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Deano9999 commented Mar 18, 2014You got it, but the big test lies ahead with the ECB bank stress tests. Problems here sparks another banking crisis and a 1.25 EUR, BUT thats months away. In the meantime look for > 1.400.
German ZEW Indicator Burdened by Crimea Crisis
- Deano9999 commented Mar 16, 2014
Whatever works, but 7 Euro trades sounds like overleveraged to me. Trade safe.
AUD/USD Technical Analysis Stalling Near 0.90 Figure
- Deano9999 commented Mar 16, 2014
Sounds good to me, I do exactly the opposite with the Euro - it all depends on the main price trend. Have fun and I'm sure the market will give us both what we want, cheers
AUD/USD Technical Analysis Stalling Near 0.90 Figure
- Deano9999 commented Mar 16, 2014
Good question. I trade off the daily charts with weekly reference and 1hr or 4hr entries, and you're dead right a case can be made for sideways moves in the short term, however my trading timeframe is measured in days and weeks so patience is key. ...
AUD/USD Technical Analysis Stalling Near 0.90 Figure
- Deano9999 commented Mar 16, 2014
Agreed, but the minutes will only confirm the statement released last week. Anyway these days the AUD is not really in control of its own destiny, with the least interventionist central bank in the world, and as I don't countertrend trade happy to ...
AUD/USD Technical Analysis Stalling Near 0.90 Figure
- Deano9999 commented Mar 16, 2014
I'll take that bet. My custom indicator suggests that the PA is rolling over to the downside, and the inability to close above the 38.2 fib at 0.9078 on the weekly chart tells me there is a lack of conviction to the upside. 0.9020 is the pivot and ...
AUD/USD Technical Analysis Stalling Near 0.90 Figure
- Deano9999 commented Mar 13, 2014
No but it caps the upside. Look for a drift back to 0.9000.
China economic data disappoint markets
- Deano9999 commented Mar 2, 2014
Chinese New year is a factor, but a small gap lower in the AUD & NZD likely into the Asian open.
China Factory Index Decline Adds to Lis Growth Headwinds
- Deano9999 commented Feb 27, 2014
If Saturday's Chinese manufacturing PMI is weak, expect a gap lower on Monday and a test of that "barrier" at 0.89. If stronger 0.90 comes back into focus - who the F&%k knows with the Chinese data.
Yuan slides lower taking the Aussie with it
- Deano9999 commented Feb 26, 2014
Its the USD that the culprit.
Australia Private New Capital Expenditure and Expected Expenditure
- Deano9999 commented Feb 19, 2014
Short from 0.9078 and don't trade reversals so this is to be expected for the patient traders amongst us. Typical news cycle spike in the AUD is around 100 pips, so look at the support around 0.8930 on the 4hr, or 0.8910 (my target) on the daily for ...
HSBC Flash China Manufacturing PMI
- Deano9999 commented Feb 4, 2014
Hernandez probably has hundreds of pairs - maybe she'll donate some?
Dad Cant Buy Daughter Shoes as Argentine Currency Falls
- Deano9999 commented Jan 29, 2014
Agree, this is an unusually muted response with Asia now closing. Yes factored in but its like the FX markets are ignoring the impact on other markets. London open will clarify along with the German data.
Fed Cuts QE to $65 Billion Pace as Labor Market Improves Further
- Deano9999 commented Jan 29, 2014
That fib at 0.8820 just too strong for now, and it may not get visited again for a while.
AUD/USD Falls Away Sharply from Resistance Level at 0.88
- Deano9999 commented Jan 29, 2014
As expected, limited volatility really.
Fed Cuts QE to $65 Billion Pace as Labor Market Improves Further
- Deano9999 commented Jan 28, 2014
I doubt it irrespective of the FOMC. If the FED tapers its USD strength all round and the AUD falls along with the rest of the market. If they don't, the USD index falls and the EUR, GBP, CHF and JPY all rise against it. The AUD sits on the ...
AUD/USD Rejected Again at Resistance Level at 0.88
- Deano9999 commented Jan 23, 2014
Hear Hear, me too. Next stop 0.8630 and then 0.8500 and then pretty much clear air till 0.8000, but thats a way off.
AUD tumbles as RBA's Ridout talks down the currency
- Deano9999 commented Jan 20, 2014
Higher rates always better for the banks - more wriggle room.
NZD: Higher inflation prompts rate hike call
- Deano9999 commented Jan 20, 2014
Cool. The shortest tf I trade is the 4 hour so its a little tougher at present - no time for anything less.
The Science Behind The Signal: Markets & The 2nd Law Of Thermodynamics
- Deano9999 commented Jan 20, 2014
Great article again and as usual Jay - lots of entropy at the moment. We need a big volatility event to shake things loose, and since counter trend trading is inherently more difficult than trend trading I'm trading very carefully at present, cheers ...
The Science Behind The Signal: Markets & The 2nd Law Of Thermodynamics