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- ragnakore replied Dec 21, 2011
market is waiting for LTRO ... thats the major risk event for EUROPE and AUDUSD as well... watch it.. watch it if disappoint, SELL either because its small or no taker or too strict no one can avail of it
AUD/USD
- ragnakore replied Dec 21, 2011
sigh... im out at 185 instesd of 205.. stalling and am no risking the pips.. it had rallied way too high.. need to take out 220 pf retrace back to comfy 100 level to go long ps.. strong sellers parked aound low 200s
AUD/USD
- ragnakore replied Dec 21, 2011
as market is going like it is now, fizzle not this month. fizzle to start next year
AUD/USD
- ragnakore replied Dec 21, 2011
i do agree that its HOPIUM... like i said earlier, this LTRO isnt the solution but a quick fix to give the fat bankers a red coat to hohohoho for. and once this fizzles, i will be riding the avalance down.. ps.. been trading against hopium for some ...
AUD/USD
- ragnakore replied Dec 21, 2011
what is the story behind ORACLE? i heard that its big negative .. therefore big negative for SPX and effectively a sell for AUD.. anyone know?
AUD/USD
- ragnakore replied Dec 21, 2011
i think we will see a big drop, but that wont happen while santa is smiling upon europe... after all santa is german
AUD/USD
- ragnakore replied Dec 21, 2011
Something very very positive for Europe is the life saver LTRO Long Term Refinancing Operation. ECB is offering cheap cheap loans to banks AS MUCH AS YOU WANT AS MUCH AS YOU CAN and as collateral, banks simply need to offer anything of value; BONDS ...
AUD/USD
- ragnakore replied Dec 20, 2011
It is so festive in NY, so very festive in Europe. Where else will the holiday go? Santa is coming to town! Or has he already came? Buying on dips.
AUD/USD
- ragnakore replied Dec 20, 2011
FUNDY dictates thst AUD should stay south down under but correlation to equities dictates AUD shiuld be 1.05 here is another read to short AUD.... url
AUD/USD
- ragnakore replied Dec 20, 2011
Congestion at 0.9980s area since Dec 13. best level to short IMO. But next congestion would be 1.0030s and its a BUY on break above.
AUD/USD
- ragnakore replied Dec 19, 2011
Declining Wedge forming on 5M with 0.9920s as baseline suggestive of imminent drop (good only for scalping).
AUD/USD
- ragnakore replied Dec 19, 2011
the statement was mostly negative, bearish and gloomy. but there was a liner that was positive stating trading partner has solid GDP (but did not say declining), they have mining boom (again did not state declining), they have improving domestic ...
AUD/USD
- ragnakore replied Dec 19, 2011
I have the same view with Australia. Australia's biggest trading partner has been slowing since last last year and yet AUD kept moving higher breaking parity and onward to 1.1000 inspite of the fundamental fact China is slowing. Fundy isnt the only ...
AUD/USD
- ragnakore replied Dec 19, 2011
Pips for thought: China, USA dont want a weak EURO so they can sell stuffs to Europe. Germany is OK by this and prefers a strong EURO to fight inflation. Perhaps these are the reasons why EURUSD refuses to plunge lower than 1.3000. Many Hedge Funds ...
AUD/USD
- ragnakore replied Dec 19, 2011
This is going nowhere aka Sideways. But to trade this pair in range could be a killer. According to FXCM, most loser traders lose money trading "range" during non-range hours. You might wanna reconsider... Yet according to FXCM studies, there are ...
AUD/USD
- ragnakore replied Dec 18, 2011
We dont know what "Kim Jong Un" (successor) will be. thus the fear in the market, ie Better the devil we know, that the devil we dont know. Of course, I dont mean he is a devil; just stating the adage.
AUD/USD