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07-06-2009, 08:09 AM
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for melbgirl from down under
Yet. Green shoots commentators claim that high unemployment is the only factor that may cause a dip in property prices, ignoring the role of the wholesale foreign funding required to keep the Aussie Ponzi scheme alive and kicking. We put ourselves in hock to foreign creditors to create the illusion of doubling or tripling house prices. Collectively, we are all the Greater Fool.
http://www.debtdeflation.com/blogs/ |
07-06-2009, 08:16 AM
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Yeah, this will be interesting. Still no sign of prices falling, instead 6.1% increase in Melbourne. Good thing I got out of that asset class and I don't have more houses than I need. At one point I had 9 rentals mostly in NZ but none now. I was lucky to sell them at peak prices. In any case, I prefer to own my home at my age as I don't want to be a nomad at the whim of my landlord, we'll see what happens with the prices. The one I'm living in was a great buy so even if prices drop 20-30% I'm in the money. Obviously I did much better in property than shares or currency :-)
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Melbgirl
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07-06-2009, 08:27 AM
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Quote:
Originally Posted by asherewt
Just wanted to share a new chart with very important levels (1.4060 - 1.4070) being identified. The picture is getting clearer now of the long-term trend establishing.
Euro Bulls please take care.
Cheers and happy trading
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Hi Ash! Thanks for warning. Sure - from 13.00-14.00 may see reversal movement |
07-06-2009, 08:30 AM
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A little long from 1,3899 with tight stop, more large waiting at 3878
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07-06-2009, 08:38 AM
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Good call
Good call but be careful IMHO
I got that signal at 1.3880 for Long call but I didnt take it as I will be waiting for the next short trade now (trend is friend  )
Quote:
Originally Posted by Icefox
A little long from 1,3899 with tight stop, more large waiting at 3878
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07-06-2009, 08:51 AM
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Quote:
Originally Posted by asherewt
Good call but be careful IMHO
I got that signal at 1.3880 for Long call but I didnt take it as I will be waiting for the next short trade now (trend is friend ) |
Year, havnt desire to get under the bear paw, but will be catching a big bottom until do it! Dont want to stress my nerves by daily ups&downs))
Thinking more reasonable would be - to catch it on double bottom with tight stop |
07-06-2009, 09:29 AM
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euro /usd
Quote:
Originally Posted by DailyFX Analyst
In our weekly trade or fade we argue that this week may see a rebound in the dollar if for nothing else then for technical reasons alone. The currency is grossly oversold with sentiment widely bearish and in these type of instances even a small upside surprise could trigger a powerful move.
Today we have Consumer Sentiment and Existing Home Sales. If we get better than expected results we may see a test of the 1.3500 figure as shorts try to push the pair lower and probe for the many stops scattered at that level.
What do you think will happen today?
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a close around 1.3972-80 range today and tomorrow a low of 1.3830.this is what i feel. A reversal around 1.3775 with in 2 days time. |
07-06-2009, 09:49 AM
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Interesting
interesting, are you able to post a chart supporting your analysis, that will help for sure
Quote:
Originally Posted by sibi
a close around 1.3972-80 range today and tomorrow a low of 1.3830.this is what i feel. A reversal around 1.3775 with in 2 days time.
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07-06-2009, 09:59 AM
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Quote:
Originally Posted by asherewt
interesting, are you able to post a chart supporting your analysis, that will help for sure
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May be he sees it like this?
Last edited by Icefox; 07-07-2009 at 09:13 AM..
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07-06-2009, 10:21 AM
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i wish i could show you the weekly chart. maximum upside for today is 1.3930 which is already acheived i feel.now the way towards 1.3882 level. and tomarw intra day may be 3780 and a close around 1.3830?
i feel tomarw will be that day when GBP usd show an intra day low below 1.60 were all the long will be inwinded,the same with AUD as well.
Last edited by sibi; 07-06-2009 at 10:28 AM..
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07-06-2009, 12:46 PM
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eur/usd
35 pip profit nice trades, thanks god! shorting the cross at 1.3945 take profit 1.3930, and 1.3920 take profit at 1.3900, so 35 pips is good for me, and this levels are to be careful, we r so close of the classic 1.3880-70 support, and i will short again at 1.3870 targeting 1.3830, and again at 1.3800im sidelined for now, waiting for more selling pressure.
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07-06-2009, 12:50 PM
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jpy break 94??
hey pals..i know this is not jpy forum.
but i just analyse sth & would like to share w u.
frankly dont think jpy will break 9380/9400..cos fundamentally
if reach those lvls, will be v tough for jap export & dont think
jap will allow that happen & will defend those lvls.
my 3cents..cheers panda eyes
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07-06-2009, 01:06 PM
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Quote:
Originally Posted by janusinho
35 pip profit nice trades, thanks god! shorting the cross at 1.3945 take profit 1.3930, and 1.3920 take profit at 1.3900, so 35 pips is good for me, and this levels are to be careful, we r so close of the classic 1.3880-70 support, and i will short again at 1.3870 targeting 1.3830, and again at 1.3800im sidelined for now, waiting for more selling pressure.
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Good for you. You see? You worried too much.
One of the problems of trading Breakouts is that you may get stuck with a trade. Why don't you do the same thing but at levels you are comfortable with? Breakouts are great if they come through. If they don't, like I said, you're stuck with a bad entry.
Anyway, good work.
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Rickos.
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07-06-2009, 01:57 PM
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Enough for today
Quote:
Originally Posted by Icefox
A little long from 1,3899 with tight stop, more large waiting at 3878
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Closing at 3961 - 62 pips is enough for today, tomorrow will be seeking perhaps for new lows.. Doesn't matter what are you holding at the moment - longs or shorts - some sense is in MM or forex timing
Last edited by Icefox; 07-06-2009 at 02:00 PM..
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07-06-2009, 03:58 PM
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more of the same
And again more of the same, eur/usd tested 1.3880 levels, and inmediately rebounds to 1.3980 levels, so now 1.40 is so close, and bearsih view again in trobules, what we need to see eur/usd breaking 13880 and 1.3800 levels, maybe a rule "buying euro will be illegal", cuz dollar still being the same unable to hold gains, and one day gaining , one day being smashed by the double of the last day gains, so tomorrow euro will be at 1.4050 or higher if the history repeats
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