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    From abs.gov.au Story is in PDF Format

    AUGUST KEY POINTS CURRENT PRICES •The trend estimate rose 0.2% in August 2014. This follows a rise of 0.2% in July 2014 and a rise of 0.2% in June 2014. •The seasonally adjusted estimate rose 0.1% in August 2014. This follows a rise of 0.4% in July 2014 and a rise of 0.6% in June 2014. •In trend terms, Australian turnover rose 5.0% in August 2014 compared with August 2013. •The following industries rose in trend terms in August 2014: Food retailing (0.3%), Cafes, restaurants and takeaway food services (0.3%) and Other retailing (0.2%). Household goods retailing was relatively unchanged (0.0%). Department ... (full story)

see ya in the land down under aussie
lol...must be some really thin markets. Or the market makers just hammered some longs. Just more proof that selling the rallies is the way to go with Aussie!
Quoting PA is King
lol...must be some really thin markets. Or the market makers just hammered some longs. Just more proof that selling the rallies is the way to go with Aussie!
Yes sir. My Christmas bonus came early this year.
Quoting Forextrapain
Yes sir. My Christmas bonus came early this year.

hehe...I thought we would wait until Friday to get a good move down. But I guess tonight is as good as any other.
Time to take out January's low of .8659!!! Da Bears! lol
Quoting PA is King
Time to take out January's low of .8659!!! Da Bears! lol
So whats your trigger point to stop shorting Aussie and switch back to going long....or cant you see that far out LOL
consolidating now. waiting for a small push up than another short.
Funny how when you people are long AUD and bad data comes and it goes up it's all about price action, but when you're short and bad data comes and it goes down it's all about the data. How's are your accounts in the long term... my bet is they are in the red.
Quoting Fush n Chups
So whats your trigger point to stop shorting Aussie and switch back to going long....or cant you see that far out LOL

When the trend changes...plain and simple. Happy Trading!
Quoting Hot4Pips
Funny how when you people are long AUD and bad data comes and it goes up it's all about price action, but when you're short and bad data comes and it goes down it's all about the data. How's are your accounts in the long term... my bet is they are in the red.

I find it quite funny that A/U has sold off nearly 80pips on retail data. In fact, I don't think that's the reason at all. The trend changed (for me personally based on how I trade) when the daily candle closed below .9200 at the beginning of September. Also, I always tell people to trade price action and ignore the actually news numbers...News is just there to get the price moving, Good news doesn't mean price will go up and vice versa. Cheers!
Quoting Hot4Pips
Funny how when you people are long AUD and bad data comes and it goes up it's all about price action, but when you're short and bad data comes and it goes down it's all about the data. How's are your accounts in the long term... my bet is they are in the red.
Based just on your statement alone, I never lose a trade.

If I am long, and the price goes up, I win.
If I am short, and the price goes down, I win.

So, go back and study what you just said, then you'll see why PA works more times than not. On and never bet on red. It's bad luck. ;D
I remember Glenn Stevens mentioning quite some time back that 0.8500 was the exchange rate that RBA was looking at. Seems to be coming true.
Just like in the case of EURUSD. ECB (Draghi) wanted euro lower and they have it.
The Big guys(Central Banks) always get what they want.
Leaders don't do different things, but they do the same things differently.
Quoting PA is King
I find it quite funny that A/U has sold off nearly 80pips on retail data. In fact, I don't think that's the reason at all. The trend changed (for me personally based on how I trade) when the daily candle closed below .9200 at the beginning of September. Also, I always tell people to trade price action and ignore the actually news numbers...News is just there to get the price moving, Good news doesn't mean price will go up and vice versa. Cheers!
Cheers to you PA. I know you called for short at 92 and you were 100% correct on that.
I'd really like to see .8660 broken and see how many stops are tripped(whether it's a lot or just a few)...would be interesting to see how price reacts.
Quoting Forextrapain
Based just on your statement alone, I never lose a trade.
Seems we have a language barrier, I don't know what "never lose a trade" means.
  •  Guest
  • | IP XX.XXX.5.227
As indicated elsewhere and having been in the forefront of calling this trend (when the more inexperienced actually thought they were trading a rising AUD) I shall from this point on give some indication from time to time of actual levels both intraday and longer-term. Just to share my profound insights based on an approach alternative to the trite disciplines.

Intraday: Circa 0.86615 - 0.86491 should absorp (stanch) the selling and return the pair to range with an upper limit of circa 0.87354 (resell level intraday).

Longer-term: We maintain our key objective of 0.69000 and find the behavior of the new monthly candle in cohort consistent with sustained downfalling and 0.80940 doable. There is of course always a chance of some corrective play at some point but nothing emergent in that sense noticed at this time.

The Crow (-_-)
Where does a guy go on this site to get these comments and commentaries from seasoned traders before these big moves, so a guy can learn what the heck he is doing?
Quoting PA is King
I'd really like to see .8660 broken and see how many stops are tripped(whether it's a lot or just a few)...would be interesting to see how price reacts.
the aussies are getting what they want, so nothing unusual there....

does make for very easy pips......
Quoting Hot4Pips
Funny how when you people are long AUD and bad data comes and it goes up it's all about price action, but when you're short and bad data comes and it goes down it's all about the data. How's are your accounts in the long term... my bet is they are in the red.
Quoting Hot4Pips
Seems we have a language barrier, I don't know what "never lose a trade" means.
Read your statement again. If I am long, and the price goes up, I win. If I am short, and the price goes down, I win. It's just like you said. That is how to profit at Forex. The only difference with PA is you don't really care about the stupid news, as it is usually just a short blip on the radar, and then it's back to business as usual. Other than something like another 9/11, there is really no news that is going to flip the market on it's heels. The news that came out last night only caught me by surprise, as I forget to check what was on the calender. After the little stint was over, it was back to the trend, and I have cashed in five short AUD positions since then. So, when you say that if the data......who cares? The news and data they produce is going to do something, but not with any lasting results. Follow PA trading, and you'll be ahead of at least 50% of the people on FF. Don't believe it, watch Friday just before the NFP comes out. They'll be on here squawking like hens, trying to figure out whether to "gamble" on black or red. There is no strategy to that. It's just pure luck. The hedges and the MM see what the average retailer is speculating, and they will try to go against it all the time. That is why 95% fail. They gamble instead of trade.
Quoting zax1150
the aussies are getting what they want, so nothing unusual there....

does make for very easy pips......
Yes it does. I am now on my sixth Christmas bonus today from them. It's been such a good day that I am now going to bed with visions of sugar plum fairies dancing in my head. LOL
Quoting Forextrapain
Yes it does. I am now on my sixth Christmas bonus today from them. It's been such a good day that I am now going to bed with visions of sugar plum fairies dancing in my head. LOL
Congrats on getting your early Christmas bonus 6 times.
Enjoy the fruits of your labor and knowledge.
Leaders don't do different things, but they do the same things differently.
Quoting PA is King
I find it quite funny that A/U has sold off nearly 80pips on retail data. In fact, I don't think that's the reason at all. The trend changed (for me personally based on how I trade) when the daily candle closed below .9200 at the beginning of September. Also, I always tell people to trade price action and ignore the actually news numbers...News is just there to get the price moving, Good news doesn't mean price will go up and vice versa. Cheers!
I remember you were calling for buying a couple of months ago when the pair was above 93. at that time i told you that month's short weekly strong short, do you remember???
The key to making money is to stay invested.
Quoting 111ForexGuru
Congrats on getting your early Christmas bonus 6 times.
Enjoy the fruits of your labor and knowledge.
Thank you. I just wish everyday was Christmas. A stocking full of pips for everyone. LOL
Quoting Forextrapain
Yes it does. I am now on my sixth Christmas bonus today from them. It's been such a good day that I am now going to bed with visions of sugar plum fairies dancing in my head. LOL
good to see ........always nice to exceed requirements
Quoting Forextrapain
Read your statement again. If I am long, and the price goes up, I win. If I am short, and the price goes down, I win. It's just like you said. That is how to profit at Forex. The only difference with PA is you don't really care about the stupid news, as it is usually just a short blip on the radar, and then it's back to business as usual. Other than something like another 9/11, there is really no news that is going to flip the market on it's heels. The news that came out last night only caught me by surprise, as I forget to check what was on the...
Oh now I see. You are the new genius. Thanks for bringing the light. You and Dancing Phil have this forex thing all figured out and are raking in the millions.
Quoting Hot4Pips
Oh now I see. You are the new genius. Thanks for bringing the light. You and Dancing Phil have this forex thing all figured out and are raking in the millions.
lol......nothing like a little levity...

on a minor note though if you had read the singapore post the week before 9/11 you to would have been shorting US stocks
Quoting Hot4Pips
Oh now I see. You are the new genius. Thanks for bringing the light. You and Dancing Phil have this forex thing all figured out and are raking in the millions.
No. Let me say this again. If i am long and the price goes up, I win. Understand? If I am short, and the price goes down, I win. Understand? Now, please enlighten all of us on how you do it, as that would be very interesting, to say the least. If you can't follow what I am saying, go read your original statement again. You'll see that you were criticizing us for following PA stating "Funny how when you people are long AUD and bad data comes and it goes up it's all about price action, but when you're short and bad data comes and it goes down it's all about the data. " That was your statement. We trade trends. If the news goes with us, we ride the tide. If it's going against us, we buy a new position at the other end, then ride it back, with the original. Understand? I told you that news does not matter. It is nothing more than a blip, and then the trend continues. Usually, if I catch it in time, I'll add another position, just to catch more pips. I just don't understand why this is so hard for you to follow, since it was you that made the statement to begin with. Oh well. You keep doing it the way you're doing it, and I wish you well. I will give you some advice. If you are in a long position, and the price goes down, and you think that that is good, you are doing it wrong.
Quoting Forextrapain
No. Let me say this again. If i am long and the price goes up, I win. Understand? If I am short, and the price goes down, I win. Understand? Now, please enlighten all of us on how you do it, as that would be very interesting, to say the least. If you can't follow what I am saying, go read your original statement again. You'll see that you were criticizing us for following PA stating "Funny how when you people are long AUD and bad data comes and it goes up it's all about price action, but when you're short and bad data comes and it goes down it's...
I wish you well also.
Quoting zax1150
lol......nothing like a little levity...
It's just frustrating when a newbie comes on here, and instead of trying to gather information, so as to learn, they start by bashing the way someone else does things. There is no wonder 95% fail.
Quoting Forextrapain
It's just frustrating when a newbie comes on here, and instead of trying to gather information, so as to learn, they start by bashing the way someone else does things. There is no wonder 95% fail.
Are you talking about me.. as in the "newbie"?
Quoting Hot4Pips
Are you talking about me.. as in the "newbie"?
Yes, and if you need help, I'll try, but bashing gets you no where.
Quoting Forextrapain
Yes, and if you need help, I'll try, but bashing gets you no where.
You've been here for less than 2 months jackass. I've been here for 2.5 years.
Quoting Forextrapain
It's just frustrating when a newbie comes on here, and instead of trying to gather information, so as to learn, they start by bashing the way someone else does things. There is no wonder 95% fail.
Every trader starts with a different mindset, unfortunately most want either a auto (bot) to do their thinking for them or a "guru" to tell them when to trade.....sad really...

in the trade algo's are used to identify forthcoming positions, the trader makes the conscious decision to enter the trade not the algo

& FYI the fine for unlicensed advising when to enter or exit trades is seriously nasty max being $20mil......& a traders licence is NOT an advisor's licence .....
Quoting Hot4Pips
You've been here for less than 2 months jackass. I've been here for 2.5 years.
WHAT? I would not advertise that too loudly. Oh yeah, and the whole jackass thing. I'll let that one slide since you're a newbie and all. Just don't let it happen again. If you have been on here for that long, and still can't grasp how longs and shorts work, there may not be help for you. Plus, I didn't know that the length of time spent as a member of a website qualifies you as a better trader, but I'll let you stick with that concept. SMH

Wow, a whole 2.5 years. That's impressive. You must be so proud. Well, pride don't pay the bills, rookie, so start learning how to trade, and when you get twenty years under your belt, call me. I'll let you in on some more information.
Quoting Forextrapain
Yes, and if you need help, I'll try, but bashing gets you no where.
This is a quote from you 33 days ago...

"I will take luck in forex over my (lack of) skill, anyday."

Why would I want your help? Fookin' priceless!
Quoting zax1150
& FYI the fine for unlicensed advising when to enter or exit trades is seriously nasty max being $20mil......& a traders licence is NOT an advisor's licence .....
Who does that?
Quoting Hot4Pips
This is a quote from you 33 days ago...

"I will take luck in forex over my (lack of) skill, anyday."

Why would I want your help? Fookin' priceless!
Wow, see, now you're getting better. You learned how to copy and paste a joke. EEEEEEEEWWWWWWWWW. I'm impressed. Now, quit playing with the kiddy stuff, you have learning to do.
Quoting Forextrapain
Wow, see, now you're getting better. You learned how to copy and paste a joke. EEEEEEEEWWWWWWWWW. I'm impressed. Now, quit playing with the kiddy stuff, you have learning to do.
Thanks for the entertainment.
Quoting Hot4Pips
Thanks for the entertainment.
No problem, but I have to admit that it is kinda creeping me out that you actually went through and read all my old posts looking for that joke. That's not normal behavior. Anyway, glad we had this little chat. Let's do it again, say......never.
Quoting Forextrapain
Who does that?
that's easy name a regulatory body,
controls for traders moonlighting is very tight,
my predecessor decided to make some personal trades whilst @ work.......

result = blacklisted, lost licence & fined £800k
Quoting zax1150
that's easy name a regulatory body,
controls for traders moonlighting is very tight,
my predecessor decided to make some personal trades whilst @ work.......

result = blacklisted, lost licence & fined £800k
I'm not talking about who fines someone. I was asking if you knew someone on this sight that was giving out signals. So far, I haven't seen anyone, except the news articles themselves.
enough trolling...lets short this baby
Quoting thelostpip
enough trolling...lets short this baby
Good enough
Quoting Forextrapain
I'm not talking about who fines someone. I was asking if you knew someone on this sight that was giving out signals. So far, I haven't seen anyone, except the news articles themselves.
My bad.........

actually you'll find quite a few on FF "guru's"

I like the old description of experts
"ex is a has been, spurt is a drip under pressure"
Quoting thelostpip
enough trolling...lets short this baby
Sounds good to me. Been doing just that for quite a while now, and I must say, it's a fine choice to make. Happy Trading.
Quoting zax1150
My bad.........

actually you'll find quite a few on FF "guru's"
I have met some very fine traders on this site over the years, but you're right, some of the "gurus" are risky, at best. It's like anywhere else. You learn who to listen to, and who to just cut up with, but never follow their advice. Some may be long on AUD right now. They should be back around early spring. LOL
Quoting Forextrapain
I have met some very fine traders on this site over the years, but you're right, some of the "gurus" are risky, at best. It's like anywhere else. You learn who to listen to, and who to just cut up with, but never follow their advice. Some may be long on AUD right now. They should be back around early spring. LOL
I always find it strange they charge for their advice, yet if they were as good as they say they are why would they not be trading......most are unlicensed
& running their sites from countries without serious regulatory bodies

personally I know their are some very simple methods & fairly solid indicators in the retail sector that should allow you to double your account on a weekly basis
hit it now!!! 8700 and cant close above!!! short short short!!
AUD/JPY Strong Support @ 95.132 Going Up
Quoting Mafia
I remember you were calling for buying a couple of months ago when the pair was above 93. at that time i told you that month's short weekly strong short, do you remember???

There where multiple people who told me to short months ago. But yes, I was bullish on Aussie for most of the year since it was trending up and then consolidated sideways. And if you recall, I also kept saying that once price closed below .9200 on the daily I would change to bearish and sell the rallies. That's just how my trading style/method works. I'm typically not the first one in at the beginning of a trend change.

The Crow was another one saying to short a month or two ago....so credit to both of you and anyone else who shorted. Many pips to all!
Looks like we hit some resistance around .8725ish...which happens to be the 1hr 50ma. I'm short again at .8720, no more than 25pips risk on this trade and looking for 30-50pips profit.




update: I was hoping to be in some profit before US news release at 10am. But I'm not, so I just closed for -5pips.
Alright, got the news spike out of the way...price doesn't look like it's breaking yesterday's highs and it's almost rallied it's normal daily range, so I'm short again at .8734.
Quoting PA is King
Alright, got the news spike out of the way...price doesn't look like it's breaking yesterday's highs and it's almost rallied it's normal daily range, so I'm short again at .8734.
Yeah, I brought out the old surf board, and am now riding smoothly back in with a fresh tan, and a smile on my face. Let's hope it continues until......2017.
Quoting Forextrapain
Yeah, I brought out the old surf board, and am now riding smoothly back in with a fresh tan, and a smile on my face. Let's hope it continues until......2017.

lol...nice!

This trade is working out MUCH better than the first. I like it when price goes in your direction fairly quickly instead of consolidating. Already up 20pips!
Quoting PA is King
lol...nice!

This trade is working out MUCH better than the first. I like it when price goes in your direction fairly quickly instead of consolidating. Already up 20pips!
Yep, just threw on a new coat of wax, and am back in the game. Hang 10 PA.
Quoting PA is King
lol...nice!

This trade is working out MUCH better than the first. I like it when price goes in your direction fairly quickly instead of consolidating. Already up 20pips!
USD/JPY is just wandering around aimlessly. LOL

USD/JPY You're drunk. Go home.
Quoting Forextrapain
Yep, just threw on a new coat of wax, and am back in the game. Hang 10 PA.

I didn't get to Hang 10....just 15pips after that bounce up in price. Price seemed to range between .8700-8750 this afternoon. Waiting for the next setup.
Quoting PA is King
I didn't get to Hang 10....just 15pips after that bounce up in price. Price seemed to range between .8700-8750 this afternoon. Waiting for the next setup.
Yeah, I shut down and took a nap. Just got too slow and boring. LOL I think I will stay clear now until Monday, as the market is just a little crazy right now, and I have some honey-do's to get done.
  •  Guest
  • | IP XXX.XXX.52.8
I got stopped out 3x trying to short the Aud around 94c... but eventually the battle was won

Our economy is completely screwed
Our government has destroyed consumer confidence
Unemployment rising
Housing bubble & Low Iron ore demand

God help us if china has problems within the next 1-2 years

AUD will be completely toast
Quoting Guest
I got stopped out 3x trying to short the Aud around 94c... but eventually the battle was won

Our economy is completely screwed
Our government has destroyed consumer confidence
Unemployment rising
Housing bubble & Low Iron ore demand

God help us if china has problems within the next 1-2 years

AUD will be completely toast

On a bright note, Mr. Stevens says a weak Aussie is good for the country.
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  •  Guest
  • | IP X.XXX.207.90
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  • Story Stats
  • Posted: Sep 30, 2014 9:30pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 60  /  Views: 8,582
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