Ok, first rule, I am only looking at the Long side of Aussie dollar (AUDUSD) and GOLD. Are we going to have rate cut in the coming month? Nah, I don’t think so. In fact, I have no idea what on earth is the new government doing now. Whatever…
Anyway, for trading purposes, I feel 0.96-ish is a pretty nice Long entry zone. I am waiting for entry setup to form.
Here is the …. CHART!
[photopress:audusddaily.gif,full,1]
Here’s the statistics
[photopress:audusddaily_trend_1.jpg,full,1]
[photopress:golddaily_1.gif,full,1]
Here’s the statics
[photopress:Golddaily_trend_1.jpg,full,1]
Hi TG, have you seen Oanda’s new pages on the economic indicators. Pretty cool:
http://fxtradeinfocenter.oanda.com/fxeconostats/?country=Australia&category=
Looks like 5% carry in your favour on AUD. That would be a nice cushion for an outright cash position. I’m a bear talker on gold and AUD, but over a much longer horizon than what could rightly be called ‘trading.’
: )
Caravaggio,
Man, cool stuff! Thanks for that.
I totally understand your bearishness of AUD over the ‘non-trading’ time frame. 🙂
I am not totally positive on the economic perspective of Australia. But, well, for a small currency trader like me, riding the the wave is more important than my personal view..I guess 🙂
Hi TG, have you seen Oanda’s new pages on the economic indicators. Pretty cool:
http://fxtradeinfocenter.oanda.com/fxeconostats/?country=Australia&category=
Looks like 5% carry in your favour on AUD. That would be a nice cushion for an outright cash position. I’m a bear talker on gold and AUD, but over a much longer horizon than what could rightly be called ‘trading.’
: )
Caravaggio,
Man, cool stuff! Thanks for that.
I totally understand your bearishness of AUD over the ‘non-trading’ time frame. 🙂
I am not totally positive on the economic perspective of Australia. But, well, for a small currency trader like me, riding the the wave is more important than my personal view..I guess 🙂