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  • #2,481
  • Jul 31, 2012 8:22pm Jul 31, 2012 8:22pm
Don What do you prefer EUR/AUD shorts or AUD/USD longs?
  • #2,482
  • Jul 31, 2012 8:25pm Jul 31, 2012 8:25pm
This is Asia, normally things move much slower and range would be tighter.
  • #2,483
  • Jul 31, 2012 8:25pm Jul 31, 2012 8:25pm
Quoting DonL
A typical pattern would be to find it's support level then go back and retest that support level before heading in the direction it's going to go.
Yeah, BUT.. you are a market where everyone is frigidity and grab profits as quickly as they see them. Which causes an unload in order to unload your "sell" someone has to "buy".. which causes the market to slow down.. and then reverse up.. causing a whipsaw.. and then as that happens.. buy orders (which cause) support start piling up. Eventually, more buys are being done.. who ever didn't cut their position earlier.. starts cutting it which causes it to go back up even more..

Its a trading psychology.
There are those who know, and there are those who don't know.
  • #2,484
  • Jul 31, 2012 8:25pm Jul 31, 2012 8:25pm
range look tight for know..im still wait..another PO sell 1.0498 with sl 1.0510 tp 1.0450 and buy stop 1.0510 sl 10470 tp 1.0550

see you guys
  • #2,485
  • Jul 31, 2012 8:26pm Jul 31, 2012 8:26pm
Re Chinese PMI, interesting to note the AUD started sliding 5 minutes before the announcement.

Journalists are given the numbers 15 minutes prior to release, but some Chinese journalists flout the embargo. Worth remembering next time there's a major dataset to be announced. Watch Chinese news and websites to get the first indication.
  • #2,486
  • Jul 31, 2012 8:26pm Jul 31, 2012 8:26pm
I don't know where you guys see a support here. I do believe that up trend is not finished yet, but it looks to me 1.0450 and maybe even lower can be hit today. IMHO
  • #2,487
  • Jul 31, 2012 8:26pm Jul 31, 2012 8:26pm
Quoting aqeelaputra
range look tight for know..im still wait..another PO sell 1.0498 with sl 1.0510 tp 1.0450 and buy stop 1.0510 sl 10470 tp 1.0550

see you guys
That's a good plan! cover both ends.
There are those who know, and there are those who don't know.
  • #2,488
  • Jul 31, 2012 8:27pm Jul 31, 2012 8:27pm
Quoting pauladkinsau
Re Chinese PMI, interesting to note the AUD started sliding 5 minutes before the announcement.

Journalists are given the numbers 15 minutes prior to release, but some Chinese journalists flout the embargo. Worth remembering next time there's a major dataset to be announced. Watch Chinese news and websites to get the first indication.
Can they be translated or are they only in Chinese?
  • #2,489
  • Jul 31, 2012 8:27pm Jul 31, 2012 8:27pm
Quoting pauladkinsau
Re Chinese PMI, interesting to note the AUD started sliding 5 minutes before the announcement.

Journalists are given the numbers 15 minutes prior to release, but some Chinese journalists flout the embargo. Worth remembering next time there's a major dataset to be announced. Watch Chinese news and websites to get the first indication.
that's a fair observation.
There are those who know, and there are those who don't know.
  • #2,490
  • Jul 31, 2012 8:32pm Jul 31, 2012 8:32pm
Quoting pauladkinsau
Re Chinese PMI, interesting to note the AUD started sliding 5 minutes before the announcement.

Journalists are given the numbers 15 minutes prior to release, but some Chinese journalists flout the embargo. Worth remembering next time there's a major dataset to be announced. Watch Chinese news and websites to get the first indication.
which websites you recommend then
  • #2,491
  • Jul 31, 2012 8:33pm Jul 31, 2012 8:33pm
Quoting NYForexer
I don't know where you guys see a support here. I do believe that up trend is not finished yet, but it looks to me 1.0450 and maybe even lower can be hit today. IMHO
At the moment I'm watching price action at the 78.6 Fib. If the PA shows me something different, I'm happy to see it.

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  • #2,492
  • Jul 31, 2012 8:36pm Jul 31, 2012 8:36pm
http://img41.imageshack.us/img41/2087/ayupinbar.png

i'm selling now as looks at daily have pinbar...TAYOR
  • #2,493
  • Jul 31, 2012 8:36pm Jul 31, 2012 8:36pm
http://en.wikipedia.org/wiki/Darwin,_Northern_Territory lol HPI gains come from this tiny city.
  • #2,494
  • Jul 31, 2012 8:43pm Jul 31, 2012 8:43pm
Quoting rapidfx
http://img41.imageshack.us/img41/2087/ayupinbar.png

i'm selling now as looks at daily have pinbar...TAYOR

been looking at the charts to find out why everyone is in such a bullish mood today....cant find much, I was considering going to see a eye specialist, till you popped up, hehe
  • #2,495
  • Jul 31, 2012 8:47pm Jul 31, 2012 8:47pm
Quoting iNSIELD
Don What do you prefer EUR/AUD shorts or AUD/USD longs?
Hello iNSIELD,

I usually concentrate on the AUD/USD just because my brain can only absorb so much at one time and don't have a preference for long or short but have a tendency to trade pairs with the lowest trading costs. I am a day trader and seldom hold week to week, so swap rates don't factor into my plan.

While the EUR/AUD is currently on a bounce off the bearish trend line, a short on it would only be warranted at the next PA indication. Which could be at the around the 150% Fib
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  • #2,496
  • Jul 31, 2012 8:48pm Jul 31, 2012 8:48pm
Quoting palabara
I think so.. once support is realized.. everyone will dump their shorts which will cause the elevator to move back up again.
palabara, which elevator are you in? Some bears in my elevator wanted to go to the basement parking first. I had no choice. But, the elevator is moving up without those bears now.
daddybearforex. com
  • #2,497
  • Jul 31, 2012 8:57pm Jul 31, 2012 8:57pm
My 4 hour chart if anyone is interested.

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  • #2,498
  • Jul 31, 2012 9:09pm Jul 31, 2012 9:09pm
Is anybody long here?
Is anybody short here?
daddybearforex. com
  • #2,499
  • Jul 31, 2012 9:12pm Jul 31, 2012 9:12pm
Quoting DaddyBear
Is anybody long here?
Is anybody short here?
I'm short Papa
  • #2,500
  • Jul 31, 2012 9:13pm Jul 31, 2012 9:13pm
Quoting irfandbl
I'm short Papa
I am long.
daddybearforex. com
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