would like to see us trading around 2360 or lower by ny open. gotta think after this nice run up in risk that they'll be looking to lighten up positions. book profits today i mean we're only 2% from the top in in the s&p.
- #676,462
- Aug 7, 2012 4:35am Aug 7, 2012 4:35am
- | Joined Apr 2012 | Status: Trader | 1,823 Posts
are you long, where from ?
Sometimes it's better to be wrong,to learn..
- #676,464
- Aug 7, 2012 4:41am Aug 7, 2012 4:41am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan 
- #676,469
- Aug 7, 2012 4:46am Aug 7, 2012 4:46am
- | Joined Dec 2011 | Status: NZ Trader | 1,652 Posts
I'm not a triangle kind of guy....
I took the cable short after the move up then failure to make any significant increase in the daily high after the soft data release.
I'm waiting for a pullback on the aud.usd before i take a long position. trading the upward channel on H4 timeframe.
Sound convincing?
Even the worst trade can close with profit. Just give it time.
- #676,470
- Aug 7, 2012 4:46am Aug 7, 2012 4:46am
- | Joined Oct 2010 | Status: Trader | 1,539 Posts
Vote for me, please !
- #676,471
- Aug 7, 2012 4:46am Aug 7, 2012 4:46am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
2402
okay not so bad then.... and I see what you have tried to do 1.24 is a big number but on this occassion is at risk because of the good support in the 1.2407/10 area which if breached would be likely to see a test down but in principle nothing wrong with your entry in front of a big number if you wanted a long.
if you want lower risk entries wait for a turn on the M5 before entering that will give you a lower risk entry normally.
- #676,474
- Aug 7, 2012 4:50am Aug 7, 2012 4:50am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
Interesting, nice approach!
I'm waiting for a pullback on the aud.usd before i take a long position. trading the upward channel on H4 timeframe.
Sound convincing?
is ping pong at the toppish
If you are new to Forex? Say Goodbye to your account!!
- #676,475
- Aug 7, 2012 4:50am Aug 7, 2012 4:50am
- Joined Jan 2011 | Status: Winning is my hobby! | 2,120 Posts
so its again going down from 2400...why the hell it don't hold after going up a little
- #676,476
- Aug 7, 2012 4:52am Aug 7, 2012 4:52am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
Interesting, nice approach!
I'm waiting for a pullback on the aud.usd before i take a long position. trading the upward channel on H4 timeframe.
Sound convincing?
yes... although the lower trend line is a long way back at 1.032x you might be waiting a while on that TF
- #676,477
- Aug 7, 2012 4:52am Aug 7, 2012 4:52am
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
Vote what?
"Men who can both be right and sit tight are uncommon."
- #676,479
- Aug 7, 2012 4:55am Aug 7, 2012 4:55am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan