range trading , i guess easy to see after the fact, at some point range will break thats what i dont like about playing ranges
- #37,644
- Dec 13, 2011 6:18pm Dec 13, 2011 6:18pm
- | Joined Sep 2010 | Status: a happy trader | 142 Posts
Asian bears are trying to push lower once more. With a lower high on its back, will it succeed in breaching 0.9980 ? Will the defending bulls give in ?
Will the bears reconsider their campaign?
The tone of your words reflects the quality and result of your trading ;-)
- #37,646
- Dec 13, 2011 6:34pm Dec 13, 2011 6:34pm
i think its just range trading for now, its asia trade wait for europe there will be a move some direction
a break up might see 1.002 and beyond? or a break down perhaps .998 and beyond?
- #37,651
- Dec 13, 2011 7:25pm Dec 13, 2011 7:25pm
or perhaps if it breaks this channel in the 5M charts.....
a break up might see 1.002 and beyond? or a break down perhaps .998 and beyond?
it broke out too quick
i wouldn't be so quick to short it
glad i did not short
- #37,652
- Dec 13, 2011 7:26pm Dec 13, 2011 7:26pm
about to break out of a 6 hour channel; if i was brave i would go long; but i am not; so i will wait till later to short :-)
probably would be safer to short the euraud; seems to be trading in inverse to the audusd right now.
It just broke out, and I was sitting here watching the 15m chart, and had a bad gut feeling, so closed my shorts in profit, and what happens 4 minutes later - bang! the up! now I'll wait to see where this lands and short the bugger again
- #37,658
- Edited 11:28pm Dec 13, 2011 9:09pm | Edited 11:28pm
- Joined Mar 2008 | Status: Name real with real own way | 23,418 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++