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  • #8,781
  • Nov 11, 2009 4:46am Nov 11, 2009 4:46am
Quoting Patience
...
I think the Fed are into this "transparency" thing
...
That is the funniest thing I have read this month, cheers.
  • #8,782
  • Nov 11, 2009 4:50am Nov 11, 2009 4:50am
Quoting Letos
Entry 9305 TP 9345 Sl 9295.
Have a nice day,guys!
i am also long @0.9305 with target 0.9360
  • #8,783
  • Nov 11, 2009 4:50am Nov 11, 2009 4:50am
Quoting nvcK
That is the funniest thing I have read this month, cheers.
I'm talking about their comments to the market regarding interest rates - not with what they really do behind closed doors i.e. forcing BoA to take over Merrill Lynch, secretly buying Treasuries, refusing to allow an audit, bailing out Goldman Sucks, credit lines to the world, shall I go on ..... If you get what I mean ....
Nothing worth having is easy.
  • #8,784
  • Nov 11, 2009 5:09am Nov 11, 2009 5:09am
morning everyone! still ranging?
  • #8,785
  • Nov 11, 2009 5:24am Nov 11, 2009 5:24am
anyone short the aussie?
  • #8,786
  • Nov 11, 2009 5:31am Nov 11, 2009 5:31am
Quoting ben10
morning everyone! still ranging?
Yeah, nothing looks very attractive to me at the moment at these levels. Well not the USD based pairs. Waiting for a pullback on AUD/JPY. Think I better look at some other non-USD based pairs for times like this.

Holidays in US aren't helping. Last time it was a holiday it was a non-event and then they mashed it the day after. But I'm a little wary of these high levels. I'm wondering if we are going to get profit taking for Xmas at any stage or whether we'll just keep plodding on up.

[EDIT] Is this the longest monthly trend in history or what? I can't seem to find another currency with this many green months in a row.
Nothing worth having is easy.
  • #8,787
  • Nov 11, 2009 5:35am Nov 11, 2009 5:35am
cmon guys its ranging, should be fun to trade ranging market

http://img38.imagefra.me/img/img38/1...dm_f545742.png
  • #8,788
  • Nov 11, 2009 5:39am Nov 11, 2009 5:39am
Quoting Patience
Yeah, nothing looks very attractive to me at the moment at these levels. Well not the USD based pairs. Waiting for a pullback on AUD/JPY. Think I better look at some other non-USD based pairs for times like this.

Holidays in US aren't helping. Last time it was a holiday it was a non-event and then they mashed it the day after. But I'm a little wary of these high levels. I'm wondering if we are going to get profit taking for Xmas at any stage or whether we'll just keep plodding on up.

[EDIT] Is this the longest monthly trend in history or what?...
Hi Patience, just some info for the yen traders

http://www.ashraflaidi.com/articles/...et-the-yen.asp
  • #8,789
  • Nov 11, 2009 5:43am Nov 11, 2009 5:43am
hows that scalping aussie short , good entry hey!
  • #8,790
  • Nov 11, 2009 5:43am Nov 11, 2009 5:43am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting ben10
anyone short the aussie?
thats me ...
  • #8,791
  • Nov 11, 2009 5:45am Nov 11, 2009 5:45am
Quoting ben10
cmon guys its ranging, should be fun to trade ranging market
Only if you've got a fast finger!

Thanks for that article on the yen. Think I better go and do something constructive rather than watching this paint dry. Good trades
Nothing worth having is easy.
  • #8,792
  • Nov 11, 2009 5:49am Nov 11, 2009 5:49am
Quoting Patience
Only if you've got a fast finger!

Thanks for that article on the yen. Think I better go and do something constructive rather than watching this paint dry. Good trades
good idea !
  • #8,793
  • Nov 11, 2009 5:52am Nov 11, 2009 5:52am
Quoting G_Man
thats me ...
thats cool buddy, scalp G_MAN scalp
  • #8,794
  • Nov 11, 2009 5:53am Nov 11, 2009 5:53am
MNI AUSSIE TECHS: Range Break - Further Gains Eyed
RES 4: $0.9847 High July 2008
RES 3: $0.9549 Projected channel from July lows
RES 2: $0.9437 Projected channel from November low
RES 1: $0.9386 Daily Bollinger band
CURRENT LEVEL: $0.9313
SUP 1: $0.9262 Upchannel from November low
SUP 2: $0.9242 5-day moving average
SUP 3: $0.9174 21-day moving average
SUP 4: $0.9151 10-day moving average
COMMENTARY: Aussie has moved to fresh 2009 highs this morning, taking
out the previous range high from October, with risks skewed for further
gains as the rate trades in a developing trend. 10-day momentum is
giving a buy signal, with DMI's also positive.
Provided by: Market News International
Price is what you pay. Value is what you get
  • #8,795
  • Nov 11, 2009 5:58am Nov 11, 2009 5:58am
Hi G_MAN,

scale the trade 1 at 9310 ,1 at 9320 and another one at 9325 , if price move above that resistance just took the bullet, renter if she fall back below 9325, well that very much of my plan
  • #8,796
  • Nov 11, 2009 6:02am Nov 11, 2009 6:02am
Quoting Scalpin
MNI AUSSIE TECHS: Range Break - Further Gains Eyed
RES 4: $0.9847 High July 2008
RES 3: $0.9549 Projected channel from July lows
RES 2: $0.9437 Projected channel from November low
RES 1: $0.9386 Daily Bollinger band
CURRENT LEVEL: $0.9313
SUP 1: $0.9262 Upchannel from November low
SUP 2: $0.9242 5-day moving average
SUP 3: $0.9174 21-day moving average
SUP 4: $0.9151 10-day moving average
COMMENTARY: Aussie has moved to fresh 2009 highs this morning, taking
out the previous range high from October, with risks skewed for further
gains as the rate...
Hi Scalpin, very good info i like it! could you post some chart with DMI indicator on it please! if that possible
  • #8,797
  • Nov 11, 2009 6:03am Nov 11, 2009 6:03am
i use to use DMI when im trading a penny dreadfull stock longtime ago and its quite good IMO!
  • #8,798
  • Nov 11, 2009 6:15am Nov 11, 2009 6:15am
Quoting ben10
anyone short the aussie?
scalped from 0.9330 to 0.9309....rather take some profit then wait it out....will wait for a break of 0.9250 to take positions short obviously if there isnt a follow through break over todays highs at 0.9345
  • #8,799
  • Nov 11, 2009 6:16am Nov 11, 2009 6:16am
It's for the most part remarkable that this Forex trading pair looks exactly like EURUSD. And I would hasten to say then that the same requirements and hypothesis that had me thinking downside for EURUSD has me thinking nearterm downside movement to the regression mean on this pair as well.
Not to mention that volatility is record low in the last few bars which means that there's a possiblity of a fairly forceful breakout to the downside. My profit target would be 0.9250.
Attached Image (click to enlarge)
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  • #8,800
  • Nov 11, 2009 6:26am Nov 11, 2009 6:26am
Quoting matouwah
scalped from 0.9330 to 0.9309....rather take some profit then wait it out....will wait for a break of 0.9250 to take positions short obviously if there isnt a follow through break over todays highs at 0.9345
nice ! pips here and there before you know it 50 or hundred pips you banked, good job. about 9250 penetration and below hmm may be tomorrow when the aussie news is on at around 11;00 sydney time
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