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  • #604,161
  • Mar 5, 2012 7:23pm Mar 5, 2012 7:23pm
Quoting mohan76
at London close (nz 5 am) bull was very strong long 4h bar , 2 x nice 1h rejection , hourly close above 30 but it couldn't broke 36


reg aussy - RBA rate decision in 2:12h

yes 36 agree add 2 more pip for slip lol I enter short ladies, type post and aussie already 25 pip green, how often that is happen, very nice start to day

aussie and kiwi just been roll roll down, been nice steady, posted advice last week for learners they better to start trade, EU is very manipulated, mixed signals etc, I am trade her but hardly watch her prefer watch 2 above and swissy
If you are new to Forex? Say Goodbye to your account!!
  • #604,162
  • Mar 5, 2012 7:24pm Mar 5, 2012 7:24pm
Quoting KillerWhale
Don't think my friend, just follow rules.
And like Mohan said, it is hardly worth trading. Maybe you entry was good for 10 pips? Asian sucks anyway.
watch your racial remarks, there's plenty of Asians here.
  • #604,163
  • Mar 5, 2012 7:24pm Mar 5, 2012 7:24pm
Quoting mohan76
good morning ( 15 mins to noon )
so euro could not broke 36 last night , Tokyo also giving mess up signal
3236 is the key resistant
Hah! I was waiting for your interpretation of Tokyo signal

Anyway, you confirmed my view of 3236 and... Good to read you
  • #604,164
  • Mar 5, 2012 7:25pm Mar 5, 2012 7:25pm
You got that right. I remember the days when the Asian session was good for at least two good trades before DAX/London open.

Now, I look at my chart and it seams price is frozen or not moving at all, or moving in very tight ranges, or slowly grinding higher or lower. I like the more liquid, higher volumes, and faster pa times. Anyway, many times when DAX/London or NY start they may still give me a good entry which was when Asia started. To me Asia session is more like a setup for later.

Cheers


Quoting happytrader
yea, i'm really beginning to hate the asian session. now i'm looking to get out ... at BE...
  • #604,165
  • Mar 5, 2012 7:25pm Mar 5, 2012 7:25pm
Quoting KiwiTrada
yes 36 agree add 2 more pip for slip lol I enter short ladies, type post and aussie already 25 pip green, how often that is happen, very nice start to day

aussie and kiwi just been roll roll down, been nice steady, posted advice last week for learners they better to start trade, EU is very manipulated, mixed signals etc, I am trade her but hardly watch her prefer watch 2 above and swissy
PM gilard on wire

edit :as usual blah blah
Mohan
  • #604,166
  • Mar 5, 2012 7:27pm Mar 5, 2012 7:27pm
Asian session is so boring, imo. I've definitely lost more money in this session then the rest combined.
  • #604,167
  • Mar 5, 2012 7:28pm Mar 5, 2012 7:28pm
Quoting mohan76
good morning ( 15 mins to noon )
so euro could not broke 36 last night , Tokyo also giving mess up signal
3236 is the key resistant
but not closed above, waiting for that to prove it has some strength to go up
quite an interesting price point, break may show us 3500,reversal will cause 3100
  • #604,168
  • Mar 5, 2012 7:30pm Mar 5, 2012 7:30pm
Quoting harora
but not closed above, waiting for that to prove it has some strength to go up
quite an interesting price point, break may show us 3500,reversal will cause 3100
3500 far a away (i need high power telescope ) , i am eyeing on 3280/90 but breaking of 36 need more energy
Mohan
  • #604,169
  • Mar 5, 2012 7:33pm Mar 5, 2012 7:33pm
Quoting mohan76
PM gilard on wire

edit :as usual blah blah

yes yes but aussie govt is in a mess, deposed pm is about to depose the deposer LOL

kiwi 30 green wohoo nice start even geppy looking to follow, aussie kiwi very sensitive to yen and vice versa I hope she keep blabber blabber mouth

I have big dilema now tho I squeezed stops ready bounce last nigh this plop has dragged my trails bit too low, will bbl need to readjust trails, incase is fake bbl
If you are new to Forex? Say Goodbye to your account!!
  • #604,170
  • Mar 5, 2012 7:34pm Mar 5, 2012 7:34pm
Quoting Rokz
Errr, it was bad due to aiming for a tight stoploss trying to maximize risk reward. But, the trade was taken fairly high above a known support location with the stoploss ALSO above the support location. Pretty much asking for a stopout.
Understandably so, but what I don't get is how are you so sure of if it will hold by that support. If everything can be calculated then there would be robots trading for us, instead of experience and gut feelings. Going into a trade at the wrong time I can relate, but as the market is not moving either way right now, I see no support or resistance in sight. I will take your insightful logic to consideration through my future trades though, thank you for explaining.
  • #604,171
  • Mar 5, 2012 7:37pm Mar 5, 2012 7:37pm
On just about all time frames it seems like price always wants to return to 1.3200 at some point. No matter where it goes, it looks like that's its true value.
  • #604,172
  • Mar 5, 2012 7:39pm Mar 5, 2012 7:39pm
Quoting Agent-Pipen
watch your racial remarks, there's plenty of Asians here.
I have nothing against the people from Asia, but trading the Asian trading session sucks. Better worded now?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #604,173
  • Mar 5, 2012 7:39pm Mar 5, 2012 7:39pm
Quoting Agent-Pipen
Understandably so, but what I don't get is how are you so sure of if it will hold by that support. If everything can be calculated then there would be robots trading for us, instead of experience and gut feelings. Going into a trade at the wrong time I can relate, but as the market is not moving either way right now, I see no support or resistance in sight. I will take your insightful logic to consideration through my future trades though, thank you for explaining.
Umm not sure if you plotted a horizontal line there or not. But it is clearly a sign of market reaction around that level. Oh and believe it or not there are robots that trade for people and they are successful but nothing that's ever going to be commercial.

Trading is about an edge not being 100% correct. Support and Resistance can be a major edge if you get the hang of it.

That area has proved both support and resistance, if you are unable to see that then I will cross my fingers for you in the future. (If that's what you believe in)

EDIT:
Feb 20th, Feb 22nd, March 2nd and March 6th are the latest dates that have used this level.
  • #604,174
  • Mar 5, 2012 7:40pm Mar 5, 2012 7:40pm
Quoting mohan76
breaking of 36 need more energy
Man, I must be reading your mind (or being a good pupil(!)). I said just that before you came in
  • #604,175
  • Mar 5, 2012 7:43pm Mar 5, 2012 7:43pm
Anyhoo, nothing seems to be happening now, going for another break
  • #604,176
  • Mar 5, 2012 7:47pm Mar 5, 2012 7:47pm
Quoting Agent-Pipen
watch your racial remarks, there's plenty of Asians here.
i am from asia and happytrader also from Asia ,

in this board Word Asian , European , US used for session time, not in racial manner
Mohan
  • #604,177
  • Mar 5, 2012 7:49pm Mar 5, 2012 7:49pm
Quoting Alec
Man, I must be reading your mind (or being a good pupil(!)). I said just that before you came in
either we both reading our chart correctly or both making same stupid mistake
Mohan
  • #604,178
  • Mar 5, 2012 7:51pm Mar 5, 2012 7:51pm
Quoting ForexRyan
Asian session is so boring, imo. I've definitely lost more money in this session then the rest combined.
yep me too - I often close positions during asian market and re-open in better areas during london and new york - even though Im here in Asia..

oh and lets not get defensive on comments on asian markets - its clear its the market we're talking about, not the people!

spread
"Millionaires don't use astrology, billionaires do"
  • #604,179
  • Mar 5, 2012 7:53pm Mar 5, 2012 7:53pm
Geppy has hit treble supports, but seller look hungry, is normal to buy treble supports and definitely not sell, but I think this one time to sit on sidelines, if it break is over 80 pip on offer for me, very high risk, lowsy rr, but I have trigger primed

aussie and kiwi have fresh air below, today is a nice day me
If you are new to Forex? Say Goodbye to your account!!
  • #604,180
  • Mar 5, 2012 7:56pm Mar 5, 2012 7:56pm
Quoting KiwiTrada
Geppy has hit treble supports, but seller look hungry, is normal to buy treble supports and definitely not sell, but I think this one time to sit on sidelines, if it break is over 80 pip on offer for me, very high risk, lowsy rr, but I have trigger primed

aussie and kiwi have fresh air below, today is a nice day me
i just checked aussy 4h chart nice bear , if you want bull let me know i will take a short , bull will jump out and hit my sl (aussy short success rate less than 20% )

edit : ff should add some network games , it will be useful during slow market
Mohan
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