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Aussie Trading Room and Cartoons Gallery

  • #30,621
  • May 23, 2013 12:56am May 23, 2013 12:56am
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  • #30,622
  • May 23, 2013 1:06am May 23, 2013 1:06am
Quoting HelloOz
{quote} dont forget to check/select the "Force Open" Box,otherwise they will close your open position.....
My margin level is currently left with 50%.. My long position with the smallest loss is at -3.8K @ 0.5.. I'm not sure if closing it will have much effect..
  • #30,623
  • May 23, 2013 1:11am May 23, 2013 1:11am
Quoting guppies
{quote} My margin level is currently left with 50%.. My long position with the smallest loss is at -3.8K @ 0.5.. I'm not sure if closing it will have much effect..
Its 40% margin level now.. sigh.. watching my account dying..
  • #30,624
  • Edited 1:26am May 23, 2013 1:16am | Edited 1:26am
Quoting guppies
{quote} Its 40% margin level now.. sigh.. watching my account dying..

Please trade small.Divide your lots into mini lots so if you are wrong then you can wait.
I know its little late but worse thing is once you close with massive loss price magically rebounds.Market has a way of fking people up.
its like if you take a loss at 9550 it might turn around at 9530.
Don't overtrade please ever!
good luck to all of us.

I am from the States and I know how bad economy is.There is very little "recovery" this is more of lipstick on Obama to distract from fking up on foreign policy,IRS internal issues etc.
In trading, you have to be defensive and aggressive at the same time
  • #30,625
  • May 23, 2013 1:33am May 23, 2013 1:33am
Unfortunately, some traders who consider AUD for trading not caring Data on China News which is related to Aussi pairs and get lost most of the time
also, in very strong Down Trend thinking about long position!!!
It's very weird how they manage to deposit again and again, when they wanna take profit?
Don’t follow someone else’s trading advice blindly
  • #30,626
  • May 23, 2013 1:40am May 23, 2013 1:40am
Quoting guppies
{quote} Its 40% margin level now.. sigh.. watching my account dying..
If its a large account consider hedging while the AUD is looking to find a floor.
Have a nice day
  • #30,627
  • May 23, 2013 1:43am May 23, 2013 1:43am
Quoting kamifx
Unfortunately, some traders who consider AUD for trading not caring Data on China News which is related to Aussi pairs and get lost most of the timealso, in very strong Down Trend thinking about long position!!!It's very weird how they manage to deposit again and again, when they wanna take profit?

I just want to say show some camaraderie and understanding.Nobody expected this down trend to go as low as it has and ironically only a hint of "recovery"
Feds will continue to print money and that's what Bernanke said and markets overreact.
Just saying putting salt on the wound does not help.
In trading, you have to be defensive and aggressive at the same time
  • #30,628
  • May 23, 2013 2:44am May 23, 2013 2:44am
I just closed part of 3 of my longs... See what happens.
  • #30,629
  • May 23, 2013 3:08am May 23, 2013 3:08am
Quoting HelloOz
. {image}
You recon there is a bottom?
  • #30,630
  • May 23, 2013 3:10am May 23, 2013 3:10am
96 is the bottom for now but I don't see any reason to place a long, especially with the Nikkei down 7% today could cause the markets to go into overdrive tonight. We could see the AUD a lot lower by the weekend. Interesting times ahead. I have closed out all my shorts and am on the sidelines with this currency probably till next week. Good luck everyone trade safe
  • #30,631
  • May 23, 2013 3:13am May 23, 2013 3:13am
This move on aussie have blown many accounts.Im on the same boat...on a 15000$ account im currently down -5000+pips and total of $2500 but i will add funds if need be..this thing seriously need to find a floor no respect to any support whatsoever.Goodluck everyone.
  • #30,632
  • May 23, 2013 3:21am May 23, 2013 3:21am
Quoting Davit
Nobody expected this down trend to go as low as it has
Nobody expected? Are you joking?

You shouldn't can't use words like never, impossible and nobody in the forex market and btw :
http://www.forexfactory.com/news.php?do=news&id=427508

I don't say we should follow what they say but sure some people expect it to go even lower. I expect it, but i expect a retrace too, not sure when though...it may really well start today...
As well some analysts really expect Ben Bernanke to raise rates in some weeks, it may seems crazy but sometimes crazy things happens.
  • #30,633
  • May 23, 2013 3:29am May 23, 2013 3:29am
Quoting Arman_A
I just closed part of 3 of my longs... See what happens.
And you know what happens?
As soon as you close the trade, the price goes your way
Have a nice day
  • #30,634
  • May 23, 2013 3:35am May 23, 2013 3:35am
Quoting billv
{quote}And you know what happens?As soon as you close the trade, the price goes your way
LOL it does... come on baby lets go back up to welth!
  • #30,635
  • May 23, 2013 3:39am May 23, 2013 3:39am
Quoting Arman_A
I just closed part of 3 of my longs... See what happens.
Took the chance too.. and trimmed down 1 lot of my longs
  • #30,636
  • May 23, 2013 3:53am May 23, 2013 3:53am
Bulls in power in the 1 h
Possible hammer forming on the daily... Wait for confirmation.
  • #30,637
  • May 23, 2013 4:03am May 23, 2013 4:03am
Quoting Arman_A
Bulls in power in the 1 hPossible hammer forming on the daily... Wait for confirmation.
hoping for the best and actually very tempted to hedge now
  • #30,638
  • May 23, 2013 4:07am May 23, 2013 4:07am
Quoting Arman_A
Bulls in power in the 1 hPossible hammer forming on the daily... Wait for confirmation.
yeah that would be bullish..
sign for reversal..??
  • #30,639
  • May 23, 2013 4:12am May 23, 2013 4:12am
Quoting HelloOz
{quote} yeah that would be bullish..sign for reversal..??
similar daily candle pattern as this time last year...
still too early to say though...
  • #30,640
  • May 23, 2013 4:15am May 23, 2013 4:15am
and guess what,
position ratio is now
39% long
61% short..

seems to me its a classic buy (USD) on rumour and sell on facts..
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