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AUD/USD

  • #36,061
  • Nov 22, 2011 2:23am Nov 22, 2011 2:23am
It is Thanksgiving week and traditionally, it is bullish market regardless of market atmosphere (check 2008).[/quote]

How do you say that it is always bullish??? I understand it was is 2008...

Is it the same all the time???

i'm curious to know about it... And if you could, please can you give me a reason??

I am all the way new to these stuffs... So i thought of learning from you guys...
  • #36,062
  • Nov 22, 2011 2:24am Nov 22, 2011 2:24am
Quoting FX Tsunami
How do you say that it is always bullish??? I understand it was is 2008...

Is it the same all the time???

i'm curious to know about it... And if you could, please can you give me a reason??

I am all the way new to these stuffs... So i thought of learning from you guys...
Low market activity (traders) on holidays.
Easy for retrace or opposing rally.

Almost 0.99 now. About to close up.
Edit: Closed @ 0.9897
  • #36,063
  • Nov 22, 2011 2:26am Nov 22, 2011 2:26am
Quoting Recluse
How do you say that it is always bullish??? I understand it was is 2008...

Is it the same all the time???

i'm curious to know about it... And if you could, please can you give me a reason??

I am all the way new to these stuffs... So i thought of learning from you guys...
Low market activity on holidays.
Easy for retrace or opposing rally.[/quote]


So is it always reversal trend???
  • #36,064
  • Nov 22, 2011 2:27am Nov 22, 2011 2:27am
Quoting Wavesurfer
I never use SL, they're just a way of forking over pips. The stop-loss IS the wolf with his mouth gaping wide open.

I'm short from 103.97 and .9977, holding out till low 90's.

The 103.97 position is an example of where a SL would have killed me. I interpreted a top as in place, or nearly in place on October 26, only to have the market go 350 pips against me for 1 day, then come back in my favour.
Actually come to think of it, I think I was in a GU short when it suddenly spiked up above the previous highs just for a day. It did shake me quite a bit but rode it out as Trendlines and momentum indis told me it was going down. The thing with the GU is that no other pair obeys the rule of fibs and trendlines like it does, but no other pair really has the ability of shaking you out of a trade like it either, except I guess the Yens lately which I have not touched for a couple of years now.
Come with me if you want to live....
  • #36,065
  • Edited 2:46am Nov 22, 2011 2:34am | Edited 2:46am
Time to short now from what I can see. We reached the top of the channel. Does it get much easier?

Short 9894, SL @ BE

http://img51.imageshack.us/img51/3285/downdowndown.png

Edit: Stop triggered. Shorted again. SL @ 9910
  • #36,066
  • Nov 22, 2011 2:59am Nov 22, 2011 2:59am
It hit the resist of 150 EMA at 15 min. however, my indicator show still in strong buying.

Attached Image
  • #36,067
  • Nov 22, 2011 3:09am Nov 22, 2011 3:09am
Short @ 0.9876,
lets see if we can break 0.9800 in the short term...
Expect the unexpected.
  • #36,068
  • Nov 22, 2011 3:13am Nov 22, 2011 3:13am
wow! lucky timing
Expect the unexpected.
  • #36,069
  • Nov 22, 2011 3:14am Nov 22, 2011 3:14am
I'm waiting for 99, then selling, no SL
Come with me if you want to live....
  • #36,070
  • Nov 22, 2011 3:14am Nov 22, 2011 3:14am
Quoting fx-rocket
Short @ 0.9876,
lets see if we can break 0.9800 in the short term...
Yuh... let we see...short
  • #36,071
  • Nov 22, 2011 3:15am Nov 22, 2011 3:15am
Quoting chewwl88
It hit the resist of 150 EMA at 15 min. however, my indicator show still in strong buying.

Time to get a new indicator..
http://img266.imageshack.us/img266/6788/sofarsogood.png
  • #36,072
  • Nov 22, 2011 3:38am Nov 22, 2011 3:38am
Quoting Recluse
Time to get a new indicator..
http://img266.imageshack.us/img266/6788/sofarsogood.png
good any advise?
  • #36,073
  • Nov 22, 2011 3:39am Nov 22, 2011 3:39am
Quoting chewwl88
good any advise?
stop hunt over look for shorts we will bounce off where his tp is

move stops to BE though when your clear... in case whoever feels they need to run their mouth
  • #36,074
  • Nov 22, 2011 3:49am Nov 22, 2011 3:49am
Quoting fxjawn
stop hunt over look for shorts we will bounce off where his tp is

move stops to BE though when your clear... in case whoever feels they need to run their mouth
Yes, I keep losing pips
  • #36,075
  • Edited 5:01am Nov 22, 2011 4:36am | Edited 5:01am
Quoting chewwl88
good any advise?
Nerves of steel, patience of wild buffalo.

Edit: I feel the range is being manipulated, so I exited on that last drop.
Be back tomorrow's Asian session.
  • #36,076
  • Nov 22, 2011 5:15am Nov 22, 2011 5:15am
Quoting chewwl88
Yes, I keep losing pips
im flat now its a clusterfuck
  • #36,077
  • Nov 22, 2011 5:44am Nov 22, 2011 5:44am
Quoting fxjawn
im flat now its a clusterfuck
LOL....technical term?
  • #36,078
  • Nov 22, 2011 5:46am Nov 22, 2011 5:46am
Quoting GBReal
LOL....technical term?
meaning : All of the bad things that can happen do, thus saying fuck for each thing until this becomes cluster fuck
  • #36,079
  • Nov 22, 2011 5:50am Nov 22, 2011 5:50am
Seems like short aint working today...

a) consolidation?
b) turkey rally?
c) fully priced in bad news?
d) enough is enough?
z) all of the above
  • #36,080
  • Nov 22, 2011 5:54am Nov 22, 2011 5:54am
Quoting ragnakore
Seems like short aint working today...

a) consolidation?
b) turkey rally?
c) fully priced in bad news?
d) enough is enough?
z) all of the above
e) Shorts are working. Your timing is off (like right now )?
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