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  • #595,101
  • Feb 14, 2012 1:24pm Feb 14, 2012 1:24pm
1.31 is a biggie. Lots of battles being fought here (WL, EMA200, channels etc. etc.).

Stay watchful.
Quant Hedge Fund CEO
  • #595,102
  • Feb 14, 2012 1:24pm Feb 14, 2012 1:24pm
I knew it would hit the fib target, almost always does, I see it everyday, and the fibs almost never lie.
  • #595,103
  • Feb 14, 2012 1:25pm Feb 14, 2012 1:25pm
Quoting Getthepips
Retesting 3100 lets see if it will hold this time.
its broken!
  • #595,104
  • Feb 14, 2012 1:26pm Feb 14, 2012 1:26pm
the 61.8% fib target has been hit now I am exiting my trade since i have been in 940 am from 3170.

Thats how you make pips. PATIENCE.
  • #595,105
  • Feb 14, 2012 1:28pm Feb 14, 2012 1:28pm
I think we are going to see strong bearish action soon aud/usd confirming it broken the multiday channel
MMMYYYKKK
  • #595,106
  • Feb 14, 2012 1:29pm Feb 14, 2012 1:29pm
Quoting Getthepips
If you read my previous post you will see how I trade. I dont draw channels or look at 5 different charts. Thats way to much analysis. I keep it simple and trade moving average crosses and to fib levels and it works very well for me. Trying to evaluate 4 different level of timeframe charts is for the birds. I like to keep it simple and not to predict where the market is going to go but act on what its doing at the exact time.
Whatever works for you, dude...

However, based on my experience, TLs and co. + keeping overview of trends across all important TFs is far better than MA cross.

Btw, it has been proven many times that MA crosses donīt work, first of all you miss a very important part of the move before your MAs cross each other and secondly, you get killed in range, MA crosses work only in trending markets...

But then again, if you could turn it into profit, good for you and best of luck to keep them coming...

Btw keep the fibs, fibs are ok. Forget the shitty ones, keep 38.2, 50 (EU loves 50) and 61.8...
Quant Hedge Fund CEO
  • #595,107
  • Feb 14, 2012 1:33pm Feb 14, 2012 1:33pm
Quoting FXMastermind
Whatever works for you, dude...

However, based on my experience, TLs and co. + keeping overview of trends across all important TFs is far better than MA cross.

Btw, it has been proven many times that MA crosses donīt work, first of all you miss a very important part of the move before your MAs cross each other and secondly, you get killed in range, MA crosses work only in trending markets...

But then again, if you could turn it into profit, good for you and best of luck to keep them coming...

Btw keep the fibs, fibs are ok. Forget the...
It has nothing to do with luck, Your the one who called a bottom at 3107 not me. That is how you screw up trading trying to pick bottoms and tops, so i dont trade thats way i let the direction of the trend be identified first and then enter, but i can assure you that moving averages do work if you know how to use them correctly.
  • #595,108
  • Feb 14, 2012 1:34pm Feb 14, 2012 1:34pm
  •  ednei1
  • | Joined Nov 2011 | Status: Adjust the sails we will navigate | 61 Posts
Very good :-).

Quoting ednei1
Still waiting 1.3089, stop at 1.3130, if not come by the lack of volume, ok green pips for the day :-).
Attached Image (click to enlarge)
Click to Enlarge Name: target - 1.3089.gif Size: 18 KB
  • #595,109
  • Feb 14, 2012 1:37pm Feb 14, 2012 1:37pm
You know FX, you and me trade very differently I can tell, but what you don't realize is I am a trend trader of course MA want work in a ranging market what does. I dont trade unless I have a setup and thats not every day so when one comes and that about three times a week i trade heavy lots and I trade until the fibs are hit, and I bet my strategy against anyones because i have made a living trading for almost 5 years. So dont tell me that it don't work because I know it does.
  • #595,110
  • Feb 14, 2012 1:40pm Feb 14, 2012 1:40pm
What do you think...
Will it go below 1.3080 soon ?

Im Short @ 1.3110, dont know what to do. Close trade, or wait.

NB! Im kinda newbie too
  • #595,111
  • Feb 14, 2012 1:41pm Feb 14, 2012 1:41pm
I am not expecting 3080 (price action) to hold much longer 3050 may provide some support for the time being.
MMMYYYKKK
  • #595,112
  • Feb 14, 2012 1:42pm Feb 14, 2012 1:42pm
I would like to see a break below 1.3030 but thats too much for today.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #595,113
  • Feb 14, 2012 1:42pm Feb 14, 2012 1:42pm
Quoting FXMastermind
Whatever works for you, dude...

However, based on my experience, TLs and co. + keeping overview of trends across all important TFs is far better than MA cross.

Btw, it has been proven many times that MA crosses donīt work, first of all you miss a very important part of the move before your MAs cross each other and secondly, you get killed in range, MA crosses work only in trending markets...

But then again, if you could turn it into profit, good for you and best of luck to keep them coming...

Btw keep the fibs, fibs are ok....
Hey Fx mastermind,

what do you mean by trendline and company?
  • #595,114
  • Feb 14, 2012 1:44pm Feb 14, 2012 1:44pm
Quoting sidhujag
hail mr bear while we witness your great power! don't disappoint me now
not dissapointed
  • #595,115
  • Feb 14, 2012 1:44pm Feb 14, 2012 1:44pm
Quoting KillerWhale
I would like to see a break below 1.3030 but thats too much for today.
Cheers whale...

It would be a nice place to bounce though...
Quant Hedge Fund CEO
  • #595,116
  • Feb 14, 2012 1:45pm Feb 14, 2012 1:45pm
great dollar rally has officially begun for 2012
  • #595,117
  • Feb 14, 2012 1:57pm Feb 14, 2012 1:57pm
Quoting Gavin85
Hey Fx mastermind,

what do you mean by trendline and company?
- TLs, channels, SR levels, fibs...

Basically PA orientated tools...
Quant Hedge Fund CEO
  • #595,118
  • Feb 14, 2012 1:58pm Feb 14, 2012 1:58pm
Looking at the hourly, the last swing low was 1.3030. If it goes lower than that, I will become bearish. Until then I'm trying a long with a TP higher than the swing high of 1.3320.

PS: A 128%k stoch will let one see this also.
  • #595,119
  • Feb 14, 2012 2:02pm Feb 14, 2012 2:02pm
Order squaring on wallstreet giving us a little bounce.
You can remain irrational longer than you can remain solvent.
  • #595,120
  • Feb 14, 2012 2:14pm Feb 14, 2012 2:14pm
Nothing to add...

...boys are screwed.

http://www.ft.com/intl/cms/s/0/7cb53...#axzz1mOAsMmZI
Quant Hedge Fund CEO
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