AUD/USD

[CanOz]

Thanks for the heads up Can. I thought you might be interested in a different perspective. I didnt see a double bottom pattern, it had too many peaks in between the bottoms and the main peak was not in the middle of the bottoms, and in any case it was a long way from confirming, but I thought many would trade it, which it seems they did. I thought I would check when the US woke up and see if the big boys would come in and trigger their stops. I saw the bars on the 15min chart had hit the MA, so I switched to a 2 min chart and took the short signal the system I am testing gave, and let it run with a trailing stop for a profit of around 3 times risk. The trailing stop didnt trigger but I exited when price jumped back over the MA. No vol, no DOM, no Tick charts, no patterns, just a moving average and a trailing stop while watching TV. (The other market that I am testing on also picked up 50 points at the same time) It's early days and usual disclaimers apply. Just thought you might be interested.

View attachment 52475

Pretty much pure price action, Al Brooks style sort of

Thanks but i rarely trade currencies...i do like to see the order flow, one day i suppose i'll have another crack at gold and crude live...

Good trading...

CanOz

 

[white_goodman]

Pretty much pure price action, Al Brooks style sort of

Thanks but i rarely trade currencies...i do like to see the order flow, one day i suppose i'll have another crack at gold and crude live...

Good trading...

CanOz

glutton for punishment, crude and gold are nightmares... hang seng-esque in volatility and order book

 

[CanOz]

glutton for punishment, crude and gold are nightmares... hang seng-esque in volatility and order book

Yeah i know...but better the devil you know sometimes....

There are heaps of little things on each markets that i have come to appreciate. Besides, I've had them open on my desktop for so long now they're like a pair of screen savers.

Are you still spreading Whitey or did you move on to other things?

CanOz

 

[>Apocalypto<]

haha as soon as my call was made public I knew we wouldn't get a rally I was expecting

Next downside target around the 0.9370 mark

i'm long again Prawn... ent 95727 looking at that last move down as final by the bears... looking for 98-99

 

[prawn_86]

i'm long again Prawn... ent 95727 looking at that last move down as final by the bears... looking for 98-99

Yeh fair enough. Daily close above 0.96 is a positive sign for longs

 

[>Apocalypto<]

Yeh fair enough. Daily close above 0.96 is a positive sign for longs

also long EUR/$ on 1 hour with a upside targer of of 20 pips opened start of this 10am hour bar. ent 1.29473.. SL 1.29290

 

[white_goodman]

Yeah i know...but better the devil you know sometimes....

There are heaps of little things on each markets that i have come to appreciate. Besides, I've had them open on my desktop for so long now they're like a pair of screen savers.

Are you still spreading Whitey or did you move on to other things?

CanOz

yeah only in the STIR type products due to work/masters

 

[>Apocalypto<]

also long EUR/$ on 1 hour with a upside targer of of 20 pips opened start of this 10am hour bar. ent 1.29473.. SL 1.29290

Good trade Thursdays continue... E/$ tp hit AUD still busting... Stop at BE on A/$ long tp in at .9860

 

[MARKETWINNER]

http://www.theaustralian.com.au/bus...ear-two-year-low/story-e6frg916-1226654734582

Aussie dollar near two-year low

 

[notting]

Flipped it today.
Had a good run!
Looking/hoping for a retrace back to about US1.015. The market should start having doubts about further RB easing due to inflection point found with last move. That should at least stabilise it for the moment. However I'm expecting .92 then .85 where it will eventually settle between that an .80 for longer term IMO

 

[prawn_86]

However I'm expecting .92 then .85 where it will eventually settle between that an .80 for longer term IMO

What timeframe? 0.80 is a big call

 

[notting]

Can't really offer a time frame at this point.
I'll be happy to start buying again anywhere above 97c, then just sit back and keep a lazy eye on it.
2 years max!

 

[MARKETWINNER]

​

According to Professor Ross Garnaut, prominent economist and former economic advisor to the Australian government, has said the Australian dollar might drops to 70 or even 60 US cents.

According to some analysts reason for coming dollar fall is lower commodities prices. It can be one of the reasons. More than that time to time money will flow one basket of currencies to another basket of currencies or some other assets. I believe money will outflow from currencies such as NZD and AUD to other currencies in the coming months, quarters and years. Still there can be short term rally in NZD or AUD. However intermediate trend for AUD and NZD is down now.

http://finance.ninemsn.com.au/newsbusiness/motley/8668836/will-the-aussie-dollar-fall-to-60-us-cents

Will-the-aussie-dollar-fall-to-60-us-cents

My ideas are not a recommendation to either buy or sell any security or currency. Please do your own research prior to making any investment decisions. Please note that I do not endorse or take responsibility for material in the above hyper-linked site.

 

[pixel]

Will-the-aussie-dollar-fall-to-60-us-cents[/I]

Wouldn't be bad for some:
It would certainly mean more tourists would come from Overseas, while Aussies would spend their holiday Dollars at home rather than outside.
Exporters would also be smiling: for example, were the price for iron ore to drop to US$80, at parity, they'd receive $80, but at 80c they'd still get $100 a ton. Huge difference if your costs are AU$85.

Only our "poor" politicians would need another hefty pay rise, so they could afford to stay in five-star hotels on those taxpayer-funded fact-finding missions abroad

 

[notting]

According to some analysts reason for coming dollar fall is lower commodities prices. ]

Total rubbish. These morons build these retrospective stories after the fact, trying to find a reason without seeing the elephant staring in their face.

I is simply the 'surprise' recent interest rate cut that found the inflection point.

These 'stories' can however add weight to the downward sentiment once the slide has begun.

 

[prawn_86]

Total rubbish. These morons build these retrospective stories after the fact, trying to find a reason without seeing the elephant staring in their face.

I is simply the 'surprise' recent interest rate cut that found the inflection point.

These 'stories' can however add weight to the downward sentiment once the slide has begun.

Agree totally.

Interesting to note the ANZ has now changed their year end forecast to 0.92, down from 1.05. They simply chop and change whenever they want. Easiest job in the World if you can get it

 

[MARKETWINNER]

According to following link Mr. Aitken is calling a rout and warned that pricking the Aussie dollar bubble won’t be pretty to watch.

“The Australian dollar has been one of the most obvious bubbles in the financial world,” he argues in a note. “I remain of the view that this Australian dollar correction will get disorderly.”

http://blogs.wsj.com/moneybeat/2013/06/05/aussie-dollar-faces-grave-danger/

Aussie Dollar Faces ‘Grave Danger’

My ideas are not a recommendation to either buy or sell any security or currency. Please do your own research prior to making any investment decisions. Please note that I do not endorse or take responsibility for material in the above hyper-linked site.

 

[DB008]

glutton for punishment, crude and gold are nightmares... hang seng-esque in volatility and order book

What does that even mean?

 

[boofis]

What does that even mean?

Hang Seng Index, Hong kong futures exchange. It's fairly thin and moves really quickly with 100+ tick moves. Orderbook is just the DOM, ladder, etc. Hope that helps.

 

[DB008]

Hang Seng Index, Hong kong futures exchange. It's fairly thin and moves really quickly with 100+ tick moves. Orderbook is just the DOM, ladder, etc. Hope that helps.

Thanks.
Only thing I've traded with big moves were Cocoa futures (warrants), but that was a long time ago.