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Aussie Trading Room and Cartoons Gallery

  • #5,841
  • Aug 14, 2012 12:31pm Aug 14, 2012 12:31pm
Quoting Davit
Thank you bro.It was a weird day. German numbers were released all negative and PA kept claiming.
Finally US numbers did it.Camels back is not broken yet.I am very cautious to short below 50 not until this level is broken convincingly.
with this pair i've been successful with just using TA and PA.
hopefully it'll continue that way
Wooooohooooo or Boooooohooooo
  • #5,842
  • Aug 14, 2012 1:20pm Aug 14, 2012 1:20pm
:d
  • #5,843
  • Aug 14, 2012 1:26pm Aug 14, 2012 1:26pm
Quoting hopye
:d
PA Personal assistant

TA Total ars*hole

Hope this helps
  • #5,844
  • Aug 14, 2012 1:35pm Aug 14, 2012 1:35pm
Quoting hopye
:d
Technical Analysis

Price Action
In trading, you have to be defensive and aggressive at the same time
  • #5,845
  • Aug 14, 2012 1:39pm Aug 14, 2012 1:39pm
Quoting hopye
:d
Welcome hopye!
Some people like joking around, please don't take it personal. Please post your questions, someone may be able to assist you. -DB-
daddybearforex. com
  • #5,846
  • Aug 14, 2012 1:43pm Aug 14, 2012 1:43pm
I'm looking forward to AU going back up to 1.0525 and then around 1.057. After that, price could fall freely or go up more beyond 1.06, but not too much.
Play the players, not the cards.
  • #5,847
  • Aug 14, 2012 3:01pm Aug 14, 2012 3:01pm
Quoting GnarlyPips
I'm looking forward to AU going back up to 1.0525 and then around 1.057. After that, price could fall freely or go up more beyond 1.06, but not too much.
Can you please explain why it should go up to 1.0600?

Tomorrow is a holiday in France, Spain, Portugal, Greece, Italy and other parts of Europe. With liquidity thin, there are chances of some crazy wild swing.
  • #5,848
  • Aug 14, 2012 3:07pm Aug 14, 2012 3:07pm
What one Big Boi said to the other at the non existent bearish flag on 15m chart last night.
Attached Image
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #5,849
  • Aug 14, 2012 3:26pm Aug 14, 2012 3:26pm
Quoting payal
Can you please explain why it should go up to 1.0600?

Tomorrow is a holiday in France, Spain, Portugal, Greece, Italy and other parts of Europe. With liquidity thin, there are chances of some crazy wild swing.

Well, I didn't say price should go up to 1.0600. If it breaks 1.057, then that's a next logical place I can see price going. These levels are based on supply and demand imbalances.
Attached Image (click to enlarge)
Click to Enlarge Name: untestedsupply.png Size: 30 KB
Play the players, not the cards.
  • #5,850
  • Aug 14, 2012 3:42pm Aug 14, 2012 3:42pm
i think we're headed to 0460, still holding my short from .0501683, going to ride it out, hopefully we squeeze more out of her.
  • #5,851
  • Aug 14, 2012 3:43pm Aug 14, 2012 3:43pm
Hello Everybody

Good to see lots off people sending info in
Helps to get a feel to what is happening with this pair.

As I read everything here it has improved my skills.

I have been up all night drawing bears an cows an all sorts of weird stuff.

Green pips to all the punters
  • #5,852
  • Aug 14, 2012 4:11pm Aug 14, 2012 4:11pm
Quoting eliteincome
Hello Everybody

Good to see lots off people sending info in
Helps to get a feel to what is happening with this pair.

As I read everything here it has improved my skills.

I have been up all night drawing bears an cows an all sorts of weird stuff.

Green pips to all the punters
Good morning elite. Have a nice trading day in New Zealand. Could you share the bears and cows you drew last night?
daddybearforex. com
  • #5,853
  • Aug 14, 2012 4:17pm Aug 14, 2012 4:17pm
I was thinking the same except that it could visit the 1.0550 - 1.0560 area that's been sloshed around last couple days (H4 chart I'm talking about)
..Finally, it has happened ... EUR/AUD broke the daily down trend line and also looks quite double bottom-ish on the H4. I think this is bearish for the AUD, I wish I wouldn't hate shorting AUD because of the swaps.

Quoting GnarlyPips
I'm looking forward to AU going back up to 1.0525 and then around 1.057. After that, price could fall freely or go up more beyond 1.06, but not too much.
forget about tomorrow, just steal away into the night
  • #5,854
  • Aug 14, 2012 4:39pm Aug 14, 2012 4:39pm
Is this a green shoot?
Attached Image (click to enlarge)
Click to Enlarge Name: GREEN SHOOT.JPG Size: 65 KB
daddybearforex. com
  • #5,855
  • Aug 14, 2012 4:56pm Aug 14, 2012 4:56pm
Unloaded a little of this short, house payment due on the 15th...

Which way is it going now ? I got some pending sells at the daily pivot. It may not retrace, oh well..go with what I've still got on the short side.
  • #5,856
  • Aug 14, 2012 4:58pm Aug 14, 2012 4:58pm
Quoting flipnfaith
Unloaded a little of this short, house payment due on the 15th...

Which way is it going now ? I got some pending sells at the daily pivot. It may not retrace, oh well..go with what I've still got on the short side.
I expected more waterfall through 1.0495.

104.40/50 area should be the next bounce (104.35 lows) or attempt at trend continuation

I took 1/2 profit just now as well @ 104.87 (+102 pips)
Be hopeful in a winning position, and fearful in a losing position.
  • #5,857
  • Aug 14, 2012 5:02pm Aug 14, 2012 5:02pm
Quoting Rag2RichesFX
I expected more waterfall through 1.0495.

104.40/50 area should be the next bounce (104.35 lows) or attempt at trend continuation

I took 1/2 profit just now as well @ 104.87 (+102 pips)
Yes...its one of the better habits I've picked up to unload half and ride the other half. Takes a lot of stress off too once you unload the 1st half. Reduces blood pressure HA
  • #5,858
  • Aug 14, 2012 5:05pm Aug 14, 2012 5:05pm
Quoting flipnfaith
Yes...its one of the better habits I've picked up to unload half and ride the other half. Takes a lot of stress off too once you unload the 1st half. Reduces blood pressure HA
Yes I don't think I would be successful without this strategy, as when I cut the full winner, it keeps running, and when I don't, I lose the profit I already had (it reverses). It's almost inevitable.

Plus it was 2/3 of the way to my target (150 pips) so it's close enough to take 1/2 profit

Also taking half profit allows you to not have to set the rest S/L @ BE (especially helpful if your entry wasn't that great as if it wasn't great, a S/L @ BE will likely get taken out)

An example of this is when Aussie bounced from 104.95 up to 105.80 area, if I had a stop @ BE it would have almost got hit, my stop was above 106 though)
Be hopeful in a winning position, and fearful in a losing position.
  • #5,859
  • Aug 14, 2012 5:24pm Aug 14, 2012 5:24pm
Quoting DaddyBear
Is this a green shoot?
Not from where I'm sitting but then again I dont even know what that is. I need to be edumacated on this terminology. Oh wait is that a Bearish......? oh nevermind think I'm seeing things again.


Who brought the Bull to a Bear fight?
Attached Image
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #5,860
  • Aug 14, 2012 5:27pm Aug 14, 2012 5:27pm
Quoting CNTrader
Just added to short. I will look to add to a winning trade again at the white dotted line below for a target of 0450 then 0380. I will then look for long opportunities at these levels as well. Not married to the trade its just what I see now may readjust based on what I see with price behavior.

I banked and rolled stops but I stil like my chances at these targets at the moment
Don't follow me! You can and most likely will LOSE all your money!!!!
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