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Deano9999 commented Sep 4, 2013Ok, we're in violent agreement I think, time for another drink!
Stay Bullish USD Index, Short Cable & Tighten Stops On Long USD/JPY - BofA Merrill
- Deano9999 commented Sep 4, 2013
No knew that IBB, just a little banter to lighten the evening mood. Its the old story they may be right, but it'll be more luck than good reading of their charts.
Stay Bullish USD Index, Short Cable & Tighten Stops On Long USD/JPY - BofA Merrill
- Deano9999 commented Sep 4, 2013
Yes they seem to be pushing an agenda.
Stay Bullish USD Index, Short Cable & Tighten Stops On Long USD/JPY - BofA Merrill
- Deano9999 commented Sep 4, 2013
Ok got it. Since I'm not retarded I'll treat that as a fundamental and not technical tip! Seriously, the advice doesn't gel with the technicals. My custom indicator indicates go long and the daily RSI is above 60. Target could be the 61.8 fib at ...
Stay Bullish USD Index, Short Cable & Tighten Stops On Long USD/JPY - BofA Merrill
- Deano9999 commented Sep 4, 2013
Retards, is that a technical term?
Stay Bullish USD Index, Short Cable & Tighten Stops On Long USD/JPY - BofA Merrill
- Deano9999 commented Sep 4, 2013
Agree entirely. However even me an uber bear has gone long at 0.9109 for a quick scalp up to 0.9200 where this squeeze may come to a halt. The 100% retracement is at 0.9236 and a daily close above the 50ema at 0.9158 sends a strong bull signal, ...
Australia National Accounts: National Income, Expenditure and Product
- Deano9999 commented Sep 4, 2013
The daily RSI is still only 56 so not yet uber bullish, but 4hr now 79 so a pause is quite likely. However from here I think 0.9200 is next stop.
Australia National Accounts: National Income, Expenditure and Product
- Deano9999 commented Sep 3, 2013
AUD now overbought on the 4hr RSI 73, and price has reached the 38.2 fib of the move 0.9236/0.8848. Next stop 0.9120 and then the 23.6 fib @ 0.9145. The close of this bar is key and if the 4hr 200ema holds on a close its time to short, as USD is ...
Australia National Accounts: National Income, Expenditure and Product
- Deano9999 commented Sep 3, 2013
Private capex driven mainly. The latest monthly capex data however shows this slowing, so Q3 will be lower and slower.
Australia National Accounts: National Income, Expenditure and Product
- Deano9999 commented Sep 3, 2013
Sadly there will always be earthquakes in Japan. They often coincide with quakes in NZ which is the other end of the pacific plate. If the country isn't largely earthquake proof by now something is wrong, so should have little impact on the markets.
Earthquake in Japan, Japanese Yen strengthens against US Dollar
- Deano9999 commented Sep 2, 2013
Well it was when I wrote it! lol Shanghai opened and down it went a little more. With no interest rate change today the statment wording is the key development. If its the same as last month, the AUD could rally back above 0.9000. Any change and ...
Australia Retail Trade
- Deano9999 commented Sep 2, 2013
Retail sales are closely correlated with full time employment in Australia. We are shedding f/t jobs so retail sales cannot recover in the short term. Trust the eco genuises to miss that and forecast growth - duh! Wait for 2.30pm for i/rate ...
Australia Retail Trade
- Deano9999 commented Sep 2, 2013
This could explain some of the AUD buying today, even with mixed economic data. AUD is not a safe haven but it offers yield more safely than Asian markets.
Asian Bonds Tumble Below Par in Capital Flight
- Deano9999 commented Sep 2, 2013
Wow, 79% of Oanda clients are long. They must be mostly institutions as the CME COT is showing large shorts. On this basis the short squeeze is likely to continue at least up to 0.9000
AUD/USD – Relying Heavily on Support at 0.89
- Deano9999 commented Sep 1, 2013
At 0.9050 (if seen) the charts will tell you.
Australia Building Approvals
- Deano9999 commented Sep 1, 2013
Sounds like a good strategy, but I would be flexible with the tp
Australia Building Approvals
- Deano9999 commented Sep 1, 2013
Except that some MMG's can take days to fill! The latest COT still shows too may retail traders short, so a short squeeze is overdue. Be careful.
Australia Building Approvals
- Deano9999 commented Sep 1, 2013
Lol maybe bearish but not super! Still painfully holding my short from 0.9851 and another at 0.9128 waiting for my target at 0.8678. I don't countertrend trade so happy to wait for the next retracement and fade it. Just think, again, that this is ...
Australia Building Approvals
- Deano9999 commented Sep 1, 2013
Its not going too far with the poor Company profits figures, weak inflation data and a slightly weaker Chinese final PMI. 0.8970 is resistance, then 0.9000.
Australia Building Approvals
- Deano9999 commented Aug 30, 2013
A good article. I use the MAE along with the ATR and s/r lines to work out an optimum stop loss. Once I discovered MAE's my % of stop outs reduced, although this meant smaller lot sizes sometimes. Irrespective, I don't get out of bed for less than a ...
Identifying Your Trading Risk Through Intra-Trade Drawdowns