Disliked{quote} Think you needed another 10-20 pips on your stop loss. Looks to have stalled 5 pips above your stop loss.Ignored
Cheers!
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Disliked{quote} Think you needed another 10-20 pips on your stop loss. Looks to have stalled 5 pips above your stop loss.Ignored
Disliked{quote} Well probably, but its ok. I prefer to be in control of my trades. Losing 20pips tbh is nothing as compared to 100pips. Trade and have good risk mgt to live and trade another day. Cheers!Ignored
Disliked{quote} Ridddle me this, if I position size a trade to lose 1% at 20 pips and another trade position size to lose 1% at 100 pips which trade has the most financial RISK ?Ignored
Disliked{quote} Ridddle me this, if I position size a trade to lose 1% at 20 pips and another trade position size to lose 1% at 100 pips which trade has the most financial RISK ?Ignored
Disliked{quote} Ridddle me this, if I position size a trade to lose 1% at 20 pips and another trade position size to lose 1% at 100 pips which trade has the most financial RISK ?Ignored
DislikedOk, another push up HIGHLY unlikely unless US Data is crap, since it's moved 65 pips driven given my analysis by IRON ore bullish momentum CPI crap tomorrow and yes, this pair will bring 78Ignored
Disliked{quote} That image looks pretty scary mate. To me it also looks like an ascending triangle, it's at the edge and could potentially break upwards. Recently saw that happen on a 1 Hr chart I think. It already has multiple touches to that line. If it had a breakthrough from this triangle, then its straight into the 0.80s especially at the daily chart level.Ignored
Disliked{quote} Definitely an ascending triangle. Question is will it tighten for another cycle. based on tomorrows economic releases I think it could.Ignored
Disliked{quote} No idea. I have been trying to look at it fundamentally so far and hence was bearish, but fundamentals don't work in the short term and I should have known that better. Now, it's more of a wait and watch. There is a lot of noise out there and with the US dollar pretty bearish, it's hard to take a right guess. If I see some reassuring red reversal candle/s, I will try for a short otherwise I am sitting out on this one or will try to scalp.Ignored
DislikedI've been following this Iron Ore and the AUD since the China open Iron ore futures market in a big way early last year. I really only focus on how it affects this pair. {image} The news from Chinese Gov (around steel and ore) really seems to affect the price of iron ore futures, and a day or so late iron ore spot. Chinese change their view on this market weekly so its hard to predict the future movements too much. But the lag between futures and spot is about a day...Ignored
Disliked{quote} 0.80 is definitely possible, but i will be expecting at least a pull back first before engaging longs. Looks kind of overextended currently at .7740.Ignored
DislikedI've been following this Iron Ore and the AUD since the China open Iron ore futures market in a big way early last year. I really only focus on how it affects this pair. {image} The news from Chinese Gov (around steel and ore) really seems to affect the price of iron ore futures, and a day or so late iron ore spot. Chinese change their view on this market weekly so its hard to predict the future movements too much. But the lag between futures and spot is about a day...Ignored
Disliked{quote} We seem all to agree. Kudos on those long since 75 ..76 As i shared some days ago I am holding a losing short for reasons beyond this thread which now is biting m3 in the ass big time. And yes every report i read almost daily talks about a aud at 73 ...70 ... but hey! these are the same guys who saw it today, on July, as we speak, at 65... I am not an economist. Pretty sure all those analyst have a reason to see the aud falling.. .and as stated some by some of you short term and fundamental don't go together But today the pic is this afaik...Ignored