Trembling Hand
Can be found on the bid
- Joined
- 10 June 2007
- Posts
- 8,852
- Reactions
- 204
I bet they do. limited up side, unlimited down side. Perfect, for the bank.
I bet they do. limited up side, unlimited down side. Perfect, for the bank.
- Joined
- 1 May 2007
- Posts
- 2,904
- Reactions
- 52
My god those are out of whack. The Macq structured prodcuts team are really doing their work!
http://www.nasdaq.com/aspxcontent/optionsWC.aspx?symbol=^XDA&qm_page=59843&qm_symbol=^XDA
- Joined
- 2 February 2006
- Posts
- 14,009
- Reactions
- 2,891
Right, we're through AUD1.15 to the greenback at the double now, so much for March, and Ok for me after the FLX cash. Chance now to pay my CGT out of currency gains. I've long thought that AUD1.35 is fair exchange rate agin the USD, and I hope we can get there, good for many of us.
Stock markets are under pressure as profits are coming in, in the energy sector, below expectations. Masterly innaction, dare i say it again, the way to go now and written in stone, IMHO.
- Joined
- 4 January 2005
- Posts
- 1,231
- Reactions
- 0
- Joined
- 4 January 2005
- Posts
- 1,231
- Reactions
- 0
- Joined
- 4 January 2005
- Posts
- 1,231
- Reactions
- 0
- Joined
- 2 February 2006
- Posts
- 14,009
- Reactions
- 2,891
Commodities are slumping in price as the US Dollar gets stronger by the week. This is likely to cause an exit of cash from Australia and the trend looks set for the next target of AUD1.20 to the USD1.
The first target of AUD1.15 came quicker than I thought but European woes weighed down on commodities in the last week or so. This trend is likely to remain.
The first target of AUD1.15 came quicker than I thought but European woes weighed down on commodities in the last week or so. This trend is likely to remain.
- Joined
- 2 February 2006
- Posts
- 14,009
- Reactions
- 2,891
An interesting week ahead as markets transfix themselves on the Euro Zone and the gathering storm of debt surrounding Greece, Spain and Portugal. The contagion is building and as in the property sector will spread and spread.
The US has an advantage here in that it has already crashed and not burned, but can we say the same of the Eurozone and we have not heard so much yet of the newer part of the Eastern Block of the Eurozone.
The USD looks as if it has a long way to go against the Euro and we need now to see how much that can continue to affect the AUD. The Aussie has been commodity driven and prices have tumbled, and some think stand on the brink. In this situation the AUD may have a longway to go in its downward path, perhaps through the whole of 2010 and 2011.
The US has an advantage here in that it has already crashed and not burned, but can we say the same of the Eurozone and we have not heard so much yet of the newer part of the Eastern Block of the Eurozone.
The USD looks as if it has a long way to go against the Euro and we need now to see how much that can continue to affect the AUD. The Aussie has been commodity driven and prices have tumbled, and some think stand on the brink. In this situation the AUD may have a longway to go in its downward path, perhaps through the whole of 2010 and 2011.
professor_frink
Moderator
- Joined
- 16 February 2006
- Posts
- 3,252
- Reactions
- 5
Who exactly are you referring to here sinner?
- Joined
- 4 January 2005
- Posts
- 1,231
- Reactions
- 0
Whiskers
It's a small world
- Joined
- 21 August 2007
- Posts
- 3,266
- Reactions
- 1
But what does it all mean!
On my weekly chart, I originally thought it might fall a bit lower into the low 80's, but given what I think is a pretty much completed Flat correction, it may have bottomed and set to surge higher.
I'm working with a '1', '2' count atm, but equally it could be 'iii', 'iv' with my current 'iii' extending.
Attachments
- Joined
- 4 January 2005
- Posts
- 1,231
- Reactions
- 0
But what does it all mean!
On my weekly chart, I originally thought it might fall a bit lower into the low 80's, but given what I think is a pretty much completed Flat correction, it may have bottomed and set to surge higher.
I'm working with a '1', '2' count atm, but equally it could be 'iii', 'iv' with my current 'iii' extending.
you use a weekly chart the one i post is a 24hr chart..which
is a 10min time frame,looks like you use elliot wave..as long as it works for you..great stuff..
my chart is very simple..above the red line you are long,
below you are short..
all nos are strong support/resistance nos..
no brainer really..just trade what you see
have a great evening,
ac
Whiskers
It's a small world
- Joined
- 21 August 2007
- Posts
- 3,266
- Reactions
- 1
Thanks ac, that sounds easy enough.
PS: I also trade the shorter time frames, but it seemed opportune to stick up the larger picture.
PS: I also trade the shorter time frames, but it seemed opportune to stick up the larger picture.
Whiskers
It's a small world
- Joined
- 21 August 2007
- Posts
- 3,266
- Reactions
- 1
Whiskers
It's a small world
- Joined
- 21 August 2007
- Posts
- 3,266
- Reactions
- 1
- Joined
- 2 February 2006
- Posts
- 14,009
- Reactions
- 2,891
The downward trend of the Aussie is well set now, IMHO. There will be some recovery phases as there always are when outside big trading influences come in to play or news arrives from America and more importantly Europe these days.
I have an interest in the AUD weakening against the USD but I wouldn't be in this position if I wasn't so certain of the trend.
Still, Xstrata sees a renewed commodity boom so the bulls of the AUD have a chance of coming right here.
I have an interest in the AUD weakening against the USD but I wouldn't be in this position if I wasn't so certain of the trend.
Still, Xstrata sees a renewed commodity boom so the bulls of the AUD have a chance of coming right here.
- Joined
- 4 January 2005
- Posts
- 1,231
- Reactions
- 0
just curious, so you enter as price moves away from your s/r, as long as it is with the MAs, and exit at the next s/r it hits? and trail stops?
I imagine some of the moves away from your s/r 's are pretty fast, do you use stop entries ?
thx
