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AUD/USD

  • #37,341
  • Dec 8, 2011 9:19pm Dec 8, 2011 9:19pm
Quoting benjamf13
muh hahahah!! my heart is right for this 15M bar... hahah

keep falling baby, keep falling!!
support brekout.. if it holds under, its doomed!
  • #37,342
  • Dec 8, 2011 9:21pm Dec 8, 2011 9:21pm
Quoting mpurdy1973
no! not this time - this is going to double digits!
Actually it should have been AM I BRAVE ENOUGH TO BUY THE BOUNCE? Apparently not... .. will wait for a much better price.

Edit: Decided to purchase USDCHF instead for 0.3 mini lots.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #37,343
  • Dec 8, 2011 9:26pm Dec 8, 2011 9:26pm
I rarely trade A/U but it's interesting A/U drops more than the E/U pair, nearly 90 pips. E/U only moved around 70 pips or so. Are you guys stil holding your shorts or out already? Tonight should be interesting with the EZ summit underway.
  • #37,344
  • Dec 8, 2011 9:28pm Dec 8, 2011 9:28pm
a nice bounce up to about 1.0150 would be great -> then back down to .97 :-)
  • #37,345
  • Dec 8, 2011 9:28pm Dec 8, 2011 9:28pm
60 Pips on a 5 std

Merry Christmas..

  • #37,346
  • Dec 8, 2011 9:28pm Dec 8, 2011 9:28pm
Quoting jeff_b
I rarely trade A/U but it's interesting A/U drops more than the E/U pair, nearly 90 pips. E/U only moved around 70 pips or so. Are you guys stil holding your shorts or out already? Tonight should be interesting with the EZ summit underway.
i'm 40 pips in the green, so i've now put my SL to BE. Hoping for further downward pressure close to 1.01 or parity. Despite the sentiment, all my indicators I trade with all point south.
  • #37,347
  • Dec 8, 2011 9:29pm Dec 8, 2011 9:29pm
makes ya wonder - must be some insider stuff going on cause that was a fast 20-30 pip drop from 1.02 then it kinda hovered again around 1.017 before the news came out and dropped it like a rock... i shouldn't be surprised though
  • #37,348
  • Dec 8, 2011 9:30pm Dec 8, 2011 9:30pm
Quoting KCV
60 Pips on a 5 std

Mery Christmas..

don't do what I did, and hold it over the weekend. I lost 3std and 160 odd pips at the start of the week by holding on to it over the WE~ D'OH!
  • #37,349
  • Dec 8, 2011 9:31pm Dec 8, 2011 9:31pm
Quoting benjamf13
don't do what I did, and hold it over the weekend. I lost 3std and 160 odd pips at the start of the week by holding on to it over the WE~ D'OH!
I never hold on the weekends..

Sorry to hear that...

Make it now.

KC.
  • #37,350
  • Dec 8, 2011 9:31pm Dec 8, 2011 9:31pm
anyone else doing a concurrent gold play as well?
  • #37,351
  • Dec 8, 2011 9:37pm Dec 8, 2011 9:37pm
shorted at 1.018 n closed for 11 pips to cover loss of previous trade..... wonderful. i'm such an idiot!!!!!!! it always happen this way!!!!

mental block!!@! why cant i just let it run!!!!!!!!
  • #37,352
  • Dec 8, 2011 9:39pm Dec 8, 2011 9:39pm
Quoting happytrader
shorted at 1.018 n closed for 11 pips to cover loss of previous trade..... wonderful. i'm such an idiot!!!!!!! it always happen this way!!!!

mental block!!@! why cant i just let it run!!!!!!!!
don't worry, I do this every now and then too to cover a previous losses too.

Now, wait, evaluate, setup and re-enter.

I'm thinking a minor resistance now forming around 1.012....
  • #37,353
  • Dec 8, 2011 9:41pm Dec 8, 2011 9:41pm
Relax, mate. Why didn't you close half of the trade and let the other half run? Anyways, you should be happy, you made some dough after all.

Quoting happytrader
shorted at 1.018 n closed for 11 pips to cover loss of previous trade..... wonderful. i'm such an idiot!!!!!!! it always happen this way!!!!

mental block!!@! why cant i just let it run!!!!!!!!
  • #37,354
  • Dec 8, 2011 9:41pm Dec 8, 2011 9:41pm
Quoting happytrader
shorted at 1.018 n closed for 11 pips to cover loss of previous trade..... wonderful. i'm such an idiot!!!!!!! it always happen this way!!!!

mental block!!@! why cant i just let it run!!!!!!!!
Indeed.

I had multiple shorts from 1.0336 downwards, I closed them for 50 pips on the first trade.

Much regret.

Still, a learning process. I'd rather pick the right entry and make some money then not pick the right entry at all!
  • #37,355
  • Dec 8, 2011 9:44pm Dec 8, 2011 9:44pm
Quoting benjamf13
don't worry, I do this every now and then too to cover a previous losses too.

Now, wait, evaluate, setup and re-enter.

I'm thinking a minor resistance now forming around 1.012....
u guys are so much better... i've made ONLY 8 PIPS PROFIT! this week...

it' been like this for weeks!!!! 20 pips profit or a 100 pips loss a week is crap! from now on i'm gonna STICK TO MY FIRST TP. NO MORE CUTTING PROFIT. i'm beginning to find this a waste of my time...
  • #37,356
  • Dec 8, 2011 9:44pm Dec 8, 2011 9:44pm
1.01 broken. parity here we come!
  • #37,357
  • Dec 8, 2011 9:53pm Dec 8, 2011 9:53pm
Too soon, give me a decent retracement first won't you so I can join in the fun too. On a serious note, I do believe we are entering a support zone from 1.006 to 1.007 and this zone needs to be cleared first though.

Quoting benjamf13
1.01 broken. parity here we come!
  • #37,358
  • Dec 8, 2011 9:54pm Dec 8, 2011 9:54pm
i am now flat; i think it will go up some before continuing down.
  • #37,359
  • Dec 8, 2011 9:54pm Dec 8, 2011 9:54pm
Quoting happytrader
u guys are so much better... i've made ONLY 8 PIPS PROFIT! this week...

it' been like this for weeks!!!! 20 pips profit or a 100 pips loss a week is crap! from now on i'm gonna STICK TO MY FIRST TP. NO MORE CUTTING PROFIT. i'm beginning to find this a waste of my time...
Like I said before, target small. Money Management is king.

You'd be a lot more relaxed if you have proper money management.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #37,360
  • Dec 8, 2011 9:55pm Dec 8, 2011 9:55pm
Quoting happytrader
u guys are so much better... i've made ONLY 8 PIPS PROFIT! this week...

it' been like this for weeks!!!! 20 pips profit or a 100 pips loss a week is crap! from now on i'm gonna STICK TO MY FIRST TP. NO MORE CUTTING PROFIT. i'm beginning to find this a waste of my time...

Yeah i had a bad week as well......minor set back but I feel I gave up too much profit.........the law of averages applies again.
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