re: daytrades september 07 afternoon
has anyone else here experienced this afternoons set up with RBA announcement due and possible election outcome?
money flowing into equities yesterday and also today.
my memory of rba announcements is that can sometimes see a quick change of direction.
forex market is a lot bigger than equities and they can pump up $AUS and just as quickly take profits and go.
if $AUS suffers a pump and dump then our equities also fall?
anyway pump is on now. take profits or hold on?
any thoughts?
have now sold some and feels better. not buying and holding over 4500 level until breaks 4650. still holding most from lows. a blow off top in Sept would be nice. a genuine rally over 5000 nicer. if falls back below 4500 then sell and start again. range of 4000 to 4500 or 4500 to 5000. all the same to me. a rally to 5300+ well that would be nice!
