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  • #17,721
  • Dec 3, 2012 10:11pm Dec 3, 2012 10:11pm
Quoting HelloOz
who would have thought aud will reach 1.050 AFTER rate cut..
I wouldn't jump on the 1.05 boat just yet.

Ah, as much as I hate to say it, very few debates were resolved today^^
  • #17,722
  • Dec 3, 2012 10:12pm Dec 3, 2012 10:12pm
Quoting HelloOz
who would have thought aud will reach 1.050 AFTER rate cut..
I still keep my projection intact. If you are right then why did it move up after RBA cut rate? Rate cut is just an event. The Law of the Market overrides rate cut.
daddybearforex. com
  • #17,723
  • Dec 3, 2012 10:13pm Dec 3, 2012 10:13pm
Quoting GnarlyPips
If the cut was needed, wouldn't that be good for the economy, though? If the cut wasn't needed, wouldn't it be bad for a cut to happen?
Rates are now at crisis level. Retail sales are zero. There is no way rba would cut rates if there is no need
  • #17,724
  • Dec 3, 2012 10:14pm Dec 3, 2012 10:14pm
Quoting DaddyBear
I still keep my projection intact. If you are right then why it moved up after RBA cut rate? Rate cut is just an event. The Law of the Market overrides rate cut.
EXACTLY!
Good luck and may the odds be ever in your favor!
  • #17,725
  • Dec 3, 2012 10:17pm Dec 3, 2012 10:17pm
Quoting DaddyBear
I still keep my projection intact. If you are right then why did it move up after RBA cut rate? Rate cut is just an event. The Law of the Market overrides rate cut.
exactly, i wasnt being sarcastic or anything.
  • #17,726
  • Dec 3, 2012 10:18pm Dec 3, 2012 10:18pm
Quoting DaddyBear
I still keep my projection intact. If you are right then why did it move up after RBA cut rate? Rate cut is just an event. The Law of the Market overrides rate cut.
True. A lot of things are already priced in.
  • #17,727
  • Dec 3, 2012 10:20pm Dec 3, 2012 10:20pm
Quoting bonus76
Rates are now at crisis level. Retail sales are zero. There is no way rba would cut rates if there is no need

What I'm trying to say is that people are confused that the rate cut made the pair shoot up, but it shouldn't be so confusing. If something is needed, and it happens, wouldn't that be good? Thus, a needed cut makes the Aussie go up. Not that the RBA would intentionally destroy the economy.
Play the players, not the cards.
  • #17,728
  • Dec 3, 2012 10:22pm Dec 3, 2012 10:22pm
Quoting GnarlyPips
What I'm trying to say is that people are confused that the rate cut made the pair shoot up, but it shouldn't be so confusing. If something is needed, and it happens, wouldn't that be good? Thus, a needed cut makes the Aussie go up. Not that the RBA would intentionally destroy the economy.
Obviously cut was priced in. Eu and gu were going up while au sideways. I believe aud will go down.
  • #17,729
  • Dec 3, 2012 10:24pm Dec 3, 2012 10:24pm
Quoting DaddyBear
I have never said that 1.062 right after RBA decision. My projection was to reach 1.05xx first before dropping to 1.01xx.
Hi DB,

I would to see 1.052
Attached Image (click to enlarge)
Click to Enlarge Name: AU Long 1.052.jpg Size: 200 KB
Even the worst trade can close with profit. Just give it time.
  • #17,730
  • Dec 3, 2012 10:24pm Dec 3, 2012 10:24pm
Quoting DaddyBear
Now, what is next?
What is next? Since H4 channel is broken. I'd consider a new sub-trend has begun since yesterday. A decent retracement shall be in the cards. Then the Aussie will resume her upward moves.

I hope this answers to OZ's question.
daddybearforex. com
  • #17,731
  • Dec 3, 2012 10:25pm Dec 3, 2012 10:25pm
I feel like this thread has gained a lot of regulars and viewers. It's an excellent thing. But I also think there's more gossip going on here instead of good analysis.
  • #17,732
  • Dec 3, 2012 10:27pm Dec 3, 2012 10:27pm
Quoting John Gray
Hi DB,

I would to see 1.052
John, 1.052 may not be in today's show.
daddybearforex. com
  • #17,733
  • Dec 3, 2012 10:28pm Dec 3, 2012 10:28pm
Quoting m1dnightshad
I feel like this thread has gained a lot of regulars and viewers. It's an excellent thing. But I also think there's more gossip going on here instead of good analysis.
There always will be gossip, so it's always important to follow your own plan/analysis. Off course you can adjust accordingly with the views of others if you agree with some. It's always you who pushes the button, so you gotta learn how to filter and discard what you don't need.

edit:
If I am one of the one's that's Gossiping in your view, please tell me and I will adjust accordingly.
  • #17,734
  • Dec 3, 2012 10:29pm Dec 3, 2012 10:29pm
Quoting m1dnightshad
I feel like this thread has gained a lot of regulars and viewers. It's an excellent thing. But I also think there's more gossip going on here instead of good analysis.
Mama is not here anymore. No more ladies here. Where did you get those gossip?
daddybearforex. com
  • #17,735
  • Dec 3, 2012 10:29pm Dec 3, 2012 10:29pm
As for me - I have no idea where aud will go (actually - I think aud will test 1.0460 and then crash but anyways), but it will go down eventually, thus I'm selling - especially now that it's at much better sell levels.

As I've mentioned before, I think very few debates have been resolved with today's price action.
  • #17,736
  • Dec 3, 2012 10:32pm Dec 3, 2012 10:32pm
Quoting m1dnightshad
I feel like this thread has gained a lot of regulars and viewers. It's an excellent thing. But I also think there's more gossip going on here instead of good analysis.
You're probably referring to that one time when I mentioned that midnightshad might be seeing another trader, and that the other trader got pregnant and now has a baby but has recently started dating yet another trader, causing midnightshad to get very upset.

Sorry, I will try to keep this type of conversation out from this thread in the future
  • #17,737
  • Dec 3, 2012 10:33pm Dec 3, 2012 10:33pm
Quoting DaddyBear
Mama is not here anymore. No more ladies here. Where did you get those gossip?
In case you don't know who Mama is. Mama is doblece, a great lady with abundant wisdom. BTW, I am the Papa. But, we are not in the same family.
daddybearforex. com
  • #17,738
  • Dec 3, 2012 10:35pm Dec 3, 2012 10:35pm
Quoting DaddyBear
In case you don't know who Mama is. Mama is doblece, a great lady with abundant wisdom. BTW, I am the Papa. But, we are not in the same family.
what happened to mama?
  • #17,739
  • Dec 3, 2012 10:35pm Dec 3, 2012 10:35pm
Quoting GnarlyPips
What I'm trying to say is that people are confused that the rate cut made the pair shoot up, but it shouldn't be so confusing. If something is needed, and it happens, wouldn't that be good? Thus, a needed cut makes the Aussie go up. Not that the RBA would intentionally destroy the economy.

Or maybe the cut was bad because the Aussie is more appealing meaning it hurts the economy because of the extra demand. May the RBA is trying to destroy the Australian economy.
Play the players, not the cards.
  • #17,740
  • Dec 3, 2012 10:37pm Dec 3, 2012 10:37pm
Quoting GnarlyPips
Or maybe the cut was bad because the Aussie is more appealing meaning it hurts the economy because of the extra demand. May the RBA is trying to destroy the Australian economy.
I think you are overanalyzing things^^

Fact=the rate was cut.
PA - apply technical analysis and ignore factual information^^
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