arco
action-reaction
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Result
No offense, but when someone thinks that I think sell. Whenever I hear 'bargain', I think of someone trying to pick bottoms, or buying off a small retracement near the top and being the last to leave the party.
There's plenty to do while we're waiting for medium to longterm movement.
It does seem the stars are aligning for at least a retracement. Resistance and failure everywhere, and of course we've had a strong month, and a strong overall rally. Seems as good a time as any for nature to do its thing.
haha true, I had a good stop loss and I've actually made money today ... but that's been all luck. I've still got heaps to learn.
Nothing personal, it's just what "looks a bargain" reminds me of. I just imagine people chatting around the office water cooler about stocks, only for the market to reverse soon afterwards.
I will never use that phrase again
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I am a bit confused, if the reserve bank raises interest rates next week as people think, will that send our AUD up or down?
If it is up I would have thought it would have a lot more support than it has atm, even taking into account the lift in USD.
If it is up I would have thought it would have a lot more support than it has atm, even taking into account the lift in USD.
It really depends however on the level of the currency come tuesday before the announcement.
The market has factored in 25 bp's increase.
If they dont raise the risk will be the downside.
If they raise 50bp's then expect a spike.
Personally I think the market is overbought so expect further profit taking of longs over the next several sessions.
.
25 is the expectation or 50 ?
I thought i heard on the radio 50, could have been daydreaming at the time though
arco
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Completely concur.
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Looks like it's moving down to the daily trend line 8950-8900, if it gets down there l will "look for a bargain"
There will probably be something of a bounce off of it, regardless of where it goes next.
25 is the expectation or 50 ?
I thought i heard on the radio 50, could have been daydreaming at the time though
Well the consensus is 25 which I think the market has factored in.
50 is the optimistic view and thats where you get the media alarmist going for a sensational grab.
Stick with pro's and dont listen to a disc jockey who's paid to spin vinyl
"Looks like it's moving down to the daily trend line 8950-8900, if it gets down there l will "look for a bargain".
Yes but a bargain for you or the seller?..Now thats going to be an interesting watch.. Good luck... My personal experience suggests, these are the trading sessions in a middle of a corrective phase when you become a charity worker..
Becareful and be lucky.
Yes but a bargain for you or the seller?..Now thats going to be an interesting watch.. Good luck... My personal experience suggests, these are the trading sessions in a middle of a corrective phase when you become a charity worker..
Becareful and be lucky.
Lasty,
the line of least resistance on the AUD is down into 86.85.
Personally I wouldn't be trading longs on AUD until next week.
Let the Week run it's course, and at this stage it's down.
You might find short-term intra-day reversals, but there's a market path of
a downward trend.
currencies a very closely aligned with US equity markets.
"I'm basing my total view on currencies based on the price action in US equity markets.
If Tuesday follows SET-UP A then currencies will drop considerably
on Tuesday and over the next few days" Monday 26th
the line of least resistance on the AUD is down into 86.85.
Personally I wouldn't be trading longs on AUD until next week.
Let the Week run it's course, and at this stage it's down.
You might find short-term intra-day reversals, but there's a market path of
a downward trend.
currencies a very closely aligned with US equity markets.
"I'm basing my total view on currencies based on the price action in US equity markets.
If Tuesday follows SET-UP A then currencies will drop considerably
on Tuesday and over the next few days" Monday 26th
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As long as the trend is up buying on a retracement is a bargain to me, l will of course not be buying blindly will wait to see how it reacts at the trendline.
Its looking good at the moment.
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