side ways, but its good bargain... shld buy in dips

enough of shorts today.

GU - S2 1.58800 holding in 240TF . buying in dips

UJ is racing down to Oct31 pre-intevention level.

dont think UJ will have the power to rise without BOJ coming in...

dont think BOJ will come in unless it reaches extreme level.. testimony from the last 3 intervention including the G7 concerted session.

safe haven is the grab since Euro is in hot shit

hence... am collecting UJ shorts. tp 75.800

while the 240TF chart looked pretty alright to go in (which i did), watch out for 530pm later today... UK's CPI & core CPI forecast to be lower....

UK's CPI (MoM) out... worse than forecast

forecast 0.2%
actual 0.1%
previous 0.6%

only core CPI better.

Anybody has a copy of TheStar paper today? I cant get my hand on 1... those who read, can share whats the idea of it?

http://thestar.com.my/news/story.asp?file=...0922&sec=nation

predict? Are u trading with a crystal ball?

anyhow, RBA expected to cut rates to 4.25% - Tuesday 11:30am . Those who long AU, pray hard hard no rate cut... Those who short AU, if those prayers (by traders who long AU) get answered, then be prepared to head north & pay lots of rollover

For me, I'll test out Straddle Trade @ around 11am. Such big news is worth the test.

http://au.finance.yahoo.com/news/-A-slight...567769.html?x=0

This post has been edited by nemoexcel: Dec 5 2011, 08:49 PM