Dislikedanything is possible in the forex, lately critical au news always pump around 50 to 100 pips up. Anyway you should put SL in case it goes in the direction against you.Ignored
100 Pips per day can keep the bosses away. 
- #40,803
- Feb 20, 2012 4:42pm Feb 20, 2012 4:42pm
Well it would be correct to ask that very same question of the powers that be that are in any part of this world that we live in. Half Truths and outright deception are the norm. Especially when money is involved. It's a stinking shame, but that is the way it rolls. 
Stand up! Be different. Swim against the tide.
Now, let the AUD give it up and roll. Movement is money!
Stand up! Be different. Swim against the tide.
Now, let the AUD give it up and roll. Movement is money!
It's the simple things in life that have the most powerful meaning.
AUD/USD 1.0757
Waiting for Greece again..
It seems the Europeans just cant let go and the more they hold on to it hoping, the more it drags down the zone.
Europe is finished as a dominant economic force. This experiment has failed. Had the timing been when Europe was on the surge this could have been a different story.Instead its in decline and now all eyes are on the expansion of Asia.
We have some RBA speak coming out today at 11.30am AEST and then the Govenor speaks at 1.30pm AEST
I wonder if he speaks about domestic funding...
An unstable banking system due to political interence is the last thing we want in Australia at present. There are already signs of banks reducing their lending. More of that trend, due to an inability to pass on higher costs of funds, would be a big negative to our (Australian) economy. If you want some evidence, look at Europe.
When banks talk about increased funding costs they are referring to:
1. Increase in the spreads on term deposits given the increase in competition on deposits. I know this is their own-doing.
2. The spread on wholesale funding due to an increase in the compensation required by investors globally.
3. Increase in the cost of FX hedging due to the recent volatility
Im no bigger fan of banks than everyone else, I'm sure they rip customers off where they can and on a daily basis. However, like any other business they have the ability to pass on additional costs which they do (even though they state the recent increase in interest rates didnt cover their increased costs).
Anyway, that's my 2 cents on the issue. We just have to assess the reality, play the game and try to take advantage of any situation.
What a day to be trading, the 15 minute chart is bouncing like a 1 minute chart... The head says to keep out, emotions say to jump in.
I am not a technical trader, still a noob (Novice Only Outlook is BBands)..
Because I am a noob, the emotions win.
I am not a technical trader, still a noob (Novice Only Outlook is BBands)..
Because I am a noob, the emotions win.
A genius is born every minute, me I am lucky if my socks match.
What a day to be trading, the 15 minute chart is bouncing like a 1 minute chart... The head says to keep out, emotions say to jump in.
I am not a technical trader, still a noob (Novice Only Outlook is BBands)..
Because I am a noob, the emotions win.
You will learn much more about how markets operate by trading like this.
Be careful though. Best of luck my friend.
- #40,808
- Edited 6:41pm Feb 20, 2012 6:29pm | Edited 6:41pm
What a day to be trading, the 15 minute chart is bouncing like a 1 minute chart... The head says to keep out, emotions say to jump in.
I am not a technical trader, still a noob (Novice Only Outlook is BBands)..
Because I am a noob, the emotions win.
- #40,813
- Feb 20, 2012 7:44pm Feb 20, 2012 7:44pm
- Joined Dec 2011 | Status: StealingPips | 1,294 Posts
- #40,814
- Edited 8:30pm Feb 20, 2012 7:45pm | Edited 8:30pm
Astro,
I am of the same opinion, I have three trades in with a TP of 1.08.. I managed to catch the smallish bull run and are sitting with +174 pips.
Make a million here, then dump it all on Black Caviar
- #40,817
- Feb 20, 2012 8:37pm Feb 20, 2012 8:37pm
- Joined Dec 2011 | Status: StealingPips | 1,294 Posts