International Index Trading

[Edwood]

course - no problem

Off topic again for this thread but with the 25% gain in NZD against Sterling (& probably AUD, haven't checked) there has to be an argument for buying London property around these levels (in decent areas) - we can get it 25% cheaper than the locals, and the Olympics are coming... & no doubt a change in govt

 

[Edwood]

looking like its nearly time to dust off them shorts me thinks....

 

[Edwood]

starting to roll over - don't fight it, you know you want it...

 

[Edwood]

NZD getting dumped against sterling following the 'no-change' rate call this morning

 

[Timmy]

NZD getting dumped against sterling following the 'no-change' rate call this morning

Thanks for that Ed - if you have the inclination, what is going on over there in NZ compared to Australia that is seeing rates raised here but steady there (or is it just John Key is short the NZD and talking his book ) ..... is it pretty much the resource/China story here in Aus. that is the difference you think?

 

[Edwood]

lol Timmy - funny you say that, when Donkey started running the country I thought perhaps the best use of his skills would be to take over the "Cullen Fund" (the kiwi super pot) to trade our way out of recession Instead he has taken on the task of building a $50m cycle lane through the middle of the country

NZ has a large debt overhang rated among the highest in the western world as a % of gdp. Our tax system favours property investors as we can create loss attributable qualifying companies, run property portfolios at a loss & offset those losses against other sources of income, effectively eliminating individual tax bills (& blowing away any revenue for the govt which would come out of other forms of investment). Unfortunately its non-productive investment - govt is reviewing how to change this. We can't just dig valuable holes in the ground like you guys can so the risks for us getting out of this mess are higher

we'll probably have to resort to selling you guys water at some point

 

[Edwood]

bit of detail on the govt side if you're interested

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10606188

 

[Timmy]

Thanks Ed.
Yes, the holes in the ground here are very handy indeed.

I want to go to NZ so I can vote for your PM, the ex-FX dealer. That is so cool. Much better than a smarmy ex-bureaucrat ....

 

[Edwood]

http://www.dailymail.co.uk/news/wor...baffle-vets-mystery-condition-German-zoo.html

lol - could this be Glenn Nealy?
whoever, this bears lost more than his honey trying to short the run up since July

 

[Edwood]

lol max pain INDU = 10291. And where are we now?

 

[Edwood]

weekly ftse - h&s target nearly met, I make it around 5590. also a broadening pattern coming into play in the 15 min

 

[Edwood]

GBP-NZD getting down towards the lows again, risk is UK has a rating warning, but either way shaping up for a retest of the 2.12 zone

 

[Edwood]

weekly ftse - h&s target nearly met, I make it around 5590. also a broadening pattern coming into play in the 15 min

h&s target hit, turned at 5600 fwiw

 

[Edwood]

ftse certainly put in a good reaction - not saying its the top, but it is til it isn't I guess

 

[Edwood]

just wanted to share a recent trade on gbp-nzd (posted on livecharts) cos its a lovely setup & nice example of trading with TA.

Solid downtrend, along the median line into a descending wedge with momentum fading per the macd

zooming in support is tested followed by an inside candle, with the test candle evolving into a master candle. long on the break of tje inside candle & back above the median line

Then followed a rising picthfork to stall at the upper parallel of the descending pitchfork. sweet!

 

[ThingyMajiggy]

Here is some recorded video I took of the HSI tonight, man this thing can move fast! Dunno how you do it TH

http://www.youtube.com/watch?v=_zEQhtWy3Q0

 

[Trembling Hand]

Here is some recorded video I took of the HSI tonight, man this thing can move fast!

Have a look at it on the cash open, 1:00 Aussie time today. Lots of news from China. Should be some fireworks.

 

[ThingyMajiggy]

Have a look at it on the cash open, 1:00 Aussie time today. Lots of news from China. Should be some fireworks.

yeah with the lending? fireworks really is fireworks from what I've seen in the past

 

[Trembling Hand]

HHI is smokin. Something to watch at the mo. Twice as much vol as usual. Watch 1 pm. lots of data from China

 

[Trembling Hand]

You like that? HSI 111 ticks in a minute. Luv it!!