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  • #583,461
  • Jan 13, 2012 12:38am Jan 13, 2012 12:38am
morning peeps good to see some constructive trading conversation going

So as discussed yesterday (chart in attached post)

http://www.forexfactory.com/showthre...98#post5289198

the correction has deepened to the 50% 1.287x level and could yet go to 61.8% level 1.291x.

Which despite some post I saw a couple of hours back saying the dailiy trend is bullish would still be in the bounds on a correction move and the daily charts are definately still bearish.....

that said there is always the possibility that this move could continue and become a possible reversal but it would need to take out the recent daily high at 1.307x to confirm.
  • #583,462
  • Jan 13, 2012 12:39am Jan 13, 2012 12:39am
Quoting GSGill
Out 1 from 2866 +8
short till 2840 or till 2800 for reload up? any ideas?
  • #583,463
  • Edited 12:39am Jan 13, 2012 12:39am | Edited 12:39am
Quoting johncen
yes finally a good one after all the shits....start building up my confidence again....

We have Italy auction tonight again right?

tomorrow we have Taiwan election...if the opposition win, I think its gonna drag Aussie and Kiwi down a bit on Monday...
Only know that aussie depend on China..never thought of Taiwan..tx
  • #583,464
  • Jan 13, 2012 12:40am Jan 13, 2012 12:40am
Quoting johncen
do they ever make losses?
now peg on 1.25 might come in play / news again . taking a small long might pay good return.

i will back after 2 1/4 H
Mohan
  • #583,465
  • Jan 13, 2012 12:42am Jan 13, 2012 12:42am
Quoting andri66
Only know that aussie depend on China..never thought of Taiwan..tx
They do relates.
well if the opposition wins the election..how will China react?~~
unstable East Asia wont do any good to Aussie..
Patience, Emotion Control and Discipline.
  • #583,466
  • Jan 13, 2012 12:43am Jan 13, 2012 12:43am
Quoting viitrader
short till 2840 or till 2800 for reload up? any ideas?
I will exit half of 2874 @ 2855 and let the rest ride with SL at already at BE and trailing with 25 and yeah I do see 2803 for a possible long load up but we shall see
  • #583,467
  • Jan 13, 2012 12:43am Jan 13, 2012 12:43am
Quoting 21vs7
morning,

same here mate! bit lower...

Up I have atm 1,2921 my big fat mofo which can protect bears there. Still standing firm.
i am targeting 2780 first. where you targeting bro? maybe we can go higher. but i think we need a bounce here
looking for investors . pm me
  • #583,468
  • Jan 13, 2012 12:45am Jan 13, 2012 12:45am
Good morning all!

Already banked a few pips this morning, from 2840 to 2872, a great start after yesterdays miserable performance (was one of those caught shorting around the 1.27... made the good call of closing all with a loss on the us data dip... could have been so much worst!) Recovered a bit shorting from 2830 to 2790 and recovered the rest this morning.

Have a few longs already at 2860, 2865 and 2870 and waiting for another long entry at 2853. SL for all @ 2843 and TP @ 2893.

Green pips everyone!
  • #583,469
  • Jan 13, 2012 12:45am Jan 13, 2012 12:45am
Carefull going long here. Could shoot either way at this point.
  • #583,470
  • Jan 13, 2012 12:50am Jan 13, 2012 12:50am
Quoting viitrader
short till 2840 or till 2800 for reload up? any ideas?
yes. don't assume that it will drop then come back up. If this is just a correction which all the time it is under 1.307x you should assume it is, then we should sooner or later see a new low and therefore a move down could easily be an extended move leaving your reload for a long high and dry....

watch the PA, assume highest probability until that is proven wrong. I understand the longs from yesterday because PA indicated a deeper corrrection on the cards (see earlier post), but a big drop now could be the start of a new low.
  • #583,471
  • Jan 13, 2012 12:51am Jan 13, 2012 12:51am
Quoting kbmoonshinex
i am targeting 2780 first. where you targeting bro? maybe we can go higher. but i think we need a bounce here
heard some sellers are on 80 there so maybe we could have a temporary high around that level...all depends where price will be when Laandan sgonna hit the button.
If we gonna see profit taking we are up to 1,30 today. before I have 1,2921 as said. Just gonna be a snowball effect if we break with pawaaar. So Ill take my SL tight. Ill be carefull cus of all that!!

Hm, down I have 2833 which should be solved to get your number.

dax open in 10M
  • #583,472
  • Jan 13, 2012 12:55am Jan 13, 2012 12:55am
Quoting GSGill
Carefull going long here. Could shoot either way at this point.

noise. gill may be u require 2 chill pills today.
  • #583,473
  • Jan 13, 2012 12:55am Jan 13, 2012 12:55am
Quoting MaxDoom
morning peeps good to see some constructive trading conversation going

So as discussed yesterday (chart in attached post)

http://www.forexfactory.com/showthre...98#post5289198

the correction has deepened to the 50% 1.287x level and could yet go to 61.8% level 1.291x.

on a simple 5 wave projection this level appears to be the favoured, I have taken a small short, will add with confirmation and/or a deeper move to 1.291x
Attached Image (click to enlarge)
Click to Enlarge Name: p1.gif Size: 27 KB
  • #583,474
  • Jan 13, 2012 12:55am Jan 13, 2012 12:55am
Quoting mohan76
SNB made 13B last year (part from intervention )

all other CB lost on intervention SNB made money

you are unnecessarily posting unwanted irrelevant fundamental news posts, creating confusion among some traders here, stop doing it.

calender/news in forexfactory is far better than any schedule and it's sufficient to keep track on it.

you post any views on technical perspective not on fundamental
  • #583,475
  • Jan 13, 2012 12:58am Jan 13, 2012 12:58am
Quoting MaxDoom
yes. don't assume that it will drop then come back up. If this is just a correction which all the time it is under 1.307x you should assume it is, then we should sooner or later see a new low and therefore a move down could easily be an extended move leaving your reload for a long high and dry....

watch the PA, assume highest probability until that is proven wrong. I understand the longs from yesterday because PA indicated a deeper corrrection on the cards (see earlier post), but a big drop now could be the start of a new low.
I don't think bro 1.30 will come today but then again I was wrong yesterday as well . got out with small profits. u think the shorts pending @1.2880 are strong enough to pull it down?
  • #583,476
  • Jan 13, 2012 1:00am Jan 13, 2012 1:00am
Quoting robert7
you are unnecessarily posting unwanted irrelevant fundamental news posts, creating confusion among some traders here, stop doing it.

calender/news in forexfactory is far better than any schedule and it's sufficient to keep track on it.

you post any views on technical perspective not on fundamental
I agree. Mohan from where did SNB come?

donno go into the same league as Incredible and Gill who needs a chill pill
  • #583,477
  • Jan 13, 2012 1:03am Jan 13, 2012 1:03am
Quoting Nachiket
I don't think bro 1.30 will come today but then again I was wrong yesterday as well . got out with small profits. u think the shorts pending @1.2880 are strong enough to pull it down?
I have no idea what will happen as my crystal ball is bust at the mo

BUT I trade only higher probability trades, and until 1.307x is taken out to confirm a new high is on the way I will continue to assume this is a correction. Which works out many more time out of 10 than assuming every correction is a new trend.

If fundi data is significantly against the techincal assumption I will stand aside and wait for clarity (that means I go trade oil normally)
  • #583,478
  • Jan 13, 2012 1:07am Jan 13, 2012 1:07am
today's levels to watch
Attached Image (click to enlarge)
Click to Enlarge Name: here2.gif Size: 12 KB
looking for investors . pm me
  • #583,479
  • Jan 13, 2012 1:07am Jan 13, 2012 1:07am
Quoting MaxDoom
I have no idea what will happen as my crystal ball is bust at the mo

BUT I trade only higher probability trades, and until 1.307x is taken out to confirm a new high is on the way I will continue to assume this is a correction. Which works out many more time out of 10 than assuming every correction is a new trend.

If fundi data is significantly against the techincal assumption I will stand aside and wait for clarity (that means I go trade oil normally)
are u long at the moment then?
  • #583,480
  • Jan 13, 2012 1:09am Jan 13, 2012 1:09am
Change of plans will exit 3/4 of 2874 @2855 SL still at BE trailing with 25
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