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  • #41,721
  • Mar 12, 2012 6:53am Mar 12, 2012 6:53am
Quoting Zac
Yeah I dont buy that from Bernanke though. If inflation gets over 4% he will have to take some action. Its not like he hasnt kept his word before.
Yeah I agree.

The Fed is just trying to milk their much depleted firepower as much as possible with words.


On the topic of this thread, had a peak below 1.05, we'll see how it reacts. I've had a short open dipping in and out of profit for a couple of hours with a sell stop in place in case it convincingly breaks 1.05.

Good luck to all. Back to accounting study. Ho hum.
  • #41,722
  • Mar 12, 2012 6:58am Mar 12, 2012 6:58am
i am going long @ 1.0505
first target
1.065
followed by 1.072
  • #41,723
  • Mar 12, 2012 7:27am Mar 12, 2012 7:27am
Quoting Nif90
i am going long @ 1.0505
first target
1.065
followed by 1.072
where is your stop then
If there was easy money lying around,no one would be forcing it into your
  • #41,724
  • Mar 12, 2012 7:31am Mar 12, 2012 7:31am
I don't know why people make posts PURELY to state their intention.

It just seems to create this mob who each follow each other with no one having any idea why.


I'm always interested in seeing analysis and hearing different views but if you just say 'I'm going long, targeting x and y' it doesn't really contribute much.
  • #41,725
  • Mar 12, 2012 7:31am Mar 12, 2012 7:31am
1.05 consider broken? anyone optimistic enough to think of a retracement back towards 1.0590?
  • #41,726
  • Mar 12, 2012 7:32am Mar 12, 2012 7:32am
down we go till 1,0370 at least why would you guys go long right now?
swing it!
  • #41,727
  • Mar 12, 2012 7:35am Mar 12, 2012 7:35am
Well my sell stop got hit while I was away so I'm in for a 2nd position. I'd like to see the hourly close near it's low for a solid rejection of the 1.05-1.051 level and then hopefully some more weakness into the FOMC.
  • #41,728
  • Mar 12, 2012 7:39am Mar 12, 2012 7:39am
Quoting tomspin
down we go till 1,0370 at least why would you guys go long right now?
price won't go in a straight line down? there will always be traders chasing extensions and retracements?
  • #41,729
  • Mar 12, 2012 7:42am Mar 12, 2012 7:42am
Quoting MrB1g
I don't know why people make posts PURELY to state their intention.

It just seems to create this mob who each follow each other with no one having any idea why.


I'm always interested in seeing analysis and hearing different views but if you just say 'I'm going long, targeting x and y' it doesn't really contribute much.
refer to the chart,this is just the beginning downtrend I think
http://www.forexfactory.com/showthre...5260&page=2781
If there was easy money lying around,no one would be forcing it into your
  • #41,730
  • Mar 12, 2012 7:42am Mar 12, 2012 7:42am
Quoting cheater
price won't go in a straight line down? there will always be traders chasing extensions and retracements?
Of course, although everyone is trading on different TF's so it's something of a pointless discussion to get into.

I wouldn't be looking at longs after a decisive break of 1.05 and the previous swing low point but it's a pretty strange day building up to FOMC so who knows!


Trade your trade.
  • #41,731
  • Mar 12, 2012 7:43am Mar 12, 2012 7:43am
Quoting FXMindset
refer to the chart,this is just the beginning downtrend I think
http://www.forexfactory.com/showthre...5260&page=2781
I didn't mean you in the slightest FXMindset and I'm sorry if that was the impression you got, I was referring more to Nif90. I've enjoyed your posts in multiple threads!

I'm looking at the same chart (I'd hope we all are, but everyone sees different things clearly!) I'll wait and see how price action plays out at the NY open before deciding if I should close out my shorts now and re open later or keep them looking for a 1.035-1.04 target.

Cheers.
  • #41,732
  • Mar 12, 2012 7:51am Mar 12, 2012 7:51am
Quoting MrB1g
I didn't mean you in the slightest FXMindset and I'm sorry if that was the impression you got, I was referring more to Nif90. I've enjoyed your posts in multiple threads!

I'm looking at the same chart (I'd hope we all are, but everyone sees different things clearly!) I'll wait and see how price action plays out at the NY open before deciding if I should close out my shorts now and re open later or keep them looking for a 1.035-1.04 target.

Cheers.
that post only helping you for the analysis and yes everyone see different things clearly as some eyes only trained for look the chart a few hours,some of them hundreds of hours,some of them thousand of hours and some of them ten thousands of hours..lolz
If there was easy money lying around,no one would be forcing it into your
  • #41,733
  • Mar 12, 2012 7:56am Mar 12, 2012 7:56am
Quoting FXMindset
that post only helping you for the analysis and yes everyone see different things clearly as some eyes only trained for look the chart a few hours,some of them hundreds of hours,some of them thousand of hours and some of them ten thousands of hours..lolz
Maybe people need to stop staring at the computer for so many hours and just check it at the close of the H, 4H or D for a few minutes!


Sometimes you can't see the simple stuff when you're looking for too long (certainly seems the case for some people here and in the EUR/USD thread!)
  • #41,734
  • Mar 12, 2012 7:58am Mar 12, 2012 7:58am
Quoting MrB1g
Maybe people need to stop staring at the computer for so many hours and just check it at the close of the H, 4H or D for a few minutes!


Sometimes you can't see the simple stuff when you're looking for too long (certainly seems the case for some people here and in the EUR/USD thread!)
life is simple but only human makes it too complicated
as the same for trading
If there was easy money lying around,no one would be forcing it into your
  • #41,735
  • Mar 12, 2012 8:11am Mar 12, 2012 8:11am
Quoting FXMindset
life is simple but only human makes it too complicated
as the same for trading
nice quote
  • #41,736
  • Mar 12, 2012 9:20am Mar 12, 2012 9:20am
Personally, I am seeing a downtrend for this ccy pair. First of all after attempting to break the 1.08 level and failing upon doing so, the fall is further triggered by the strengthening of USD index and some bad news coming from China.

Many are expecting a rate cut from the RBA in its next announcement and I am expecting a further fall till 1.03 level before looking at a rebound back towards 1.05 level probably? At the moment I feel staying aside for the week will be more suitable if you are lost in the market feel, anyway market is pretty directionless for the day.

My 1cts point of view. Cheers
  • #41,737
  • Mar 12, 2012 9:37am Mar 12, 2012 9:37am
Quoting zodiak
..long..1.0530..weekly up intact
i swear this thread has highest amount of suckers in all of ff
  • #41,738
  • Mar 12, 2012 9:44am Mar 12, 2012 9:44am
Quoting sidhujag
i swear this thread has highest amount of suckers in all of ff

..i agree...
  • #41,739
  • Mar 12, 2012 9:55am Mar 12, 2012 9:55am
I can't spot the sucker...
Patience is magic
  • #41,740
  • Mar 12, 2012 10:12am Mar 12, 2012 10:12am
Though AUD kept going lower and lower...EUR/USD did not follow suit, this makes me think that it AUD will soon bottom out, 1.0470 would be nice place to bottom out, as it is .38% of daily wave 3.

Here bulls should show up, take us to the highs around 1.0850 area....
If it move follows a ABC as mentioned in the graph, then once it reaches 1.0850 area it should fall again. If not we have to wait and see.

I am going long at 1.0470, TP - 1.0700 , Stop - 1.0400
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-4H-3-12.JPG Size: 54 KB
PPP - Patience Pays PIPS
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