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  • #15,961
  • Edited 4:57am Feb 10, 2010 4:44am | Edited 4:57am
Quoting Daytrader74
Nothing ? there was a quick spike from 8755 to 8780 then now is heading back down ?!?
That could be a bullish sign. That's exactly what happens when big money goes for a buy in a quiet market. The price shoots up 20-30 pips and then gets sold back down by the public.
  • #15,962
  • Feb 10, 2010 4:52am Feb 10, 2010 4:52am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Folks,

This is what I see.

I see us climbing back to 888xx, 895xxx level. Do not think it's advisable to load any shorts yet.


ta
ams
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  • #15,963
  • Feb 10, 2010 4:58am Feb 10, 2010 4:58am
Quoting aicccia
That could be a bullish sign. That's exactly what happens when big money goes for a buy in a quiet market. The price shoots up 20-30 pips and then gets sold back down by the public.
whats your position
  • #15,964
  • Feb 10, 2010 5:00am Feb 10, 2010 5:00am
Quoting Clouds
u have stop above 88?
My SL is @8880
  • #15,965
  • Feb 10, 2010 5:05am Feb 10, 2010 5:05am
Quoting Clouds
yeah, it's BS, it's the BULLS last lame attempt.
That was a good one.

I am moderately Bullish on this pair but it seems to have run into a brick wall just below 0.88., my basis.

Whatever happens I am getting out of this trade before the employment numbers come out tonight at 7:30 P ( my local time ).
  • #15,966
  • Feb 10, 2010 5:09am Feb 10, 2010 5:09am
Quoting yorygog
That was a good one.

I am moderately Bullish on this pair but it seems to have run into a brick wall just below 0.88., my basis.

Whatever happens I am getting out of this trade before the employment numbers come out tonight at 7:30 P ( my local time ).
i think i'd switch to bullish too above .88
  • #15,967
  • Feb 10, 2010 5:15am Feb 10, 2010 5:15am
Quoting Clouds
i think i'd switch to bullish too above .88
I am currently Long at 0.88. In the short term if it doesn't break through by mid afternoon I will probably exit and take a small loss ( was down big last Friday).

Having open positions when employment numbers come out has not been very kind to me here lately.
  • #15,968
  • Feb 10, 2010 5:17am Feb 10, 2010 5:17am
Quoting yorygog
I am currently Long at 0.88. In the short term if it doesn't break through by mid afternoon I will probably exit and take a small loss ( was down big last Friday).

Having open positions when employment numbers come out has not been very kind to me here lately.
you're trade must be huge, otherwise the aud would be dropping right now. im gonna try and get some sleep, but I KNOW as soon as i lay down, something will happen.. :/ and im starting to not trust .88
  • #15,969
  • Feb 10, 2010 5:26am Feb 10, 2010 5:26am
No, just 2 Lots.
  • #15,970
  • Feb 10, 2010 5:29am Feb 10, 2010 5:29am
Quoting Clouds
whats your position
I think its either going straight down after the annoucement or it will spike up maybe 50 pips and come right back down.

I can think of a lot more reasons, fundamentally and technically, for it to significantly down rather than significantly up.
  • #15,971
  • Feb 10, 2010 5:38am Feb 10, 2010 5:38am
I have to concur with those who are bullish in the short term. It has met considerable resistance at 8800. If the Americans break through this level I expect it will go to 8850 rather quickly. If the test fails then I see it falling back to the comfort zone of 8750. Even on the monthly chart it is peeking above the upper trend, confirming that 8800 is such an important level.
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  • #15,972
  • Feb 10, 2010 5:39am Feb 10, 2010 5:39am
Quoting Clouds
im gonna try and get some sleep, but I KNOW as soon as i lay down, something will happen..
I tell you what Darling, if you live in the Indy area just give me your address and I will personaly come over and wake you up. If not, just give me your digits and i will give you a call.








P.S. -- Just kidding, just kidding. I still have a lot to learn about trading these markets but one thing I have learned is if you lose your sense of humor, no matter how bad things are going, your doomed.

  • #15,973
  • Feb 10, 2010 5:40am Feb 10, 2010 5:40am
Quoting aicccia
I think its either going straight down after the annoucement or it will spike up maybe 50 pips and come right back down.

I can think of a lot more reasons, fundamentally and technically, for it to significantly down rather than significantly up.
looks like the buyers may be tired, first bearish 30-min candle forming since the run-up. As long as it stays below .88, till announcement , I'll be happy.
  • #15,974
  • Feb 10, 2010 5:47am Feb 10, 2010 5:47am
I would have expected it to break the 88 level during U.S. session yesterday, With such a big gain in equites. It did flirt but never got there.
thats the only reason Im still short. and will remain until we break the 88.
Dow futures now stand at +30. Should be interesting for sure.
Anyone wishing to sell wallstreet warriors season 3 please pm me
  • #15,975
  • Feb 10, 2010 5:58am Feb 10, 2010 5:58am
Looks like another boring night (before the news anyway). Does anyone have any insight?
Find a job that you love and you dont have to work again in your life.
  • #15,976
  • Feb 10, 2010 6:04am Feb 10, 2010 6:04am
I wish I did.

I am just hoping it will break through the 0.88 barrier before the news because I am out of this trade before the news comes out.
  • #15,977
  • Feb 10, 2010 6:08am Feb 10, 2010 6:08am
Quoting yorygog
I wish I did.

I am just hoping it will break through the 0.88 barrier before the news because I am out of this trade before the news comes out.
I am getting a formation of a drop on 1M and 5M, but will wait for trend line to be broken before I take a short. (Will post chart in 5 min)
Find a job that you love and you dont have to work again in your life.
  • #15,978
  • Feb 10, 2010 6:11am Feb 10, 2010 6:11am
These days whenever I get up in the morning, there is always a surprise waiting. Why does all the action happen while we are asleep? I bet if I place a sell at 8800 it will be at 8825 by breakfast time. Problem with being antipodean I guess.
  • #15,979
  • Feb 10, 2010 6:15am Feb 10, 2010 6:15am
Quoting Squarepants
These days whenever I get up in the morning, there is always a surprise waiting. Why does all the action happen while we are asleep? I bet if I place a sell at 8800 it will be at 8825 by breakfast time. Problem with being antipodean I guess.
Yeah I agree with you thats why I decided to never sleep again because I miss way too much action while I'm sleeping
  • #15,980
  • Feb 10, 2010 6:16am Feb 10, 2010 6:16am
Here is the chart
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Find a job that you love and you dont have to work again in your life.
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