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  • #1,161
  • Jul 25, 2012 3:35am Jul 25, 2012 3:35am
Quoting DaddyBear
I am up all night. I take my trades SERIOUSLY.
I thought we don't take our trades seriously Pap, we only draw and post cartoons remember?
  • #1,162
  • Jul 25, 2012 3:38am Jul 25, 2012 3:38am
Quoting Esssex
The whole reason why the EUR got stronger than the USD is plain demand/supply.

Europe is a huge exporter of goods and hence will have their transactions done in EUR. This causes an increase in demand for the EUR while the US has always been a consumption based economy so in order to pay the Europeans their EUR they have to sell away their USD and buy EUR thereby increasing the supply of USD, increasing demand of EUR.

Basic supply and demand. There's a reason why growing export orientated economies usually have aggressive monetary policies to halt...
Sure. Macroeconomical perspective. But it's only one side of the story.

US (moeny) printing presses, masively selling US$ to finance their consumption had a little to do with this also, or what do you think? US balance sheet kinnda shows this...

BR
  • #1,163
  • Jul 25, 2012 3:42am Jul 25, 2012 3:42am
This is what I would like to see over the next few hours, but it might just bounce off 1.03, before getting to the level I would like to attack 1.032, but if we get the divergence I am looking for then we should see a 80/120 pip move
Attached Image (click to enlarge)
Click to Enlarge Name: audusd h1 25 07 h1 divergence trade.jpg Size: 175 KB
Some people say I'm lucky, but the more I practice the luckier I get
  • #1,164
  • Jul 25, 2012 3:49am Jul 25, 2012 3:49am
Quoting tp0440
Sure. Macroeconomical perspective. But it's only one side of the story.

US (moeny) printing presses, masively selling US$ to finance their consumption had a little to do with this also, or what do you think? US balance sheet kinnda shows this...

BR
All covered by the graph of monetary supply/demand no?
  • #1,165
  • Jul 25, 2012 3:56am Jul 25, 2012 3:56am
Yes. But the point is in REASONS for excessive supply, demand.

One is economical (Europe exporting), the other is bullshit (printing dollars).

Actually, I need to correct this. Now everything is bullshit, as now everybody is forced to print money.

Which again leads to the point: I don't really care, what's the exchange rate as long as we can fairly safely predict the movement.

BR
  • #1,166
  • Jul 25, 2012 4:08am Jul 25, 2012 4:08am
Quoting DaddyBear
A time to short when it was 1.0239
A time to long when it was 1.0216
A time to short when it was 1.0264

At different time you take different trades.
You may have to open a demo account and learn how to trade first.

Now its 1.0264, lets short now.
  • #1,167
  • Jul 25, 2012 4:14am Jul 25, 2012 4:14am
Quoting tp0440
Yes. But the point is in REASONS for excessive supply, demand.

One is economical (Europe exporting), the other is bullshit (printing dollars).

Actually, I need to correct this. Now everything is bullshit, as now everybody is forced to print money.

Which again leads to the point: I don't really care, what's the exchange rate as long as we can fairly safely predict the movement.

BR
The market is never wrong. There is a reason for everything. Whether you want to classify certain things as manipulation (by whatever definition or interpretation you want) is irrelevant. The market is made up of ALL its participants. Each participant looks out for their best interest. If one has the power and means to drive price in a certain direction, then they are only making their contribution to the whole of the market. We could all debate the definition of manipulation, but again, that doesn't matter cause the market is never wrong.
  • #1,168
  • Jul 25, 2012 4:14am Jul 25, 2012 4:14am
Quoting leticus
Now its 1.0264, lets short now.
On the 1M chart it looks like a bullish flag but who knows its your call
Some people say I'm lucky, but the more I practice the luckier I get
  • #1,169
  • Jul 25, 2012 6:14am Jul 25, 2012 6:14am
Having missed an entry ealier this is my 1st trade today. My reason for entry here was so I can have just a 12 pip sl
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  • #1,170
  • Jul 25, 2012 6:16am Jul 25, 2012 6:16am
Quoting supertubes
Having missed an entry ealier this is my 1st trade today. My reason for entry here was so I can have just a 12 pip sl
SL hit -12 for the day.
  • #1,171
  • Jul 25, 2012 6:18am Jul 25, 2012 6:18am
I'm in short now...

Dane...
Attached Image (click to enlarge)
Click to Enlarge Name: audusd 30m.gif Size: 40 KB
  • #1,172
  • Jul 25, 2012 6:36am Jul 25, 2012 6:36am
Quoting supertubes
SL hit -12 for the day.
hey there buddy,

1.0310 - 1.0320 would be a good place to short in my opinion

potential target

1.0160
1.0123

p.s manage your own SL, breaching 1.0340 would invalidate the scenario
  • #1,173
  • Jul 25, 2012 6:40am Jul 25, 2012 6:40am
Quoting irfandbl
hey there buddy,

1.0310 - 1.0320 would be a good place to short in my opinion

potential target

1.0160
1.0123

p.s manage your own SL, breaching 1.0340 would invalidate the scenario
Morning bro Will look at the area around 1.0320 1.0330 PA and decide from there.

Thanks
  • #1,174
  • Jul 25, 2012 6:45am Jul 25, 2012 6:45am
Quoting aqeelaputra;
reload sell 1 .0290
sl 20
  • #1,175
  • Jul 25, 2012 6:51am Jul 25, 2012 6:51am
Im currently long from 1.0264 with sl now @ BE.

Not sure where to take profit, needs to break 1.0294, then 1.0300.
Possibly hold position until we reach yesterdays high of 1.0315 before re-evaluating PA and possibly looking to open a short...
  • #1,176
  • Jul 25, 2012 6:55am Jul 25, 2012 6:55am
Quoting supertubes
Morning bro Will look at the area around 1.0320 1.0330 PA and decide from there.

Thanks
Evening bro

1.0320 - 1.0330 would be great

but I think the drop would be around 10pm EST just like the one we had 2 weeks ago, mind the negative swap
  • #1,177
  • Jul 25, 2012 6:56am Jul 25, 2012 6:56am
Quoting aqeelaputra
sl 20
pa kabar bro? have you closed the shorts you had right before the ramadhan?
  • #1,178
  • Jul 25, 2012 7:00am Jul 25, 2012 7:00am
short aud/nzd 1.3060 tp 1.3010 ...
we are retracing from high and going below daily pivot and then daily s1
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Wooooohooooo or Boooooohooooo
  • #1,179
  • Jul 25, 2012 7:40am Jul 25, 2012 7:40am
Quoting CNTrader
T1 attained banked 30 pips stops rolled to BE for the remainder of the train ride to T2 and T3. Everyone have a fantastic evening. Its been a pleasure giving you guys the playbook. I'll re-evaluate things in the morning. Take care all. Thanks Big DaddyBear for a great thread!!
Well folks its hard work making it look this easy but T2 attained. Nothing like going to sleep and waking up to 100 pips in DA Bank. Stops rolled on remaining to where the red line is on chart for a gaurantedeed 40 pips on remaining in case the Train falls off the next narrow bridge it comes up to.
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Don't follow me! You can and most likely will LOSE all your money!!!!
  • #1,180
  • Jul 25, 2012 8:18am Jul 25, 2012 8:18am
Good Morning everybody!

Hope everyone had nice trade so far. Looks like bulls are losing their steam at this level. FYI only.

There was a member took my word literally and applied to his trade accordingly 2 to 3 hours later. Ended up blew his account. This problem has been my major concern all the time. This is the reason why I prefer not to express my opinions explicitly most time. now, I have to resume my way from now on.
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