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Aussie Trading Room and Cartoons Gallery

  • #28,341
  • Mar 4, 2013 3:25am Mar 4, 2013 3:25am
Quoting aeternum
Took a long at 1.01216. TP at 1.02241. After which it would be better to see what it does at the fib levels.
Closed at 1.0136. Continued scalping longs and shorts for a further almost 15 pips.
A 1 pip gain is better than a 1 pip loss.
  • #28,342
  • Mar 4, 2013 4:34am Mar 4, 2013 4:34am
Hi DB

There are no links and you know why.
Candles hide where momentum starts and finishes.
  • #28,343
  • Edited 7:58am Mar 4, 2013 7:40am | Edited 7:58am
Quoting forexalien
Yes......Don't go on vacation again........? No laptop.....? Maybe you could go on vacation again, and take one for the team here, so we can make 800 pips......
Posted on Jan 5th...............


http://www.forexfactory.com/attachme...1&d=1357433488 (http://www.forexfactory.com/attachment.php?attachmentid=1110625&d=1357433488)
The More You Learn, The More You Earn.....
  • #28,344
  • Mar 4, 2013 7:43am Mar 4, 2013 7:43am
Good morning to everyone.

Seems to me, the bottom has not been in place yet.
daddybearforex. com
  • #28,345
  • Mar 4, 2013 7:46am Mar 4, 2013 7:46am
Quoting forexalien
Posted on Jan 15th...............


http://www.forexfactory.com/attachme...1&d=1357433488 (http://www.forexfactory.com/attachment.php?attachmentid=1110625&d=1357433488)
IMO, the weekly triangle is invalid.
daddybearforex. com
  • #28,346
  • Mar 4, 2013 7:47am Mar 4, 2013 7:47am
Quoting forexalien
Posted on Jan 15th...............


http://www.forexfactory.com/attachme...1&d=1357433488 (http://www.forexfactory.com/attachment.php?attachmentid=1110625&d=1357433488)
450 pips so far anyway..............
The More You Learn, The More You Earn.....
  • #28,347
  • Mar 4, 2013 8:01am Mar 4, 2013 8:01am
Is RBA going to cut the rate tonight?
daddybearforex. com
  • #28,348
  • Mar 4, 2013 8:14am Mar 4, 2013 8:14am
Quoting DaddyBear
Is RBA going to cut the rate tonight?
The RBA will not cut rates. The economy is not that bad in Aus. That said; they would prefer to lower the Aussie dollar.
  • #28,349
  • Mar 4, 2013 9:30am Mar 4, 2013 9:30am
Quoting DaddyBear
Good morning to everyone.

Seems to me, the bottom has not been in place yet.
Good Morning papa...any idea where that bottom might be at ... last night I was thinking the 1.0090-75 range....no doubt I was wrong... definitely wasn't expecting it to make it back up to 1.0160 like it did...having a bit of a rough time getting the feel of the PA so far...but the week is early and I'm confident I'll get it back..
  • #28,350
  • Mar 4, 2013 9:42am Mar 4, 2013 9:42am
Quoting petehnm
Good Morning papa...any idea where that bottom might be at ... last night I was thinking the 1.0090-75 range....no doubt I was wrong... definitely wasn't expecting it to make it back up to 1.0160 like it did...having a bit of a rough time getting the feel of the PA so far...but the week is early and I'm confident I'll get it back..
Pete, I think the best way to do is using higher TF to gauge the entry point.
daddybearforex. com
  • #28,351
  • Mar 4, 2013 9:56am Mar 4, 2013 9:56am
Quoting DaddyBear
Pete, I think the best way to do is using higher TF to gauge the entry point.
will do papa...thanks ....gonna test the waters here with a small short at 1.0163....took a look at the daily and saw an awful long tail on the short side..might be time for it to fill it back up...just a thought...
  • #28,352
  • Mar 4, 2013 12:50pm Mar 4, 2013 12:50pm
In the daily chart, the Aussie is still in a downtrend channel. So, current PA in H4 could be a bounce.
daddybearforex. com
  • #28,353
  • Mar 4, 2013 1:34pm Mar 4, 2013 1:34pm
Quoting DaddyBear
In the daily chart, the Aussie is still in a downtrend channel. So, current PA in H4 could be a bounce.
Closed my position
happy koala
  • #28,354
  • Mar 4, 2013 2:57pm Mar 4, 2013 2:57pm
Quoting HelloOz
Closed my position
happy koala
Is it mating time of koala in Australia? Is that the reason you are happy?
daddybearforex. com
  • #28,355
  • Mar 4, 2013 3:14pm Mar 4, 2013 3:14pm
Considering the poor economic releases I can't see the rate statement being hawkish, more likely dovish tone if no rate cut (likely) or swan dive down if they cut rate, hence I reckon it will rise/range up until announcement and then drop a leg down.

Basically seems like a good opportunity for a short, no?
  • #28,356
  • Mar 4, 2013 3:48pm Mar 4, 2013 3:48pm
Quoting petehnm
will do papa...thanks ....gonna test the waters here with a small short at 1.0163....took a look at the daily and saw an awful long tail on the short side..might be time for it to fill it back up...just a thought...
Well that didn't work out... 15pip stop hit.... Gonna try a short at 1.0210-15...
  • #28,357
  • Mar 4, 2013 3:49pm Mar 4, 2013 3:49pm
Quoting Nerys13
Considering the poor economic releases I can't see the rate statement being hawkish, more likely dovish tone if no rate cut (likely) or swan dive down if they cut rate, hence I reckon it will rise/range up until announcement and then drop a leg down.

Basically seems like a good opportunity for a short, no?
I wouldn't risk trading the rate decision. Wait till after when the market resumes momentum.
  • #28,358
  • Mar 4, 2013 4:04pm Mar 4, 2013 4:04pm
Quoting DaddyBear
Is it mating time of koala in Australia? Is that the reason you are happy?
we mate all the time..
  • #28,359
  • Mar 4, 2013 4:07pm Mar 4, 2013 4:07pm
The Reserve Bank of Australia is widely expected to keep the cash rate unchanged when its board meets on Tuesday.


All 13 economists surveyed by AAP said the central would not reduce the cash rate from its current level of three per cent.


HSBC Australia chief economist Paul Bloxham said business spending figures, released last week, showed there was a lot of investment in the pipeline that would stimulate the economy for months to come.


"The continued rise in mining investment, as (the building of) large LNG (liquefied natural gas) projects continue, should support growth, which should give the RBA more time to see the impact on the non-mining sectors of the cuts it has already delivered," he said.


Nine of those economists surveyed by AAP expect a rate cut some time in the next six months.
  • #28,360
  • Mar 4, 2013 4:34pm Mar 4, 2013 4:34pm
You might but the rest of the population is around nov - dec LOL
Quoting HelloOz
we mate all the time..
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