liquidated looking at huge drop soon possible as risk aversion occurs not selling tho... interest rate to wide.. statistics point to large down month moving to cash 1000 or so points? when large traders commercial and small retail contract like they are doing usually its a top or end of immediate trend.
- #31,724
- Aug 2, 2011 3:43pm Aug 2, 2011 3:43pm
- Joined Oct 2010 | Status: Trader | 1,654 Posts
long AUD/USD with H4 oversold, H1 oversold, Strong support at 1.079 ish and price reacts fast here, so TP 50 pips north of 90,
Good luck with all your trades
Good luck with all your trades
- #31,725
- Aug 2, 2011 3:47pm Aug 2, 2011 3:47pm
- | Joined Apr 2010 | Status: Trader | 1,035 Posts
long AUD/USD with H4 oversold, H1 oversold, Strong support at 1.079 ish and price reacts fast here, so TP 50 pips north of 90,
Good luck with all your trades
i'm looking for a long, too
good luck!
big numbers are our friends...
I currently have an open long 140 pips in the hole @1.07870. Everyone seems to agree that the price of AUDUSD will come back up (targeting 50 pips).
Would you folks recommend adding to my long position in order to recover some of this and hopefully end up in profit?
I'm a beginner trader, so any feedback will be much appreciated
Would you folks recommend adding to my long position in order to recover some of this and hopefully end up in profit?
I'm a beginner trader, so any feedback will be much appreciated
- #31,728
- Aug 2, 2011 4:59pm Aug 2, 2011 4:59pm
- Joined Apr 2011 | Status: That the best u can do, u pansies? | 6,087 Posts
I currently have an open long 140 pips in the hole @1.07870. Everyone seems to agree that the price of AUDUSD will come back up (targeting 50 pips).
Would you folks recommend adding to my long position in order to recover some of this and hopefully end up in profit?
I'm a beginner trader, so any feedback will be much appreciated
i know its hard man but r:r is the name of the game...
honestly you could probably learn S/R levels... flip a coin... use proper MM and r:r and make money in the forex
the news comin up in an hour may be the deal break for you... if its bad u may want to just eat ur losses...
- #31,730
- Aug 2, 2011 6:12pm Aug 2, 2011 6:12pm
- | Joined Apr 2010 | Status: Trader | 1,035 Posts
I see everyone is going long here.. Do you guys really want to stand in front of that bear freight train at the moment? I think I'll wait for an obvious trend reversal instead of trying to blindy pick the bottom
big numbers are our friends...
- #31,731
- Aug 2, 2011 6:47pm Aug 2, 2011 6:47pm
advice... dont let a trade with a 50 pip TP target ever go 140 pips against you....
i know its hard man but r:r is the name of the game...
honestly you could probably learn S/R levels... flip a coin... use proper MM and r:r and make money in the forex
I almost went long also at support around 765 but the momentum looked a tad strong so I stayed out and glad i did... I see it came to rest at the mofu (50%) of the last major upmove through July, but theres not a lot else in that area on my charts.
Meanwhile Im still in love with PoundSwissy! That bitch will not stop going down on me!
Closed positions over the weekend (well stopped out for over 400 pips) and its now 1000 pips since my original entry, shame i didnt leave a couple on! I suggest everyone check out this pair if you want some longer term posi's. Sell rallys with a decent stop and its pretty hard to fuck up. Otherwise not sure what Aussie will bring today, missed this downmove so will sit out till it runs out of steam i think...
- #31,732
- Aug 2, 2011 7:08pm Aug 2, 2011 7:08pm
I see everyone is going long here.. Do you guys really want to stand in front of that bear freight train at the moment? I think I'll wait for an obvious trend reversal instead of trying to blindy pick the bottom
- #31,733
- Aug 2, 2011 7:31pm Aug 2, 2011 7:31pm
- | Membership Revoked | Joined Aug 2007 | 1,069 Posts
CHETS BACK!!!! Good to see.. What made you go change again??
I almost went long also at support around 765 but the momentum looked a tad strong so I stayed out and glad i did... I see it came to rest at the mofu (50%) of the last major upmove through July, but theres not a lot else in that area on my charts.
Meanwhile Im still in love with PoundSwissy! That bitch will not stop going down on me!
GBPCHF is too low right now and it amybe time to buy it,
and i did..
lets see if it comes back to 1.27 my target or not
and yes i bough AUDUSD also
doent look like to me a crash in AUDUSD
it will recover soon very soon..
i will post again when it will reach my target 1.0930 AUDUSD and GBPCHF at 1.2700
Trade.Wisely
Don't compare your Trades with Others
- #31,734
- Aug 2, 2011 7:36pm Aug 2, 2011 7:36pm
- | Membership Revoked | Joined Aug 2007 | 1,069 Posts
that's what 'looking for a long' means
as i did anwyays lets see 1.0930 is in the cards or not,
got a lower thrid test as i got in eurusd yesterday and it went up 90 points in an hour,
and let me tell you one thing it is extremely over sold in many time frames,
and it is not cad which can be over bought for long long time.. (over bought means buy cad again any pair like usdcad sell is CAd buy),
Trade.Wisely
Don't compare your Trades with Others
- #31,736
- Aug 2, 2011 7:59pm Aug 2, 2011 7:59pm
I agree, anything paired with the Swissy at the moment is getting wiped clean. GBPCHF is great, but I favor EURCHF, as all the crap that is going on Europe will continue to worsen. There are so many shoes to drop in the Euro zone and the pair establishes all time lows pretty every other day of the week.
CHETS BACK!!!! Good to see.. What made you go change again??
I almost went long also at support around 765 but the momentum looked a tad strong so I stayed out and glad i did... I see it came to rest at the mofu (50%) of the last major upmove through July, but theres not a lot else in that area on my charts.
Meanwhile Im still in love with PoundSwissy! That bitch will not stop going down on me!
Trade what you see, not what you think!
- #31,737
- Aug 2, 2011 8:11pm Aug 2, 2011 8:11pm
I agree, anything paired with the Swissy at the moment is getting wiped clean. GBPCHF is great, but I favor EURCHF, as all the crap that is going on Europe will continue to worsen. There are so many shoes to drop in the Euro zone and the pair establishes all time lows pretty every other day of the week.
- #31,739
- Aug 2, 2011 8:25pm Aug 2, 2011 8:25pm
EURCHF eh? havent checked it out... hmmmmm
