Supporting the claim of entering when it looks the worst, entry on the spike breaking support
Biggest joker
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Strauss Kahn’s comments have caused EUR/USD to dip below 1.3700, presently at 1.3698.
DislikedUS$ will always goes up if there is any problems around the world, (even alien invasions XD), US$ and Jap YEN are the only two safe haven in all currencies... And yes, sounds like the bailout has not confirmed, just the words from EU IMF and JC.... so yes, this weekend is gonna be a crazy week....
good trading mate~
Have a fun weekendIgnored
DislikedBig seller of AUD calls today
In addition to the Chinese credit tightening, AUD is weighed down this morning by heavy selling of 3 month 0.9500 AUD calls. Could be a long taking profit or a really, really aggressive spec short.Ignored
DislikedWoke up to find my long order @ 9820 triggered overnight. Target just below parity @ 9980. Only a 1/2 lot postion...may well get to add another 1/2 near 9720. Even if the trend is changing (which I doubt), we still need to make a secondary top.... and I just do not believe the 99 area is it. I have, however, been wrong before! Good trades to all.
Regards,Ignored
DislikedWow, they must have some guts. That's not insurance on an existing long position...that's a bet that it's going lower. It better move in their favor. They are already deep in the red.Ignored
DislikedGood Morning FX-Petra,
Good work on that 9820 entry. If you don't mind me asking, how do you arrive at your entry points, like this one for 9820? Was it a fib retracement or something else that helps you dial in the entry and exits? I am new at this and curious to understand how I should time and price my trades also.
Thanks,
Moe.
aka Newbie.Ignored
DislikedI called the short a few days ago, and added to my trade on the retrace back up to 9900. I am betting bigtime that the aussie is going south in the near term.
Entry... short the aud/usd anywhere around 9800 - 9900 for a fall to around 9390 over the next 2 to 4 weeks.
I'm basing this trade primarily on the weekly bars the last fortnight... an obvious short signal.
Will I be wrong? Could be, but I doubt it very much.Ignored
DislikedI called the short a few days ago, and added to my trade on the retrace back up to 9900. I am betting bigtime that the aussie is going south in the near term.
Entry... short the aud/usd anywhere around 9800 - 9900 for a fall to around 9390 over the next 2 to 4 weeks.
I'm basing this trade primarily on the weekly bars the last fortnight... an obvious short signal.
Will I be wrong? Could be, but I doubt it very much.Ignored
DislikedHmmm
¿Possible drop to 9780-9820 to build the right shoulder of a huge inverted H&S at 4H?? (which could take us then theorically to ~1.0080 -> neckline: 9913)
Reason: MACD 1H bearish while Stochastic 1H is overbought...Ignored
DislikedIMF’s Strauss Kahn: Europe has “serious growth problem”, productivity lags in Southern countries with competitiveness problems
[list][*]Sovereign debt crisis not over in Europe[*]Medium-term fiscal consolidation crucial in Europe, job creation must be a priority[*]Europe needs to further integrate labour markets[*]Economic growth needs to be more balanceed, both globally and within Europe[*]It’s simply not true that surpluses are good and deficits are bad[*]Current account deficits in some European countries must...Ignored
DislikedThinking AUD/USD will go to .9950 next week & then going short, in Other words, if I am not around, i have a short order for .9950.
also, anyone know how long it takes to get rid of this 'junior' membership so I can post new threads?Ignored
DislikedThinking AUD/USD will go to .9950 next week & then going short, in Other words, if I am not around, i have a short order for .9950.Ignored