- #48,382
- Jul 2, 2012 4:49pm Jul 2, 2012 4:49pm
- | Membership Revoked | Joined Jan 2011 | 31,935 Posts
daddybearforex. com
- #48,387
- Jul 2, 2012 7:03pm Jul 2, 2012 7:03pm
- Joined Mar 2007 | Status: Symbol | 2,788 Posts
I've just gone short a/u, and been short a while on a/j. We can't stay in this range forever.
FF journal: Peaks and Troffs
- #48,389
- Jul 2, 2012 7:15pm Jul 2, 2012 7:15pm
- | Membership Revoked | Joined Jan 2011 | 31,935 Posts
daddybearforex. com
any data or rumor on the AUD, good for EURO side. AUD goes up so easily. Any bad data or rumor on the AUD, it takes a whole lot of bad news to bring down the AUD. It moves with so much difficulty. maybe a lot of central banks are supporting the Europe trying to keep it up, in turns is affecting some of the other currency. US dollar as a safe haven... it doesn't seem to be valid since 2008... people seem to find other things as safe haven. maybe some find gold, some even are investing in paintings. 
dollar is still abundance and still has value but it's not as trustworthy when US itself is in a recession.
On AUD/USD it should go down a least a bit, but it doesn't seem to budge at all. maybe after RBA annoucement it'll move. o_O last month... before june's RBA annoucement... they were expecting a rate cut... it went up and up and up. now they are not expecting a cut it's went up as well, maybe went up too fast that now it's stalled. friday 200+ pips upwards. dang!
I would make the assumption that if AUD continues give it a rate cut. it might go back to 1.015.
if it cuts beyond expecation 1.0000?
if it doesn't.... er... upwards?
No news on europe... except unemployment is rising 11.1%... i think that should be an good signal to sell it, but didn't seem to do much. still 1.25+ eh...
dollar is still abundance and still has value but it's not as trustworthy when US itself is in a recession.On AUD/USD it should go down a least a bit, but it doesn't seem to budge at all. maybe after RBA annoucement it'll move. o_O last month... before june's RBA annoucement... they were expecting a rate cut... it went up and up and up. now they are not expecting a cut it's went up as well, maybe went up too fast that now it's stalled. friday 200+ pips upwards. dang!
I would make the assumption that if AUD continues give it a rate cut. it might go back to 1.015.
if it cuts beyond expecation 1.0000?
if it doesn't.... er... upwards?
No news on europe... except unemployment is rising 11.1%... i think that should be an good signal to sell it, but didn't seem to do much. still 1.25+ eh...
Scalpers are enjoying this pair im sure.
between 1.0275 and 1.02300. but i was selling at 1.026000 and buying at 1.02300.
1.0216 seems to be holding it all together...a break of that support and we could see a nice fall to 1.0190 then 1.0126 based on 1 hour chart
I would say it's unlikely but what do i know. been many times wrong before. with a cut in interest rates... 1.0126 would be more likely.I don't like the one hour chart... it's actually saying it's going to shoot upwards. MACD becoming weak, RSI saying it'll probably go up. eh. the 1H chart is saying up. not sure if that's how you are reading it
- #48,395
- Jul 2, 2012 7:37pm Jul 2, 2012 7:37pm
- | Membership Revoked | Joined Jan 2011 | 31,935 Posts
any data or rumor on the AUD, good for EURO side. AUD goes up so easily. Any bad data or rumor on the AUD, it takes a whole lot of bad news to bring down the AUD. It moves with so much difficulty. maybe a lot of central banks are supporting the Europe trying to keep it up, in turns is affecting some of the other currency. US dollar as a safe haven... it doesn't seem to be valid since 2008... people seem to find other things as safe haven. maybe some find gold, some even are investing in paintings.
daddybearforex. com
- #48,396
- Jul 2, 2012 7:38pm Jul 2, 2012 7:38pm
Yeah I wasn't aggressively scalping it, but yeah because of the slow movement. The range was around
between 1.0275 and 1.02300. but i was selling at 1.026000 and buying at 1.02300.
Also you have two consecutive shooting stars in the 4H, but instead of dropping down, it decided to range
Edit: Also currently using Murrey Math lines, its currently at the ultimate resistance level (8/8). So a couple of arguments to be a bear for me.
"Trading: the hardest easy money you're going to earn." -Mark Douglas.
Im selling since 1.02649. Had a previous short before london open and I dont know what the heck happened while I was asleep since it took my 50 pip stop so I took that position before NY. Could've easly make at least 60 pips since the moment I took the trade, but hell I'm greedy and stubborn bad combination in trading.
Also you have two consecutive shooting stars in the 4H, but instead of dropping down, it decided to range