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  1. #1
    Administrator Martin Kay's Avatar

    New Tips by Richard - AUD/USD,DAX. Weekly and Hourly Expiry 11/26-12/3/2012 !!!

    Hi guys, new tips by Richard, this time the DAX and AUD/USD. Hourly and Weekly expiry, check it out!

    Originally posted by Richard Cox. Click here for the full weekly trading briefing.

    1. Assuming the next loan tranche is given to Greece without a hitch, the DAX will likely see a pop into the upper 7300s before stalling. I will be looking for hourly PUTS if prices can rally into 7390. I would avoid longer term positions here, given the positive momentum that was seen in stocks last week. Longer term target is a break back below 7000.

    2. Upward momentum in the AUD/USD could send prices into the upper 1.04s but if we see 1.0480 trade, I will be looking to enter into weekly PUTS in anticipation of weakness in the higher yielding currencies. Downside target is 1.0340, medium term.


  2. #2
    Master Member vinayakm's Avatar
    I think this nicely laid out the menu for the next week for us traders with a complete look at what is happening across the globe. This is actually the first time that I have come across hourly trades on this site.
    I disagree that the DAX will decline after any short term blips upward due to the Greek loan. The 'December Effect' will make stocks surge again and this is a good time for calls on the S&P500 too.

  3. #3
    Specialist Member RCox's Avatar
    Quote Originally Posted by Martin Kay View Post
    Hi guys, new tips by Richard, this time the DAX and AUD/USD. Hourly and Weekly expiry, check it out!
    The weekly High in the AUD/USD hit the PUT entry level and saw a further rise of only about 8 points before reversing lower. Currently we have seen a drop back into the 1.0430s and there is nothing wrong with closing out this trade before the end of week position squaring creates more volatility.

    The DAX entry was also hit, and prices are currently trading about 10 points higher. It looks like we are stalling out here so moving into Friday, traders can opt for Daily PUTS, in anticipation of a lower close for into the end of the week.

  4. #4
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by RCox View Post
    The weekly High in the AUD/USD hit the PUT entry level and saw a further rise of only about 8 points before reversing lower. Currently we have seen a drop back into the 1.0430s and there is nothing wrong with closing out this trade before the end of week position squaring creates more volatility.

    The DAX entry was also hit, and prices are currently trading about 10 points higher. It looks like we are stalling out here so moving into Friday, traders can opt for Daily PUTS, in anticipation of a lower close for into the end of the week.
    Puts are good for short term trades right now but with the underlying trend still bullish I think it is still too risky. The Dax continued its rally today and is (at this time) still well above your target entry. December effect, Santa rally, US GDP, special dividends, Greek resolution and China data all support market strength. I would look for any stall here to form a consolidation pattern in preparation for another leg up to retest/break resistance.

  5. #5
    M.J
    M.J is offline
    Veteran Member M.J's Avatar
    Both analysis were correct. We saw that aud/usd crossed 1.048 on 26/27 nov which was a good opportunity to enter trade.
    DAX moved with normal pace till the end of 28th nov and then an unstoppable bullish trend starts.

    Looking forward to ur analysis on monday.

  6. #6
    Master Member vinayakm's Avatar
    Quote Originally Posted by RCox View Post
    The weekly High in the AUD/USD hit the PUT entry level and saw a further rise of only about 8 points before reversing lower. Currently we have seen a drop back into the 1.0430s and there is nothing wrong with closing out this trade before the end of week position squaring creates more volatility.

    The DAX entry was also hit, and prices are currently trading about 10 points higher. It looks like we are stalling out here so moving into Friday, traders can opt for Daily PUTS, in anticipation of a lower close for into the end of the week.
    I agree with a lot of the points that were put forward by Michael Hodges. It all points to a bullish season for stocks in the month of December. I guess I might be biased too as I am greatly looking forward to my Christmas bonus!
    The Santa Rally is still some time away so puts on the DAX given the situation in Europe is a profitable trading idea.
    But in reality, I expect the situation in Europe to worsen even though the UK has picked (although, it seems temporary).
    However, I had some success with the calls on the Eur/USD last week.

  7. #7
    Senior Member Grae's Avatar
    AUDUSD is at a decision point for me. If it plays according to the uptrend chanel, then its a CALL. If it falls through (support tested Fri) I will aim for 1.035

  8. #8
    Senior Member Grae's Avatar
    Quote Originally Posted by vinayakm View Post
    I think this nicely laid out the menu for the next week for us traders with a complete look at what is happening across the globe. This is actually the first time that I have come across hourly trades on this site.
    I disagree that the DAX will decline after any short term blips upward due to the Greek loan. The 'December Effect' will make stocks surge again and this is a good time for calls on the S&P500 too.
    The S&P is on a good bullish roll. Taking CALLs is prudent.

  9. #9
    Senior Member Grae's Avatar
    Click image for larger version. 

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    AUDUSD Proceeds with the bullish run

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