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  • #95,141
  • Feb 1, 2016 7:59pm Feb 1, 2016 7:59pm
Hi all

My take upon RBA statement is price will spiked above 7200 handle but will be capped down 7350 unless current 6950 holding lvl is taken out.

Green pippies to all.

GS.
  • #95,142
  • Feb 1, 2016 8:20pm Feb 1, 2016 8:20pm
If the Australian economy was looking positive then you would think the govt future fund would be investing more into it.

Its not as mentioned here http://www.abc.net.au/news/2016-01-2...s-rise/7116996

Our global economic partners are struggling.

RBA may well try and add jawboning confidence to a poor consumer sentiment but that would be lying in my view.
  • #95,143
  • Feb 1, 2016 9:32pm Feb 1, 2016 9:32pm
Mute
  • #95,144
  • Feb 1, 2016 9:38pm Feb 1, 2016 9:38pm
Quoting Ken A
Mute
completely
  • #95,145
  • Feb 1, 2016 9:40pm Feb 1, 2016 9:40pm
RBA statement really summed up in the last paragraph and not the waffle before hand.

"Over the period ahead, new information should allow the Board to judge whether the recent improvement in labour market conditions is continuing and whether the recent financial turbulence portends weaker global and domestic demand. Continued low inflation may provide scope for easier policy, should that be appropriate to lend support to demand."


Sell
  • #95,146
  • Feb 1, 2016 9:51pm Feb 1, 2016 9:51pm
Quoting Vorex
I'm expecting the RBA to hold interest rate and so AUD/USD will initially go up 40-50 pips, the statement will be dovish and so AUD will go back down.
We didn't go up 40-50 as expected but still I want my karma points.
Edit: oh this is not reddit sorry, people act like it when they are right ( I told you so bla bla bla ) and hide when they are wrong.
  • #95,147
  • Feb 1, 2016 9:55pm Feb 1, 2016 9:55pm
Quoting genghistar
Hi all My take upon RBA statement is price will spiked above 7200 handle but will be capped down 7350 unless current 6950 holding lvl is taken out. Green pippies to all. GS.
Well I am wrong about that spike and will be looking to sell her with SL@7145 and initial tp@ 6950 and add to the next subsequent bounce.

GS
  • #95,148
  • Feb 1, 2016 10:00pm Feb 1, 2016 10:00pm
My sell order at 0.7133 didn't get triggered
By the way it's going down because of Oil not Dovish statement.
  • #95,149
  • Edited 10:30pm Feb 1, 2016 10:01pm | Edited 10:30pm
Set for a final 5th leg orange down with SL @ upper channel line invalidation for good R/R from here.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1 2Feb16b.png Size: 38 KB


http://www.forexfactory.com/showthre...89#post8705389
Elliott Wave for optimum entry, exit and risk management of trades
  • #95,150
  • Feb 2, 2016 12:19am Feb 2, 2016 12:19am
I just added to my short from 71.20 at 70.74. Headed south
  • #95,151
  • Feb 2, 2016 12:21am Feb 2, 2016 12:21am
Quoting skyhok
Set for a final 5th leg orange down with SL @ upper channel line invalidation for good R/R from here. {image} http://www.forexfactory.com/showthre...89#post8705389
i missed that trade...where do u think it will retrace to load some short position?
  • #95,152
  • Feb 2, 2016 12:48am Feb 2, 2016 12:48am
Shorters should be cautious.

#justsaying

My hourly chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 60 KB
  • #95,153
  • Edited 2:53am Feb 2, 2016 1:54am | Edited 2:53am
Quoting EinsWaltz
{quote} i missed that trade...where do u think it will retrace to load some short position?
That's a good question.
Correction 4 has so well coiled up in the last 3 weeks for a possible swift decline, I just scale-in with very minor initial positions & let them do the work. And add 'big' only when you see it 'run-in' to a trend, for a longer term run.
Elliott Wave for optimum entry, exit and risk management of trades
  • #95,154
  • Feb 2, 2016 2:02am Feb 2, 2016 2:02am
Quoting SkyrEk
Shorters should be cautious. #justsaying My hourly chart. {image}
imo we will see.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.png Size: 21 KB
"Nothing comes easy"
  • #95,155
  • Feb 2, 2016 2:12am Feb 2, 2016 2:12am
Quoting synapsez
{quote} imo we will see. {image}
yup, see how prices go from here
  • #95,156
  • Feb 2, 2016 2:45am Feb 2, 2016 2:45am
Quoting SkyrEk
Shorters should be cautious. #justsaying My hourly chart. {image}
Hmm, my hourly looks like this , lets see if it can poke thru the neckline and get to there.
Attached Image (click to enlarge)
Click to Enlarge Name: aud hourly.jpg Size: 222 KB
  • #95,157
  • Feb 2, 2016 3:03am Feb 2, 2016 3:03am
Quoting digger1
{quote} Hmm, my hourly looks like this , lets see if it can poke thru the neckline and get to there. {image}
20 Pips a day keeps centerlink away
  • #95,158
  • Feb 2, 2016 3:04am Feb 2, 2016 3:04am
Quoting EinsWaltz
{quote} i missed that trade...where do u think it will retrace to load some short position?
Watch around the weekly pivot around 7046 ish area , drops thru that look for a quick retest , may be a spot to try to get in with a small position , if it drops thru , from retest to todays S2 at 7011 may be a nice little trade , has to get thru the weekly pivot tho
  • #95,159
  • Feb 2, 2016 3:20am Feb 2, 2016 3:20am
Quoting digger1
{quote}Watch around the weekly pivot around 7046 ish area , drops thru that look for a quick retest , may be a spot to try to get in with a small position , if it drops thru , from retest to todays S2 at 7011 may be a nice little trade , has to get thru the weekly pivot tho
Yup, have to see how PA plays out from here. Looks like bulls are not giving up without a good fight.
  • #95,160
  • Feb 2, 2016 3:26am Feb 2, 2016 3:26am
Quoting SkyrEk
{quote} Yup, have to see how PA plays out from here. Looks like bulls are not giving up without a good fight.
Only bulls left fighting atm are the ones in copper , they are going to either pull oil and natural gas up or turn and follow the others down , bout to find out
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