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AUD/USD

  • #49,361
  • Jul 12, 2012 9:07am Jul 12, 2012 9:07am
Quoting maximinus
Hope that some here enjoyed the break of H1 support. I did ;-)
been waiting this since friday last week

Attached Image (click to enlarge)
Click to Enlarge Name: 1111111.jpg Size: 127 KB
making money is easy in forex, losing money is even easier...
  • #49,362
  • Jul 12, 2012 9:09am Jul 12, 2012 9:09am
Quoting bguguen
Oh boy....
like i said M15 showing that we broke and closed below that Support we had for the past 4 hours... 1.0116/1.0109 the Blue and Green Horizontal Lines....
Get the lube ready...
if Bollinger widens on this move, shit will keep falling.... if Bollinger band doesn widen... then we might expect a reaction to stay above those Supports...
Attachment
Confirmed Close below 1.0109 my last support on my charts... this bitch is going down another leg wtf...
for thos anti-parity out there... start praying...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #49,363
  • Jul 12, 2012 9:14am Jul 12, 2012 9:14am
Quoting Jonh
Open long @1.0120 sl: 1.0100
SL and reverse.
short 1.0100 sl: 1.01230
  • #49,364
  • Jul 12, 2012 9:17am Jul 12, 2012 9:17am
should i open short???
  • #49,365
  • Jul 12, 2012 9:20am Jul 12, 2012 9:20am
Quoting Jonh
SL and reverse.
short 1.0100 sl: 1.01230
such moves get burns, worth trying.

I would put a sell stop and buy stop just before the day starts, though its not worth catching a bottom, neither is it worth looking for a bottom.

its not a high probability to down from 1.0100. if u telling me from trendline @ 1.0120 maybe u have higher chance.
  • #49,366
  • Jul 12, 2012 9:21am Jul 12, 2012 9:21am
Quoting Brocklesnar
should i open short???
at lows? you're just asking for an ass kick... my advise is if you cant get in the trade, then you've missed the train... wait for pull back to enter any position...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #49,367
  • Jul 12, 2012 9:22am Jul 12, 2012 9:22am
Exited short. I try a long scalp. some support in 10m.
Don't be smart. Be rich.
  • #49,368
  • Jul 12, 2012 9:23am Jul 12, 2012 9:23am
ye, if miss the ride from the top to bottom, catch next the one.

just like ytd's bottom to top, miss the bottom, no need to buy high anymore.

not worth.
  • #49,369
  • Jul 12, 2012 9:23am Jul 12, 2012 9:23am
Quoting Brocklesnar
should i open short???
Mate, if you have to ask, you should stay away.

Anyway, NO SHORT HERE (in my opinion). In fact, I'm considering longs...
Use me as a contrarian indicator
  • #49,370
  • Jul 12, 2012 9:25am Jul 12, 2012 9:25am
Quoting bguguen
at lows? you're just asking for an ass kick... my advise is if you cant get in the trade, then you've missed the train... wait for pull back to enter any position...

Thanks i m looking for for ur advice..i m new in this business
  • #49,371
  • Jul 12, 2012 9:27am Jul 12, 2012 9:27am
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #49,372
  • Jul 12, 2012 9:28am Jul 12, 2012 9:28am
I agree that it does look oversold but with the fundi events tomorrow I have a bearish picture and am holding my shorts. If we can clearly break 1.01 there is room down, but I wouldn't be surprised if a little retracement happens now.
  • #49,373
  • Edited 10:04am Jul 12, 2012 9:36am | Edited 10:04am
Quoting petehnm
no I meant 1.0164....put the buy order on a sell position from 1.0250 area..
petehnm, FYI, I saw the rope broke into two pieces in the sky.
daddybearforex. com
  • #49,374
  • Jul 12, 2012 9:41am Jul 12, 2012 9:41am
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #49,375
  • Jul 12, 2012 9:58am Jul 12, 2012 9:58am
What funding events tomorrow?

Quoting whyphi
I agree that it does look oversold but with the fundi events tomorrow I have a bearish picture and am holding my shorts. If we can clearly break 1.01 there is room down, but I wouldn't be surprised if a little retracement happens now.
  • #49,376
  • Jul 12, 2012 9:59am Jul 12, 2012 9:59am
Quoting BennyB
What funding events tomorrow?
go to forexfactory.com
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #49,377
  • Jul 12, 2012 10:01am Jul 12, 2012 10:01am
For those looking to get on the short bus(the non special one) come join us at the close. We will make a stop in China before arriving at our destination of parity town
  • #49,378
  • Jul 12, 2012 10:09am Jul 12, 2012 10:09am
NOT YET?
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #49,379
  • Jul 12, 2012 10:24am Jul 12, 2012 10:24am
Quoting DaddyBear
petehnm, FYI, I saw the rope broke into two pieces in the sky.
hey papa what's up....I love to here that...ready for the swing up....for some reason I feel like the Chinese are gonna cook the books for gdp....but as you know feelings don't mean squat in Forex...good luck to you sir...I'm in a long and sticking to it...at least till I'm ready for a short...lol
  • #49,380
  • Jul 12, 2012 10:29am Jul 12, 2012 10:29am
Feel more comfortable with my scalp. will exit at 8030/40.
Don't be smart. Be rich.
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