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  • #102,461
  • Edited 3:22am Aug 11, 2017 3:08am | Edited 3:22am
Quoting Drolph
Arslan, I am promising to enjoy spending the money I took from you until now - in a respectful way of course.
When one is losing this amount of pips, by now should be around800++ pips, i wouldn't blame him for all that rage. Once he is back from being suspended, his only avenue of relieving his rage is over here, and sadly we are his target board.

RBA is definitely not liking the high prices, however i'd think that it is still the strength or weakness of USD driving this pair.


Quoting ArslanHyder
Bulls waking up PS: It was a bearish trap.
Arslan, i understand that you are facing massive losses currently. You can still add on more longs like what you had preached earlier and pray hard, it might reverse soon. Who knows, you could be right and it could be a bearish trap at current prices of .7860. I will NEVER doubt the medical and management sciences graduate.

Risk Comes From Not Knowing What You Are Doing ~ Warren Buffet
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  • #102,462
  • Aug 11, 2017 3:24am Aug 11, 2017 3:24am
Quoting SkyrEk
{quote} When one is losing this amount of pips, by now should be around800++ pips, i wouldn't blame him for all that rage. Once he is back from being suspended, his only avenue of relieving his rage is over here, and sadly we are his target board. RBA is definitely not liking the high prices, however i'd think that it is still the strength or weakness of USD driving this pair. {quote} Arslan, i understand that you are facing massive losses currently. You can still add on more longs like what you had preached earlier and pray hard, it might reverse...
leave him alone guys, i think he suffer enough by that deep red buys. if trend continues down, he can only stop it manually or stop by the broker, i think xm stop level is quite big. He is very mad because two things, first the one he preached is not realized and his floating loss quite big now.
One thing i never dare in forex is to tell someone to put a position call it buy or short. He should change his attitude if want to be welcome in this forum
making money is easy in forex, losing money is even easier...
  • #102,463
  • Aug 11, 2017 7:50am Aug 11, 2017 7:50am
Quoting thewriter30
{quote} So.. I still see this sucker going up... except.... Any bets on what is doing now as we write? Is it breaking 79 again,?
and right again

unfortunately
  • #102,464
  • Aug 11, 2017 7:51am Aug 11, 2017 7:51am
Quoting thewriter30
{quote} and right again unfortunately
However if it doesn't break it properly, I will start believing this is in for a correction down fk finally
  • #102,465
  • Aug 11, 2017 7:55am Aug 11, 2017 7:55am
So sad. He lost his cool and get suspended. He should stay calm as his prediction may be right.
  • #102,466
  • Aug 11, 2017 7:58am Aug 11, 2017 7:58am
Quoting sdcasper
{image}
On the Daily, this is a correction and nothing more though
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  • #102,467
  • Aug 11, 2017 8:09am Aug 11, 2017 8:09am
Quoting SkyrEk
{quote} Going well Daily chart. Shall close my shorts in that region and take profit for the week. At the same time, monitor PA for potential long trades (only if there are bullish PA, otherwise i wouldn't go against the grain) Cheers! {image}
Plan is still intact.
  • #102,468
  • Aug 11, 2017 9:16am Aug 11, 2017 9:16am
Quoting Dgrat1
So sad. He lost his cool and get suspended. He should stay calm as his prediction may be right.
To be honest, hard to imagine PhD has that kind of attitude...
making money is easy in forex, losing money is even easier...
  • #102,469
  • Aug 11, 2017 8:38pm Aug 11, 2017 8:38pm
Quoting thewriter30
{quote} On the Daily, this is a correction and nothing more though {image}
Taking a look at some of the major military conflicts over the past 3 decades, the Dollar Index suffers greatly when there is war. Not only does the cost of war require an expansion of money supply, commodity prices also tend to rise during this time putting additional pressure on the U.S. economy. In the 2 months from when the conflicts in Libya started the dollar index dropped nearly 5% and in the first 3 months of the second Gulf War, the dollar index fell more than 9%.
  • #102,470
  • Aug 12, 2017 1:38am Aug 12, 2017 1:38am
What if China and India declare war？
  • #102,471
  • Aug 13, 2017 12:05am Aug 13, 2017 12:05am
Quoting zew
What if China and India declare war？
Why would China and India declare war?
  • #102,472
  • Aug 13, 2017 1:25am Aug 13, 2017 1:25am
4 Hour Analysis. Looks like it will come down.

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Weekly shows could retest 75 before resume an uptrend.

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Obviously this is purely technical. From a fundamentals perspective there a couple of wild cards.:

1. RBA wants a weaker dollar.
2. The underlining of a possible North Korea conflict.
  • #102,473
  • Aug 13, 2017 2:11am Aug 13, 2017 2:11am
Looks like a profit taking scheme, might look for long later
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  • #102,474
  • Aug 13, 2017 1:14pm Aug 13, 2017 1:14pm
Not sure if we've hit the top of B yet for a short? I have this as possibly the end of leg 4 on the H4 chart. Trying to learn just a little EW.
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  • #102,475
  • Aug 13, 2017 1:24pm Aug 13, 2017 1:24pm
I only use technical analysis so its good reading posts about news, rba, etc...It's the edge in my trading that is lacking.
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  • #102,476
  • Aug 13, 2017 5:49pm Aug 13, 2017 5:49pm
Quoting Violenteer
{quote} Why would China and India declare war?
They've had a long running border dispute (so I would have thought war unlikely but here's some more info) http://www.scmp.com/news/china/diplo...pes-resolution
Hope for the best, prepare for the worst.
  • #102,477
  • Edited 6:57pm Aug 13, 2017 5:53pm | Edited 6:57pm
Have a good trading week!

Invalidation level: .7925
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  • #102,478
  • Aug 13, 2017 6:15pm Aug 13, 2017 6:15pm
Quoting sdcasper
Not sure if we've hit the top of B yet for a short? I have this as possibly the end of leg 4 on the H4 chart. Trying to learn just a little EW. {image}
Dude, you won't figure it on 5 min chart
It's still wave 3 of wave a imo
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  • #102,479
  • Aug 13, 2017 7:14pm Aug 13, 2017 7:14pm
I follow this AU religiously. I just defy's me. I swore it was prepped for a bearish move. technicals can be so fickle.
  • #102,480
  • Aug 13, 2017 7:56pm Aug 13, 2017 7:56pm
Quoting IPMan
{quote} Dude, you won't figure it on 5 min chart It's still wave 3 of wave a imo {image}
Wave A on the H4, so bearish. appreciate your analysis. not entries, just analysis.
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