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Deano9999 commented Dec 8, 2013Agree, I'm order to short at 1.3754 on a spike, stop 1.3844 above the year high.
EUR: 'What Can't Go Down...' - Credit Agricole
- Deano9999 commented Dec 6, 2013
Its not just the AUD, its the whole market rallying against the USD, very odd.
Payrolls in U.S. Rose 203,000 in November; Jobless Rate at 7%
- Deano9999 commented Dec 6, 2013
This is very unusual price action for such a news item and result. AUD has recovered 100 pips, EUR 55, Gold over $30 up. I suspect some stop hunts and its possible late in NY session prices may decline against the $.
Payrolls in U.S. Rose 203,000 in November; Jobless Rate at 7%
- Deano9999 commented Dec 6, 2013
Maybe not stop but probably slow down a lot.
Payrolls in U.S. Rose 203,000 in November; Jobless Rate at 7%
- Deano9999 commented Dec 6, 2013
Interesting...market is almost shrugging off the result as the other currencies recover very quickly.
Payrolls in U.S. Rose 203,000 in November; Jobless Rate at 7%
- Deano9999 commented Dec 5, 2013
Well I am still bearish, my stops are just over 0.9130 so I feel OK for now. I will feel much better however if it would just crash. Lots of price indecision down here...we saw it last visit and also an option barrier of sorts which is yet to be ...
Australia International Trade in Goods and Services
- Deano9999 commented Dec 5, 2013
I'm no expert, just trying to read the price action and indicators from my system.
Australia International Trade in Goods and Services
- Deano9999 commented Dec 5, 2013
Like I suggested, probably heading up 0.9070, maybe 0.9100 if it can crawl that high.
Australia International Trade in Goods and Services
- Deano9999 commented Dec 5, 2013
Try the 60's where it was in the GFC. We're about to have our version of that as things slow donw next year.
Australia International Trade in Goods and Services
- Deano9999 commented Dec 4, 2013
The best trade of 2013 - consistently steady fall, probably headed to 1.08 and then the all time low at 1.06 - but it will take time.
Aussie-Kiwi Parity Bets Emerge as Rates Split
- Deano9999 commented Dec 4, 2013
Ah, the talking head economists still as clueless as usual. They expect a continuous surplus during 2014 so this is just an aberration!!! Bollocks. We're not the only people supplying China and commodity prices are not going to recover any time ...
Aussie trade deficit widens in October
- Deano9999 commented Dec 4, 2013
Have a look at the crosses if you're not understanding the price action. As well as the AUDUSD very oversold, AUDNZD is under intense pressure and poised to break 1.10, and the EURAUD and GBPAUD are both off. This is just normal intra day noise.
Australia International Trade in Goods and Services
- Deano9999 commented Dec 4, 2013
The AUD is already oversold (daily RSI 30) so very unlikely this release would produce another stepdown. The price will likely revert back to the 20ema at 0.9070 which has been a strong support and resistance area. This is no stop hunt, just ...
Australia International Trade in Goods and Services
- Deano9999 commented Dec 2, 2013
"The easing in monetary policy that has already occurred since late 2011 has supported interest-sensitive spending and asset values. The full effects of these decisions are still coming through, and will be for a while yet." Suggests no further cuts ...
RBA Holds Key Rate at Record-Low 2.5% as Currency Pressure Eases
- Deano9999 commented Dec 2, 2013
The key statement is: "The easing in monetary policy that has already occurred since late 2011 has supported interest-sensitive spending and asset values. The full effects of these decisions are still coming through, and will be for a while yet." ...
RBA Statement on Monetary Policy
- Deano9999 commented Dec 2, 2013
Sadly, just another zombie economy, except that the Ukranians aren't going to take up the a&*e likes the Europeans.
Ukraine looks to China for money as debt crunch looms
- Deano9999 commented Dec 2, 2013
Difficult to work out whats happened with the change in data methodology, however this is the post election bounce. November will be much more important.
Australia Retail Trade
- Deano9999 commented Nov 28, 2013
Agree. There are now 3 strong support levels between here and 99. The 50ema on the daily chart is now 99.50 and will be over 100 next week, so any pullback is unlikely to fall below there without a major risk off scenario.
USD/JPY breaks above 102.50, paves way to 103.70 target
- Deano9999 commented Nov 26, 2013
This sounds very emotional Urvishu, and trading should never be emotional. And if you don't know when to exit it means you didn't plan it in advance of placing the trade, which is another error. With regard to your stop, just make sure its placed ...
AUD/USD – Falls to almost Three Month Low below 0.91
- Deano9999 commented Nov 26, 2013
Gee, have a look at the order positioning - huge longs! Almost guarantees the currency will fall without help.
AUD/USD – Falls to almost Three Month Low below 0.91