AUDJPY

[Kauri]

may not yet form a coily... or a ledge... or a double bottom.... butt.. worriesome though that these apparent desc. coilies I find often become a reversal potteen... I'm keeping the stop wide and taking a punt on a continuation,,, I tink..
Cheers
..........Kauri

at least an opportunity to bring the stop in closer
......Cheers
..............Kauri

 

[Kauri]

at least an opportunity to bring the stop in closer
......Cheers
..............Kauri

and then some..

Cheers
............Kauri

 

[Kauri]

and then some..

Cheers
............Kauri

That will do for me... I smell tom cat p..
Cheers
..........Kauri

 

[dhukka]

Just exchanged some JPY into AUD myself, beautiful to watch, been a long time coming.

 

[BentRod]

What a move!

Nice trade Kauri

 

[Kauri]

butt,,

which way???



Cheers
...........Kauri

 

[Kauri]

butt,,

which way???



Cheers
...........Kauri

thataway... I guess..

Cheers
............Kauri

 

[BentRod]

Kauri...Has your broker jacked the spread right up on this pair?

Oanda has it at 15 when usually it is 4

 

[Kauri]

Kauri...Has your broker jacked the spread right up on this pair?

Oanda has it at 15 when usually it is 4

i use IG and Alpari for trading... the charts I post and draw on are Metaquotes demo...

IG is the top grab...
Alpari is the second..

Cheers
............Kauri

 

[BentRod]

Thanks mate.
Might look into another account.

These spreads are a joke.

 

[Kauri]

carving off a steak or two from the stampeding bulls as they thunder by on their way to the abbatoir has been fun... will wait now for the NorAm buffalos to start heading for the corral for the next meal... possibly...

:viking:

Cheers
..........Kauri

P.S.. Spot EUR/JPY extends new 2.5 year lows sub 135.00 and implied vols also through the roof - 1 month atmf testing the 30.0 level but nothing actually trading.

 

[Kauri]

a US bank ( apparently there is still one) sold 5 yards ($5bln.) of AUD/JPY overnight as part of an unwind by troubled insurer AIG. The same bank is reportedly touting a move to 55.00 as they see the retail longs not yet flushed.

Cheers
...........Kauri

 

[CanOz]

Where do you get this stuff Kauri?

www.fxgossip.com?:D

Cheers,


CanOz

 

[Kauri]

the range is toooo big to tempt me... butt... who nose what may develop down the track

Cheers
...........Kauri

 

[Kauri]

Where do you get this stuff Kauri?

www.fxgossip.com?

Cheers,


CanOz

i invent most of it... and the rest i just make up... mostly.... i tink...

Cheers
...........Kauri

 

[BentRod]

who nose what may develop down the track

Popped out nicely.

 

[Kauri]

The collapse of the AUD/JPY yesterday was unprecedented and was capitulation in the extreme. The cross fell around 12% from yesterday"s high to low, as stressed hedge funds and terrified Japanese and US investors were forced out. Major support levels melted away in a matter of hours and the volatility in between the selling waves was extreme. The cross fell as low as 63.80 at one stage within sight of the 2002 low around 62.25. A break below that level would target historical lows below 56.00.
The AUD/JPY is extremely oversold on the daily techs while at the same time showing bullish divergence. On the weekly techs there is no bearish divergence, but the readings are at ridiculously oversold levels. All eyes today will be on the Nikkei and other Asian bourses and if they somehow stabilize it should see the AUD/JPY recover or at least stabilize. If equities crash off again it will lead to more AUD/JPY selling even though it is hard to believe there are any longs left to capitulate.

cheers
..........Kauri

 

[Kauri]

There is a rumour making the rounds in Asia that the massive sell off in the AUD/JPY yesterday was started by a bank selling on behalf of a stressed hedge fund. The talk is that the sell order was for between 5 and 8 BLN AUD and was done in a few waves between Tokyo afternoon and late Europe.

cheers
..........Kauri

 

[ttnt]

After yesterday's crash, do you guys know when AUD is heading to? 55-56? another 1000 points?

 

[Kauri]

head-butting res. from a few days back...

Cheers
...........Kauri