RBA Statement on Monetary Policy | Forex Factory

  • RBA Statement on Monetary Policy

    From rba.gov.au Story is in PDF Format

    Economic conditions in Australia’s major trading partners generally appear to have eased a little of late. Growth in China moderated further in the March quarter. Subdued investment growth in the manufacturing sector was partly offset by rising public infrastructure investment and a return to growth in real estate investment. The latter was consistent with a strengthening in the property market in recent months in response to a range of earlier measures to stimulate demand. The moderation of Chinese growth has affected Asian economies and emerging economies in other regions that have strong trade links with China. ... (full story)

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liberty458
May 6, 2016 12:59am
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The Crow (-_-)

You here me talk about it sometimes. It is not a joke. Its taking shape.

Sure Fractals are good, once you start getting to know there patterns.......but they are also lagging a great deal, But maybe you have discovered something that I have not Crow...
I'm still into 5 bar discovery but I'm just beginning...
Maybe you can pm me I would appreciate that....
Reply
jegas
May 5, 2016 9:03pm
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As per Banks Fx View Saxo, Citi & Merrill Lynch , coming week down tgt of 73-71.
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lasty
May 5, 2016 9:50pm
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Sell
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Bd888
May 5, 2016 9:06pm
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pretty Dovish as expected after a rate cut.
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Bull n Bear
May 5, 2016 8:45pm
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"the Board judged that the prospects for sustainable growth in the economy,
with inflation returning to target over time, would be improved by further easing of monetary policy. Accordingly, the cash rate was reduced by 25 basis points. The Board will continue to assess the outlook and adjust policy as needed to foster sustainable growth in demand and inflation outcomes consistent with the inflation target over time"

Everything about this statement seems to be dovish.
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vina
May 5, 2016 9:02pm
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The Big Boys was short AUD from last week. Follow them and win.

http://www.forexfactory.com/attachment.php?attachmentid=1921774&d=1462499383

http://www.forexfactory.com/attachment.php?attachmentid=1921775&d=1462499390
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PaulDaemon
May 6, 2016 1:15am
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Quoting Guest
What is there to wonder? When you lose you want to go back to rethink your setup. See how to avoid such instances in future. Though we know from chaos math that there will be no such future instances to avoid because no two instances of moves (on any scale) are the same exactly. They are so individually nuanced that no patterns can be learned. That is a mathematically chaotic system for you. Except of course you can read fractals and scale the market to behave like them, that way you turn complex math into simple graphics (the more clever way of...
The other thing I noticed short bias traders that were holding on to shorts were still here and being mocked by the long bias traders but whenever price gets a sudden drop the bias long traders dissapear.

From my perspective of trading is to keep inline with fundamentals.
Reply
PaulDaemon
May 6, 2016 1:20am
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Quoting Guest
What is there to wonder? When you lose you want to go back to rethink your setup. See how to avoid such instances in future. Though we know from chaos math that there will be no such future instances to avoid because no two instances of moves (on any scale) are the same exactly. They are so individually nuanced that no patterns can be learned. That is a mathematically chaotic system for you. Except of course you can read fractals and scale the market to behave like them, that way you turn complex math into simple graphics (the more clever way of...
What determines market sentiment?

Something has to happen to initially prompt the market to either buy or sell a currency.

A market consists of people who often follow the crowd, thus continuing a trend that is not necessarily justified.
Reply
PaulDaemon
May 5, 2016 10:04pm
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Quoting lasty
Sell
I always find it funny when all the bias long traders disappear when price plummets.
Reply
Trader#3A2B
May 6, 2016 12:09am
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Quoting PaulDaemon
I always find it funny when all the bias long traders disappear when price plummets.
What is there to wonder? When you lose you want to go back to rethink your setup. See how to avoid such instances in future. Though we know from chaos math that there will be no such future instances to avoid because no two instances of moves (on any scale) are the same exactly. They are so individually nuanced that no patterns can be learned. That is a mathematically chaotic system for you. Except of course you can read fractals and scale the market to behave like them, that way you turn complex math into simple graphics (the more clever way of doing math). Fractal geometry is the future for retail. Visual trading - like a game. Show how and why it does not have to be economics and stuff to work. Show graphic market action that can be learned and that allows an explicit interface with price as fractals. So that the trader of the future wins by mastering fractal patterns rather than the impossible to access price patterns causing everyone to lose.

The Crow (-_-)

You here me talk about it sometimes. It is not a joke. Its taking shape.
Reply
Trader#3A2B
May 6, 2016 1:41am
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Quoting PaulDaemon
What determines market sentiment?

Something has to happen to initially prompt the market to either buy or sell a currency.

A market consists of people who often follow the crowd, thus continuing a trend that is not necessarily justified.
No matter what it is that triggers the markets if we present it to you in a graphical manner that allows you read the market like a book and respond with a defined set of skills rather than merely gamble in the current ways you will prefer it hopefully. But who cares who likes or does not like it. In the end - it has to be demonstrably attractive to use and master and far more profitable to move the crowd. So that is when you really got to follow the crowed for real.

The Crow (-_-)

Just a thought. But things have gotten so bad with my current broker he is charging me for "slippage" of a trade taken a day before the Australian rate cut and programed to close out at break even should trade go counter trend in the defined range. Have you heard that one before?
Reply
Trader#A284
May 6, 2016 3:05am
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Quoting vina
The Big Boys was short AUD from last week. Follow them and win.

http://www.forexfactory.com/attachme...4&d=1462499383

http://www.forexfactory.com/attachme...5&d=1462499390

Hey vina,

Really interesting post! But I'm afraid I'm not following along and I'd like to understand what you're saying.

From the two charts you posted, how can you tell, as you say, the Big Boys were short AUD from last week? At what point or date can you identify this and how?

I assume you can identify this at the time, not in hindsight.

Thanks!
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Trader#4F98
May 5, 2016 9:53pm
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Vina you should have posted that earlier. Hehe.
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Trader#B3E5
May 6, 2016 1:21am
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it depends on the crude prices, they are doing this because of the low prices
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