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- Shostakovich replied May 21, 2012
ultimately goes on to show how important it's to stick to plan. keep stoplosses logical, make sure we're getting good risk/rewards. continuing to hold my 5900-6000 correction outlook since yesterday, i think 5740 print invalidates.
- Shostakovich replied May 20, 2012
Yes, agreed targets most likely won't be hit in one day and we should be prepared to exit some/all of the position around 5900 levels. If we get above 6000 by tomorrow I think being greedy would be justified and we could hold it to further targets ...
- Shostakovich replied May 20, 2012
I think selling rallies is the way to go here but the shorter period charts seem to be turning bullish for the time being. for instance, the 9800 level seems like a meaningful support level not to be ignored. I was actually pretty excited that the ...
- Shostakovich replied May 20, 2012
I'm long from the 1.58 level looking for a 100-200 pip bounce, finally looking like a tradable bottom. I think a good reminder trading the cable is to remember that it really likes the false breaks to try to get people to buy the top and sell the ...
- Shostakovich replied May 20, 2012
Of course bad news for the euro is bad for the euro and will weaken it across the board, but the nature of the Australian dollar is that it relies heavily on commodity prices and risk trends, way more so than the euro. There's several reasons for ...
- Shostakovich replied May 18, 2012
A lot of bad news from Europe could cause EUR/AUD to be very bullish, so I'm not sure if this is the pair to try to short speculating on bad news from Europe. Also keep in mind Australian fundamentals are about as bad as it could get with mounds of ...
- Posts by Member Search: 'Shostakovich'