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  • #31,461
  • Jun 3, 2013 5:57am Jun 3, 2013 5:57am
RA rates announcement tomorrow - up / down / neutral what are peoples thoughts?
  • #31,462
  • Edited 7:09am Jun 3, 2013 6:42am | Edited 7:09am
Quoting GeoTrade
RA rates announcement tomorrow - up / down / neutral what are peoples thoughts?
IMO Rates will be on hold, the RBA hasnt got much more room to move down on rates.
The big boys already know this and haven't pushed the AUD further today.
However today's bull run could turn into a bear run tonight (when NY opens) just to fool all of us so we all go short just before the interest rate announcement.....
Have a nice day
  • #31,463
  • Jun 3, 2013 6:56am Jun 3, 2013 6:56am
Quoting DaddyBear
{quote} IMO, Forex markets' paths were preset longtime ago. News is not the driving force behind the moves but only the catalysts. When projecting the next moves, I did not look at the calendar. News was not in my mind.
Like the cycle of water or ripples set in motion a long time ago.............
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The More You Learn, The More You Earn.....
  • #31,464
  • Jun 3, 2013 6:59am Jun 3, 2013 6:59am
Quoting lolygagv2
So I just checked the side of retail traders for Aussie..........longs...IT's 5.46:1 ratio......wtf, that's like what happened during the whole run from USDJPY from 100 down to 74. Basically it means, there's not many retailers who will be buying now, compared to those that will jump ship and SELL when they get stopped out by the big boys shorting tomorrow... I think Aussie is gonna go much lower..wow. I must say, SOMETIMES, like rarely, but sometimes retail gets it right, and when it gets extreme like this, it can indicate a turning point. But...
Last night was a good setup for a long, but keep a SL as the Daily is still short..............
The More You Learn, The More You Earn.....
  • #31,465
  • Jun 3, 2013 7:02am Jun 3, 2013 7:02am
Quoting azzam
this last 6-7 weeks forex crunch always right, and this week it still predict a bearish move. i alredy take my short aiming 9550....but currently she's going up...... 'what a rotten luck!!'
This is why you Don't > i alredy take my short
The More You Learn, The More You Earn.....
  • #31,466
  • Jun 3, 2013 7:56am Jun 3, 2013 7:56am
i took short. 665 SL 675 TP 550
  • #31,467
  • Jun 3, 2013 8:18am Jun 3, 2013 8:18am
Correct me if i am wrong, from 4H seems very strong up, if tmr RBA holds the IR, it might go up?
Logics do not apply in FOREX
  • #31,468
  • Jun 3, 2013 8:49am Jun 3, 2013 8:49am
Quoting bskwak1124
if the RBA holds the IR, it might go up?
It should go up but I'd put a tight SL because in recent times price didn't respond to positive AUD news
because of the increased demand for USD's.
Have a nice day
  • #31,469
  • Jun 3, 2013 8:49am Jun 3, 2013 8:49am
Quoting billv
{quote} IMO Rates will be on hold, the RBA hasnt got much more room to move down on rates. The big boys already know this and haven't pushed the AUD further today. However today's bull run could turn into a bear run tonight (when NY opens) just to fool all of us so we all go short just before the interest rate announcement.....

Who said? And why so? And what if they come up with rate cut to 2.5?
  • #31,470
  • Jun 3, 2013 8:56am Jun 3, 2013 8:56am
Quoting Rivid
i took short. 665 SL 675 TP 550
Good entry and low risk but IMO reconsider your TP because IMHO it is likely to reverse and hit your SL before it gets to 550
Have a nice day
  • #31,471
  • Jun 3, 2013 9:03am Jun 3, 2013 9:03am
Quoting namitak007
{quote} Who said? And why so? And what if they come up with rate cut to 2.5?
Well, history is telling us that the current cash rate is the lowest its been for a very long time.
The RBA doesn't cut rates month after month, they are waiting for the economy to respond and btw I read it in one of their releases that it is already doing that.
Also, unemployment is still VERY low and they have other obligations to keep interest rates high
because they don't want a housing bubble and also because of self funded retirees (pensioners) who live from the interest.
And finally the AUD has fallen a LOT in a VERY short time which is very bad for business and price rises (inflation) will be next
Have a nice day
  • #31,472
  • Jun 3, 2013 9:15am Jun 3, 2013 9:15am
Bears juice... 9700
Use me as a contrarian indicator
  • #31,473
  • Jun 3, 2013 9:16am Jun 3, 2013 9:16am
Great summary billlv! Tend to agree with your call on ir's for this month. But nothing surprises!!
  • #31,474
  • Jun 3, 2013 9:17am Jun 3, 2013 9:17am
Quoting CNTrader
{quote} Target 1 attained!! Chart with an update on the Harmonic analysis and potential set ups: Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank (http://www.forexfactory.com/#) {image}

Target 2 attained:

Attached Image (click to enlarge)
Click to Enlarge Name: AudUsd 1hr.gif Size: 78 KB



Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank (http://www.forexfactory.com/#)
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #31,475
  • Jun 3, 2013 9:40am Jun 3, 2013 9:40am
I expact covering of Monday gap. That's why i'm short @ 0.9699, TP 0.9570.
  • #31,476
  • Jun 3, 2013 9:49am Jun 3, 2013 9:49am
Quoting sharovegas
I expact covering of Monday gap. That's why i'm short @ 0.9699, TP 0.9570.

Could happen, but 9730-40 first. You should wait 4 that.
Use me as a contrarian indicator
  • #31,477
  • Jun 3, 2013 9:53am Jun 3, 2013 9:53am
Quoting mrbandwidth
{quote} Could happen, but 9730-40 first. You should wait 4 that.

Ok we just hit that, any ideas why it's skyrocketing right now?
  • #31,478
  • Jun 3, 2013 9:56am Jun 3, 2013 9:56am
Quoting lolygagv2
{quote} Ok we just hit that, any ideas why it's skyrocketing right now?
to hit your stop loss
As Above, So Below
  • #31,479
  • Jun 3, 2013 9:59am Jun 3, 2013 9:59am
Quoting tashkent
{quote} to hit your stop loss

Yeah, maybe London closing stop hunting I guess, I was hoping there was some news, it worked great last night.
  • #31,480
  • Jun 3, 2013 10:02am Jun 3, 2013 10:02am
Quoting lolygagv2
{quote} Ok we just hit that, any ideas why it's skyrocketing right now?
Manufacturing in U.S. Shrinks at Fastest Pace in Four Years (http://www.forexfactory.com/news.php?do=news&id=430431)
Use me as a contrarian indicator
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