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14-01-2010, 05:23 PM
#171
A combination of two things stop orders and a wide spread.
At one point the spread was 20 pips, which can skew the chart, stop orders were in place in case the annuncement was negative and big traders will try to trigger a few themselves then then create a domino effect and allow them to pick up more on the cheap and take the price back up.
~ * ~ De Peones a Reinas ~ * ~
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16-01-2010, 04:26 PM
#172
Originally Posted by Ayrton
Can any one explain to me, if it can be, why just after the announcement on job data this afternoon it fell sharply (1min chart) before jumping 40 pips? when it was good news?
Cheers
I think people soon realised most of the extra jobs were only part time and not full time. We discussed this as a potential short on the blog several days prior to the announcement
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16-02-2010, 10:01 PM
#173
Last couple of hourly candles interesting.
Cheers
Miner
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28-07-2010, 01:52 PM
#174
Last edited by peat; 28-07-2010 at 01:54 PM.
For clarity, nothing I say is advice....
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28-07-2010, 02:08 PM
#175
Did that coincide with the CPI ann .... lower than forecast so rate increase unlikely tomorrow
AUD/NZD spiked as well
Bloody speculators got it wrong this time
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28-07-2010, 02:25 PM
#176
Originally Posted by winner69
Did that coincide with the CPI ann .... lower than forecast so rate increase unlikely tomorrow
I guess so
happened exactly at 13:30 NZTime
For clarity, nothing I say is advice....
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21-08-2010, 11:35 PM
#177
68 seats each , 76 required
20 pip spread on Oanda (which allows trading over the weekend) thats twice the usual out of hours spread.
For clarity, nothing I say is advice....
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23-08-2010, 08:06 AM
#178
even with that 20 pip spread - it would've still been worth slamming a short in over the weekend. dropped a hundred pips pronto as soon as official trading began
For clarity, nothing I say is advice....
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19-10-2010, 09:14 PM
#179
For clarity, nothing I say is advice....
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30-01-2011, 05:38 PM
#180
Junior Member
Let's have a bigger picture view on the AUD... technically,
AUDUSD 4H
Price is still in an upper consolidation since starman45's previously posted chart, and there wasn't clear break of the major up trend line. We do have a Head and Shoulders pattern with 0.9828 as neckline. Also, a bearish Gartley pattern formed the right shoulder is still in play. If price breaks 0.9828, we have further Gartley continuation and possibly the trend might turn; am looking to short on breakdown-retest of 0.9828, stop around 0.9908, first target at 0.9650.
On the upside, am watching the 0.9974 level, slightly below the shoulders but has more S/R significance. If price breaks 0.9974 and had a clear retest, am looking to long with stop around 0.9894, provided there is enough room to move till 1.0179, the double top pattern.
Don't know when will happen, but at the moment, am sitting on the bench on Aussie dollar. May even continue to consolidate in the 0.9828 - 0.9974 range which I have no interest to be in the market.
Will update here if any break of either sides.
Cheers (:
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