ECB - ( We may have been over zealous ) MKT takes note !!!!!!

2 thg 4, 2017

RBA meeting on Wednesday 4/04/17

So here we are with this lovely carry trade pair , as you can see its fair to say as a trader we can't help but get excited with a chart like this .....
The consensus from the Economists are a hike is not expected until ( Q1 2018 ) for the Aussie . However after the ECB came out and said we may have been overzealous with our comments , the mkt took note .
So our view is this until the RBA changes there outlook, were still neutral long term, but with ECB comments the charts will help this trade along nicely. It has found trend line resistance and maintained the natural longer term order of flow .
Remember : TREND IS YOUR FRIEND and this has the potential of ( 200 pips ) to the downside
( currently ).
We will be trading out of the event and not into, for this reason:

If the RBA jawbone slightly, we can expect a retrace to the 1.42 levels a much better price to get in , however if there view is more optimistic then down we go based on the trend.

Happy trading guys and lets hope you make lots of pips.........

4 thg 4, 2017

Ghi chú

So firstly our mistake was it was meant to say Tuesday not Wednesday, but the date was correct , anyway if your an active trader you already have knowledge that the RBA kept rates on hold.
RBA so far :
The Bank noted some concerns there on the labour market, also continued concerns on high house prices and debt levels they have spoken of RBA worries on debt previously, and ( LOWE ) is speaking again @ 1015 ( in around 3 hours ) . so stay alert for more comments.
Here is our take so far as promised, it was a slightly cautious tone for the Aussie and commodity prices are trickling sideways right now ( Copper & OIL ) .
Our next move is this, wait for better retracement levels on the Euro around confluence zones of 1.4190- 1.4250.

We will be selling in slowly @ 1.4190 and adding to our position if we trickle higher to the 1.4250 level ( Short )
Stop loss @ 1.4315 above the last 2 candle highs and out the way of the 0.236 FIB line.

Short between 1.4190-1.4250
TP1 1.39
TP2 1.37

Happy trading guys and stay tuned for more ideas they get better !!!

4 thg 4, 2017

Ghi chú

ECB-Draghi speaks @ 1530 take note should be interesting ....

4 thg 4, 2017

Ghi chú

Right we are still holding off right now for these reasons :
AUD trade balance was better than forecast , however the RBA's comments were slightly cautious and the ECB has made a U turn with there perspective, so were kind of at stale mate right now . We are going to wait for the results of the
Chinese Caixin manufacturing PMI ( Asian Session ) early Thursday, as this will be a key driver of AUD from an underlying commodities perspective.

Stay tuned !!!!!

6 thg 4, 2017

Ghi chú

So CNY Caixin figs missed, this has affected the AUD and subsequently is giving us the chance to pounce at the right time on the EUR/AUD .
Entry is set short Euro @ 1.42 as you can see by the chart, and if it decides to creep up even further to 1.4250-1.4260 we will sell some more.

TP 1 - 1.39
TP 2 - 1.37

Stay alert :)

10 thg 4, 2017

Ghi chú

Okay our target is still set on this pair, plenty of news this week to move this around,

stay alert.

11 thg 4, 2017

Giao dịch đang hoạt động

Okay guys are trade is active and we got entry @ 1.42 . They say patience is a virtue and here we are :) .
Now stay tuned as previously mentioned there is plenty to be moving this pair around.
Our view is this ,

TP1 @ 1.39
TP2 @ 1.37