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  • #5,161
  • Aug 9, 2012 11:15pm Aug 9, 2012 11:15pm
Quoting KiNgEdwarD
1.0520 is support
Its a daily S2 level yes, but I'm not seeing very much structure support around there.

Loving the bear flag on 5m so far.
Be hopeful in a winning position, and fearful in a losing position.
  • #5,162
  • Aug 9, 2012 11:17pm Aug 9, 2012 11:17pm
Quoting gatorinla
at 0439 about 1-27.. using a 10 s/l. excluding spread.
better yet
those who can, do. those who cant, talk about those who can
  • #5,163
  • Aug 9, 2012 11:20pm Aug 9, 2012 11:20pm
Quoting gatorinla
better yet
Beautiful R/R... love these type of trades.

I think ill go with a 20 pip stop though in case it pierce the lows to take out your stops
Be hopeful in a winning position, and fearful in a losing position.
  • #5,164
  • Aug 9, 2012 11:22pm Aug 9, 2012 11:22pm
Pretty solid hold so far for the third consecutive test of 82.75 AUD/JPY.

Going long, tight stop.


PS. When do we bet to see the bull rush from Chinese stimulus speculations after the surprise slump?
  • #5,165
  • Aug 9, 2012 11:28pm Aug 9, 2012 11:28pm
this is scalp looking for shorts around 0550 ish to 58...this is not swing i am waiting for the swing to long sometime next week in the 0380's
  • #5,166
  • Aug 9, 2012 11:29pm Aug 9, 2012 11:29pm
Quoting gatorinla
maybe 0516 if this high holds. s/r at 0510 ect on chart.. i would like 0440 area to L... with a small stop. near 0433 to target 0724Min
noted
Sometimes it's better to be wrong,to learn..
  • #5,167
  • Aug 9, 2012 11:29pm Aug 9, 2012 11:29pm
AU 1 min flag broke but not in a rush to tank.
  • #5,168
  • Aug 9, 2012 11:33pm Aug 9, 2012 11:33pm
Yeah baby
  • #5,169
  • Aug 9, 2012 11:33pm Aug 9, 2012 11:33pm
Quoting SnaveForex
this is scalp looking for shorts around 0550 ish to 58...this is not swing i am waiting for the swing to long sometime next week in the 0380's
Were you long at 0526?

Quoting SnaveForex
long here at 0526
daddybearforex. com
  • #5,170
  • Aug 9, 2012 11:55pm Aug 9, 2012 11:55pm
Quoting irfandbl
10548
10540
10524
seems the price is playing around with 1.0524 right now, if this breaks..the next obstacle for the bears would be 1.0507
  • #5,171
  • Aug 10, 2012 12:00am Aug 10, 2012 12:00am
Quoting SnaveForex
this is scalp looking for shorts around 0550 ish to 58...this is not swing i am waiting for the swing to long sometime next week in the 0380's
Might be ... (50% - 61.8% correction on swing low).

However I see 1.0540/45 as safer level to expect (around 38.2%).

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  • #5,172
  • Aug 10, 2012 12:09am Aug 10, 2012 12:09am
Stupid me closed all my trades and put limit sell at 0535 neve got hit.
  • #5,173
  • Aug 10, 2012 12:11am Aug 10, 2012 12:11am
Just closed my shorts and calling it a night. Good luck to those still riding the train!
  • #5,174
  • Aug 10, 2012 12:13am Aug 10, 2012 12:13am
Well still better than my case, I forgot I had a TP limit @ 1.05432, went out for lunch (also forgot it's Chinese data today too), back with 25 pips. Could have been 50 pips, well I blame it all on the hunger and the sleepiness.

Would like to see a bounce @ 1.05 round number.

Quoting goldfinger
Stupid me closed all my trades and put limit sell at 0535 neve got hit.
  • #5,175
  • Aug 10, 2012 12:21am Aug 10, 2012 12:21am
Quoting jeff_b
Well still better than my case, I forgot I had a TP limit @ 1.05432, went out for lunch (also forgot it's Chinese data today too), back with 25 pips. Could have been 50 pips, well I blame it all on the hunger and the sleepiness.

Would like to see a bounce @ 1.05 round number.
u never go broke by taking profit
  • #5,176
  • Aug 10, 2012 12:24am Aug 10, 2012 12:24am
Quoting gatorinla
how about this. w/o a rate cut.. there is a 80% probability we will c 0724 before 0435.. bigger charts say 2118 is somewhere out there. way out there.

i just wait for the better r/r that most of the time never comes. 0510 happens more times then not, before 0724
it never hurts to wait.. looking to long 0437/49... below 0435, i close.. any reversal signal now can launch us higher.
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those who can, do. those who cant, talk about those who can
  • #5,177
  • Aug 10, 2012 12:24am Aug 10, 2012 12:24am
DB....finally got the move. Are we still sitting with our fingers reading our fx map ?
  • #5,178
  • Aug 10, 2012 12:26am Aug 10, 2012 12:26am
current momentum on min 5. Asia's liquid is not too much, so it's moving quite gradually and not instant.

SP500 already lower, we may see cac and dax opening lower as well, frankie's open can cause some plunge/spike in the first few minutes. Or maybe london will tell.

Long takers from 10 should have a stop after 1.050 not too far, as rumors saying sell stops just below 1.0500 whole number.

bids still at 10 and 00 [ believe to be ]

won't be surprise to see a free fall today if aud still do not pick up it's bull gear.

1.0590-1.0615 supply zone
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  • #5,179
  • Aug 10, 2012 12:32am Aug 10, 2012 12:32am
Quoting Rag2RichesFX
Beautiful R/R... love these type of trades.

I think ill go with a 20 pip stop though in case it pierce the lows to take out your stops
possible.. and i will be out.. looking to long at 0368 ish
those who can, do. those who cant, talk about those who can
  • #5,180
  • Aug 10, 2012 12:37am Aug 10, 2012 12:37am
Quoting DaddyBear

[I assume aeternum is a man for now.]

Although aeternum did not mention the reason behind his feeling, I do take his feeling seriously. Usually a newbie's feeling is the best gauge for the market's next move because he sees "it is what it is."

I explained this in my previous posts regarding my ZENguage.

What I am looking at is the daily chart. There is an ongoing divergence between PA and DIMP for 7 candles alreaady. This is unusually when comparing with previous situations. There is some meaning behind...
Yes, I am a guy.

Guess I got lucky predicting it this time. (I just woke up so I missed it)
A 1 pip gain is better than a 1 pip loss.
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