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Discussion in 'Introductions' started by tonyused, 9th Jan, 2008.

  1. tonyused

    tonyused Active Member

    Joined:
    9th Jan, 2008
    Posts:
    32
    Location:
    Perth, Western Australia
    My name is Tony Marchei and because people cannot pronounce my surname they call me TONY THE ACCOUNT.

    That's it I'm an accountant by profession and also a licenced mortgage broker.

    I live in Perth, WA as you can see and hope to meet a lot of you guys on this forum.

    I see by the posts here I can get a lot of information & advice from you all. And I'd like to give any help I can to others in my professional capacity.

    Maybe a bit of networking as well. If anyone is in business hers can they offer me & my clients any professional services wheb required and, if I can offer any members here my accounting, business advice & mortgage broking services.

    Regards.
     
  2. Jacque

    Jacque Team InvestEd

    Joined:
    16th Jun, 2005
    Posts:
    1,885
    Location:
    Sydney
    Hi Tony and welcome to the forum :)

    So have you invested yourself? I know WA is cooling off after a burst of extraordinary growth as far as RE is concerned- would be interested to hear your thoughts on the current state of the market.
     
  3. tonyused

    tonyused Active Member

    Joined:
    9th Jan, 2008
    Posts:
    32
    Location:
    Perth, Western Australia
    Yes house prices here in WA are very high, brought on by the resources, mining boom & immigration here.

    Last weekends newspapers reported prices of RE will drop 10% based on the fact that properties are taking about 90 days to sell now instead of 37 days a few months ago.

    I have two properties I rent out in Melbouren from the days I lived there. I have a commercial uit in Perth which I use for my Accounting Morgage Broking business.

    I also do some investing in shares & Forex trading.

    I enjoy the Forex trading the most as this gives my the opportunity to keep up with world financial, economic & political news, which all affect currency values.

    Anyone else here into Forex trading?
     
  4. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,394
    Location:
    NSW
    "Anyone else here into Forex trading?"

    Yep...:D
     
  5. tonyused

    tonyused Active Member

    Joined:
    9th Jan, 2008
    Posts:
    32
    Location:
    Perth, Western Australia
    Well it's nice to meet you Tropo.

    I've been playing the USDCAD pair the last week, buying USD on dips below parity & closing position when above parity. Getting a few pips that way.

    If it keeps going like that I'll be OK. Parity with this pair seems to be a big psychological level.

    What are your thoughts and any trends you been following?
     
  6. Tropo

    Tropo Well-Known Member

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    17th Aug, 2005
    Posts:
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    Location:
    NSW
    Hi tonyused,
    I do not play USD/CAD but watch 1.025, it may reverse or shoot to 1.049.
    Round numbers are always psychological levels.
    Right now I am sitting on the fence testing new ideas (it takes time).
    Happy Trading.:p
     
  7. tonyused

    tonyused Active Member

    Joined:
    9th Jan, 2008
    Posts:
    32
    Location:
    Perth, Western Australia
    Did you mean 1.0025? The USDCAD went from about 1.0025 to 1.0120 overnight.
    The drop in the reported Canadian housing starts helped the USD here.

    You are right, if you want round numbers then 1.0000 is the mother of them all.
     
  8. tailcat

    tailcat Well-Known Member

    Joined:
    18th Jun, 2007
    Posts:
    96
    Location:
    Yeppoon
    These look a little square to me........
     
  9. Tropo

    Tropo Well-Known Member

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    17th Aug, 2005
    Posts:
    3,394
    Location:
    NSW
    It seems that USD/CAD is on the move to hit 1.0247 (1.025=another round number :rolleyes:)
    That is what I am talking about.
    Have fun :p
     
  10. Tropo

    Tropo Well-Known Member

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    Location:
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    To me they are almost round.:p
     
  11. Rod_WA

    Rod_WA Well-Known Member

    Joined:
    18th May, 2007
    Posts:
    324
    Location:
    Inglewood, WA
    I reckon it's a round number if you can say it in general conversation and not sound like a poindexter, eg compare
    "There'll be a lot of buying at 1450"
    with
    "There'll be a lot of buying at 1452"

    "Round number theory" is alive and well.

    Edit: Unfortunately there wasn't much support at 1450 or 1452! But 1400 seemed to hold up ok!
     
  12. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,394
    Location:
    NSW
    "But 1400 seemed to hold up ok!"


    Another round number...:D
     
  13. Rod_WA

    Rod_WA Well-Known Member

    Joined:
    18th May, 2007
    Posts:
    324
    Location:
    Inglewood, WA
    Just "rounder" :D