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Cerber.bf2 May 14, 2012 12:42am | Post# 44601

Will close a short term at DP around 1.0040. For long term, plenty of time to jump in, not necessary to wait for a double dip as it might not happen.

tunera May 14, 2012 12:59am | Post# 44602

I would mantain an overall bearish attitude, after all the trend is still down

Cerber.bf2 May 14, 2012 1:11am | Post# 44603

I would mantain an overall bearish attitude, after all the trend is still down
The 'trend' can change any second. I am no clairvoyant, but I'm betting on a spike up. Resistance on DJ dollar plus the mess with JP Morgan chase might drag the dollar down, but we'll see.

Noobicle May 14, 2012 1:22am | Post# 44604

It is not in downtrend on monthly chart,but my stop loss was taken at 1.0150,have to look for another chance.


yes my frien look really really hard on your next 1, a very nice lesson that would of been tho, not meaning it in a harsh way but i reckon u learn alot more from losing then wining, u can only become better, not worse. Think of it as a price u payed for some forex education (just hope u never payed thousands of dollars on that 1)

an as for this pair, it is just depressing, an bears best friend the euro will be opening soon, so danger for bulls, lets see what happens

GL all

Esssex May 14, 2012 1:30am | Post# 44605

Morning guys! Just realized my worries about the RRR cut was unfounded and I took profits too early

Anyone foreseeing a slight bull run during London?

Snarkalarker May 14, 2012 1:33am | Post# 44606

Morning guys! Just realized my worries about the RRR cut was unfounded and I took profits too early

Anyone foreseeing a slight bull run during London?
What is your definition of "slight"?

Seriously.

tunera May 14, 2012 1:33am | Post# 44607

The 'trend' can change any second. I am no clairvoyant, but I'm betting on a spike up. Resistance on DJ dollar plus the mess with JP Morgan chase might drag the dollar down, but we'll see.
True, i just abandoned the idea of pick tops and bottoms time ago, but indeed this can be a good bottom

tigershin May 14, 2012 1:57am | Post# 44608

sooo quite compared to last week.

literally dosing off... having micro sleeps every so often.

picking up some easy pips though by trading range at the moment.

Snarkalarker May 14, 2012 2:05am | Post# 44609

but indeed this can be a good bottom
So can this.


tunera May 14, 2012 2:07am | Post# 44610

So can this.

oh yes, buy buy buy!!! buy the bottom!

Cerber.bf2 May 14, 2012 2:17am | Post# 44611

So can this.


Iceage May 14, 2012 2:19am | Post# 44612



yes my frien look really really hard on your next 1, a very nice lesson that would of been tho, not meaning it in a harsh way but i reckon u learn alot more from losing then wining, u can only become better, not worse. Think of it as a price u payed for some forex education (just hope u never payed thousands of dollars on that 1)

an as for this pair, it is just depressing, an bears best friend the euro will be opening soon, so danger for bulls, lets see what happens

GL all
Thanks,Noobicle,
I lost about 20% in this trade.I was too optimistic and should have had a more tight stop loss.Need to be much more careful about it going forward.
Good Luck in your trade!

Noobicle May 14, 2012 2:29am | Post# 44613

Thanks,Noobicle,
I lost about 20% in this trade.I was too optimistic and should have had a more tight stop loss.Need to be much more careful about it going forward.
Good Luck in your trade!
yeah i was wandering where that came from but then i remembered u were 1 of them that longed near the top, so that would have been an ouchy... an yeah i think quite a few of us have payed (the charts) for our forex education even tho it wont be admited, but yes good luck to u too

pippaholic May 14, 2012 3:24am | Post# 44614

Hit my stop while i was away +1, bastard.

Looking for another entry into a long. preferably 0.9950-60 if she gets down there tonight.

tp i would be looking at 1.0020

tunera May 14, 2012 3:31am | Post# 44615

i've taken my profit now, the bottom was not soo perfect as the ones of the image ehh

pippaholic May 14, 2012 3:59am | Post# 44616

haha touche. It definitely wasn't as firm as the ones in the picture that's for sure. Its pretty over sold at the moment on weekly, daily, 8 hour and 4 hour stochastic dont use it that much but i do glance at it occasionally. move much lower than (EDIT:0.9950) is pretty unlikely i think at the moment even with this bearish sentiment

wouldn't be surprised if the bulls took charge during New York and drives this up a tad.

tunera May 14, 2012 4:07am | Post# 44617

haha touche. It definitely wasn't as firm as the ones in the picture that's for sure. Its pretty over sold at the moment on weekly, daily, 8 hour and 4 hour stochastic dont use it that much but i do glance at it occasionally. move much lower than 1.0050 is pretty unlikely i think at the moment even with this bearish sentiment

wouldn't be surprised if the bulls took charge during New York and drives this up a tad.
I think untill ukoil hit 110.5 and usdindex hit 10047, the audusd remain in sell-mode (recharged again my shorts), enjoy it don't fight it

fosking May 14, 2012 4:17am | Post# 44618

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cher May 14, 2012 4:18am | Post# 44619

i told you guys to stay short, don't be fooled, we are now 9970

cher May 14, 2012 4:25am | Post# 44620

i think 9950 is not the final bottom, 9880-50 - > 0.1 point from 1.0855 top (strong resistance) and also there is support at 9880-50

Daytrader74 May 14, 2012 4:27am | Post# 44621

How much you got there?

maximms May 14, 2012 4:29am | Post# 44622

The bottom
 
Am looking forward to 9891 as the real buttom for this pair, friday''s H4 close did not favour the bulls, however, lets c how the price will react.
Daily close below 0037 had comfirmed.

fosking May 14, 2012 4:30am | Post# 44623

How much you got there?
I don't know. Looks enough to buy us a beer so we're ok.

Noobicle May 14, 2012 4:31am | Post# 44624

the finale bottom will be the weekly support zone that stretches roughly down to 0.93 being maximum support as there is a cross of resistance an support at the 0.93 level... but to get down there, euro will have to be its typical self an drag the world down with it

but how much do technicals matter when fundamentals are just too much?


cher May 14, 2012 4:33am | Post# 44625

the finale bottom will be the weekly support zone that stretches roughly down to 0.93 being maximum support as there is a cross of resistance an support at the 0.93 level... but to get down there, euro will have to be its typical self an drag the world down with it

but how much do technicals matter when fundamentals are just too much?

you are too optimistic

Noobicle May 14, 2012 4:37am | Post# 44626

you are too optimistic
hehe yes my nature is bullish but i dont mind being a bear every now an then...

i think the bulls are people who look for optimism an rising opportunitys an bears are the ones buying peoples misery lol...an then you have the straight pros who mastered both sides an are just some kind of computer brain..

maximms May 14, 2012 4:42am | Post# 44627

a conflicting level here, 9976

Daytrader74 May 14, 2012 4:44am | Post# 44628

I don't know. Looks enough to buy us a beer so we're ok.
I don't drink beer, I drink Cognac

cher May 14, 2012 4:54am | Post# 44629

I don't drink beer, I drink Cognac
are you french?

monkey@forex May 14, 2012 5:26am | Post# 44630

morning all, aussie still hanging on in there...according to oanda/myfxbook/dukascopy, the retail crowd is heavily long aussie...so carry on dropping, but till where...at what point are the crowd gonna switch to short...0.99? 0.98? 0.96?

mannai70 May 14, 2012 6:11am | Post# 44631

tf
 
Pending buy aud @1.0014 TP @1.0055 SL @1.0005
Daytrader,

What tf(s) do you use for your trade analysis?

Daytrader74 May 14, 2012 7:09am | Post# 44632

Daytrader,

What tf(s) do you use for your trade analysis?
5M, 1H, 4H and Daily

Intrepid32 May 14, 2012 7:54am | Post# 44633

All in your crystal ball?
And why 1.2860 if I may ask?
Target hit....closed for 80 pips!

jayjb May 14, 2012 8:06am | Post# 44634

let's see if parity is now resistance..

Intrepid32 May 14, 2012 10:15am | Post# 44635

My open positions over the weekend are:
Short AU from 1.0063, no SL and .9960 target. SL will go to 1.0050 after we open on Sunday.
Short EU from 1.2945, no SL and 1.2865 target. SL will go to 1.2920 after we open.
Target hit on AU for 103 pips. Out of both trades for 183 pips total.

mrbandwidth May 14, 2012 10:17am | Post# 44636

When this bitch finally bounce ain't going to be pretty...

As Yoda would say: "Warned you have been"

pippaholic May 14, 2012 10:21am | Post# 44637

If the hourly closes above 0.9962 ill open small long with tight stop.

fosking May 14, 2012 10:22am | Post# 44638

When this bitch finally bounce it ain't pretty...
It will bounce when you can't take any more pain and exit your longs.

cher May 14, 2012 10:28am | Post# 44639

It will bounce when you can't take any more pain and exit your longs.

GTRudeBoy84 May 14, 2012 11:00am | Post# 44640

Looks like we found a bottom for now


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