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AUD/USD

  • #44,321
  • May 11, 2012 12:47am May 11, 2012 12:47am
if this keeps going, we are likely to see 0.9980 soon . pending long from there.
this is my life
  • #44,322
  • May 11, 2012 12:49am May 11, 2012 12:49am
Quoting MitchL
Mind you .. this is where it gets hard for me.. +22 pips on 3 units I am still holding ..

a/ Hold it .. ? cause this baby should be at parity within the hour

b/ Take Profit .. ? Cause GOD knows what this market will do in an hour ?

I am holding cause really the first is correct .... BUT whenever I seem to make that choice option 'B' likes to kick in
its safer to move stop to be, before markets turn against u mitchl. I rather get stop at BE and re-enter at a better price.
this is my life
  • #44,323
  • May 11, 2012 12:54am May 11, 2012 12:54am
ok im a bear...rate cut, china slowdown, euro leech,

ok now im a bull....employment numbers....ummmmmmm......
  • #44,324
  • May 11, 2012 12:55am May 11, 2012 12:55am
Quoting equahrefgam
its safer to move stop to be, before markets turn against u mitchl. I rather get stop at BE and re-enter at a better price.

I traded for a couple of months with a goal to get my stop loss to my entry point as soon as I was in 10 points profit.. I ended up not taking enough profit out of it
  • #44,325
  • May 11, 2012 1:03am May 11, 2012 1:03am
Quoting Noobicle
ok im a bear...rate cut, china slowdown, euro leech,

ok now im a bull....employment numbers....ummmmmmm......

lol you stoned again noob
  • #44,326
  • May 11, 2012 1:05am May 11, 2012 1:05am
Quoting MitchL
lol you stoned again noob
yes i think i need some more medicine to put me back into my zone
  • #44,327
  • May 11, 2012 1:06am May 11, 2012 1:06am
lawl .. i watched it bounce off 1.0041 so many times finally took profit at it and not 3 seconds later BANG another 10 points

that's trading
  • #44,328
  • May 11, 2012 1:10am May 11, 2012 1:10am
Quoting MitchL
lawl .. i watched it bounce off 1.0041 so many times finally took profit at it and not 3 seconds later BANG another 10 points

that's trading
Asia's hours normally lack liquidity, so its best to take profit on 10-30 pips. The furthest i see is 50 pips. Better than aiming too far, when market turns around. I have my stops eaten too. So normally if i trade asian hours, i bank in pips from 3-15.
this is my life
  • #44,329
  • May 11, 2012 1:14am May 11, 2012 1:14am
Quoting MitchL
I traded for a couple of months with a goal to get my stop loss to my entry point as soon as I was in 10 points profit.. I ended up not taking enough profit out of it
I used to be a "get to B.E as soon as I can" sort of trader. IMHO, it doesn't work. I think of my stop as sort of putting my coin in the slot and seeing if it goes my way.The cost of doing business.
FF journal: Peaks and Troffs
  • #44,330
  • May 11, 2012 1:18am May 11, 2012 1:18am
what are the odds of seeing parity today? we're like just 20 odd pips away.
  • #44,331
  • May 11, 2012 1:20am May 11, 2012 1:20am
Quoting MiG123
what are the odds of seeing parity today? we're like just 20 odd pips away.
Higher than high....
FF journal: Peaks and Troffs
  • #44,332
  • May 11, 2012 1:37am May 11, 2012 1:37am
So this is it... fryday effect acting on parity...
  • #44,333
  • May 11, 2012 1:45am May 11, 2012 1:45am
Quoting MiG123
what are the odds of seeing parity today? we're like just 20 odd pips away.

Higher than Noobicle ..

I just took another 6 positions


3 @ 1.00247

3 @ 1.00277

with 10 point stops hoping this thing is going down

but to be honest i will probaly take break even on the 1.00247 one if it happens
  • #44,334
  • May 11, 2012 1:50am May 11, 2012 1:50am
Quoting MitchL
Higher than Noobicle ..

I just took another 6 positions


3 @ 1.00247

3 @ 1.00277

with 10 point stops hoping this thing is going down

but to be honest i will probaly take break even on the 1.00247 one if it happens
im not high mitch(yet) carefull with that short if u think its higher then me coz im not!
  • #44,335
  • May 11, 2012 1:52am May 11, 2012 1:52am
Quoting MitchL
Higher than Noobicle ..

I just took another 6 positions


3 @ 1.00247

3 @ 1.00277

with 10 point stops hoping this thing is going down

but to be honest i will probaly take break even on the 1.00247 one if it happens
sorroy but mitchl did u use boilinger bands? and moving average? its hard to down from there. not a good entry for short there. Because most TF already landed on Lower boilinger bands, and likely to bounce from there.

dont get burn.

in the full day, we are likely to see it down to 0.9980 but not now yet maybe
this is my life
  • #44,336
  • May 11, 2012 2:22am May 11, 2012 2:22am
Quoting MitchL
Higher than Noobicle ..

I just took another 6 positions


3 @ 1.00247

3 @ 1.00277

with 10 point stops hoping this thing is going down

but to be honest i will probaly take break even on the 1.00247 one if it happens
shorted another @ 1.0030

out of 1.00247 at break even

out of 1.0077 @ 4 pips (with 3 units was $120)
still got the 1.0030 x 3 and looking for another 3 short at 1.0030 again S/L @ 1.0040 if it gets picked up
  • #44,337
  • May 11, 2012 2:31am May 11, 2012 2:31am
Come on ya fecka, I want to finish trading for the week!Drop!
FF journal: Peaks and Troffs
  • #44,338
  • May 11, 2012 2:43am May 11, 2012 2:43am
Quoting bogus
Come on ya fecka, I want to finish trading for the week!Drop!
Not yet....
  • #44,339
  • May 11, 2012 2:48am May 11, 2012 2:48am
Quoting Daytrader74
Not yet....
Please stand by......
  • #44,340
  • May 11, 2012 2:49am May 11, 2012 2:49am
Quoting sidhujag
Not yet.. gotta wait until NY
what I told you! we have below 1.0020 before NYC session.
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