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241 Posts Total by "callum":
177 Posts by member
Callum
(Singapore, Singapore)
64 Posts by Anonymous "callum":
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Callum
Singapore, Singapore
Posts: 179
14 years ago
Feb 18, 2010 3:44
In Thread: Aussie Dressed up but where to Go?
RBA was propping / purchasing middle last year and their disclosed in December 2009 of their November activity where they become net-sellers of AUD last year. Evident at that time when the correlation broke with other ccy pairs and equity. As for today's trade, I also closed from my AUD/USD shorts around same area and looking at re-entry points at the next bid up. Where do you get money flows data? I once used a broker that had subscription to flows data, I don't use them anymore, but it was useful data.
Callum
Singapore, Singapore
Posts: 179
14 years ago
Feb 17, 2010 20:28
In Thread: Capping Euro's Rebound
EUR/USD had a pretty muted reaction at the FOMC minutes release, either that was expected / normal or ccy pair already made its move ahead of the FOMC release. EUR/JPY rapidly moved back into the 124 levels again. Any likely-hood of EUR/USD breakout below 1.36 in the remaining NY trading session? Asian session I am guessing could bid it higher as it normally does?

@pippedoff, I am assuming you are saying that the those in power are able to bid markets higher this NY session, and likely to continue into the Asian session.
Callum
Singapore, Singapore
Posts: 179
14 years ago
Feb 17, 2010 10:33
In Thread: Aussie Dressed up but where to Go?
@Pippedoff, what's your view on the speculators who prop the AUD pre RBA interest-rate announcement. I have observed a behavior whereby the AUD going-up ahead of the interest rate decision, and a total dump of the AUD on the day of announcement - hike or no-hike. How much of that you think is in play esp given relatively thin asian volumes this week? Also, I also am keen to get your observation upon the return of the post-Chinese New Year cycle and whether you see another spike in resources/AUD. I suppose if, for whatever reason, the AUD/USD manages to stay above 89/90 this week, next week's China comeback splurge could prop the AUD / USD into the NAB/Westpac 93 targets.
Callum
Singapore, Singapore
Posts: 179
14 years ago
Feb 16, 2010 18:42
In Thread: Aussie Dressed up but where to Go?
@AVG, I am sorry to hear your story. Check out classic book from Dr. Elder. It helped me in my early days. Look under Trading Psychology sectionhttp://bit.ly/98u4Hl
Callum
Callum
Singapore, Singapore
Posts: 179
14 years ago
Feb 16, 2010 16:40
In Thread: Gold & Yen's Perfect Desert Storm
#Gold It be interesting to see if Gold breaks ~1124 which is the 3-Feb high. It's also approaching the upper B. band of 1123 on daily chart. I suppose a break above this would test 50% / 61.8% retracement levels off the peaks.
Callum
Singapore, Singapore
Posts: 179
14 years ago
Feb 15, 2010 8:32
In Thread: $1.32 Euro Under Construction
This week is busy with CPI numbers. Is this sufficient to trigger the EUR/USD 132 on top of existing debt risk from PIIGS?
Callum
Singapore, Singapore
Posts: 179
14 years ago
Feb 12, 2010 2:05
In Thread: GBP Trade Index 18-Year Chart
@Chloe, @Mont - I share your sentiments with USD/CAD trading. I was on short since last Friday (1 week ago) and I closed off my earlier this week with small profit, and didn't have the patience to wait through the week for the second round of drop. It's been a stubborn ccy pair to trade, but tight ranges also buffers losses. I am assuming most of you trade USDCAD as an Oil trade -- as I prefer playing with CAD/JPY. I also like Oil trade. And sometimes easy to speculate / gamble for fun - eg, sitting at home on weekend watching the snow storms in US - I put in working orders to buy Oil, ie, buy CAD esp if it has been oversold zone. --Callum
Callum
Singapore, Singapore
Posts: 179
14 years ago
Feb 11, 2010 19:01
In Thread: GBP Trade Index 18-Year Chart
@pippedoff, "...We will have violent counter-trend consolidations as the GOLDman Sachs of the world once again do all they can to get everyone overconfident and fully-invested..."

So therefore, timing wise, I am guessing Chinese have squared bit of their positions and put fresh upon returning from long spring festival / Chinese New Year holidays. Several other market here in Asia, although much smaller than China, probably not big enough to make any impact, will be also closed for several days, but I am more interested on the cumulative lack of volume from Asia in those days of holiday overlaps pan-asia.

I haven't analyzed volume during the Chinese spring festival / Chinese New Year, and therefore, wondering whether we will have any material impact on trade with potentially thin volume.

I would love to hear views on to expect for the current forex market this major Asian holiday season. Asian indices in general trade higher just before the Chinese New Year, but these are not normal times....

Callum
Callum
Singapore, Singapore
Posts: 179
14 years ago
Feb 11, 2010 18:09
In Thread: Aussie Dressed up but where to Go?
Hope you guys also traded AUD/EUR.. I just happened to look at the yearly chart, and notice how AUD/EUR higher than the 5 year high, breaking the 2007 peak.... Callum Bir
Callum
Singapore, Singapore
Posts: 179
14 years ago
Feb 11, 2010 6:39
In Thread: Aussie Dressed up but where to Go?
@Edric Ou, I trade full-time and sometimes overtime in sunny Singapore and happy to connect :-)
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