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AUD/USD

  • #52,841
  • Oct 1, 2012 9:28pm Oct 1, 2012 9:28pm
I received an email from one of the main bankers in Australia forecasting a cut of .25%, which is priced in at the moment, so not much change....
Find a job that you love and you dont have to work again in your life.
  • #52,842
  • Oct 1, 2012 9:31pm Oct 1, 2012 9:31pm
Quoting GnarlyPips
I have a feeling it's not gonna happen...
That spike up just before, that was sick.
Play the players, not the cards.
  • #52,843
  • Oct 1, 2012 9:32pm Oct 1, 2012 9:32pm
everyone email CNBC Asia that schmuck said they were not going to cut rates all pompously doucheeee lol
  • #52,844
  • Oct 1, 2012 9:35pm Oct 1, 2012 9:35pm
Quoting jplazard
everyone email CNBC Asia that schmuck said they were not going to cut rates all pompously doucheeee lol
If they could do it, they wouldn't be talking about it.
FF journal: Peaks and Troffs
  • #52,845
  • Oct 1, 2012 9:38pm Oct 1, 2012 9:38pm
lol good point everyone is an analyst even the media these days.

Filled on some shorts waiting for the hourly close for more confirmation per my entry plan on this cut anticipation
  • #52,846
  • Oct 1, 2012 9:38pm Oct 1, 2012 9:38pm
that was a 50 pip drop, "that i watched". the day is so slow it just passed right by me.
  • #52,847
  • Oct 1, 2012 9:40pm Oct 1, 2012 9:40pm
I guess we have seen 1.03-1.0370 hold so well the last few weeks, could we see a break this time?
I think once we break we could break hard and see a drop towards parity after supporting this price for so long!
  • #52,848
  • Oct 1, 2012 9:41pm Oct 1, 2012 9:41pm
here is the further analysis we close on hourly below support look for further follow through the next hourly.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-10-01-TOS_CHARTS.jpg Size: 168 KB
  • #52,849
  • Oct 1, 2012 9:42pm Oct 1, 2012 9:42pm
Quoting jplazard
lol good point everyone is an analyst even the media these days.

Filled on some shorts waiting for the hourly close for more confirmation per my entry plan on this cut anticipation
You announced it . You had an edge over the others, you know why !
Don't be smart. Be rich.
  • #52,850
  • Oct 1, 2012 9:43pm Oct 1, 2012 9:43pm
fill was shit but what can you expect I am looking for a position perspective not a scalp so I wont fret too much lol
  • #52,851
  • Oct 1, 2012 9:44pm Oct 1, 2012 9:44pm
Quoting jplazard
fill was shit but what can you expect I am looking for a position perspective not a scalp so I wont fret too much lol
Ditto
FF journal: Peaks and Troffs
  • #52,852
  • Oct 1, 2012 9:47pm Oct 1, 2012 9:47pm
Trend line
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Oct. 02 17.45.jpg Size: 92 KB
FF journal: Peaks and Troffs
  • #52,853
  • Oct 1, 2012 9:48pm Oct 1, 2012 9:48pm
Missed the train. Waiting for the retrace, if it offers us (me).
Don't be smart. Be rich.
  • #52,854
  • Oct 1, 2012 9:53pm Oct 1, 2012 9:53pm
On board with you I am waiting for the NEWS traders to settle out and then I will find additional entry
  • #52,855
  • Oct 1, 2012 9:56pm Oct 1, 2012 9:56pm
Quoting jplazard
On board with you I am waiting for the NEWS traders to settle out and then I will find additional entry
I got in ,closed with a littile profit.

Waiting for another entry.

Previously i dont want to close, but i see somebody talking about the rate cut, i feel a bit scared, so i close it.

I should be insisting on my R&S style.
Outcome is not important at all, but correct technique is what only matters
  • #52,856
  • Oct 1, 2012 10:07pm Oct 1, 2012 10:07pm
Quoting timster
I guess we have seen 1.03-1.0370 hold so well the last few weeks, could we see a break this time?
I think once we break we could break hard and see a drop towards parity after supporting this price for so long!
I'd be surprised if we don't break 1.03 on back of this rate cut. Tougher area of support should be 1.0160 to 1.0180 that's held late July & early Sept.

London open in 2 hours time might see another push down.
Hope for the best, prepare for the worst.
  • #52,857
  • Oct 1, 2012 10:17pm Oct 1, 2012 10:17pm
Quoting jplazard
here is the further analysis we close on hourly below support look for further follow through the next hourly.
Here is where trading becomes more important then entry.
If you had opened up a short, prior to announcement you would be in profit now. The question is, it's likely we see a retracement on this announcement, but how far? How far before we see that the previous support lines hold! Some good long term charts posted which is great.
The joy of trading
  • #52,858
  • Oct 1, 2012 10:28pm Oct 1, 2012 10:28pm
Per my targets posted earlier the position entry 1 entry is in. If a retrace comes in about 25-60pips I will be taking the offer on all the levels
  • #52,859
  • Oct 1, 2012 10:29pm Oct 1, 2012 10:29pm
watching the 1.0300-1.0277 area for a hiccup from this move...

if we break it the 1.0248 is up next

then the major is the 1.0200-1.0170
Attached Image (click to enlarge)
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  • #52,860
  • Oct 1, 2012 10:51pm Oct 1, 2012 10:51pm
Daily at 34 on RSI so if a minor retrace back up were to come I expect it to be better trade numbers out of AU tomorrow night
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