Disliked{quote} Yeah, looks like price is trying to almost 'melt' through a thick layer of buyers.Ignored
- #76,302
- Apr 11, 2014 4:09am Apr 11, 2014 4:09am
- | Commercial User | Joined Jan 2011 | 4,044 Posts
longer term bears in hibernation currently. 
longer term bears in hibernation currently.
I will only consider turning bearish on AUD (to be clear, I am fine selling intraday) if aud breaks back below .92 and the highs hold on a retrace.
NZD, I don't think we will see under .8050 for years to come unless external news metastasizes ... not just rumors.
- #76,304
- Apr 11, 2014 4:23am Apr 11, 2014 4:23am
- | Commercial User | Joined Jan 2011 | 4,044 Posts
{quote} I think you are the only other person besides myself who is currently bullish NZD and AUD. I will only consider turning bearish on AUD (to be clear, I am fine selling intraday) if aud breaks back below .92 and the highs hold on a retrace. NZD, I don't think we will see under .8050 for years to come unless external news metastasizes ... not just rumors.
The only tiring part in the dairy pricing argument on NU. It's so tiring, damn. And the school kids challenging me to the eminent NU/AU drop.
- #76,305
- Apr 11, 2014 4:25am Apr 11, 2014 4:25am
- | Commercial User | Joined Jan 2011 | 4,044 Posts
{quote} I think you are the only other person besides myself who is currently bullish NZD and AUD. I will only consider turning bearish on AUD (to be clear, I am fine selling intraday) if aud breaks back below .92 and the highs hold on a retrace. NZD, I don't think we will see under .8050 for years to come unless external news metastasizes ... not just rumors.
{quote} one key note though. If/when AU reaches 9600 and NU 8850-8900 it's when risk/reward will shift towards short selling. Make sure you drive that train back home then. I prefer this to top out near May 10-15th and then reverse is in order.
Light blue box is my short area for AUD .. (100 & 200 weekly MA's + weekly channel)
{quote} slow trader, doensn't matter, the bears are now in minority. Insitutionals are piling up on the carry trade and japs are buying bonds hard, so no way AU will succumb to the bear pressure for the next 30-45 days. It could give in some gains upon reaching 9600, true, but than we's be out already. The only tiring part in the dairy pricing argument on NU. It's so tiring, damn. And the school kids challenging me to the eminent NU/AU drop.
http://www.npr.org/blogs/thetwo-way/...ill-gates-says
Milk is going to be purchased no matter what ... unless one is dirt poor .. but the 'less' poor they are, the more they buy.
India, China, et al ...
Add in that Japan, China, US, Europe is aging and NZ is a little paradise ... it will be in demand long after im dead ...
I am VERY bullish long term on the NZD, I think (NO ONE agrees with me and that proves to me that it will probably happen) long term that NZD hits parity with CAD, AUD, USD.
- #76,310
- Apr 11, 2014 4:39am Apr 11, 2014 4:39am
- | Commercial User | Joined Jan 2011 | 4,044 Posts
{quote} You read my mind. That is what someone starting arguing with me yesterday over. I was selling highs but saying I was bullish, it didn't calculate with them .... Light blue box is my short area for AUD .. (100 & 200 weekly MA's + weekly channel) {image}
{quote} here's a good one on the bears. Bears acreage shrinking.
If I see a ship, I will surely hope on that ship with the bears and have a beer with dem' bears ...
but until then ...
http://www.cnn.com/2014/01/04/world/...a-ships-stuck/
- #76,313
- Apr 11, 2014 4:42am Apr 11, 2014 4:42am
- | Commercial User | Joined Jan 2011 | 4,044 Posts
{quote} Everyone keeps saying some Chinese ship is going to save those bears. If I see a ship, I will surely hope on that ship with the bears and have a beer with dem' bears ... but until then ... http://www.cnn.com/2014/01/04/world/...a-ships-stuck/
good one boss!
- #76,314
- Apr 11, 2014 4:43am Apr 11, 2014 4:43am
- | Commercial User | Joined Jan 2011 | 4,044 Posts
{quote} Everyone keeps saying some Chinese ship is going to save those bears. If I see a ship, I will surely hope on that ship with the bears and have a beer with dem' bears ... but until then ... http://www.cnn.com/2014/01/04/world/...a-ships-stuck/
- #76,317
- Apr 11, 2014 4:56am Apr 11, 2014 4:56am
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,045 Posts
{quote} one key note though. If/when AU reaches 9600 and NU 8850-8900 it's when risk/reward will shift towards short selling. Make sure you drive that train back home then. I prefer this to top out near May 10-15th and then reverse is in order.