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  • #34,241
  • Oct 6, 2011 7:21pm Oct 6, 2011 7:21pm
Quoting lasty
10:56 07Oct11 RTRS-Germany, France split over EFSF bond buying-report

Just like I warned you guys.. Europe is not a done deal and risk on is a bit premature

agreed while this thing is looking like its at levels.. note that this is the first time it has even checked levels and for any sizable rally from here we will need some compression surrounding this 9400.. we knew that we would find support here... but will the support turn into a demand zone? for that we need the price action to compress in the region to build it .. looks like touch traders and capitulation around where a pullback should be.. wait for compression until then we are still bearish.
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  • #34,242
  • Oct 6, 2011 7:45pm Oct 6, 2011 7:45pm
Im building small short positions into this..
Flexibility is the key here to allow the swings.
We have seen short cover and the harry hopefuls of a positive european outcome..

You only have to look at Europes history to see that the socialists are kidding themselves.

The latest news headline:

"WITH his ratings at record lows, scandal-hit Italian Prime Minister Silvio Berlusconi today quipped his party should change its name to "Go Pussy!" in the latest gaffe likely to incense swathes of voters. "

You have to love this dude but it will take alot more than viagra to hold up the Euro !!!
  • #34,243
  • Oct 6, 2011 10:04pm Oct 6, 2011 10:04pm
  •  Cosi
  • | Joined Jun 2011 | Status: Little girl on the way! Due April!! | 36 Posts
Took small short @ .9773 Lets see where this goes.
  • #34,244
  • Oct 6, 2011 10:31pm Oct 6, 2011 10:31pm
Quoting Cosi
Took small short @ .9773 Lets see where this goes.
Sorry, Cosi.
But depending on where your stop loss is, I dont' thing shorting is the way at the moment.
My long from 9742 with Target 9842 is looking good...
Expect the unexpected.
  • #34,245
  • Oct 6, 2011 10:36pm Oct 6, 2011 10:36pm
  •  Cosi
  • | Joined Jun 2011 | Status: Little girl on the way! Due April!! | 36 Posts
Quoting fx-rocket
Sorry, Cosi.
But depending on where your stop loss is, I dont' thing shorting is the way at the moment.
My long from 9742 with Target 9842 is looking good...

It's a very small position so even if goes out of control it's no big deal. but you are right it still can go up plenty. I'm still holding long from .9412 on second account.
  • #34,246
  • Oct 6, 2011 10:39pm Oct 6, 2011 10:39pm
Quoting Cosi
It's a very small position so even if goes out of control it's no big deal. but you are right it still can go up plenty. I'm still holding long from .9412 on second account.
9412 !

Hats off, well done to pick that one, and still holding on to it!
Expect the unexpected.
  • #34,247
  • Oct 6, 2011 10:46pm Oct 6, 2011 10:46pm
  •  Cosi
  • | Joined Jun 2011 | Status: Little girl on the way! Due April!! | 36 Posts
Quoting fx-rocket
9412 !

Hats off, well done to pick that one, and still holding on to it!
Not sure how everyone else trades but for the most part I just use slow stoch (not at generic settings) When I ignore it I end up kicking myself later on for missing out. It was creaming at me down at .94 This short trade is so small it does not hurt the long trade but hey if it can give something Ill take it. Not sure I want to let the long run to the non-farm. May need to keep S/L very tight just in case.
  • #34,248
  • Oct 6, 2011 10:54pm Oct 6, 2011 10:54pm
Quoting Cosi
Not sure how everyone else trades but for the most part I just use slow stoch (not at generic settings) When I ignore it I end up kicking myself later on for missing out. It was creaming at me down at .94 This short trade is so small it does not hurt the long trade but hey if it can give something Ill take it. Not sure I want to let the long run to the non-farm. May need to keep S/L very tight just in case.
I hear you, Slow stochastics is the only indicator I use, sometimes Fibs too, But horisontal support and resistance offcourse.
I cant' handle trading during nonfarm, too nervy for me...

Good luck and may you have prosperous trades!
Expect the unexpected.
  • #34,249
  • Oct 6, 2011 11:03pm Oct 6, 2011 11:03pm
  •  Cosi
  • | Joined Jun 2011 | Status: Little girl on the way! Due April!! | 36 Posts
Quoting fx-rocket
I hear you, Slow stochastics is the only indicator I use, sometimes Fibs too, But horisontal support and resistance offcourse.
I cant' handle trading during nonfarm, too nervy for me...

Good luck and may you have prosperous trades!

Thank you! Good luck to you.
  • #34,250
  • Oct 7, 2011 4:01am Oct 7, 2011 4:01am
i got stopped out on my short only to see this pair go back down to comfy level..

ces la vie
  • #34,251
  • Oct 7, 2011 8:53am Oct 7, 2011 8:53am
Quoting FX-Petra
Closed my 9640 lot @ 9750. No need to be greedy. Looking for a dip to buy again, hopefully below 9700.

Regards,
No dips available so far. NFP made a big splash up, but things seems ripe for a little sell off to me. Perhaps some big players are using good NFP to unload into the rally. Looking to buy in the 9730 area.

Regards,
  • #34,252
  • Oct 7, 2011 9:41am Oct 7, 2011 9:41am
Quoting Unlog
For today if AUDUSD reach the level, i reccomend to short from 0.9860
Based on ? R2 ? what if aussie rally to 200 pips ? I think going against the trend & try to pick top/bottom is risky..but maybe ok if just want to scalp 10 - 20 pips ..just my opinion though,and definitely i could be wrong..Good Luck !!
  • #34,253
  • Oct 7, 2011 10:34am Oct 7, 2011 10:34am
Quoting andri66
Based on ? R2 ? what if aussie rally to 200 pips ? I think going against the trend & try to pick top/bottom is risky..but maybe ok if just want to scalp 10 - 20 pips ..just my opinion though,and definitely i could be wrong..Good Luck !!
He did not randomly chose the number. If you looked AU last week's high and this week's low, 0.9860 was approximately the 76.4 Fibo level and 9860 was the resistence for Sept 23rd and Sept 27th.
But you are right, go against the trend is dangerous. I was trying to pick the bottom at the early of this week to long on 0.9560 when it was still in downtrend and got s/l at 9470 then i did not want to take another risk to long around 9420 with 60 pips s/l so when AU changed to its 1H long trend i missed the best entry price but fortunately, i got some long at 9580 on Wed and covered some of my loss and close them early cause dont wanna gave them back due to my loss on Monday.. therefore i miss this short term long trend... so still we need to be patinet that dont against the trend unless we found some very very strong resistence or support..
For me the next short will be either 1H turned to bearish or will try some short at strong resisentce 9950 and then next try will be 1.0170
  • #34,254
  • Oct 7, 2011 12:13pm Oct 7, 2011 12:13pm
Approaching my buy zone of 9730. We'll see if equities can continue to cooperate.

Regards,
  • #34,255
  • Oct 7, 2011 12:48pm Oct 7, 2011 12:48pm
Im bewildered! How the hell did AUD fall from the cliff???
NFP was very strong plus an upward revision to the previous should boost and keep AUD above 0.9850 at the least. I think AUD is screwing today.

Petra, you sure wanna go long? Candle is forming doji on the daily.
  • #34,256
  • Oct 7, 2011 1:01pm Oct 7, 2011 1:01pm
Quoting BurgerKing
Im bewildered! How the hell did AUD fall from the cliff???
NFP was very strong plus an upward revision to the previous should boost and keep AUD above 0.9850 at the least. I think AUD is screwing today.

Petra, you sure wanna go long? Candle is forming doji on the daily.
I'am not sure in Long...

atm in Mofu Weekly
http://www.forexfactory.com/showthre...90#post5008690
  • #34,257
  • Oct 7, 2011 2:07pm Oct 7, 2011 2:07pm
Quoting BurgerKing
Im bewildered! How the hell did AUD fall from the cliff???
NFP was very strong plus an upward revision to the previous should boost and keep AUD above 0.9850 at the least. I think AUD is screwing today.

Petra, you sure wanna go long? Candle is forming doji on the daily.
Got long @ 9740. We may well dip below 9700 again. I would be a buyer again @ 9640, w/ stops below 9600. If below 9600, we will likley retest the bottom.

What happened? Big players used the good news this morning to sell into strength. This could have been a dead cat bounce. Hope not, as I am long!

Regards,
  • #34,258
  • Oct 7, 2011 2:36pm Oct 7, 2011 2:36pm
Quoting FX-Petra
Got long @ 9740. We may well dip below 9700 again. I would be a buyer again @ 9640, w/ stops below 9600. If below 9600, we will likley retest the bottom.

What happened? Big players used the good news this morning to sell into strength. This could have been a dead cat bounce. Hope not, as I am long!

Regards,
Closed my 9740 @ 9810. I'm no scalper, but this bounce looks fishy to me. Hope to buy again at a lower price.

Regards,
  • #34,259
  • Oct 7, 2011 2:37pm Oct 7, 2011 2:37pm
Quoting FX-Petra
Closed my 9740 @ 9810. I'm no scalper, but this bounce looks fishy to me. Hope to buy again at a lower price.

Regards,
wise decisions, Monday / Sunday may 50- 100 pip gap
Mohan
  • #34,260
  • Oct 7, 2011 2:51pm Oct 7, 2011 2:51pm
gap which way. holding two short positions. one is negative as i somehow forgot to place a stop.
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