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- webart replied Oct 12, 2011
Crazy, maybe the unemployment rate in Britain will sober it up a little. If not my next big resistance levels on a longer timer frame (all the short time frame stuff just got blown out the window) is around 10149. I'm not going to jump in front of ...
AUD/USD
- webart replied Oct 12, 2011
Glad I just scalped that last trade. What the made it jump like that ? More promises ? Volatility is one thing, but this is just silly.
AUD/USD
- webart commented Oct 12, 2011
Is that the comment that gave the AUD almost a 100 point errection ? More if, then's, shoulds.
Trichet: July 21 deal and commitments made by Greece should mean it can avoid default
- webart replied Oct 12, 2011
Out of the office for an hour, back to see it sliced through that median like a knife through butter, and then took out the 618 (where my stop was) and still climbing ! That went well. And now we are back to the more powerful parallel line around 70 ...
AUD/USD
- webart commented Oct 11, 2011
I agree, just had someone in asking if I could beat Aildi's price on something. I told him no, but we don't sell that kind of junk (the particular brand). He said nah they all the same (incorrect), if you can't beat then then don't worry. Price ...
China sees trade war if U.S. passes currency bill
- webart commented Oct 11, 2011
Yes we are the junkies and they are the dealers. Unfortunately consumers are the economy.
China sees trade war if U.S. passes currency bill
- webart replied Oct 11, 2011
Bounced 15 points on the first sign of resistance ... its a fairly weak line now that one too. Where do we go now (sweet child of mine !). I think I'll wait until Europe comes online in a bit. Unfortunately busy at work hard to watch it all the time ...
AUD/USD
- webart replied Oct 11, 2011
Problem is that it is everyone doing the same thing that moves the market, everyone shorts it drop. 2 traders can do the opposite thing and still both can loose money ... it's in the stoppes and targets. I think the trick is to pick the spots where ...
AUD/USD
- webart commented Oct 11, 2011
It would take decades to get any country or group of countries to get anywhere close to the manufacturing power of China. The world is dependant on China right now, be it from commodity sales, debt purchase or cheap industry.
China sees trade war if U.S. passes currency bill
- webart replied Oct 11, 2011
hmmm, took me a long time to learn to draw those channels. I spend alot of time on my charts drawing them ... there are other time frames to worry about too, weekly and monthly are powerful, especially at the end of the week / month. Shorting from ...
AUD/USD
- webart replied Oct 11, 2011
Now in a respected down channel. Be nice to see a retrace to the median (also a 50% retracement), I'd jump infront it if it gets up there without fundmentals.
AUD/USD
- webart replied Oct 11, 2011
No nasty surprises in the home loan data and mission complete on that move. Now really must do some work !
AUD/USD
- webart replied Oct 11, 2011
Very interesting data there. Havn't seen open interest in the FX market, not sure how they calculate it as FX isn't centralised like futures. In the Encyclopedia of trading strategies out of everything they tested, only 2 'systems' where profitable ...
AUD/USD
- webart replied Oct 11, 2011
Short 44 next stop around 25 bottom of that upchannel. EDIT - Home loans at 11:30 .. be a gamble to sit through that, looking to close on the bottom of this channel before that for a 20point scalp EDIT +9 stoppes at BE due to home loan data. EDIT ...
AUD/USD
- webart replied Oct 11, 2011
Yeah I'm thinking short side, hopefully we can get some ongoing momentum today. I've got a short order just under 44.
AUD/USD
- webart replied Oct 11, 2011
My charts for this morning. Still in the same range as yesterday and respecting a short term up channel. No trade plans at this point, but I'll be watching with interest around bottom of this upchannel, which would also be a double dottom with ...
AUD/USD
- webart replied Oct 11, 2011
Amazing performance, no loosers ! Forgive me if I am wrong, but arn't these trades posted in retrspect ? I'm just trying to follow on my charts and it's hard without the times you put the trades on.
AUD/USD
- webart commented Oct 11, 2011
Nice comment by the guest ...but remember China dosn't buy the paper out of the goodness of their heart, if they dump it where are they going to put the cash ? US treasury is the safe haven, even with the ratings downgrade and with an appreciating ...
China sees trade war if U.S. passes currency bill