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  • #75,101
  • Mar 25, 2014 7:27pm Mar 25, 2014 7:27pm
Has anyone else noticed that, on a 15 minute chart at least, the base of the past 10 of so candlesticks all line up in a line? Why is price so fond of drawing horizontal lines today? It just looks like a large limit buy order being filled.
  • #75,102
  • Mar 25, 2014 7:37pm Mar 25, 2014 7:37pm
Market makers have a big hand in this game too, making the most irrational moves imo which to me this looks like, as we had a lot of players trying to short and mm players probably working off this to get to their profit objectives.
All posts are my personal opinion
  • #75,103
  • Mar 25, 2014 7:40pm Mar 25, 2014 7:40pm
Told ya that a certain country is behind this, most likely China and Rusia
They are shifting foreign reserve
  • #75,104
  • Mar 25, 2014 7:45pm Mar 25, 2014 7:45pm
stockmarket also rising fast, into record territory again in the USA, supporting risk big time.
  • #75,105
  • Mar 25, 2014 7:46pm Mar 25, 2014 7:46pm
RBA Financial Stability Review released: Deleveraging has run its course .

 

  1. Financial conditions for business have improved, deleveraging has run its course
  2. Total mortgage buffers equal to around 24 months of payments at current interest rates
  3. Many households still paying down mortgages more quickly than required
  4. Indicators of household financial stress remain low, prudence still needed
  5. RBA sees little danger of a glut in new housing supply that would pressure home prices
  6. But pick up in home investment needs watching, cyclical rise in prices cannot go on forever
  7. Present housing conditions do not represent a risk to financial stability
  8. Lending standards broadly steady, but signs some banks easing standards to selected borrowers
  9. Important that banks do not loosen lending standards, especially on home loans
  10. Local banking system performing strongly, well placed to meet capital needs

  • #75,106
  • Mar 25, 2014 7:49pm Mar 25, 2014 7:49pm
Looking like a failed breakout at the moment. No significant follow through from yesterday. Resistance at .917x.
RBA Stevens will try to talk it down 6 hours from now. Doesn't appear to be rallying so far during the Asian session, as it did at beginning of last two Asian sessions. My crystal ball is a little foggy, but risk/reward suggests a short from .9165 for a .9130 target with a 9 hour time frame and a stop at .9185 seems reasonable.
  • #75,107
  • Mar 25, 2014 8:07pm Mar 25, 2014 8:07pm
Pretty unbelievable The Aud/Usd hasn't gone up yet IMO, and I say this having a short.
  • #75,108
  • Mar 25, 2014 8:12pm Mar 25, 2014 8:12pm
Quoting Pmd1963
Looking like a failed breakout at the moment. No significant follow through from yesterday. Resistance at .917x. RBA Stevens will try to talk it down 6 hours from now. Doesn't appear to be rallying so far during the Asian session, as it did at beginning of last two Asian sessions. My crystal ball is a little foggy, but risk/reward suggests a short from .9165 for a .9130 target with a 9 hour time frame and a stop at .9185 seems reasonable.
yep possible to take a breather at the moment. been up 4 days in a row and nearly 1.5%.
  • #75,109
  • Mar 25, 2014 8:14pm Mar 25, 2014 8:14pm
Just a little bit of thought

look at the bigger picture, weekly chart, you can see RSI bullish divergence
it is also forming a bullish gartley pattern
so the big picture trend is (probably) up

in the short term, we will see a bit of dips, but we haven't reached any major resistance yet
so stay away and eat pop corn until we see a clear resistance
  • #75,110
  • Mar 25, 2014 8:32pm Mar 25, 2014 8:32pm
Quoting palabara
I'm going to make a general statement, and whoever cares can reflect on this but from an observational point -- Anticipation is a killer -- Such as.. That everyone anticipates that AUD is going to go down.. When -- Eventually.. So everyone is already positioning themselves for the short that is going to happen in the future.. Now it might still go up to .9200 it might go up to .9300 who knows, but people already stacking shorts in anticipation of this down movement. Anticipation is a killer -- If you don't think its going to continue up then wait...
Discipline, it is a very hard thing to stick with.. I fail but are getting better.
A genius is born every minute, me I am lucky if my socks match.
  • #75,111
  • Mar 25, 2014 9:06pm Mar 25, 2014 9:06pm
Rumour has it that Gov Stevens is going to do the speech with his pants around his ankles, a Viking hat and a red clown nose.
I cannot confirm the rumour or disclose the source but it was also mentioned a yawp or two and a shoe may be thrown in for good measure.

My H4 still stands at this point in time. I am holding shorts but will manual close out if no jaw boning action after Gov Stevens speech.
A genius is born every minute, me I am lucky if my socks match.
  • #75,112
  • Mar 25, 2014 9:11pm Mar 25, 2014 9:11pm
Quoting whackdiddy
Rumour has it that Gov Stevens is going to do the speech with his pants around his ankles, a Viking hat and a red clown nose. I cannot confirm the rumour or disclose the source but it was also mentioned a yawp or two and a shoe may be thrown in for good measure. My H4 still stands at this point in time. I am holding shorts but will manual close out if no jaw boning action after Gov Stevens speech.
The above is to highlight why you should not trade on news alone. If a news paper article said the above you would be short for 100.0 lots, only to find out that the journalist did not take his medication or heard incorrectly.

This has been my mistake over the last month, I have been doing the charts and reading them extremely well but then mixing emotions and putting doubt on my chart reading by looking at news and current affairs. If I had the discipline to stick with my charts I would be a wealthier man.
A genius is born every minute, me I am lucky if my socks match.
  • #75,113
  • Mar 25, 2014 9:15pm Mar 25, 2014 9:15pm
Quoting whackdiddy
{quote} The above is to highlight why you should not trade on news alone. If a news paper article said the above you would be short for 100.0 lots, only to find out that the journalist did not take his medication or heard incorrectly. This has been my mistake over the last month, I have been doing the charts and reading them extremely well but then mixing emotions and putting doubt on my chart reading by looking at news and current affairs. If I had the discipline to stick with my charts I would be a wealthier man.
So we look nothing except the chart ... it's the safest way
  • #75,114
  • Mar 25, 2014 9:20pm Mar 25, 2014 9:20pm
Quoting 50pipsperday
Long 2.5 lots. Come at me bro.
What is your plan 50p? Are you going to get out on the emotional / psychological just before Knight Stevens does his speech or hold longer term?
A genius is born every minute, me I am lucky if my socks match.
  • #75,115
  • Mar 25, 2014 9:36pm Mar 25, 2014 9:36pm
hmmss... 200ema on 1 hourly.. my target.. *prays*
  • #75,116
  • Mar 25, 2014 10:07pm Mar 25, 2014 10:07pm
I dropped my long. I have to many positions and can't afford positive equity to go back to B/E or negative equity. I don't trust STEVE! he will try to sabotage things with his fancy words about expansive and rates.. I'll re-enter after the shit storm.
There are those who know, and there are those who don't know.
  • #75,117
  • Mar 25, 2014 10:32pm Mar 25, 2014 10:32pm
sneeze
  • #75,118
  • Mar 25, 2014 10:35pm Mar 25, 2014 10:35pm
what's with the breaking news.. I thought his not up till a few more hours?! What he forgot the time.
There are those who know, and there are those who don't know.
  • #75,119
  • Mar 25, 2014 10:36pm Mar 25, 2014 10:36pm
1130pm et
  • #75,120
  • Mar 25, 2014 10:40pm Mar 25, 2014 10:40pm
account blown
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