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  • #6,501
  • Aug 17, 2012 2:01am Aug 17, 2012 2:01am
Quoting KiNgEdwarD
thank you boss
Did you like to see a tech view...

http://www.forexfactory.com/showthread.php?p=5935065#post5935065
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #6,502
  • Aug 17, 2012 2:11am Aug 17, 2012 2:11am
IMO, it's not safe to long this pair yet...because this guy told me not to

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  • #6,503
  • Aug 17, 2012 2:52am Aug 17, 2012 2:52am
bulls need a pulse above 60's ,bear still in control....but if longer the support didn't broken,it will shoot up(which actually i need )..IMO
Sometimes it's better to be wrong,to learn..
  • #6,504
  • Aug 17, 2012 2:54am Aug 17, 2012 2:54am
Quoting payal
Glad to hear that. I was wondering if you were out all day taking a big dump lol!
No I was out shopping for a new PT as the other one has been worn out from too much use lately.
  • #6,505
  • Aug 17, 2012 2:54am Aug 17, 2012 2:54am
I am looking at 1.0375 level before looking for longs, I think we have a flag forming on the H1
Some people say I'm lucky, but the more I practice the luckier I get
  • #6,506
  • Aug 17, 2012 2:55am Aug 17, 2012 2:55am
Quoting KiNgEdwarD
bulls need a pulse above 60's ,bear still in control....but if longer the support didn't broken,it will shoot up(which actually i need )..IMO
1.076 days to go for me bro
  • #6,507
  • Aug 17, 2012 3:16am Aug 17, 2012 3:16am
Quoting irfandbl
1.076 days to go for me bro
Just got back from walking the dog .... called in at the shop for more milk for another pot of tea too.

Looks like I havent missed much
  • #6,508
  • Aug 17, 2012 3:18am Aug 17, 2012 3:18am
Quoting irfandbl
1.076 days to go for me bro
there's still about 1.3
Sometimes it's better to be wrong,to learn..
  • #6,509
  • Aug 17, 2012 3:21am Aug 17, 2012 3:21am
Quoting KiNgEdwarD
there's still about 1.3
40 more minutes, then I can drink and eat something today
  • #6,510
  • Aug 17, 2012 3:24am Aug 17, 2012 3:24am
Quoting irfandbl
40 more minutes, then I can drink and eat something today
well 1 more day then i'll able to eat and drink for the next 11 months.......by the way what you think about au?i'm long from 47
Sometimes it's better to be wrong,to learn..
  • #6,511
  • Aug 17, 2012 3:29am Aug 17, 2012 3:29am
Quoting gatorinla
so what do you wait for? at 40 with a stop below 37.. you risk less then 5.. and if you wait for a candle or your indies the risk will be greater then 5.
Hi Gatorinla,

Just got back from a great dinner out with my lovely! She just loves it when I'm checking markets on my phone when I'm away from the Trading Room.

Right now I'm waiting on a break of the box either above 1.0453 or below 1.0434. I usually use SL less than 10 with precisely placed entries.

I would have entered under most circumstances at 1.0440 when it double bottomed but PA was so weak that I held off on this one till it proved itself. The double bottom was a break below the lower bullish tread line and I felt that it's upward travel would be limited by it in the short term.

I get excited when it stays in the box for a fairly long time, cause when it breaks, it's usually a strong move.
  • #6,512
  • Aug 17, 2012 3:34am Aug 17, 2012 3:34am
Quoting KiNgEdwarD
well 1 more day then i'll able to eat and drink for the next 11 months.......by the way what you think about au?i'm long from 47
Hahaha, true..for the whole 11 months, except for occasional Mondays and Thursdays

I'm not really sure what to think about AU to be honest, I have closed my short at 1.0450.
Yesterday I was planning to go long at 1.0450 or 1.0430, but I've changed my mind because H4 is pointing towards 10413 and 10398
  • #6,513
  • Aug 17, 2012 3:36am Aug 17, 2012 3:36am
Quoting irfandbl
Hahaha, true..for the whole 11 months, except for occasional Mondays and Thursdays

I'm not really sure what to think about AU to be honest, I have closed my short at 1.0450.
Yesterday I was planning to go long at 1.0450 or 1.0430, but I've changed my mind because H4 is pointing towards 10413 and 10398
i'll pray it starts pointing towards 1.06xx ..
Sometimes it's better to be wrong,to learn..
  • #6,514
  • Aug 17, 2012 3:40am Aug 17, 2012 3:40am
Quoting KiNgEdwarD
i'll pray it starts pointing towards 1.06xx ..
if EU and AU correlate each other and AU heading towards 1.06xx by today, then I'll be damned...I'm currently under water on EU.
What an awful way to start the weekend and Eid
  • #6,515
  • Aug 17, 2012 3:44am Aug 17, 2012 3:44am
Quoting KiNgEdwarD
i'll pray it starts pointing towards 1.06xx ..
very rare for a 4hr candle with full body not to have follow through.. i am long too but will watch it carefully.

perhaps the level was too obvious (104.35) so bulls will try something less obvious

plus the fact that we already bounced off of 104.50 up to 105.20 makes me think that we wont be bouncing up there again...especially with that 4hr candle
Be hopeful in a winning position, and fearful in a losing position.
  • #6,516
  • Aug 17, 2012 3:55am Aug 17, 2012 3:55am
Quoting Rag2RichesFX
very rare for a 4hr candle with full body not to have follow through.. i am long too but will watch it carefully.

perhaps the level was too obvious (104.35) so bulls will try something less obvious

plus the fact that we already bounced off of 104.50 up to 105.20 makes me think that we wont be bouncing up there again...especially with that 4hr candle
guys just open min5 or min 15 candles on eur/usd or aus/usd, this is my take and u see the cycle patterns, price can leap again from support but the second time it return to the same support is likely to crash it then to bounce from it.


. normally on an uptrend break out, price can jump again from support after it was retrace from high to low, and demand at candle with pending limits buy on retrace on breakout can still happen.

on the bigger tf, it had already bounced from 1.0450 twice.

i won't seat on the same area thrice, since it already move up, so many times.

weekly is bearish, daily is blocked by 1.0530, more offers and selling heard, i won't long from here either.

given friday, i won't long it until i see a good 4hour.

all i know is that aud is a currency that is stubborn, it will bull until a bear comes out, and bear until a bull comes out, then only i will take the ride. the bears now look heavy on 4hour. daily is going to touch 1.04 down down i guess only..

but again. 1.0436 is a good number to long, good level to LONG!. but i am seating out.
  • #6,517
  • Aug 17, 2012 3:57am Aug 17, 2012 3:57am
let see if it can became possible without going lower than 35 next week or next some days after week ends..35 is the key once broken it may become a quick downward impulse..sl is 27..just below h1 r3...out for the day,,,gl all
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Sometimes it's better to be wrong,to learn..
  • #6,518
  • Aug 17, 2012 3:57am Aug 17, 2012 3:57am


Finally the big boys decided to make a move to kill the weak longs, can't say I didn't tell you so.

Been reiterating that longing the AUD on any pair would be a bad move for positions that are on a TF of more than a day. Just keep your longs to scalps. Already said that the institutional boys were taking money out of AUD and the AUD demand was only being substantiated by the dumb money.

As per my playbook, I've hinted at CAD strength and I've moved the money to the CAD, USD/CAD, AUD/CAD, CAD/JPY, EUR/CAD. Paying off handsomely right now.


Didn't bother to trade the AUD retracement because I just don't do negative carry trades. What's better than pips? Pips with a positive swap rate
  • #6,519
  • Aug 17, 2012 4:02am Aug 17, 2012 4:02am
Quoting 5percent
guys just open min5 or min 15 candles on eur/usd or aus/usd, this is my take and u see the cycle patterns, price can leap again from support but the second time it return to the same support is likely to crash it then to bounce from it.


. normally on an uptrend break out, price can jump again from support after it was retrace from high to low, and demand at candle with pending limits buy on retrace on breakout can still happen.

on the bigger tf, it had already bounced from 1.0450 twice.

i won't seat on the same area thrice, since it already...
good call and i closed for -3 right before those stops were taken out

EURAUD is giving me a headache. the buy pressure is too strong, i need to hold strong here as i know 1.1850 is a good spot to sell, but when PA is this bullish, makes me nervous
Be hopeful in a winning position, and fearful in a losing position.
  • #6,520
  • Aug 17, 2012 4:05am Aug 17, 2012 4:05am
stopped out
Sometimes it's better to be wrong,to learn..
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