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Aussie Trading Room and Cartoons Gallery

  • #17,661
  • Dec 3, 2012 8:52pm Dec 3, 2012 8:52pm
Quoting maximmm
If I were to say that we, at the forexfactory, could cause aud to drop to 0, would the joke be more clear then? Seriously....
wow..
toilet paper cost more than aud bill.
  • #17,662
  • Dec 3, 2012 8:56pm Dec 3, 2012 8:56pm
Quoting maximmm
rate cut is in the cards - it's a done deal, yet I do think we'll see a fairly large short covering prior to the rate decision, thus a spike to 1.0450 and possibly above -
That will also mean that the rate cut will cause a move lower that much larger - 100 pips or so
Why is a fair large short covering if a rate cut is in the cards? Why not long covering?
daddybearforex. com
  • #17,663
  • Dec 3, 2012 8:57pm Dec 3, 2012 8:57pm
Australia PM's plea to banks to pass on any rate cut in full (http://www.theaustralian.com.au/national-affairs/pms-plea-to-banks-to-pass-on-any-rate-cut-in-full/story-fn59niix-1226529647750)


http://www.deviantart.com/download/8...by_Muu_cow.jpg
who will .... ?
not euphoria follower
  • #17,664
  • Dec 3, 2012 9:05pm Dec 3, 2012 9:05pm
After RBA decision, if the pair moves down, the H4 channel LTL shall be able to hold the falling baby. Daily ADX is still on the bullish side and moving upward. IMO
daddybearforex. com
  • #17,665
  • Dec 3, 2012 9:09pm Dec 3, 2012 9:09pm
Quoting Eric D
Good day traders of the Cartoon Gallery, wanted to stop by and share my 2 cents:




4 Hourly chart:

http://1.bp.blogspot.com/-i9GyjEhtZD...+02+audusd.gif

Above is the 4 hourly chart in continuation of the Friday's review (which I have included below in case someone wants to see it), where I see a small confluence for support in the very short term, with a divergence formation at the same spot the 200 EMA lies, notice how price has struggled to close below the central monthly pivot...
Nice chart, actually. I think it highlights some of the key support/resistance lines.
  • #17,666
  • Dec 3, 2012 9:10pm Dec 3, 2012 9:10pm
Quoting DaddyBear
Why is a fair large short covering if a rate cut is in the cards? Why not long covering?
I think.... there won't be covering anymore, now that the triangle has been established
  • #17,667
  • Dec 3, 2012 9:12pm Dec 3, 2012 9:12pm
Quoting HelloOz
wow..
toilet paper cost more than aud bill.


I'm shorting 5 mini lots - that should cause aud to dive at least a cent^^
  • #17,668
  • Edited 9:17pm Dec 3, 2012 9:15pm | Edited 9:17pm
Soooo does anyone use the buy - sell pre set price before the news? buy at 1.0425 and a sell at 1.0413 and after it clears those points place a stop with profit and cancel the other side?
  • #17,669
  • Dec 3, 2012 9:18pm Dec 3, 2012 9:18pm
Quoting kerrydrake
Soooo does anyone use the buy - sell pre set price before the news? buy at 1.0425 and a sell at 1.0413 and after it clears those points place a stop with profit and cancel the other side?
im ready to short 20 standard lots if they cut 50bps.
  • #17,670
  • Dec 3, 2012 9:21pm Dec 3, 2012 9:21pm
Quoting HelloOz
im ready to short 20 standard lots if they cut 50bps.
That's at least an extra 20 cent dive!
  • #17,671
  • Dec 3, 2012 9:22pm Dec 3, 2012 9:22pm
Quoting HelloOz
im ready to short 20 standard lots if they cut 50bps.
Your the wild one in the room I see. hehehe more power to you.
  • #17,672
  • Dec 3, 2012 9:22pm Dec 3, 2012 9:22pm
Quoting kerrydrake
Soooo does anyone use the buy - sell pre set price before the news? buy at 1.0425 and a sell at 1.0413 and after it clears those points place a stop with profit and cancel the other side?
I think it's safer to use the triangle lines - place buy above the top triangle line and sell below the bottom one
  • #17,673
  • Dec 3, 2012 9:23pm Dec 3, 2012 9:23pm
Quoting maximmm
That's at least an extra 20 cent dive!
http://www.google.com.au/url?source=...ej_qiDrebAbC_Q
  • #17,674
  • Dec 3, 2012 9:23pm Dec 3, 2012 9:23pm
BTW, if they cut 50 points, I'm selling my house and placing a major short. I just hope I sell the house in time!
  • #17,675
  • Dec 3, 2012 9:24pm Dec 3, 2012 9:24pm
Quoting maximmm
BTW, if they cut 50 points, I'm selling my house and placing a major short. I just hope I sell the house in time!
you can get loan from the bank,
as long as its not aussie bank..
  • #17,676
  • Dec 3, 2012 9:25pm Dec 3, 2012 9:25pm
And the PA goes dead.
  • #17,677
  • Dec 3, 2012 9:26pm Dec 3, 2012 9:26pm
Banks are closed, might have to ask the local mafia for some cash.
  • #17,678
  • Dec 3, 2012 9:27pm Dec 3, 2012 9:27pm
Be ready for them to knock out the stops before they go the correct direction, right or wrong.
  • #17,679
  • Dec 3, 2012 9:29pm Dec 3, 2012 9:29pm
Quoting kerrydrake
Be ready for them to knock out the stops before they go the correct direction, right or wrong.
which one is the correct direction? I wanna know ahead of time^^
  • #17,680
  • Dec 3, 2012 9:30pm Dec 3, 2012 9:30pm
Quoting kerrydrake
Be ready for them to knock out the stops before they go the correct direction, right or wrong.
cut
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