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Rknigh2 replied Aug 7, 2012I'm having a hard time following your thought Chikn haha. From what I see... CAD looks bullish heading toward the top of the channel. USD looks bearish heading toward the bottom of the channel. While the USD/CAD looks bearish toward the test of ...
USD/CAD
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Rknigh2 replied Aug 7, 2012Looking back to the last run below parity, .9960 is my current short TP target. After that, it looks like a nice lack of resistance until .9925. Short term I am fundamentally short USD/CAD until the sidelined cash is back into the market. More good ...
USD/CAD
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Rknigh2 replied Aug 6, 2012The 1540 floor is scaring off all the bears

Bearish Gold thread / Bubble implode thread
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Rknigh2 replied Aug 6, 2012With a P/E of only 11... I have a hard time calling it a bubble even at these psychologically high stock prices. One thing I would mention for staying power of Apple is the number of very young child 3-10 that are growing up exclusively with IOS. ...
Anatomy of a Bubble
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Rknigh2 commented Aug 2, 2012I would go a step further Krun and say he has to be more Hawkish or actually pull the trigger to see a rise in the euro. Non-action with the same talk is probably a sideways movement. If they take their foot off the accelerator... USD and JPY are ...
How the Markets should react to ECB announcement?
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Rknigh2 replied Aug 1, 2012I wouldn't give it that hIgh of a probability and I don't think it's priced into the market yet. Which means the market doesnt expect it or the ECB and US NFP is of far greater concern than any rate cuts. Either way, a rate cut should be good for ...
Aussie Trading Room and Cartoons Gallery
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Rknigh2 replied Aug 1, 2012Rate drops would definitely be positive for AUD against USD or JPY or CHF... probably only mildly though. It would be a moderately expected surprise I think. Essentially it would be a "risk on" move... meaning cash flowing primarly FROM JPY and USD ...
Aussie Trading Room and Cartoons Gallery
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Rknigh2 replied Aug 1, 2012Patients need to have patience.
Aussie Trading Room and Cartoons Gallery
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Rknigh2 replied Aug 1, 2012That's the way flags should work every time! Grats to those that stayed in longer than my little yellow arrow
image Aussie Trading Room and Cartoons Gallery
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Rknigh2 replied Aug 1, 2012Bull Flag forming on 1min AUD/JPY. Bearish divergence also... good luck you short term longs!
Edit: There she goes... hahaAussie Trading Room and Cartoons Gallery
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Rknigh2 replied Aug 1, 2012Exactly. I'm predicting more rhetoric from ECB, markets drop 2-3%. Crap NFP Friday and we see a small 1-1.5% recovery... Can't believe I'm hoping for a dumpy NFP. Side note: Out AUD/JPY Long for 17 pips... 1min MACD reversal at resistance again. ...
Aussie Trading Room and Cartoons Gallery
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Rknigh2 commented Aug 1, 2012All I read was... 60k jobs on friday means markets will be pumped! Let's hope the americans are out of work.
FOMC Statement
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Rknigh2 replied Aug 1, 2012While technically it looks like a decent long... I think it's simply pre-announcement speculation the ECB won't do enough to make the markets happy. Either way, I'm long at 1.0050, stop at parity. If the ECB brings the big guns, well I'll see ya'll ...
USD/CAD
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Rknigh2 commented Jul 31, 2012Only poor people think the markets are rigged... and then they complain about being poor. +232 pips during the past two weeks of risk on/risk off trading. Just because the moves don't make sense to you, doesn't mean they don't make sense.
Got ‘Em On The Run
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Rknigh2 commented Jul 20, 2012From the (apparent) few of us averaging up our short positions... we thank you for your stop loss selling.
EURUSD Free-Falling
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Rknigh2 replied Jul 15, 2012I was just listening to an analyst talk about how if you strip the cash off their balance sheet, they are only trading at 10-11x earnings. Which is historically quite low considering their magnitude and continue to produce innovative products. I'm ...
Apple Bubble?
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Rknigh2 replied Jul 4, 2012So what's the call now that we have seen the break up to 86? I would expect some sideways trading from 80-88. But as long as "good" news comes out of EU, 80 looks like a very solid level, maybe an anxious creep back into the high 90's?
Sweet, sweet Oil
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Rknigh2 replied Jun 16, 2012Agreed. As soon as I understood I don't actually know what's going on and instead I'm now trading my "best guess" my account has grown in leaps and bounds. Well maybe not leaps and bounds... but +20% is fantastic compared to the -85% on the first ...
The Answer: Get stopped out then trade goes in your direction
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Rknigh2 replied Jun 8, 2010A deficit that was/is necessary to stimulate the market and get people/companies spending money again. More accurate finger pointing would be at the investors/companies that made bad bad bad investments and then looked to the government for handouts. ...
USD/CAD