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  • #5,701
  • Aug 14, 2012 4:18am Aug 14, 2012 4:18am
Quoting 2+2=4ex
I noticed you were a little amped up there. Now that explains why, hehe.
I might make a pot full it sure wakes me up better than my usual tea
  • #5,702
  • Aug 14, 2012 4:19am Aug 14, 2012 4:19am
Quoting Robot Trader
Its had two attempts at breaking 1.05, the last bounce from that level did not go as high and stayed within my wedge.

It may well try for a third time, but we have poor volume at the moment, so I do not know how successful it will be.
Your wedge? Are you a carpenter?
daddybearforex. com
  • #5,703
  • Aug 14, 2012 4:19am Aug 14, 2012 4:19am
Quoting supertubes
I have coffee for a change today I thought i'd live it up a little
COFFEE!!!! YUM
  • #5,704
  • Aug 14, 2012 4:19am Aug 14, 2012 4:19am
Quoting WendyG
COFFEE!!!! YUM

Yep then a woody after lunch
  • #5,705
  • Aug 14, 2012 4:20am Aug 14, 2012 4:20am
Quoting supertubes
Yep then a woody after lunch
  • #5,706
  • Aug 14, 2012 4:21am Aug 14, 2012 4:21am
By Francis Bray, CFTe MSTA
AUD/USD is facing a setback to parity near term, as the ten-week uptrend is losing momentum.
A glance at a daily chart of AUD/USD shows that upside momentum has been diverging since the late June break above the 1.0225 intra-wave high.
But the difference this time is the one-year falling resistance line at 1.0663 for the month of August is dangerously close to the Aug. 9 high at 1.0615.
Viewed from a monthly perspective, the one-year bear resistance line is part of an AUD bull pennant continuation pattern that is consolidating the powerful bull wave to 1.1083 from 0.6010 between October 2008 and July 2011.
For details, see the AUD/USD monthly chart below.
http://www.dowjoneswebservices.com/chart/view/5994
The medium-term 0.9581/1.0615 bull wave is struggling in the face of the resistance line at 1.0663, and last week's doji candle that neutralizes the uptrend is close to being confirmed.
Pressure is building on Tuesday's low at 1.0496, and a sustained break below 1.0496 would issue the bear signal for weakness to the 0.9969/1.0100 support cushion.
Projected support at 1.0050 helps to endorse the significant support cluster, incorporating former range highs and higher reaction lows, while the base of the support cushion at 0.9969 is also the 61.8% Fibonacci retracement level of the 0.9581/1.0615 bull wave.
My Currency is Urgency
  • #5,707
  • Aug 14, 2012 4:22am Aug 14, 2012 4:22am
weird day
3 negative news for Euro and she is still climbing! pulling this worthless currency with her.
Something is just not right

Only hope is positive news at 8:30 for US
In trading, you have to be defensive and aggressive at the same time
  • #5,708
  • Aug 14, 2012 4:25am Aug 14, 2012 4:25am
Quoting supertubes
I might make a pot full it sure wakes me up better than my usual tea
I love coffee myself. It really gives me the energy to be more productive (outside of trading). If I drink too much though I get a weird jitter sensation. Just don't drink too much. Moderation.
  • #5,709
  • Aug 14, 2012 4:27am Aug 14, 2012 4:27am
I forgot to tell you guys yesterday...

After struggling with recession the last 12 months decided to put my company into liquidation last week..

As of Yesterday I am a full time trader.

Wanted to share that with you guys as although I read other threads this is the only one I post on.

wish me luck lord knows I need it!
  • #5,710
  • Aug 14, 2012 4:27am Aug 14, 2012 4:27am
Quoting Davit
weird day
3 negative news for Euro and she is still climbing! pulling this worthless currency with her.
Something is just not right

Only hope is positive news at 8:30 for US

Worthless compared to what?

10 up weeks in a row,someone seems to think its worth something.
You can remain irrational longer than you can remain solvent.
  • #5,711
  • Aug 14, 2012 4:29am Aug 14, 2012 4:29am
Quoting Davit
weird day
3 negative news for Euro and she is still climbing! pulling this worthless currency with her.
Something is just not right

Only hope is positive news at 8:30 for US
brokers, big boys and market makers, going against the majority of how normal traders trade, they should be able to move the market together given thin volume. A bad news may not make it sell off, a not so important piece of good news can shoot it up, then it's time u should re-consider your entries. if its already breakeven good, if planting new entries, think again.

i am just guessing, i can be wrong. But because of the volume i am seeing on each spike on aud and eur at certain level, i am more wary of shorting now, only short the highest, if not stay out and build hedge longs from lower with stops below the breaking point, lol.
  • #5,712
  • Aug 14, 2012 4:29am Aug 14, 2012 4:29am
Wishing you lots of green pips Super
  • #5,713
  • Aug 14, 2012 4:29am Aug 14, 2012 4:29am
Quoting Davit
weird day
3 negative news for Euro and she is still climbing! pulling this worthless currency with her.
Something is just not right

Only hope is positive news at 8:30 for US
The markets follow their own law to move on preset paths not man-made news.
daddybearforex. com
  • #5,714
  • Aug 14, 2012 4:31am Aug 14, 2012 4:31am
Quoting WendyG
Wishing you lots of green pips Super
Same here. Best wishes super.
  • #5,715
  • Aug 14, 2012 4:35am Aug 14, 2012 4:35am
Quoting DaddyBear
The markets follow their own law to move on preset paths not man-made news.
Central banks, banks, funds, corporations are run by man though.
  • #5,716
  • Aug 14, 2012 4:36am Aug 14, 2012 4:36am
Quoting 2+2=4ex
Same here. Best wishes super.


I got myself a survival kit... a proper coffee pot for strong coffee if needed for late nights... and sleeping pills for when the coffee is too strong lol !
  • #5,717
  • Aug 14, 2012 4:38am Aug 14, 2012 4:38am
Quoting supertubes


I got myself a survival kit... a proper coffee pot for strong coffee if needed for late nights... and sleeping pills for when the coffee is too strong lol !
Way to be prepared! LOL
  • #5,718
  • Aug 14, 2012 4:38am Aug 14, 2012 4:38am
Quoting 2+2=4ex
Central banks, banks, funds, corporations are run by man though.
The universe is run by the All Mighty.
daddybearforex. com
  • #5,719
  • Aug 14, 2012 4:39am Aug 14, 2012 4:39am
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Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Trade.png Size: 517 KB
  • #5,720
  • Aug 14, 2012 4:47am Aug 14, 2012 4:47am
Quoting Daytrader74
.
i am curious, why pay swap on a carry buy audusd trade? i thought should be positive swaps?
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