Haha sure man, thx for the encouragement..

no sweat. pray more to God as well. sometimes, u jus need d luck given by God in order to success...

With the recent natural disaster and weak export, do you think AU will go south soon after staying north for so long?

In short term, it may get affected with several considerations:

1. Short term inflation threat due to rising raw material price since low supply on daily necessity including cooking; i.e price for tomato spikes up 20%; potato & banana up 10%
2. Jobs for rebuilding Queensland - job demand up but labour supply low (unemployment rate is at roughly 5%), may trigger rise paycheck
3. Interrupted export - not enough to export especially mining export
4. Money to rebuild
5. GDP will be reduced by 0.3% from estimation
6. Central bank has a tough decision either to maintain current interest rate for rebuilding or to increase for taming inflation

This post has been edited by David83: Jan 16 2011, 12:01 PM

morning~~~

Ohayou

from charts, it already break weekly uptrend, the 1.0200 price during December price is totally manipulation from my perspective.
i've already started to short it....should be a big trend south since it break weekly trendline, if it breaks monthly....then wooohoooo

GU technicals are bad today .... no trade for today ...
What a boring day LOL ....

Heads up ... NY is closed today .... I dont recommend any USD pair to be traded today ...



This post has been edited by luqmanz: Jan 17 2011, 10:58 AM

didnt really see d trendline. but my crystal ball says its time to open position. but d tricky part is, may need to hold for sometime..since not really free till this thursday.. i may skip this. anyway,

IF there is full thrust in d opposite direction. i will open position but d blue trendline MUST hold at dat time.. this is to invite more people goin for d wrong direction XD

so for now.... must holdd aaaa

AU weekly chart.....expect a few hundred pips d
somemore bearish divergence at the 2 peaks

This post has been edited by AllnGap: Jan 17 2011, 11:05 AM

tioo...so fast breakk...rofl.. onli 1 up bar

updated

today EU and GU going south , as market opening on Monday . still holding -ve pips on both pairs

for GJ and EJ ..so far ok , gain +ve on GJ but small correction on EJ, thus i'm still holding -ve on this pair

EU should nose dive d.....triple top on daily chart...... GU just broke weekly chart, should look for LONG when got pullback

EU h1, classical H&S with target measured. It's bad I'm in meeting now. Can't TRADE

Update: Manage to SHORT exactly on the pullback to the resistance line of H&S. It's works well. Now with SL +1

This post has been edited by mphpopular: Jan 17 2011, 04:14 PM

since AU break d trendline. i took NU for trade instead. n went for LONG. profit increase to 45%.. rofl... anyway, still alot upside i can see, but i'll spare it for d late comer

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Added on January 17, 2011, 4:38 pmnow i dunno wanna short AU or not as its really scary when they go full upthrust XD

This post has been edited by low yat 82: Jan 17 2011, 04:38 PM

closed EU @ 70pips, blardy AU reversed the short position

Mine hit SL +1....

AU damn basket !!!!! how can you reversed 100pips so easily !!!!

same ere...got nice profit from au,nu,gu n uj...then reversal...too bad