DislikedCopper price down 2.5%. Gold price down 0.6%. AUD getting slaughtered by USD. Gold has more bearing, but whenever copper is sold down heavily the AUD follows (despite it only being 3% of Aust exports). Over-reaction,Ignored
- #20,742
- Jan 29, 2015 6:38am Jan 29, 2015 6:38am
- | Joined Jan 2015 | Status: Zaedno pravi sila. Cosmos e za nas. | 1,932 Posts
- #20,744
- Jan 29, 2015 6:56am Jan 29, 2015 6:56am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
OK fellow traders - this is improved camarilla indicator. I have received this indicator from a friend who respects my work and who made it specially for me. Thanks to Milivoje from Croatia!
I will share the indicator for you, this is yet another contribution to our beloved FF and all traders who are contributing to our growing family here on Spider's Den.
I will share the indicator for you, this is yet another contribution to our beloved FF and all traders who are contributing to our growing family here on Spider's Den.
- #20,745
- Jan 29, 2015 6:58am Jan 29, 2015 6:58am
{quote} I sit in the camp of no rate cut. I could be wrong, but the last couple of rate cuts were not fed through in full by the Banks to the customers/borrowers. RBA is aware of that being a possibility again. There is no public noise about interest rates being too high, so I don't believe there is pressure on the RBA to cut rates, despite bank economists looking for the cut. The housing bubble is also known to the RBA. Pure fundamentals of the commodities prices are driving the AUD lower without any need for rate cut at the moment. Bond markets...
I concur. Nothing to be gained by lowering rates when other factors are doing the job so nicely. There may be an opportunity on Tuesday for a bit o a bounce, but longer term would expect the same direction for a bit yet, that being the year probably. I think .72's are in the picture as part of the larger move.
- #20,748
- Jan 29, 2015 9:07am Jan 29, 2015 9:07am
- Joined Oct 2011 | Status: Lost.... | 2,384 Posts
Lost....
- #20,751
- Jan 29, 2015 9:15am Jan 29, 2015 9:15am
- Joined Oct 2011 | Status: Lost.... | 2,384 Posts
Lost....
- #20,753
- Jan 29, 2015 9:48am Jan 29, 2015 9:48am
hey t
its been a wile since I've visited the den. (FF was still using the vouch system ) glad to see your still helping out the little guys. wile i don't use the camarilla system .the isight that the den gives you is priceless. good traders always find their way here. to all you new traders, take a second to look at T's first post on the forum (trading is like trapping) that one post helped me better understand the psychology of the market. there a far better traders than myself on the forum so i won't bore you with my analysis. but i feel i can offer help in the psycological aspect of trading.(as we all know is half of the trading battle ). So young traders feel free to post your trade plan wile you trade (entry: stop loss: take profit: and reason for taking the trade)(with T's permission of corse) if it goes wrong and you want to know why i can help and T thank you for your help in making me a better trader. next time your in miami give me a ring. got a cold one with your name on it
green pips to all,
Sy
its been a wile since I've visited the den. (FF was still using the vouch system ) glad to see your still helping out the little guys. wile i don't use the camarilla system .the isight that the den gives you is priceless. good traders always find their way here. to all you new traders, take a second to look at T's first post on the forum (trading is like trapping) that one post helped me better understand the psychology of the market. there a far better traders than myself on the forum so i won't bore you with my analysis. but i feel i can offer help in the psycological aspect of trading.(as we all know is half of the trading battle ). So young traders feel free to post your trade plan wile you trade (entry: stop loss: take profit: and reason for taking the trade)(with T's permission of corse) if it goes wrong and you want to know why i can help and T thank you for your help in making me a better trader. next time your in miami give me a ring. got a cold one with your name on it
green pips to all,
Sy
EU is currently moved back to daily open.
On daily chart it still showing a bearish trend, i would like to see head & shoulder forming on 4H chart and testing the previous 1.113x area if daily closed below 1.1254x.
On daily chart it still showing a bearish trend, i would like to see head & shoulder forming on 4H chart and testing the previous 1.113x area if daily closed below 1.1254x.
- #20,760
- Jan 30, 2015 2:52am Jan 30, 2015 2:52am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
EURNZD is having a strong uptrend. As we can see previous running triangle has been broken and the price has continued with up momentum.A pullback to 5470 zone could give us fresh buying. 38.2, ex breakout buyers and L4 zone should stands for POC in uptrend.
