The Really Useless Thread

cheers fella - was able to ditch the weaker entry on GN for -15 or so with a cushion on the other 2 currently +50 , +80

Noice!

Flat that for +34...



Need to head out for a bit. Got me swaps, but not wild about leaving it running with this coming up in a couple hours...



Been all Aussie bearish of late.

Have orders above, but not till 2700's.

Back in a while...play safe!

Out.

if it breaks 58 now, look at 79 for weakness

I guess the market isn't taking it as bearish as it was expecting...so far, at least.

Summary...

Considerations for Monetary Policy

Members noted that recent indicators suggested that the pace of global growth had edged down. In response to the weaker economic outlook, further monetary stimulus had been put in place in the major advanced economies. The weaker outlook had also seen bulk commodity prices decline and, while prices for steel and iron ore had partially retraced the sharp falls that occurred over July and August, members noted that there had been a noticeable decline in the appetite for spending by Australian companies in some parts of the resources sector. Notwithstanding the expectation of some recovery in the prices of bulk commodities over the coming quarters, it seemed likely that mining investment would peak a little earlier, and at a somewhat lower level, than had previously been forecast. At the same time, the lower peak could be associated with a more gradual decline subsequently, and resource investment as a share of GDP would likely remain at a high level for several years.

Members agreed that it was too soon to see much, if any, of the effects of recent developments in bulk commodity markets on domestic economic activity. Likewise, it was too early to see the full effects of earlier reductions in interest rates. Members noted that the labour market had been somewhat softer in recent months, although this was not inconsistent with earlier forecasts for the economy. Other recent data on economic activity had been broadly in line with earlier expectations about the pace of growth. Looking ahead, the forecast for GDP still anticipated mining investment making a significant contribution to growth in the coming quarters, with non-resource investment remaining weak, some possibility of an increase in dwelling investment, consumption growing broadly in line with incomes, and public demand subtracting from growth. Nonetheless, the information that had become available suggested there was an increased likelihood of growth over the coming year being somewhat weaker than earlier forecast.

At its previous meeting, the Board had observed that the effects of earlier reductions in the cash rate were still working through the domestic economy, and that the outlook for inflation was consistent with the target over the next one to two years. Members concluded that the current assessment of the inflation outlook provided scope to adjust policy in response to the softer growth outlook. Therefore, at this meeting the Board judged that it was appropriate for the stance of monetary policy to be a little more accommodative, thereby providing some additional support to demand over the period ahead.

^^ Looking for the Aussie to return too 1.03680 ish to continue selling.

something to kill the time

This 54 area is a critical point (it is the opening of the most recent 3 day candle)


Bulls have the momentum still but we will see if they can keep it.

Be back an hour or two before London.

W?



... and beyond?

Seems a long way up right now...stoopid patience!

Like the level, though!

You're a divergence jedi! I like it.

o god the D word

do you have something that can put 2 pairs on the same chart. in a overlay

Not directly overlayed in MT4. Above, below...side by side, but not a direct overlay. Somebody else probably does, though.

Could try this...

http://www.freestockcharts.com/

Douche Boy? Well hello again...nice to see you.

http://www.forexfactory.com/showthread.php?t=4751
#6

Click Settings...Comparisons...



You can show a few different ones. Just input their symbols, then tick which ones you want and press OK...





I'm sure killer may have something that does a direct overlay in MT4. I haven't looked for one in a long time.

Cool beans!

Be interesting to see how it handles the scaling.

bastard didn't work