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  • #7,181
  • Aug 21, 2012 7:18pm Aug 21, 2012 7:18pm
Quoting DaddyBear
Is it possible you may post a Bat before it happens next time?
DB,

Please look back I did post it earlier with comments on how I would trade it and where my first TP would be.

Cheers

RT
Some people say I'm lucky, but the more I practice the luckier I get
  • #7,182
  • Aug 21, 2012 7:49pm Aug 21, 2012 7:49pm
any 1 else short ???
  • #7,183
  • Aug 21, 2012 7:51pm Aug 21, 2012 7:51pm
Quoting Brocklesnar
any 1 else short ???
Flat
daddybearforex. com
  • #7,184
  • Aug 21, 2012 7:53pm Aug 21, 2012 7:53pm
Quoting Brocklesnar
any 1 else short ???
brocklesner
tell me why are you shorting...your reasons and plan
Wooooohooooo or Boooooohooooo
  • #7,185
  • Aug 21, 2012 8:01pm Aug 21, 2012 8:01pm
Quoting gnomoneey
brocklesner
tell me why are you shorting...your reasons and plan

Here is a couple of reasons I put out yday . Next reason is above if it gets there.
Attached Image (click to enlarge)
Click to Enlarge Name: au 1hr.jpg Size: 86 KB
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #7,186
  • Aug 21, 2012 8:03pm Aug 21, 2012 8:03pm
Although I knew it was going down but I sopped myself from shorting. I believe it is still in an uptrend. To avoid getting caught in the crossfire, I wouldn't try to pick up one penny and to lose one hundred later.

http://www.forexfactory.com/attachme...1&d=1343713846
daddybearforex. com
  • #7,187
  • Aug 21, 2012 8:06pm Aug 21, 2012 8:06pm
Quoting CNTrader
Here is a couple of reasons I put out yday . Next reason is above if it gets there.
are you long or short now
Wooooohooooo or Boooooohooooo
  • #7,188
  • Aug 21, 2012 8:07pm Aug 21, 2012 8:07pm
Quoting CNTrader
Just woke up to Target 1 attained and then some. Banked some pro-fits and rolled stops to 0470. Waiting for next stop 0380 and gathering small longs for a retrace at these levels. 0437 gathering some respect. for longs looking at 0467 and 0490 ish areas
Target 2 was attained. I love this pair
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #7,189
  • Aug 21, 2012 8:10pm Aug 21, 2012 8:10pm
Quoting gnomoneey
are you long or short now
Still have a little short on the table looking for 0380 ish area but stops at break even and I fully reserve the right to bank remaining and go long if i see fit to do so lol
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #7,190
  • Aug 21, 2012 8:11pm Aug 21, 2012 8:11pm
CSI AND RSI gave me a signal for short and yeah dollar is retracing now thats why i shorted aud..
btw thanks CnTrader for replyinh on my behalf what is ur tp ??
  • #7,191
  • Aug 21, 2012 8:12pm Aug 21, 2012 8:12pm
Not seeing much resistance all day. Similar to drop last week, once we go past 485 seems pretty easy. I expect to be below 410 before seeing 1.05 again (if at all on this down leg.) Good Luck All!!
  • #7,192
  • Aug 21, 2012 8:13pm Aug 21, 2012 8:13pm
Quoting CNTrader
Still have a little short on the table looking for 0380 ish area but stops at break even and I fully reserve the right to bank remaining and go long if i see fit to do so lol
closing below 1.0420 on the h4 or daily and staying there should get you about 1.0340 then 1.0166

good call btw yesterday
Wooooohooooo or Boooooohooooo
  • #7,193
  • Aug 21, 2012 8:19pm Aug 21, 2012 8:19pm
Quoting Brocklesnar
CSI AND RSI gave me a signal for short and yeah dollar is retracing now thats why i shorted aud..
btw thanks CnTrader for replyinh on my behalf what is ur tp ??
I see 0437 and 0380 area as next levels to test. If we get a bounce of 0437 then the top highlighted area on my chart could be challenged and I will therefore get a nicer area to short. IMHO 0498 remains the key number. above bullish below bearish at least for the remaining of this week and we are currently in the process of potential trend change with new lower high and low on daily chart. whether that holds remains to be seen. 4hr close above 0480 and we could see a break of that 0498.
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #7,194
  • Aug 21, 2012 8:22pm Aug 21, 2012 8:22pm
Quoting gnomoneey
closing below 1.0420 on the h4 or daily and staying there should get you about 1.0340 then 1.0166

good call btw yesterday
Thanks G just doing my part to contribute when I have the time to do so.
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #7,195
  • Aug 21, 2012 8:32pm Aug 21, 2012 8:32pm
Quoting DaddyBear
Although I knew it was going down but I sopped myself from shorting. I believe it is still in an uptrend. To avoid getting caught in the crossfire, I wouldn't try to pick up one penny and to lose one hundred later.

http://www.forexfactory.com/attachme...1&d=1343713846
How about if you pick up the Penny now and get the 100 later? Would that be ok? lol
Attached Image
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #7,196
  • Aug 21, 2012 8:37pm Aug 21, 2012 8:37pm
Quoting DaddyBear
Although I knew it was going down but I sopped myself from shorting. I believe it is still in an uptrend. To avoid getting caught in the crossfire, I wouldn't try to pick up one penny and to lose one hundred later.

http://www.forexfactory.com/attachme...1&d=1343713846

What is your reasoning behind your belief that we are in he uptrend?
  • #7,197
  • Aug 21, 2012 8:37pm Aug 21, 2012 8:37pm
"Momentum higher unlikely to be halted as resistance levels are few
1.214 level is 38.2% fib level and horizontal res from Feb low - target
23.6% fib at 1.193 and 50 day MA circa 1.2 may provide temporary pullbacks
Ultimately a move back to test the upper wedge trend line may be under way
Chart: http://link.reuters.com/saq99s

@thomsonreuters.com"
  • #7,198
  • Aug 21, 2012 8:39pm Aug 21, 2012 8:39pm
Quoting DaddyBear
Although I knew it was going down but I sopped myself from shorting. I believe it is still in an uptrend. To avoid getting caught in the crossfire, I wouldn't try to pick up one penny and to lose one hundred later.

http://www.forexfactory.com/attachme...1&d=1343713846
You still Flat ? I believe 1.0458 ish level is important. It seems to be cutting through it at the moment. 025 here we come
  • #7,199
  • Aug 21, 2012 8:40pm Aug 21, 2012 8:40pm
Attached Image
  • #7,200
  • Aug 21, 2012 8:40pm Aug 21, 2012 8:40pm
Quoting CNTrader
How about if you pick up the Penny now and get the 100 later? Would that be ok? lol
I have tried many times before and ended up having one hundred under the water most of the time. It is always a temptation to pick up one penny in the Forex market. I am trying to kill this bad habit now.
daddybearforex. com
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