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  • #20,521
  • Mar 30, 2010 5:48pm Mar 30, 2010 5:48pm
Thanks for the data update crak0

I wonder if there will be a surprise interest rate halt for australia next week, seeing retail and building are still weak....if there is...the currency may take a nose dive



Quoting crak0
Building Approvals (MoM)-3.30% 2.00% -7.00%
Retail Sales (MoM)-1.40% 0.30% 1.20%




Forecasts pretty far off... Rate hike next month looking less likely...
  • #20,522
  • Mar 30, 2010 5:50pm Mar 30, 2010 5:50pm
Thanks, I find the update is sometimes slow...after the reaction has gone through, the update it...


Quoting dongsky
you can get here in ff, look up on calendar tab, click it...
  • #20,523
  • Mar 30, 2010 5:50pm Mar 30, 2010 5:50pm
Quoting c2v4l
Interesting. Could you explain more about this? Do I take from today high or just the candle after news? Just for future reference. Already close my position for 30 pips profit.
when i say 50% retracement is i'm referring to the current 5 min candle, normally times like this before the bus continues heading its direction it will normally stop and reverse quickly to pick up those passengers left behind? and will continue back to its original direction and it will be more faster this time
Success consists of going from failure to failure without loss of enthusiam
  • #20,524
  • Mar 30, 2010 5:51pm Mar 30, 2010 5:51pm
Quoting stwk81
What was the data?? anyone know where to get it from?

Have you ever seen the main page http://www.forexfactory.com/ ?
  • #20,525
  • Mar 30, 2010 5:52pm Mar 30, 2010 5:52pm
Quoting stwk81
Thanks for the data update crak0

I wonder if there will be a surprise interest rate halt for australia next week, seeing retail and building are still weak....if there is...the currency may take a nose dive

rumors is very well spread around the corner, but not until RBA will confirmed it next week only until then we can ditermine the pairs direction.
Success consists of going from failure to failure without loss of enthusiam
  • #20,526
  • Mar 30, 2010 5:54pm Mar 30, 2010 5:54pm
Quoting crak0
Building Approvals (MoM)-3.30% 2.00% -7.00%
Retail Sales (MoM)-1.40% 0.30% 1.20%




Forecasts pretty far off... Rate hike next month looking less likely...

well said bro, i agree too!
Success consists of going from failure to failure without loss of enthusiam
  • #20,527
  • Mar 30, 2010 5:55pm Mar 30, 2010 5:55pm
Quoting dongsky
don't under estimate the market for it is ALIVE! whatever she gives you, just take it and don't think twice... don't hold to long on a loosing trade, act on it, like snowballing... and honestly aud/usd is still very bullish on a long time frame, so i won't bet that it will go down that much, very soon.

i can see a very strong resistance for bears at 9080 and it will reverse

Attached Image (click to enlarge)
Click to Enlarge Name: 20100331_audusd.JPG Size: 161 KB



I generally scalp about 90% of the time. But I tend to hang onto positions that appear to be backed up with longer term indicators/supports/resistance etc.

For those longer term positions, tight SL above the resistance points, so worse case scenario is a minor loss.

Not necessarily bearish on the Aus economy, but global matters may pull the currency down. Greece bonds sales was bad last night and overbought conditions in play. NFP may bring something unexpected though, so will be watching that diligently come Friday.

Congrats on the win though, was a nice violent move down...
  • #20,528
  • Mar 30, 2010 5:55pm Mar 30, 2010 5:55pm
that was a little disappointing as i think we are again going to be on a slow climb uphill until interest rate decision. Thats when the aussie will have major changes
  • #20,529
  • Mar 30, 2010 5:55pm Mar 30, 2010 5:55pm
Have seen that, thanks
I wanted to know whether there was any feeds that come out instant... sometimes the these data are a bit slow.


Quoting harom
Have you ever seen the main page http://www.forexfactory.com/ ?
  • #20,530
  • Mar 30, 2010 5:56pm Mar 30, 2010 5:56pm
Partial profits taken on au short at 9143. Will hold the rest looking for a break of this level.

http://cdn.forexfactory.com/attachme...1&d=1269996191
  • #20,531
  • Mar 30, 2010 5:57pm Mar 30, 2010 5:57pm
Quoting dongsky
when i say 50% retracement is i'm referring to the current 5 min candle, normally times like this before the bus continues heading its direction it will normally stop and reverse quickly to pick up those passengers left behind? and will continue back to its original direction and it will be more faster this time
Thanks. I usually hesitate to enter again after closing my position because I don't know what level is best for reversal or what technique to use. I will monitor this for few more times on demo and see how it goes.

Anyways, I'm malaysian and used to study in Sydney lol. But I have never set foot in Melbourne yet. Probably sometime next year
  • #20,532
  • Mar 30, 2010 5:57pm Mar 30, 2010 5:57pm
Quoting stwk81
Thanks for the data update crak0

I wonder if there will be a surprise interest rate halt for australia next week, seeing retail and building are still weak....if there is...the currency may take a nose dive

CPI data tends to come out just before the RBA meets, this one is the show pony that has a big influence on interest rate decisions.
  • #20,533
  • Mar 30, 2010 6:02pm Mar 30, 2010 6:02pm
Quoting crak0
Attachment


I generally scalp about 90% of the time. But I tend to hang onto positions that appear to be backed up with longer term indicators/supports/resistance etc.

For those longer term positions, tight SL above the resistance points, so worse case scenario is a minor loss.

Not necessarily bearish on the Aus economy, but global matters may pull the currency down. Greece bonds sales was bad last night and oversold conditions in play. NFP may bring something unexpected though, so will be watching that diligently come Friday....
HI crak0,

i really appreciate your insight sharing and l agree with you. like you i'm also watching closely on greece and other euro zone members for their behavior of that matter, because as a commodity country, australia is very much volatile when some intervention will be made because it will affect directly us... and a domino effect will be expected.

thanks bro. please share more of your insigths, we're all learning here so sharing is very vital for our success of becoming a good and effective trader
Success consists of going from failure to failure without loss of enthusiam
  • #20,534
  • Mar 30, 2010 6:04pm Mar 30, 2010 6:04pm
YAY!! Go the Malaysian! so you where abouts are you located now?




Quoting c2v4l
Thanks. I usually hesitate to enter again after closing my position because I don't know what level is best for reversal or what technique to use. I will monitor this for few more times on demo and see how it goes.

Anyways, I'm malaysian and used to study in Sydney lol. But I have never set foot in Melbourne yet. Probably sometime next year
  • #20,535
  • Mar 30, 2010 6:05pm Mar 30, 2010 6:05pm
Quoting stwk81
Have seen that, thanks
I wanted to know whether there was any feeds that come out instant... sometimes the these data are a bit slow.
there are few good paid sites... but if you're really serious about news trading then it should be worth registering
Success consists of going from failure to failure without loss of enthusiam
  • #20,536
  • Mar 30, 2010 6:10pm Mar 30, 2010 6:10pm
Quoting c2v4l
Thanks. I usually hesitate to enter again after closing my position because I don't know what level is best for reversal or what technique to use. I will monitor this for few more times on demo and see how it goes.

Anyways, I'm malaysian and used to study in Sydney lol. But I have never set foot in Melbourne yet. Probably sometime next year
good on you bro put it this way, the law of physics, when the ball is in motion, it will continue moving so, unless otherwise another strong obstacle headiing on its path, but that faster it moves the stronger the force needed to put the ball in motion in stall or pause... just look for the right re entry, and confirmation signals... you will be okay
Success consists of going from failure to failure without loss of enthusiam
  • #20,537
  • Mar 30, 2010 6:19pm Mar 30, 2010 6:19pm
So what's everyone's next move now that the AU data has gone through?
Wait for EU open?
  • #20,538
  • Mar 30, 2010 6:22pm Mar 30, 2010 6:22pm
here's my before and after charts setup
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 1hr.jpg Size: 151 KB
Success consists of going from failure to failure without loss of enthusiam
  • #20,539
  • Mar 30, 2010 6:24pm Mar 30, 2010 6:24pm
good to know there are fellow malaysians here

i'll watch for retracements for this dip pre-euro session, this downmove might just trigger the long due retrace for the monday's rally

still holding my short as it's approaching S2 again 91460
  • #20,540
  • Mar 30, 2010 6:30pm Mar 30, 2010 6:30pm
Quoting OvT
good to know there are fellow malaysians here

i'll watch for retracements for this dip pre-euro session, this downmove might just trigger the long due retrace for the monday's rally

still holding my short as it's approaching S2 again 91460
i believe this retracement will go dip as far as 9082 before it will head back south i missed nasi ayam
Success consists of going from failure to failure without loss of enthusiam
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