AUD

[ithatheekret]

I've had a good think about the chart today .

The spiral off the highs has pulled up , looks like a side ways motion , much like the Euro was in last week bit of chipping .

A little bottom fishing in the troughs could yeild a nice pick up , but the factors needed to empower the play are after entry , the cross needs to push past 87.15 area , could stall around there too . If it goes on, aim for 87.5's for a test area . If it bangs about 87.5 look for tight ranges , before it can attempt 87.9's . If it hits the 87.9s look for 88.55ish for a break into the 88.7,s and 9's , before getting toward the 90.17 point .

That's what my line points to . 90.17(8/9)

 

[Kauri]

Taken a small short... a lot of stop hunting going on today... on all major pairs...
Cheers
.........kauri

 

[ithatheekret]

Made the high 87's resistance may push it back down to low 087.5's or 4's yet and bang about in a tight range , unless some thoughtful bank comes along and gets helpful . A lot of positioning going on , couple of footprints in the sand ........... I expect a few 10-15 pips band ranges for awhile until Europe finishes breakfast , I just picked up the drop area 45's and 48's long added them to an 87.3 pozzi and I know there's some minor resistance around 87.5's , just have to see if it can push through it again . The resistance @87.777 is what I want to see hammered at , 87.5 resistance is harsh though .........

 

[ithatheekret]

Should of looked at the chart first oops ........ okay we're at 87.5/4 area now , this is where I expect a bit of the old Atari tennis .

 

[Kauri]

At 50%ret of last small up-leg so have stop at B/E... playing it safe as with the low volume it doesn't take much to push her around..
Cheers
.........Kauri

 

[ithatheekret]

Low volume is like pulling teeth .........

Had an urge to do something daring at 8738 .

I know slap me silly and call me stupid .

 

[ithatheekret]

yes I did @ 8704 big time

 

[Kauri]

Brought the stop down to lock in 1.5 R/R odd as she plumbs the possible lower channel...

ithatheekret.. are you long or short??.. your original post sounded longish??
Cheers
.........Kauri

 

[Kauri]

Stop taken at best part of 2R/R... will wait and see what the Europeans have in mind for us tonight...
Cheers
.........Kauri

 

[Kauri]

I wonder..... :aliena:
Cheers
.........Kauri

 

[Kauri]

Why wonder... when you can ask the question...
:grenade:
Cheers
..........Kauri

 

[ithatheekret]

Yes long Kauri , reduced a few of those positions , couldn't resist the profit .

Got one pozzi left will hold it .

 

[Kauri]

Yes long Kauri , reduced a few of those positions , couldn't resist the profit .

Got one pozzi left will hold it .

Wide stops...happy days..

Cheers
........Kauri

 

[Kauri]

Seems a bit contrarian, but I am leaning towards another bout of risk aversion.... will be watching to see how the Japanese see things after thier break...
Cheers
.........Kauri

 

[ithatheekret]

I think the focus on the Yen is where our thought train should take us .

Where running on technicals and events at present . Fundamentally the Yen will not be backed by a rate rise anywhere soon , the Japanese economy sucks and the policies / actions of the administrations are a bit shy on the growth theories , so my leaning is towards a strength period and a weakness period . I see the Yen going back towards 110 first , say in a month or so and possibly lower . The current action being more of an event than a trend , $100 oil is a huge threat to the Japanese and I don't see that retreating too much lately , even if it get's back into the $80's , I feel it would only be a slower kill off for their economy .

Mind you we've tested 107's , so a retest has to be on the cards , especially with all the strength calls in the market and at present that's only 50 pips away .

 

[ithatheekret]

Back into .885 push , could retreat a little again , see if it can hold the .855 , 50 area for the next leg , expect some US profit taking too .

If she can get into 886/7's and hold her ground on a 855/50 retreat we could see in 89 tonight .

 

[Kauri]

Seems a bit contrarian, but I am leaning towards another bout of risk aversion.... will be watching to see how the Japanese see things after thier break...
Cheers
.........Kauri

Heading for the lower edge of the 4Hourly channel... if she gets there that will just about complete the 50% ret of the last major upleg...
Cheers
..........Kauri

 

[Kauri]

Interesting to see how strong the old support will turn out to be...
Cheers
.........Kauri

 

[ithatheekret]

Yep my trailer got hit , thank heavens I'd set it too .

 

[Kauri]

Stepped out for a while to get my hair cut and come back to find it is not only the hair that got cut.. :afro: Stop set just above the 50% ret of 3orC got taken... sitting on the sidelines now watching...
Apparently ADIA getting set for 7.5Bln of Citi has convinced everyone the markets, and risk, is OK again... for today at least...
Cheers
.........Kauri