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Re: [RT] Gold (December)

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Earl in the big scheme of things AUD could get down to .73 against the US, It is a sell the rally market, yes she is a violent currency to trade and always squeezes you out of your shorts, the key is to always get back in. When she moves she moves quickly.
 
Economic data has been very mixed in Australia - GDP weak at 1.9%, yet unemployment at 4.9% strong , retail sales at 6.2% annualised and credit consumption above 10%. The RBA I believe will still keep cash at 6% for year end. The consumer is in debt.
 
One market I really dont like is the FTSE100 .
 
cheers
sue
----- Original Message -----
From: EAdamy
Sent: Friday, September 08, 2006 11:35 PM
Subject: RE: [RT] Gold (December)

Sue,
 
Gold is suggesting you are correct in your assessment of AUD. Australia is big on natural resources and its currency often reflects price trends in the natural resource markets. I am now short AUD. Hope it works out better than gold but mistakes and stops go together.
 
Earl
 
-----Original Message-----
From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx]On Behalf Of sue crew
Sent: Thursday, September 07, 2006 6:33 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] Gold (December)

Earl you can't be brilliant all the time.
 
Your call on equities and AUD pretty good - I am very bearish AUD market
 
cheers
sue
----- Original Message -----
From: EAdamy
Sent: Thursday, September 07, 2006 10:45 PM
Subject: RE: [RT] Gold (December)

Stopped out.
 
Earl
 
-----Original Message-----
From: realtraders@yahoogroups.com [mailto:realtraders@yahoogroups.com]On Behalf Of EAdamy
Sent: Thursday, September 07, 2006 6:14 AM
To: realtraders@yahoogroups.com
Subject: RE: [RT] Gold (December)

Sue,
 
The lack of selling volume on the lower low should be bullish as is the break above the TL. Am lightly long and looking for the TL to hold as support. I will get more bullish if price confirms by moving up.
 
Earl
 
-----Original Message-----
From: realtraders@yahoogroups.com [mailto:realtraders@yahoogroups.com]On Behalf Of sue crew
Sent: Wednesday, September 06, 2006 7:19 PM
To: realtraders@yahoogroups.com
Subject: Re: [RT] Gold (December)

Hi Earl are you saying sell Gold.?
 
Also Earl I would love your view on the AUD against the USD ?
 
cheers
Sue
 
 
----- Original Message -----
From: EAdamy
Sent: Thursday, September 07, 2006 10:49 AM
Subject: [RT] Gold (December)

Here's another interesting trade. Note the volume on the last two lows with absence of selling volume on the last, lower low. Upside trendline break followed by a retest. Entry on the retest with add on the breakout. Favorable seasonality.
 
Earl
 

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