooker.

Good trading!! You're gonna need green pips to pay for her fees on top of the crack.

Give me some of that crack bro.

Got Minus Today From This Pair ...

FCA best execution review puts 40 firms under spotlight
Author: Robert Mackenzie Smith
Source: FX Week | 06 Mar 2014
Categories: Compliance

The FCA's review into best execution practices is set to reveal further malpractice in the retail FX market, say participants

Up to 40 firms, including some retail foreign exchange brokers, are under investigation in the UK Financial Conduct Authority's (FCA) thematic review into best execution practices across a variety of different markets.
FXCM, which was fined for not passing on price improvements from slippage to clients, is not alone in this camp, according to Lorraine Bay, partner at financial consulting firm Moore Stephens in London.
file:///C:\Users\Astron\AppData\Local\Temp\ msohtmlclip1\01\clip_image001.jpgTh e mere fact the FCA is doing a thematic review means a number of other firms are undertaking exactly the same practice
"The mere fact the FCA is doing a thematic review means a number of other firms are undertaking exactly the same practice. Where they have found this, I expect a number of firms to face a similar punishment that FXCM has," she says, adding that firms whose best execution practices are found to be below par will be expected to review past business practices and carry out redress exercises.
The review, which was announced in the FCA's latest Market Watch and in the press release detailing FXCM UK's fine of £4 million on February 26 for failure to provide best execution to its clients, explores in more detail what is expected of companies under best execution guidelines.
"Brokers in certain markets, including regulated CFD [contracts for difference] and spread-bet firms and those offering rolling spot forex contracts for difference, may be failing to recognise that their activities fall within the scope of the best execution rules," says the FCA's newsletter, released last month.
The guidance, which is not new, includes the condition that "positive price movements between the submission of an order and its execution are passed on to the client, and that firms are not seeking to retain any slippage in the clients' favour".
FX Week contacted a number of firms in the retail FX market to find out whether they adhered to the FCA's guidance on best execution for their clients. Oanda chief executive Ed Eger said he was comfortable with how the company executes trades, while Cypriot broker FxPro said it passed on price improvements to customers.
"Oanda has never been fined in any of the five jurisdictions it operates in around the world, and we believe we adhere to all the guidelines of best execution the FCA put in its Market Watch report. We are also very pleased the FCA is looking at practices in the retail FX market, as we believe there are some brokers who do not operate with the same level of transparency as we do," Eger says.
"FxPro welcomes the FCA's review of best execution and any action that is taken in the best interests of retail clients," says Charalambos Psimolophitis, chief executive at FxPro. "Being an agency model broker means it is in our interests to see our clients profit, and we believe this to be the best method of trade execution as it removes any conflict of interest you might otherwise have with clients if you are a market-maker."
CMC Markets, IG Index and VantageFX were unable to be reached for comment. The FCA's review is expected to be completed by the end of the second quarter.


http://www.fxweek.com/fx-week/news/2...ditors_Updates

Thanks For Informations ..