The markets telepathic voices say 1.05
PPP - Patience Pays PIPS
- #37,844
- Dec 15, 2011 4:03pm Dec 15, 2011 4:03pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
I hope u meant 1.005
- #37,845
- Dec 15, 2011 4:31pm Dec 15, 2011 4:31pm
- Joined Aug 2008 | Status: Trader | 3,386 Posts
AUD/USD @ .9925
By now most of you should be feeling vertigo sitting on a full wallet.
The congestion in the 98's as forewarned proved correct and the bounce came nicely towards parity where sellers were lined up.
Many got caught short in the Gold trap..
My spies tell me European CB selling..
Were they then buying Euro to ease up the credit markets? Im thinking yeah
Today.. I dont see much and should be contained within last night range..
Nice weekend..
By now most of you should be feeling vertigo sitting on a full wallet.
The congestion in the 98's as forewarned proved correct and the bounce came nicely towards parity where sellers were lined up.
Many got caught short in the Gold trap..
My spies tell me European CB selling..
Were they then buying Euro to ease up the credit markets? Im thinking yeah
Today.. I dont see much and should be contained within last night range..
Nice weekend..
How many times have I have a nice profit for the year, only to have my teeth kicked in the last 2 weeks? Too many, too painful to recall. I took 2 lots and got some of the bounce. I am all out now. I just don't see any great European salvation between now and new year's day. If I miss a big run up, so be it. I have a nice return for the year, so I am taking my chips off the table. Plus, I am only long this pair, and big "risk on" over the next few weeks doesn't seem plausible to me.
Good Trades to All.......
Regards,
We'll try to keep the brokers busy.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
- #37,847
- Dec 15, 2011 6:54pm Dec 15, 2011 6:54pm
- Joined Jul 2011 | Status: Heads is a buy. Tails is a sell. | 1,031 Posts
I hope u meant 1.005
- #37,850
- Dec 15, 2011 7:11pm Dec 15, 2011 7:11pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
too many people throwing magic numbers
- #37,856
- Dec 15, 2011 8:11pm Dec 15, 2011 8:11pm
- | Joined Dec 2011 | Status: Trader | 1,581 Posts
Any prices quoted are futures
- #37,857
- Dec 15, 2011 8:18pm Dec 15, 2011 8:18pm
now Executed 0.9955, 0.9980
Added another short at 1.00
still no SLs - I think this bull will have a heavy charge to satisfy the Longs, then will tank as quick as it got up there. Hoping for the turnaround to happen around the 1.00-1.005 area.
Closed off every other position as they moved into the green - even if they were no where near their TP's - closed a few that looked like they were going to turn around and strike the SL's at some point for small losses. I'm not risking anymore then i have to this weekend. Although, I'm very tempted to short the ASX200 index. Hmmm... haha
This week, total pip score ~+750 throughout the different pairs.
Only thing left on the table is 6x shorts at different intervals on the Aussie pair, no SL's. I've allowed enough breathing space for this pair to go over 600pips in the red without having to worry about "the call"
haha. God help us if it gets this far out of control Anyway, off to lunch with the boys for a hamburger and a handle me thinks
Have a great weekend all! Safe trading!