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  • #4,981
  • Aug 9, 2012 2:14am Aug 9, 2012 2:14am
Quoting Robot Trader
News is really just noise when trading the larger TF's, I posted a chart a few days back showing Daily divergence, the divergence started building from 1.02 level and you can check any chart and any currency pair and you will see that price always returns to the level the divergence started, so from my view point the PA may move higher to 1.07/8/9, but when the move starts it will come back down to at least 1.02, how long it will take who knows and why should we really care, just trade the pair with negative leverage and build on your position....
Ah, thanks for this information! I will definitely note it down in my charts! Seems like its gonna be a huge drop!
A 1 pip gain is better than a 1 pip loss.
  • #4,982
  • Aug 9, 2012 2:18am Aug 9, 2012 2:18am
Quoting 5percent
one of the easiest and safest way to trade is to trade from level of pricing. Level of pricing is the interested level of bids and offers, it's generally safe and it's easy to lock a BE trade after 1-3 hours, even if not your stop loss will be harder to be hit compared to those middle range of shorts and long.

For example, given today's data, retailers will feel that its time for long price went to 1.0610, but they already missed the boat, then they long from 1.0590 which is not a safe zone as well, this area of long is pretty danger...
Goodness, what a long post! I did the impossible and finished reading it though!

I actually am trying my own method of trading but I still do pay attention to the order board. I try my best not to follow what others are doing because a friend of mine once told me to go long here, go short there, but ended up cancelling early because he realised the signal changed. So I'm just gonna do it my own way now.

Yes definitely, I am expecting a reversal too. But the problem is no one knows when it will come.

I am actually rather curious on how EAs work. Kinda feel like making one myself but its risky seeing as its not 100% profit.
A 1 pip gain is better than a 1 pip loss.
  • #4,983
  • Aug 9, 2012 2:25am Aug 9, 2012 2:25am
Quoting aeternum
Yeah, I'm trying to swap between charts to catch long term trends or fib levels and apply them to my scalping. Hope it works! I may try a small lot of long term trade in the future when I'm better at this!

Oh Singapore is fine. It's actually our nation's birthday today but market still has to do its business! Much better than the May - June period, definitely. What about you? Where are you from?
So there's no Bank Holiday during your nation's birthday?
I'm your neighbor who has been sending you haze recently, sorry for that
  • #4,984
  • Aug 9, 2012 2:26am Aug 9, 2012 2:26am
pending sell order @ 0595...good luck to me
Sometimes it's better to be wrong,to learn..
  • #4,985
  • Aug 9, 2012 2:30am Aug 9, 2012 2:30am
Quoting FX-Pro
Bulls Sign.... or may be a entrancement...
As expected... Good to see this.
Attached Image
  • #4,986
  • Aug 9, 2012 2:31am Aug 9, 2012 2:31am
Quoting irfandbl
So there's no Bank Holiday during your nation's birthday?
I'm your neighbor who has been sending you haze recently, sorry for that
I don't think our banks ever take holidays. :/

Ah. Its fine. I'm not really getting affected by haze since I'm home majority of the time.
A 1 pip gain is better than a 1 pip loss.
  • #4,987
  • Aug 9, 2012 2:36am Aug 9, 2012 2:36am
Quoting KiNgEdwarD
pending sell order @ 0595...good luck to me
Good morning... What made you want to short at 10595....
  • #4,988
  • Aug 9, 2012 2:39am Aug 9, 2012 2:39am
I may be here for some more time......
Attached Image
  • #4,989
  • Aug 9, 2012 2:44am Aug 9, 2012 2:44am
Quoting supertubes
Good morning... What made you want to short at 10595....
good after noon ,watch out US Dollar index,its rising,on contrary ,au falling..other than that 1.06 support had been checked out for several time,didn't broke even one time...
Sometimes it's better to be wrong,to learn..
  • #4,990
  • Aug 9, 2012 2:47am Aug 9, 2012 2:47am
Quoting aeternum
I don't think our banks ever take holidays. :/

Ah. Its fine. I'm not really getting affected by haze since I'm home majority of the time.
So one thing to note is never get a job in a Singaporean banks, they never have holidays

being home a lot does give you the advantage of doing this kind of job I guess
  • #4,991
  • Aug 9, 2012 2:50am Aug 9, 2012 2:50am
Quoting KiNgEdwarD
good after noon ,watch out US Dollar index,its rising,on contrary ,au falling..other than that 1.06 support had been checked out for several time,didn't broke even one time...
Well I hope it works out ok but for me the entry would be up closer to 10610

You could have a nice tight SL to minimise risk of R2 being broken
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  • #4,992
  • Aug 9, 2012 2:58am Aug 9, 2012 2:58am
Quoting irfandbl
So one thing to note is never get a job in a Singaporean banks, they never have holidays

being home a lot does give you the advantage of doing this kind of job I guess
Precisely doing this job that keeps me at home. But first I need to clear up my open positions before I can start! Waiting for 1.244 EU bounce. The others will tag along I guess since I'm all long on Euro. Bad mistake to make a few days ago.
A 1 pip gain is better than a 1 pip loss.
  • #4,993
  • Aug 9, 2012 3:04am Aug 9, 2012 3:04am
short from 105.89
Be hopeful in a winning position, and fearful in a losing position.
  • #4,994
  • Aug 9, 2012 3:16am Aug 9, 2012 3:16am
Quoting Rag2RichesFX
short from 105.89
Wonder what currency this is
A 1 pip gain is better than a 1 pip loss.
  • #4,995
  • Aug 9, 2012 3:21am Aug 9, 2012 3:21am
here we go
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  • #4,996
  • Aug 9, 2012 3:32am Aug 9, 2012 3:32am
Quoting Itrade24h
here we go
Anyone think we are going back to Jul 19 again?
  • #4,997
  • Aug 9, 2012 3:34am Aug 9, 2012 3:34am
Quoting Rag2RichesFX
short from 105.89
initial target 104.40/50
Be hopeful in a winning position, and fearful in a losing position.
  • #4,998
  • Aug 9, 2012 3:38am Aug 9, 2012 3:38am
Quoting aeternum
Goodness, what a long post! I did the impossible and finished reading it though!

I actually am trying my own method of trading but I still do pay attention to the order board. I try my best not to follow what others are doing because a friend of mine once told me to go long here, go short there, but ended up cancelling early because he realised the signal changed. So I'm just gonna do it my own way now.

Yes definitely, I am expecting a reversal too. But the problem is no one knows when it will come.

I am actually rather curious on how EAs...
Hello Aeternum,
It's great that you are developing your own method of trading. Just be sure that you are employing great money management and start out trading with mini lots until the method you are developing has been proven and successful.
Most of us here would not like to see you lose a great deal of your capitol, testing an unproven system of trading.
All the best to you in your develpment.
  • #4,999
  • Aug 9, 2012 3:42am Aug 9, 2012 3:42am
Quoting aeternum
Wonder what currency this is
It will be the currency that is currently priced at 1.0589. That would be the AUD/USD.

  • #5,000
  • Aug 9, 2012 4:55am Aug 9, 2012 4:55am
Quoting samedi
I have a small short position 1.06 (wll tp ~1.055),
out at 1.0563
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