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  • #4,321
  • Aug 6, 2012 11:45pm Aug 6, 2012 11:45pm
Quoting payal
is it 1.0589 or 1.0559?? Price never went below 1.0570 during news.
1.05900
figure goes 57 that's quick pips before reload up
In trading, you have to be defensive and aggressive at the same time
  • #4,322
  • Aug 6, 2012 11:46pm Aug 6, 2012 11:46pm
Quoting KiNgEdwarD
is this was the high?moving down now?????
very hard to tell, but my calculations pointed should be still going up for this week
  • #4,323
  • Aug 6, 2012 11:47pm Aug 6, 2012 11:47pm
Quoting KiNgEdwarD
is this was the high?moving down now?????
very hard to decide now, but should be still going up to hit 1.0658 for this week
  • #4,324
  • Aug 6, 2012 11:48pm Aug 6, 2012 11:48pm
For those whom had shorted, its ok if you have small leverage so you an play till 300 pips drawdown.

For those whom had shorted using 1:50 leverage, your trade maybe margin called when hit -100 pips drawdown
  • #4,325
  • Aug 6, 2012 11:50pm Aug 6, 2012 11:50pm
well if we just go with the high low so far 1.0578 about center ...see what happens from there..pivot on the H4 is around 1.0566
  • #4,326
  • Aug 6, 2012 11:52pm Aug 6, 2012 11:52pm
closed my short +11pips
In trading, you have to be defensive and aggressive at the same time
  • #4,327
  • Aug 6, 2012 11:53pm Aug 6, 2012 11:53pm
Quoting Davit
closed my short +11pips
lucky
  • #4,328
  • Aug 6, 2012 11:55pm Aug 6, 2012 11:55pm
Hey Gator ..good to see ya here ..looking forward to your insights on the AUD....they'll be appreciated here in this thread..a lot of good people here....
  • #4,329
  • Aug 6, 2012 11:55pm Aug 6, 2012 11:55pm
Quoting leticus
From analyzing the viscosity of the price action, the game stage is going to built up again for thursday to come.

time for lunch.
Are you ......
Attached Image
daddybearforex. com
  • #4,330
  • Aug 6, 2012 11:55pm Aug 6, 2012 11:55pm
Quoting leticus
very hard to decide now, but should be still going up to hit 1.0658 for this week
who said this?
Sometimes it's better to be wrong,to learn..
  • #4,331
  • Aug 6, 2012 11:57pm Aug 6, 2012 11:57pm
Looks like this is a pump and dump ;(
Option barriers at 1.0600 taken out, so we might see it dip to the bids at 540 or 510 level.

Let's see how London/NY reacts.
  • #4,332
  • Aug 6, 2012 11:57pm Aug 6, 2012 11:57pm
Quoting KiNgEdwarD
who said this?
based on my calculation system
  • #4,333
  • Aug 6, 2012 11:58pm Aug 6, 2012 11:58pm
Quoting DaddyBear
Are you ......
Not kidding u, just a couple of views on my side
  • #4,334
  • Aug 6, 2012 11:59pm Aug 6, 2012 11:59pm
Quoting leticus
For those whom had shorted, its ok if you have small leverage so you an play till 300 pips drawdown.

For those whom had shorted using 1:50 leverage, your trade maybe margin called when hit -100 pips drawdown

Hey leticus ...how's it going bro... keeping my DD very low theses days....eventually I'd like to be able to handle 100DD...I'm getting better at my entry points ...still need a lot of work with pulling the trigger when I'm in the money...
  • #4,335
  • Aug 6, 2012 11:59pm Aug 6, 2012 11:59pm
Quoting KiNgEdwarD
who said this?
It would be super sell number
Would love that if it reaches that far.This pair could be reaching exhaustion point
In trading, you have to be defensive and aggressive at the same time
  • #4,336
  • Aug 7, 2012 12:03am Aug 7, 2012 12:03am
Quoting DaddyBear
Here you go!
thank you
Sometimes it's better to be wrong,to learn..
  • #4,337
  • Aug 7, 2012 12:06am Aug 7, 2012 12:06am
placed pending short at 1.060

I believe London spike will activate it.
In trading, you have to be defensive and aggressive at the same time
  • #4,338
  • Aug 7, 2012 12:06am Aug 7, 2012 12:06am
Quoting petehnm
Hey leticus ...how's it going bro... keeping my DD very low theses days....eventually I'd like to be able to handle 100DD...I'm getting better at my entry points ...still need a lot of work with pulling the trigger when I'm in the money...
100 pips drawdown is too little . the market knows how to spike "high" or "low" enough to cause you to reach -100pips DD . i will suggest to use lower leverage such as 1:10 or 1:20(250 pips dd).

How i know ? because i worked in broker firms , we DONT LIKE customers whom used very low leverage, we sometimes even pause their trading tickets, this is commercial secrets
  • #4,339
  • Aug 7, 2012 12:08am Aug 7, 2012 12:08am
Quoting Davit
placed pending short at 1.060

I believe London spike will activate it.

yes, but make sure you use low leverage and have 300 pips range of DD to play around. The trend will come down eventually but maybe at 1.0658
  • #4,340
  • Aug 7, 2012 12:09am Aug 7, 2012 12:09am
Quoting leticus
100 pips drawdown is too little . the market knows how to spike "high" or "low" enough to cause you to reach -100pips DD . i will suggest to use lower leverage such as 1:10 or 1:20(250 pips dd).

How i know ? because i worked in broker firms , we DONT LIKE customers whom used very low leverage, we sometimes even pause their trading tickets, this is commercial secrets
be careful don't be giving away to many of their secrets...lol
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