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  • #91,041
  • Jul 6, 2015 12:23am Jul 6, 2015 12:23am
Hello PixeLM,
The property was in Wilsons Creek in the late forties and early fifties...Bloody hell I feel very old !!!!!!!! No made roads or power ...The good old days....Times certainly have changed...Saw a photo of the main street of Mullumbimby last year...Vacant blocks in the main street in my time up there.
Ronald
Ronnie Renko
  • #91,042
  • Jul 6, 2015 12:28am Jul 6, 2015 12:28am
We also owned a house near the Norco factory which was located on the river next to the railway line....
Ronnie Renko
  • #91,043
  • Jul 6, 2015 1:56am Jul 6, 2015 1:56am
Quoting Lalilulelo
{quote} Hi, I am new to this pair so I was looking for some insight. By what you said, looking at the sentiment and the 4 hour RSI everything seems to indicate a possible bounce upwards. However, I see such a bearish trend that I am not sure whether I should wait for it to come down to the .07200 or .07100 levels in order to buy or go in now and hold even though it drops. Also, if the RBA meets its forecast of 2.00% would this be positive of negative for the pair? Thanks
If RBA holds interest rate at 2% then AUD will go up some 90-100 pips.
  • #91,044
  • Jul 6, 2015 1:57am Jul 6, 2015 1:57am
Quoting Vorex
{quote} If RBA holds interest rate at 2% then AUD will go up some 90-100 pips.
They will most definitely hold the rate, just a matter of what words accompany it. It's always those words that you can never count on.
  • #91,045
  • Jul 6, 2015 1:59am Jul 6, 2015 1:59am
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_H4.gif Size: 240 KB
  • #91,046
  • Jul 6, 2015 3:02am Jul 6, 2015 3:02am
NNSW here, obvious where
  • #91,047
  • Jul 6, 2015 8:02am Jul 6, 2015 8:02am
Quoting Lalilulelo
{quote} Hi, I am new to this pair so I was looking for some insight. By what you said, looking at the sentiment and the 4 hour RSI everything seems to indicate a possible bounce upwards. However, I see such a bearish trend that I am not sure whether I should wait for it to come down to the .07200 or .07100 levels in order to buy or go in now and hold even though it drops. Also, if the RBA meets its forecast of 2.00% would this be positive of negative for the pair? Thanks
Markets are pricing-in a possible dovish commentary from RBA, which would suggest the further rate-cut, although not on Tuesday but surely in the near-term.
However, given the recent sharp weakness, to me AUDUSD seems to find some support near/below 0.7400 mark. Any bounce-back is likely to be short-lived and is unlikely to clear a major support break level now turned immediate strong resistance near 0.7600-0.7580 area.
  • #91,048
  • Jul 6, 2015 9:58am Jul 6, 2015 9:58am
Quoting HareshBM
{quote} Markets are pricing-in a possible dovish commentary from RBA, which would suggest the further rate-cut, although not on Tuesday but surely in the near-term. However, given the recent sharp weakness, to me AUDUSD seems to find some support near/below 0.7400 mark. Any bounce-back is likely to be short-lived and is unlikely to clear a major support break level now turned immediate strong resistance near 0.7600-0.7580 area.
I also agree on there being a shot term bounce given a steady rate of 2.00%. The statement is probably going to reflect negativity, allowing the AUD/USD to reenter its stronger down trend braking at around that support level you mentioned (.74000). Although it could drop lower depending on the FOMC statement.
  • #91,049
  • Jul 6, 2015 10:06am Jul 6, 2015 10:06am
Quoting Dano12
{image}
Dano12:
What is vertical green (light) line for? the possible range?
Simple is powerful all the time.
  • #91,050
  • Jul 6, 2015 11:14am Jul 6, 2015 11:14am
Quoting RiverTrader
{quote} Dano12: What is vertical green (light) line for? the possible range?
yes the equality of waves in zigzag
or reach a width of consolidation or elongated waves of 1,165- 75 fibo or longer 2 - 2.61 fib

depends on what we have or wave 3 or C
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_H4.gif Size: 232 KB
  • #91,051
  • Jul 6, 2015 2:29pm Jul 6, 2015 2:29pm
Quoting Dano12
{quote} yes the equality of waves in zigzag or reach a width of consolidation or elongated waves of 1,165- 75 fibo or longer 2 - 2.61 fib depends on what we have or wave 3 or C {image}
very interesting view...bearish in general anyway, imho.
  • #91,052
  • Jul 6, 2015 6:05pm Jul 6, 2015 6:05pm
if today, they maintain interest rate, AUD will go up.
  • #91,053
  • Jul 6, 2015 8:43pm Jul 6, 2015 8:43pm
Overseas Arrivals and Departures, Australia, May 2015
and
Livestock and Meat, Australia, May 2015
http://www.abs.gov.au/websitedbs/D33...e?opendocument
  • #91,054
  • Jul 6, 2015 9:30pm Jul 6, 2015 9:30pm
new low is waiting for aussie after 2 hours... sentiment of the pair is highly bearish
  • #91,055
  • Jul 6, 2015 9:42pm Jul 6, 2015 9:42pm
hey guys.. hope everyone is well

im long as well.. rode out the gap down

hows everyone holding up... its been a while since I have been here
  • #91,056
  • Jul 6, 2015 9:51pm Jul 6, 2015 9:51pm
Quoting fxjawn
hey guys.. hope everyone is well im long as well.. rode out the gap down hows everyone holding up... its been a while since I have been here
only commentry by rba move aud. so if they go for easing in future then the pair easily blow out lower levels.
  • #91,057
  • Jul 6, 2015 10:13pm Jul 6, 2015 10:13pm
Quoting ffmonry
{quote} only commentry by rba move aud. so if they go for easing in future then the pair easily blow out lower levels.
exactly... light position in my end
  • #91,058
  • Jul 6, 2015 10:51pm Jul 6, 2015 10:51pm
My understanding is RBA wants Aussie at 75-76 which is exactly where it is and I suspect there will be no changes unless they want it lower.
I don't see the point of it since Yen is getting stronger.
My fingers at trigger to go long
In trading, you have to be defensive and aggressive at the same time
  • #91,059
  • Jul 6, 2015 11:11pm Jul 6, 2015 11:11pm
Quoting Davit
My understanding is RBA wants Aussie at 75-76 which is exactly where it is and I suspect there will be no changes unless they want it lower. I don't see the point of it since Yen is getting stronger. My fingers at trigger to go long
Then do what I did, Sell GBP/AUD at 2.0857, it should move some 200 pips down more profitable than AUD/USD.
  • #91,060
  • Jul 6, 2015 11:14pm Jul 6, 2015 11:14pm
Quoting Vorex
{quote} Then do what I did, Sell GBP/AUD at 2.0857, it should move some 200 pips down more profitable than AUD/USD.
I considered but check your calendar Manufacturing news at 4.30am EST
Projection is positive and that could push all G pairs higher.
Regards
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 3 KB
In trading, you have to be defensive and aggressive at the same time
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