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  • #661
  • Apr 22, 2016 1:31pm Apr 22, 2016 1:31pm
Have a good weekend everyone!
  • #662
  • Apr 22, 2016 2:03pm Apr 22, 2016 2:03pm
Quoting dab
{quote} Not my area of expertise so genuine question, do RBA have the power to regulate the banks in that way?
rba have the power to regulate interest rates but don't have the power to enforce them so that being said how we regulate the banks is a shame and blame game by the poli,s in parliament and of course the banks just laugh at them
people leave, but this thread will go on for ever
  • #663
  • Apr 26, 2016 7:10pm Apr 26, 2016 7:10pm
Quoting PaulDaemon
{quote} I think we all get over confident at times including myself when I break my own rules im surely to loose. Next week CPI Data will be interesting. To date CPI has increased .9% and this is mostly go to do with an increase in alcohol and smokes and would be a lot less otherwise. A 3% y/y target is forecast but looks like it will fall short. Reading between the lines on Stevens speech I think further rate cuts are out even if inflation don't meet expectations. (or he may want traders to think there will be no more rate cuts) but believe he...
Remember what i said about the cpi data.

We not only got slow growth last qu but we got deflation this qu. The target of 3% will be no where in sight.

The only reason why we got a rise in the first 2 qu is because the rise in smokes and alcohol. To me this is a false rise and will do nothing for the economy.

Will this prompt the RBA to lower rates?

As price has been rejected off the weekly trend line I think further aud appreciation will cease.
20 Pips a day keeps centerlink away
  • #664
  • Apr 27, 2016 5:32am Apr 27, 2016 5:32am
Quoting PaulDaemon
{quote} Remember what i said about the cpi data. We not only got slow growth last qu but we got deflation this qu. The target of 3% will be no where in sight. The only reason why we got a rise in the first 2 qu is because the rise in smokes and alcohol. To me this is a false rise and will do nothing for the economy. Will this prompt the RBA to lower rates? As price has been rejected off the weekly trend line I think further aud appreciation will cease.
Nothing trends one way forever and the 1000pip rally this year was impressive as well as a little unexpected by most. Is it time for a correction lower? Possibly. I thought the 4hr showed a change in trend a couple weeks ago, but I was wrong. I'm cautiously watching what happens this week after the Feds. Nice pullback so far...there could be more to come.

Trade Smart!
  • #665
  • Apr 27, 2016 8:03am Apr 27, 2016 8:03am
i could be dead wrong, but something tells me we are setting up for a rally after fed news.
  • #666
  • Apr 27, 2016 8:15am Apr 27, 2016 8:15am
Quoting PA is King
i could be dead wrong, but something tells me we are setting up for a rally after fed news.

I'm willing to risk a comfortable size order at 7540 - 50.

Have you done any PA analysis on GU........ that one looks interesting.
  • #667
  • Apr 27, 2016 11:38pm Apr 27, 2016 11:38pm
Quoting 10cents
{quote} I'm willing to risk a comfortable size order at 7540 - 50. Have you done any PA analysis on GU........ that one looks interesting.
Sorry for the late response, but no I haven't studied gu much this year.
  • #668
  • Apr 27, 2016 11:43pm Apr 27, 2016 11:43pm
Quoting PA is King
i could be dead wrong, but something tells me we are setting up for a rally after fed news.

I left order sitting all day at .7577 while working. Missed the boat by one pip.
  • #669
  • Apr 28, 2016 12:06am Apr 28, 2016 12:06am
Quoting Blackopal
{quote} I left order sitting all day at .7577 while working. Missed the boat by one pip.
when did you put it on? If on before 7am EST it should easily have been filled. Guessing your 1 pip reference is to around 1pm dip.
Hope for the best, prepare for the worst.
  • #670
  • Apr 28, 2016 12:38am Apr 28, 2016 12:38am
Quoting dab
{quote} when did you put it on? If on before 7am EST it should easily have been filled. Guessing your 1 pip reference is to around 1pm dip.

I put it on at 8 am. Was hoping it would retest the range of the 7 am low, which it pretty much did at 1 pm, but not quite low enough to trigger mine. After recent mistakes i'm probably being overly cautious on entry, so i missed this one. Had a long last night at .7583 stopped out by FMOC, not entirely unexpectedly, as I know news from that creates a lot of volatility, but at the price, I considered it worth risking the 20 pip SL. I won't chase this run, but if it drops back to .762 I might bite.
  • #671
  • Apr 28, 2016 12:57am Apr 28, 2016 12:57am
Quoting Blackopal
{quote} I put it on at 8 am. Was hoping it would retest the range of the 7 am low, which it pretty much did at 1 pm, but not quite low enough to trigger mine. After recent mistakes i'm probably being overly cautious on entry, so i missed this one. Had a long last night at .7583 stopped out by FMOC, not entirely unexpectedly, as I know news from that creates a lot of volatility, but at the price, I considered it worth risking the 20 pip SL. I won't chase this run, but if it drops back to .762 I might bite.

I never use a stoploss I am not a brokers friend
people leave, but this thread will go on for ever
  • #672
  • Apr 28, 2016 1:04am Apr 28, 2016 1:04am
Quoting Aussi
{quote} I never use a stoploss I am not a brokers friend

If long AUD/JPY or similar today no stop loss would have brought pain
  • #673
  • Edited 1:46am Apr 28, 2016 1:13am | Edited 1:46am
Quoting Blackopal
{quote} If long AUD/JPY or similar today no stop loss would have brought pain
yes I see pain for a buyer , but chart says down , on day chart every time it got to this position 4 times all with big falls rejecting the rise , monthly stoch is not quiet right for the buy my opinion only I don't trade aud/jpy


their is a gap gbp/nz if any one is inerested
people leave, but this thread will go on for ever
  • #674
  • Apr 28, 2016 2:48am Apr 28, 2016 2:48am
Quoting Aussi
{quote} I never use a stoploss I am not a brokers friend
Interesting that Aussi, Iv'e been considering the merits of that lately,we've all seen that spike take out our stoploss then go in the direction we first thought. not sure if I'm brave enough though mate.
  • #675
  • Apr 28, 2016 2:51am Apr 28, 2016 2:51am
Quoting Aussi
{quote} yes I see pain for a buyer , but chart says down , on day chart every time it got to this position 4 times all with big falls rejecting the rise , monthly stoch is not quiet right for the buy my opinion only I don't trade aud/jpy their is a gap gbp/nz if any one is inerested
Will watch gdb/nz with interest,you in that one?.
  • #676
  • Apr 28, 2016 2:55am Apr 28, 2016 2:55am
Quoting buster48
{quote} Interesting that Aussi, Iv'e been considering the merits of that lately,we've all seen that spike take out our stoploss then go in the direction we first thought. not sure if I'm brave enough though mate.

I didn't quite try that, but instead put some very wide stop loss orders (virtually the same but with a limit that kept it from annihilation levels) on some orders recently. It

didn't work out too well for me. They say it's a fine, blurry line that separates fools from brave men. (last sentence a reference to myself, not you Aussi)
  • #677
  • Apr 28, 2016 1:41pm Apr 28, 2016 1:41pm
Quoting buster48
{quote} Will watch gdb/nz with interest,you in that one?.
yes mate am in a gain after a nice win
639756832016.04.28 09:57:31buy1.00gbpnzd2.091540.000002.119632016.04.28 11:16:372.098690.000.000.00 650.89
people leave, but this thread will go on for ever
  • #678
  • Apr 28, 2016 1:44pm Apr 28, 2016 1:44pm
Quoting Blackopal
{quote} I didn't quite try that, but instead put some very wide stop loss orders (virtually the same but with a limit that kept it from annihilation levels) on some orders recently. It didn't work out too well for me. They say it's a fine, blurry line that separates fools from brave men. (last sentence a reference to myself, not you Aussi)

mate if it works for you that's the key , other things work for me and I do get it wrong
people leave, but this thread will go on for ever
  • #679
  • Apr 28, 2016 10:15pm Apr 28, 2016 10:15pm
Quoting Aussi
{quote} I never use a stoploss I am not a brokers friend
I like your style

I have learnt there are only 2 ways to trade

1. Large position sizes tight stops
2. small position sizes no stops
20 Pips a day keeps centerlink away
  • #680
  • Apr 28, 2016 10:21pm Apr 28, 2016 10:21pm
Quoting PaulDaemon
{quote} I like your style I have learnt there are only 2 ways to trade 1. Large position sizes tight stops 2. small position sizes no stops
Also using small positions if a trade goes wrong you have room to hedge, and instead of taking a loss you just lock it in and keep trading until price reverses.
20 Pips a day keeps centerlink away
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