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RideTheWave commented Oct 13, 2015Core still at 1% BoE forecasting is not bad. They didn't react and raise rates couple years ago when inflation was at 5% and core at 3.5%. It was Transitory and forecasted inflation dropping down. Keeping rates low at .5% while inflation over 5%. ...
Britain’s Inflation Rate Unexpectedly Drops Back Below Zero
- RideTheWave commented Sep 10, 2015
someone making some sense
EURUSD stretches up to and now through the 200 day MA
- RideTheWave commented Aug 24, 2015
thank you, kind of a long post. Its good to be a trader in these times since the media can write 'crisis' all over, while average working joe is watching they're 401k dropping
USD/JPY one day fall is largest since 1998
- RideTheWave commented Aug 24, 2015
First, lets exclude all conspiracy theories. And then speculate just a little about real possibilities. I trade forex now only. I wanted desperately to buy out of the money Put Options on ASHR, a good ETF to track chinas a shares shanghai composite. ...
USD/JPY one day fall is largest since 1998
- RideTheWave commented Aug 6, 2015
Everyone said the same about QE Infinity. Now everyone holding gold is down 50% almost and still dropping. They are prepping people and business for hikes. Especially on adjustable rate loans. That, is speculation on my part. Extra transparency for ...
Lone Bank of England official votes to raise rates, others unrushed
- RideTheWave commented Jul 22, 2015
this is great news if your Trading the long side He basically just said buy the dips
BOE's Miles: The time to normalise policy is coming
- RideTheWave commented Jul 20, 2015
The AUD is weaker vs the dollar (since the dollar itself has been very very strong) Versus others, the AUD is weak, but modestly. I would 'speculate' they would like to intervene more, but are hopeful that patience to sit back for a bit may reward ...
RBA Minutes of the Monetary Policy Meeting
- RideTheWave commented Jul 20, 2015
"Although the exchange rate against the US dollar was close to levels last seen in 2009, the decline in the Australian dollar had been more modest in terms of a basket of currencies. Members noted that the exchange rate had thus far offered less ...
RBA Minutes of the Monetary Policy Meeting
- RideTheWave commented Jul 20, 2015
right there with both of you, $750 looks good, if still a bit high. it's purposes are over stated, not non existent. Bitcoin is a better store of value, minus some risks bitcoin itself has, you can order goods as easy as paypal. Id have to find a ...
Gold hits 5-year low as bets mount on Fed hike
- RideTheWave commented Jul 19, 2015
Nicely done. Im in US and cannot trade Gold on my forex account :/ All i heard on news and read was gold was gonna bounce or bounce hard and I was thinking, nah, id have a sell stop at 1140 and let it run. Just based on the chart alone, ignoring ...
Gold collapses over $50, triggers heavy stops
- RideTheWave commented Jul 18, 2015
Well inflation is down from oil mostly. Inflation broke above its 5month moving average 12months ago (oil $100+) just under 2%. Since then headline inflation dropped to 0%, and is again attempting to break above its 5month average. Now that oil has ...
UK: Will 2015 Be 'The Lift-Off Year'?
- RideTheWave commented Jul 15, 2015
hey bro, you are way over leveraged. and the USDCAD is poised to go up up up, just a matter of timing, only a few should attempt to short it. small accounts can be tempting to wanna over due it. If using high leverage use very tight stops to rein in ...
Bank of Canada lowers overnight rate target to 1/2 per cent
- RideTheWave commented Jul 15, 2015
Gotta keep an eye on this pair Could be a lot more to come
Bank of Canada Monetary Policy Report
- RideTheWave replied Jul 10, 2015
Well we are due for a correction. Despite the avatar I dont do any elliot wave analysis. But AUD could complete a 3rd impulse with one more push down. AUDUSD chart is a pretty one. Obeys many levels. Big rally today for risk and the AUDUSD didnt ...
AUD/USD
- RideTheWave replied Jul 9, 2015
also last time i was this convicted I bought GBPNZD. My macro anaylsis and technicals were spot on. I got hit hard being too early. I got in later around May and June for solid pips though. So i guess my advice is simply -look- for opprotunities to ...
AUD/USD
- RideTheWave replied Jul 9, 2015
yea unfortunately for me you could be right. The chart is so ugly it could be bullish. I think i posted in a news forum saying that exactly just a couple days ago.
AUD/USD
- RideTheWave replied Jul 8, 2015
Its 2% anyway you look at it. If you add leverage you add it both ways. Its a nice bonus but it is not something you do in a clear downtrend. You are right though. If you buy dips, with a positive yield spread, in an up trending pair. Id be happy to ...
AUD/USD
- RideTheWave replied Jul 8, 2015
AUD looks TERRIBLE to go long. As bad as it gets. The Shanghai Composite looks leagues better to go long currently. It does matter how retail traders are positioned. As a whole they are consistently on the wrong end of the trade. Its not a signal to ...
AUD/USD
- RideTheWave replied Jul 7, 2015
FXCM retail sentiment shows 77% of positions are LONG on AUDUSD: Im not sure how many out the 200,000 retail accounts are involved, but FXCM is one of the largest in the world. Every 1 Short there is 3.3 long This is very very bearish. Im ...
AUD/USD
- RideTheWave commented Jul 7, 2015
I'd say its a bit bearish. My bias is growing unhealthy but my interpretation is he is giving more credit for the drop in AUDUSD towards the general and broad rise in dollar strength. And seeing less from the 'weakness' of the AUD itself, which he ...
Statement by Glenn Stevens, Governor: Monetary Policy Decision