RBA Statement

Quoting sequencer

Disliked

does this SL hunting occur often? recognizable by quick moves up and down?

Ignored

yes, all the time that's how they make money.
If you are interested send me a PM and I'll email you the link to a useful video on market makers

Subdude

Jun 5, 2012 7:49pm

Quoting Loadedgun

Disliked

Knowing this I slept all through and woke up this morning 244 pips richer having entered at 0.96200 based on the sign of order flow - with a target of 0.99480.

Ignored

Wow, you must be trading on some private exchange that gives you an extra 60 pip advantage over the best market rates. Because I don't recall ever seeing 0.9864 printed in the last 24 hours. GL with your "money flow" based target, anyway.

Macdon

Jun 5, 2012 12:23am

AU has higher interest rates than others, it has a stable and strong economy based on digging up resources and selling them mainly to Asia which is booming, has banks which are considered safe compared to Europe and the USA. All this,coupled with the fact that the interest rate could have been cut by 0.5%, means it’s a good buy.

If I were a European I would consider buying AUD as the euro may suffer a broadside in the coming months. USD is not much better. All IMO and FWIW.

Jun 5, 2012 12:45am

In the current economic climate RBA did the right thing = so better for Aud

combined with the fact of end of Australian financial year this month....

+ their pension (superannuation) funds had tipped into negative territory for the first time, so rate cut was a given......

but a nice start to the day

Jun 5, 2012 12:53am

Quoting Dr. forex

Disliked

AUD will fall in the coming sessions it's no doubt.

Ignored

would be interesting to see.....nothing in fx market is a given with the exception of greed.....
I have a buy indicator @ 0.9719 & yesterdays was @ 0.9647....

Jun 5, 2012 10:42pm

Nice that you made 244 pips in 3 days, for tad over average daily pips is a little sad.......(96200 being Monday morning)
no offence but I'll stick to my 200+ a day

entry this morning @ 9737 straight from buy indicator

billv

Jun 4, 2012 11:57pm

Quoting quidproquo

Disliked

How do you do that with FIFO Rule?

Ignored

billv

Jun 9, 2012 8:53pm

Quoting zax1150

Disliked

I'll stick to my 200+ a day
entry this morning @ 9737 straight from buy indicator

Ignored

That's nice What timeframes do you trade?

Jun 10, 2012 1:38am

tnks

Jun 5, 2012 2:37am

easing is coming, shorts are too expensive, 0.98 in the evening.

Dr. forex

Jun 5, 2012 12:35am

AUD will fall in the coming sessions it's no doubt.

jajano

Jun 4, 2012 11:55pm

I have visual stop loss, so they hunt my TP. Damn. LOL

Johnny Depp

Jun 4, 2012 11:40pm

its mean market are going to hunt a stop loss 1st before it go to whereever it going to go next..hahaha

Jun 10, 2012 1:09am

Quoting billv

Disliked

That's nice What timeframes do you trade?

Ignored

min is 10min up to 2hr depends on my indicator........

littlemole

Jun 5, 2012 12:28am

I think the 3,5% was already in the price. They said this in the last RBA. And yes, AUD is much better for investors then EUR or USD. We will see the true movement after G7

tayser

Jun 5, 2012 12:00am

Quoting quidproquo

Disliked

How do you do that with FIFO Rule?

Ignored

Sucks to be a US citizen / using a US broker!

Jun 4, 2012 11:48pm

the market is not just an easy game that you can play just by reading the news and open ur buy or sell operations.
there are big player who controls the market and make us all move then they make their profit.
we loose and they win. that's the game..

so if u can't handle the loss forget.
go open small shop to sell candy and gum better for you!!

good luck

Jun 4, 2012 11:50pm

i beleive there're huge sell operations so the market will not go down before a lot of ppl close part of their sells untill the market can handle it!!

do u think those who make forex exchange market had made it to loose money???!!

Wolf81

Jun 4, 2012 11:50pm

-25 basis points to 3.50 per cent was expected and also priced in the AUD/ USD pair. i think AUD/ USD will range or bulls will come

EmeraldEyes

Jun 5, 2012 12:05am

Quoting Guest

Disliked

I have never seen that at a reduction of interest rate. Maybe it means that people buying AUD because it is still the highest interest rate in the world.

Ignored

Market was priced for something different. Highest rate in the world? Not close.

ryknowtrade

Jun 5, 2012 1:06am

Many were looking for a 50bp cut from the RBA. Interesting to see how that was priced in.

EmeraldEyes

Jun 5, 2012 2:24am

Quoting sequencer

Disliked

can somebody post, which events this SL hunting occurs? is that just aussie, or another pairs problem as well?

Ignored

It's market microstructure. Happens in all pairs and all markets. It's more prone to happen during events which cause liquidity to dry up. Be it a holiday or an important news release. Spreads widen in such times to count for the risk that market orders have during these times.

quin2k

Jun 5, 2012 2:24am

Quoting wcchan

Disliked

I shorted at 98004 and will close after 35 pips. My SL=TP=35pips, but I never show my SLs or TPs since I am sitting in front of the monitor. When the levels are hit, I just close the position.

Ignored

You must a magician, sir, to have shorted right at the very top of the 06:04 GMT candle! Your 35 pip target was just hit. Well done!

Loadedgun

Jun 5, 2012 3:40am

Quoting sequencer

Disliked

what that moves down and up means? what caused them?

Ignored

The order flow was up (i.e. +ve) you retail types played your usual bad is down, good is up game causing the blips - but order flow always wins. Another evidence that the order flow and not news or eco releases predict the trend and not the other way round. Knowing this I slept all through and woke up this morning 244 pips richer having entered at 0.96200 based on the sign of order flow - with a target of 0.99480. Trying to predict the market day by day is futile - follow the money flow and trade positionally - and you will among the 1/20. Otherwise (like a good friend is wont to imply) you will end up a submariner.

Loadedgun

Jun 5, 2012 3:52am

Quoting EmeraldEyes

Disliked

Market was priced for something different. Highest rate in the world? Not close.

Ignored

And that is the problem - how does one ever tell what the market is priced for beforehand and who does the pricing? There is no way - so best to find a way of measuring the sign of the order flow no matter how crude and trade accordingly. Money talks BS walks - so as always, the sign of the flow and not news and eco releases drive a market (at least not on the timing usually employed by retail types).

quidproquo

Jun 4, 2012 11:54pm

Quoting shimmering

Disliked

I Enter on a pending order 5 pips away both ways, with a trailing SL of 2 p ips, and catch the waves!

Ignored

How do you do that with FIFO Rule?

quidproquo

Jun 5, 2012 12:00am

Quoting billv

Disliked

Sign up with a Non US broker

Ignored

Gotcha...thanks for the heads up

elljay

Jun 5, 2012 12:44am

Quoting Dr. forex

Disliked

AUD will fall in the coming sessions it's no doubt.

Ignored

UK bank holiday today

Mba.shiva

Jun 5, 2012 1:26am

whats next about aud/usd ?

Jun 4, 2012 11:36pm

what that moves down and up means? what caused them?

joefoos55

Jun 4, 2012 11:44pm

still depends on the quote currency as well

trexcute

Jun 4, 2012 11:44pm

yeah...correct. Is just hunt my stop loss =P ..LOL

Jun 4, 2012 11:45pm

does this SL hunting occur often? recognizable by quick moves up and down?

Jun 4, 2012 11:46pm

looks like going up on sudden irrational move to open the stop loss of every body...

Trader#E5DC

Jun 4, 2012 11:48pm

Stop Hunting is a regular occurence on the markets. They are called market makers and they use announcements and other BS from NEWS to stop hunt retail traders. To beat these guys you need to think like they do. Indicators that they provide are all BS to confuse you.

Jun 4, 2012 11:49pm

good to know... be more carefully next time. despite SL hunt, i ended up with a small profit, so it wasn't that bad...

Jun 4, 2012 11:51pm

it is generally said: money go to money... here is perfect example

Jun 4, 2012 11:51pm

I Enter on a pending order 5 pips away both ways, with a trailing SL of 2 p ips, and catch the waves!

Jun 4, 2012 11:52pm

seriously? no, i dont think so. clever bi***es

Jun 4, 2012 11:52pm

I have never seen that at a reduction of interest rate. Maybe it means that people buying AUD because it is still the highest interest rate in the world.

Jun 4, 2012 11:55pm

no I am only joking! What are you , a clown?

Trader#E5DC

Jun 4, 2012 11:55pm

Normally when interest rates are reduced the AU should be selling, The market makers are stop hunting again, AU should weaken technically. They may wait to UK opens for the brinks trade. Total manipulation!!

Jun 4, 2012 11:55pm

Easy, I am in AUssie

Jun 4, 2012 11:57pm

i set 100 pips on both sides, SL closer, reducing the loss, if any; it works good with prepared scripts.

Jun 4, 2012 11:58pm

It is going to 0.9836

Mr. Cool

Jun 5, 2012 12:02am

0.9900 is not too far, will see touching that level soon at 38.2 Fibo.

Jun 5, 2012 12:03am

somebody somewhere on this pages said about reporting huge amout of stoplosses at event an about month old... do you know, where he could got this information? could be useful next time

Silencer

Jun 5, 2012 12:04am

guys change your charts from candlesticks to line graph

Jun 5, 2012 12:19am

Quoting Mr. Cool

Disliked

0.9900 is not too far, will see touching that level soon at 38.2 Fibo.

Ignored

may it touch 0.9880 but not 0.9900 today

Jun 5, 2012 12:23am

can somebody post, which events this SL hunting occurs? is that just aussie, or another pairs problem as well?

Trader#E5DC

Jun 5, 2012 12:44am

The AU should of fallen with the announcements ! They are just purely stop hunting. When the rates come down the currency follows and visa versa. If there was a suprise then it will go the opposite of the sentiment is. SO this is the market makers doing their usual BS!! Look at last month rates fell 0.5% AU fell over 150 points.!

Trader#8DD3

Jun 5, 2012 1:00am

Everyone was short AUD .... so it has to go up to clear out the stops....maybe even back to 99 / 1.00 before resuming the down trend...
Same with EUR....everyone is short so a pullback to 1.28 before 1.12 over the next 3 months....watch this space

wcchan

Jun 5, 2012 1:38am

I shorted at 98004 and will close after 35 pips. My SL=TP=35pips, but I never show my SLs or TPs since I am sitting in front of the monitor. When the levels are hit, I just close the position.

Trader#E527

Jun 5, 2012 2:58am

Market makers Know where the entry positions are and try to get the maximum business by forcing price action up or down (or both) in the first seconds after the news event. It is a common practice to increase the spreads at this time. Know the normal spread for the pair and wait until it is normal,
then you can better avoid this action, and find out where the market is usually going: Usually somewhat back to the price of the last bar because the market anticipated the news, or even simpler: the return to the mean.
Judging whether the event will cause a trend reversal is more complex of an art

Trader#EB18

Jun 4, 2012 11:38pm

Going down..

Trader#70CF

Jun 4, 2012 11:39pm

Shorted Aud at 9780 for atleast 50 pips

Trader#284D

Jun 4, 2012 11:44pm