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- 111 Results (77 Replies, 34 Comments)
- Pmd1963 commented Jul 23, 2014
Made 61.5 pips in three minutes. Don't try to predict the news, or the market reaction to the news. Just watch the price action. No more hints than that. You must have large cojones to play this game, though, and be able to take a spanking from time ...
RBNZ raises OCR to 3.5 percent
- Pmd1963 commented Jul 2, 2014
Sounds like a recipe for disaster for the property developers. Unfortunately, when the developers declare bankruptcy none of the buyers will get their money back.
China Developers Offering Home Buybacks in Weakest Markets
- Pmd1963 replied Jun 9, 2014
The problem I see with any yen trade right now is that it is very bimodal. If the US economy keeps picking up steam, and US interest rates rise, then UJ will rise. But if the overbought US stock market has a big correction, or the Nikkei has a big ...
USD/JPY Discussion
- Pmd1963 replied Jun 8, 2014
Nice head and shoulder pattern forming on the one hour chart. That along with resistance at 9350 and trendline resistance on the daily chart at about the same level looks like a good reason to take a short to 9300. Entry order to go short at 9340 ...
AUD/USD
- Pmd1963 replied Jun 3, 2014
GDP surprised me. Waited til after release to trade. Made a few pips on the retrace. That's as good as GDP gets this year, hence the retrace. Markets are forward looking. Rest of year will be all down hill from now. Sell the rallies. Wish this ...
AUD/USD
- Pmd1963 replied Jun 3, 2014
GDP surprised me. Made a few pips on retrace, but if I had been patient would have made a lot more. But that GDP is as good as it gets this year. All downhill from here (long term trend). Sell the rallies.
AUD/USD
- Pmd1963 replied Jun 3, 2014
I think we are at a watershed moment for the AUD. This GDP is going to be the high point for the year. And it is going to miss. Even the current account report, which was positive for GDP, will not be able to offset the fall in inventories. ...
AUD/USD
- Pmd1963 replied Jun 2, 2014
Lower retails sales, less business investment, and fewer housing starts over the last several months suggest GDP is going to miss. Could result in softer tone from RBA as well. Think AUD will drop below .92 this week.
AUD/USD
- Pmd1963 replied May 26, 2014
Draghi's speech today suggested action on monetary policy, if any, would come in the medium term (at least several months). Short term sounds like they are just watching the data and waiting. I am now much more doubtful that there will be any change ...
EURUSD
- Pmd1963 commented May 26, 2014
Short term no action, which means June 5th no change in monetary policy. Time to buy EURUSD for the ride back up.
Draghi: Monetary policy in a prolonged period of low inflation
- Pmd1963 commented May 13, 2014
Goldman says EURUSD to 1.30 by end of year. Buy, Buy, Buy!!!
Goldman: Our Strategy Stance On Euro Area Yields & EUR/USD
- Pmd1963 replied Apr 30, 2014
Short at 9617 target1 9588 target2 9565 USD data should be much better Thursday and Friday.
NZD/USD
- Pmd1963 replied Apr 29, 2014
My guess is large investors selling AUD and buying CAD. Long AUD/CAD as been a big trade all year, but AUD has taken a beating for the last week.
USD/CAD
- Pmd1963 replied Apr 29, 2014
Closed at 1.49 for 40 PIPS. Was painful watching it move against me all day yesterday, but all's well that ends well.
EUR/AUD
- Pmd1963 replied Apr 28, 2014
I am short from 1,4941 (a little too early) with a current target of 1,4900. Am wondering if I should set a lower target, even if it means holding longer ( I don't mind collecting the interest). Would appreciate your opinion as you seem to know what ...
EUR/AUD
- Pmd1963 replied Apr 23, 2014
AUD CPI lower than expectations dragged on NZD, pulling it from 8620 to 8575. Also, last rate hike had a big reaction because NZD central bank had been talking rate hikes for a long time but never acted. When they finally acted it surprised a few ...
NZD/USD
- Pmd1963 replied Apr 23, 2014
Nice one hour bullish engulfing candle in the making this morning.
NZD/USD
- Pmd1963 commented Apr 23, 2014
Still holding longs from last night at .93 (AUD/USD) and .86 (NZD/USD). Taking a bit of a beating but still think the trend is up. USD data looked terrible this AM. Will reflect in charts eventually. NZD interest rate announcement today should also ...
Australia Consumer Price Index