Yes, it certainly will. The RBA meet Tuesday pm and will likely...

First 7 Last

Share
Profile

Follow
thorburn

10,404 Posts.

01/04/15

07:43

Post #: 15016347
Share

Originally posted by bendigo ↑

Hi keygeo and albright
It really is a bit of a guessing game
I lost small amounts shorting on a few occasions recently and then got it back on a couple of days when it did fall.
Net net net I came out about square.
Keeps me amused and off the streets.

While I do follow the charts almost 100 % for trading the xjo I am always mindful that they represent HISTORIC prices.
And all the indicators, whether momentum leading or trend following lagging, are also just mathematical representations/manipulations of these same past prices.........and they don't always work !

I still think that fundamentally the oz market is in toppy territory given our economic circumstances/ commodity prices and the risk of a real estate bubble.

The xjo has had a good rise in recent times and when I started this thread I thought,
given the fundamentals.....it was time for a pause/ pullback.
So far I'm neither right nor wrong.
And as I said......a bit of a guessing game.
Certainly not a time to be taking large positions either way.

Can sometimes fade the CFD's before the oz market opens ......if overnight they are far away from the previous xjo close ....and be out before 11 am. But not possible most days as the setup is not there....and when / if you do,
position size relative to account funding is VERY important because even the obvious is not guaranteed and the trade can go pear shaped..so don't be greedy/ over ambitious
(It's a weakness of mine)

This being a short trading week and then with next Monday also being a holiday, its all way too risky to be doing anything much, parfticularly with leveraged products like cfd's

Picture may become clearer after Easter.

Expand

Yes, it certainly will. The RBA meet Tuesday pm and will likely cut rates again. This seems the only thing supporting markets. Imagine bank shares at <2% yield?
Upvote

Reply

Top Stories

OCC

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

'Not possible' to port renewable gas: ACCC takes AGN to court

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

PAR

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

SRL

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

BOE

Boss extends June win streak with boosted Alta Mesa extraction rates

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

ASX Market Open: IPO hype, Wall Street ATHs push Aussies into green hope | June 27

First 7 Last

Yes, it certainly will. The RBA meet Tuesday pm and will likely...

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

'Not possible' to port renewable gas: ACCC takes AGN to court

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Australia’s gas crisis is here – and dying coal plants aren’t helping

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Boss extends June win streak with boosted Alta Mesa extraction rates

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

ASX Market Open: IPO hype, Wall Street ATHs push Aussies into green hope | June 27

Featured News

Featured News

Yes, it certainly will. The RBA meet Tuesday pm and will likely...

Top Stories

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

'Not possible' to port renewable gas: ACCC takes AGN to court

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Australia’s gas crisis is here – and dying coal plants aren’t helping

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Boss extends June win streak with boosted Alta Mesa extraction rates

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

ASX Market Open: IPO hype, Wall Street ATHs push Aussies into green hope | June 27

Featured News

Featured News