I never get why people use COT data as a guide. They make up such a tiny part of the market and their positionings are not successful enough that you can follow, nor are they wrong enough that you can use them as an contraian indicator. Didn't ...

AUD/USD

Thanks. I seem to be doing good at picking tops and bottoms these past two weeks. Cept for the interest rate cut where I shorted and panick covered at the top of the spike. Anyway have a good weekend. The best price action is probably ...

AUD/USD

Nope its a CFD. I was trying to defend the 32 support and it just so happens to work out nicely today. I like the cfds for silver and gold rather than the xau/xag pairs because I usually hold for a long time and the swap is lower.

AUD/USD

No kidding, my silver limit on 32.2 got hit and it filled the gap right away. I thought it might take a few days but looks like someone used the spike down to fill up risk trades again.

AUD/USD

Sweet my old sell limit @ 105150 got the top to the point lol. I only targeted 1.048 so nice 35 pips. image

AUD/USD

I remember ANZ was forecasting RBA to hold rates at 4.00 at the end 2012. lol But at least it was better than westpac/nab's 80 aud/usd call.

AUD/USD

I just copied and pasted from the the forexfactory calender. The thing is he may be right but if everyone is already expecting that then its already priced in you see.

AUD/USD

Interesting data but not really tradable since its +/- in regards to expectations. Aka no point if its already priced in. +/- expectations Jan 19, 2012 0.8 -29.3K 10.2K -7.5K worst Dec 8, 2011 0.8 -6.3K 10.3K 16.8K worst Jan 13, 2011 1.0 2.3K 25.2K ...

AUD/USD

That's a pretty good number no? Remember full time jobs went up last month too. Overall unemployment % down. Ditto with most other numbers around the world. Things are looking up for global economy imo.

AUD/USD

This is kinda ridiculous someone's just using the negative data to loadup on aud longs big time.

Aussie Trading Room and Cartoons Gallery

But if its expectations for more qe why is gold been sold?

AUD/USD

Were you long before the announcement Ken? I have to admire those big money players, that was the best fake out in aud/usd since June.

AUD/USD

Ah what the heck... rises on rate cut. Sure enough got my stop too.

Aussie Trading Room and Cartoons Gallery

If there is no rate cut, the price will go one direction and one direction only - up. There will be no drop before rise because too many people like me will be buying.

Aussie Trading Room and Cartoons Gallery

Personally I love the rba rate decisions whether if its a cut or hold. If its a hold with the high % right now expecting a rate cut we'll get some action. If its a cut we'll get some action. Unlike other central banks the RBA releases the data right ...

AUD/USD

You know what would be funny? If the RBA holds and we shoot up 70 pips like last time. Anyways got stopped yesterday for +90 pips so gonna stay flat until meeting.

AUD/USD

That depends, my dad had a tiny $1000 position in since early 2003 and gradually pyramided in since then. Now the position is like 40k with 10k something in interest! I'm hoping to do the same with the small position I've had since june. I'll plan ...

AUD/USD