10/3/2011 RBA Rate Statement / Cash Rate (1730 HI time / 2330 EDT)
Forecast: 4.75%
Actual: 4.75%
DULL REACTION (with delayed spike)
Started @ 0.9320
1st Candle: Peak @ 0.9335 – 1731 (1 min)
15 ticks

After
2nd Peak @ 0.9269 – 1738 (8 min)
51 ticks

Reverse to 0.9301 – 1747 (17 min)
32 ticks (2x top)

Notes: The RBA left its benchmark interest rate unchanged for a tenth straight meeting, citing conditions in global financial markets have continued to be very unsettled, with uncertainty increasing about both the prospects for resolution of the sovereign debt and banking problems in Europe, and the outlook for global economic growth, matching predictions. This caused an initial dull reaction as illustrated by the range chart with very few candles in the span of the first 4 minutes. With JOBB you would be filled long 6 sec into the 1731 candle. After posting about 8 ticks of profit, it hovered and then retraced on the following candle. I would close out on the hovering and due to the lack of volume as this is abnormal. Keeping an eye for a later opportunity to get in, I would get in short at about 0.9308 on the 1735 candle and close out after it bounced off of the S2 line with a long tail at 1738.

9/5/2011 RBA Rate Statement / Cash Rate (1830 HI time / 0030 EDT)
Forecast: 4.75%
Actual: 4.75%
INDECISIVE
Started @ 1.0276
1st Candle: Peak @ 1.0243 / Retrace to 1.0291 / Settle @ 10275 – 1831 (1 min)
-33 ticks / 48 ticks / -16 ticks

2nd Peak @ 1.0302 – 1842 (12 min)
26 ticks (2x top)

Reverse to 1.0262 – 1905 (35 min)
40 ticks (2x bottom)

Notes: The RBA left its benchmark interest rate unchanged for a ninth straight meeting, citing deteriorating growth prospects at home and abroad, matching predictions. This caused initial indecision, followed by a small spike, and larger reversal. If using JOBB, you would have filled short. Keep an eye on the Range chart after the big drop in the first 6 sec. It flattened for 1 sec and then started to rise. I would close at about 1.0253 after the range chart shows a clear reversal happening at 8 sec into the candle. When you see the first candle indecisive like that, it is good to watch the chart to see where the trend is going for another candle and then get in with the trend. The 1832 candle does did not show much direction, so wait until the 1833 to see a long trend develop and put in a buy around 1.0282. I would probably close at 1839 after 3-4 candles were flat, even though it continued up for a few more ticks.

8/1/2011 RBA Rate Statement / Cash Rate (1830 HI time / 0030 EDT)
Forecast: 4.75%
Actual: 4.75%
DOWNWARD FAN (INDECISIVE initially)
Started @ 1.0695
1st Candle: Peak @ 1.0670 / Retrace to 1.0707 / Settle @ 1.0688 – 1831 (1 min)
-25 ticks / 37 ticks / – 19 ticks

2nd Peak @ 1.0641 – 1842 (12 min)
54 ticks

3rd Peak @ 1.0626 – 1908 (38 min)
69 ticks

Reverse to 1.0646 – 1948 (78 min)
20 ticks

Notes: In spite of most expectations that the RBA would cut interest rates a quarter point, they decided to hold. This caused initial indecision, followed by a steady methodical drop. If using JOBB, you would have filled short. Keep an eye on the Range chart after the seesaw in the first 2 seconds, it fell to its peak, then retraced 4 ticks and hovered in that area for 12 sec. That is where to close before it reversed 33 ticks in 2 sec. When you see the first candle indecisive like that, it is good to watch the chart to see where the trend is going for another candle and then get in with the trend. I would go in short at about 1.0677 and stay in until 1846 when it appeared to hit bottom after 4 candles went sideways.