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  • #4,841
  • Aug 8, 2012 9:17pm Aug 8, 2012 9:17pm
Quoting 5percent
depends where u are longing my friend. 1.0550-60 area today's low is fine, if u had long there. anything around 80/90 is not really a safe zone given it's asia + summer, no power if this thing meant to go up.

maybe frankfurt/london can help u get there. There are 2 more cny data to look out for before frankie opens.
BOJ much bigger of an event than the remaining CNY data imo
  • #4,842
  • Aug 8, 2012 9:18pm Aug 8, 2012 9:18pm
Quoting 5percent
depends where u are longing my friend. 1.0550-60 area today's low is fine, if u had long there. anything around 80/90 is not really a safe zone given it's asia + summer, no power if this thing meant to go up.

maybe frankfurt/london can help u get there. There are 2 more cny data to look out for before frankie opens.
jul 22 1.0340 to 1.0550 limit triggered aug 2
aug 7 1.0549 to 1.06 and other half still on
Wooooohooooo or Boooooohooooo
  • #4,843
  • Aug 8, 2012 9:19pm Aug 8, 2012 9:19pm
Quoting DaddyBear
Now, ??????
Finally, all bears left the theater?
  • #4,844
  • Aug 8, 2012 9:22pm Aug 8, 2012 9:22pm
Look at pending position in 1.06, when it was filled, down a little bit. But gonna rise soon
  • #4,845
  • Aug 8, 2012 9:22pm Aug 8, 2012 9:22pm
Attached Image
There are those who know, and there are those who don't know.
  • #4,846
  • Aug 8, 2012 9:24pm Aug 8, 2012 9:24pm
Quoting SugarTrade
BOJ much bigger of an event than the remaining CNY data imo
tbh, i have never cared about japan news in Forex. Not like they are going to change anything to rate. And in the finance world in my country, every trader knew that japan is a lame ass, always crying about their currency being too strong and wants to intervene, but mere words and nothing done, just trying to instil emotions to traders and make them do the work instead of them.

But jpy pairs have higher volatility, and i don't trade them as well, it's like a crazy horse sometime, pretty one directional. unless u trade aud/jpy, u may want to care about JP news.

In asia hours, i only care about CNY + AUD maybe sometimes nzd.
Europe is EUR/ECB
US is FED/US

We may see the rally later everything looks good for the bull at this moment.
  • #4,847
  • Aug 8, 2012 9:25pm Aug 8, 2012 9:25pm
I have a small short position 1.06 (wll tp ~1.055), 1.0636 seems the last stop on the way to greener pastures.

That said, people trying to pick the long term pivot on this pair w.r.t when it will nose dive again are going to have a bad time. Countertrend positions will get you burned.
  • #4,848
  • Aug 8, 2012 9:26pm Aug 8, 2012 9:26pm
Quoting gnomoneey
jul 22 1.0340 to 1.0550 limit triggered aug 2
aug 7 1.0549 to 1.06 and other half still on
u mean u have short trades under water now from 1.0340?

Careful with limits, limit can lose to trend, limit are meant for reversal.
  • #4,849
  • Aug 8, 2012 9:26pm Aug 8, 2012 9:26pm
Quoting salt
Finally, all bears left the theater?
To take the Bulls to the truck .......

http://www.forexfactory.com/attachme...1&d=1344467360
daddybearforex. com
  • #4,850
  • Aug 8, 2012 9:27pm Aug 8, 2012 9:27pm
Quoting samedi
I have a small short position 1.06 (wll tp ~1.055), 1.0636 seems the last stop on the way to greener pastures.

That said, people trying to pick the long term pivot on this pair w.r.t when it will nose dive again are going to have a bad time. Countertrend positions with get you burned.
Welcome samedi. Good entry for now.
daddybearforex. com
  • #4,851
  • Aug 8, 2012 9:30pm Aug 8, 2012 9:30pm
Quoting DaddyBear
To take the Bulls to the truck .......

http://www.forexfactory.com/attachme...1&d=1344467360
Haha love this funny
Great sense of humor
In trading, you have to be defensive and aggressive at the same time
  • #4,852
  • Aug 8, 2012 9:31pm Aug 8, 2012 9:31pm
Quoting 5percent
u mean u have short trades under water now from 1.0340?

Careful with limits, limit can lose to trend, limit are meant for reversal.
i took profit from 1.0340 to 1.0550... my tp limit triggered
Wooooohooooo or Boooooohooooo
  • #4,853
  • Aug 8, 2012 9:32pm Aug 8, 2012 9:32pm
Don't let this be you

Attached Image (click to enlarge)
Click to Enlarge Name: bull3_37410b.jpg Size: 46 KB
There are those who know, and there are those who don't know.
  • #4,854
  • Aug 8, 2012 9:33pm Aug 8, 2012 9:33pm
I'm short at 1.0595? I had a feeling price would jump up to 1.06 with the news.
Play the players, not the cards.
  • #4,855
  • Aug 8, 2012 9:33pm Aug 8, 2012 9:33pm
Quoting palabara
Don't let this be you

Attachment
Don't let this BULL be you?
daddybearforex. com
  • #4,856
  • Aug 8, 2012 9:35pm Aug 8, 2012 9:35pm
Quoting DaddyBear
Don't let this BULL be you?
I'll answer that with this..

Attached Image
There are those who know, and there are those who don't know.
  • #4,857
  • Aug 8, 2012 9:35pm Aug 8, 2012 9:35pm
Quoting DaddyBear
Don't let this BULL be you?
I see another Bull surge coming. IMHO
daddybearforex. com
  • #4,858
  • Aug 8, 2012 9:37pm Aug 8, 2012 9:37pm
Quoting DaddyBear
To take the Bulls to the truck .......

http://www.forexfactory.com/attachme...1&d=1344467360
I hope so. And now we have RBA Monetary Policy Statement tomorrow. Any expectation?
  • #4,859
  • Aug 8, 2012 9:37pm Aug 8, 2012 9:37pm
Quoting DaddyBear
I see another Bull surge coming. IMHO
its trying to push.. surprisingly people still buying, if it does breach 1.06 well you know it will go into 1.0630..

If it doesn't on the other hand.. depends how much strength, and who's holding the barrier..
There are those who know, and there are those who don't know.
  • #4,860
  • Aug 8, 2012 9:38pm Aug 8, 2012 9:38pm
For now just look out and wait for prey
http://www.world-wire.com/images/BEARS_PIC.jpg
In trading, you have to be defensive and aggressive at the same time
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