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  • #7,401
  • Aug 22, 2012 1:42pm Aug 22, 2012 1:42pm
Quoting gnomoneey
where are we going from here
What did you see happen last night and what is happening now
Wooooohooooo or Boooooohooooo
  • #7,402
  • Aug 22, 2012 1:44pm Aug 22, 2012 1:44pm
that's it, so much for the "no QE3" hopium, E/U is raping me right now, I'm going to buy me some lubricant to ease the pain
  • #7,403
  • Aug 22, 2012 1:48pm Aug 22, 2012 1:48pm
So the Fed basically says the same dam thing they always say, and everybody interprets that as if QE3 is on its way.
  • #7,404
  • Aug 22, 2012 1:49pm Aug 22, 2012 1:49pm
Geez, that was sure nice of the price come back and hit my sl before continuing its upward journey. Sometimes it feels like the market is out to get me even when I pick the right direction!!!
  • #7,405
  • Aug 22, 2012 1:50pm Aug 22, 2012 1:50pm
Quoting Hookem28
So the Fed basically says the same dam thing they always say, and everybody interprets that as if QE3 is on its way.
Exactly. Timing of the QE3 "soon" means nothing and the market is going into heavy short covering.
  • #7,406
  • Aug 22, 2012 1:52pm Aug 22, 2012 1:52pm
Quoting irfandbl
that's it, so much for the "no QE3" hopium, E/U is raping me right now, I'm going to buy me some lubricant to ease the pain
Most of us are caught off guard. PT is in big demand I guess. I don't see FUDGE guy posting today. Looks like his Gold SELL must have wiped him clean
  • #7,407
  • Aug 22, 2012 1:55pm Aug 22, 2012 1:55pm
Quoting Hookem28
So the Fed basically says the same dam thing they always say, and everybody interprets that as if QE3 is on its way.
And seeing as this is the Forex market, it won't be wise to bet against the money flow especially if you are doing short term trading.

This period is once again going to be bad US data = good and good US data = good.
  • #7,408
  • Aug 22, 2012 1:57pm Aug 22, 2012 1:57pm
Missed that move again

Bit angry as held shorts for days

10400 had to happen sooner or later

Question is this the restart of the old up trend

or will it need to crawl back down before it zooms back up

Any ideas on this
  • #7,409
  • Aug 22, 2012 1:58pm Aug 22, 2012 1:58pm
Quoting payal
Most of us are caught off guard. PT is in big demand I guess. I don't see FUDGE guy posting today. Looks like his Gold SELL must have wiped him clean
PT, laxative and lubricant are indeed in huge demand right now. I believe the FUDGE guy is in bed right now, hope he's having a nice dream because he's going to wake up in a nightmare, and that goes to me as well
  • #7,410
  • Aug 22, 2012 2:01pm Aug 22, 2012 2:01pm
Gold is flying like crazy does any 1 here thinks it will go a bit down in the next hour ?
  • #7,411
  • Aug 22, 2012 2:02pm Aug 22, 2012 2:02pm
Quoting payal
Most of us are caught off guard. PT is in big demand I guess. I don't see FUDGE guy posting today. Looks like his Gold SELL must have wiped him clean
If you are a bear and underwater now, don't worry! There will be retracement for you to get out.

Don't forget to get Bull masks for you and your bear friends. It will save your life and bank accounts.
daddybearforex. com
  • #7,412
  • Edited 2:14pm Aug 22, 2012 2:04pm | Edited 2:14pm
Quoting irfandbl
PT, laxative and lubricant are indeed in huge demand right now. I believe the FUDGE guy is in bed right now, hope he's having a nice dream because he's going to wake up in a nightmare, and that goes to me as well
I heard he was in the ICU now.
daddybearforex. com
  • #7,413
  • Aug 22, 2012 2:05pm Aug 22, 2012 2:05pm
Quoting eliteincome
Missed that move again

Bit angry as held shorts for days

10400 had to happen sooner or later

Question is this the restart of the old up trend

or will it need to crawl back down before it zooms back up

Any ideas on this

Watch out for any Bull trap, as big boys like that. We might still see some downside, before any up as China data tonight will be crucial.
  • #7,414
  • Aug 22, 2012 2:06pm Aug 22, 2012 2:06pm
Now, this truck will move forward to the top of Bear Mountain. Any objections?

http://www.forexfactory.com/attachme...1&d=1345612550
daddybearforex. com
  • #7,415
  • Aug 22, 2012 2:07pm Aug 22, 2012 2:07pm
Quoting eliteincome
Missed that move again

Bit angry as held shorts for days

10400 had to happen sooner or later

Question is this the restart of the old up trend

or will it need to crawl back down before it zooms back up

Any ideas on this
I'm going to bet on this pair going back up with the retracement ending albeit really prematurely.

My analysis didn't price in QE and this whole FOMC backing QE is kind of a reigniting hopium. We all know what hope does to traders...
  • #7,416
  • Aug 22, 2012 2:09pm Aug 22, 2012 2:09pm
Quoting DaddyBear
Now, this truck will move forward to the top of Bear Mountain. Any objections?

http://www.forexfactory.com/attachme...1&d=1345612550
I'm looking for it to go to at least 1.07, but then I'm not sure, might be a downhill from there. Just a thought
  • #7,417
  • Aug 22, 2012 2:15pm Aug 22, 2012 2:15pm
Quoting DaddyBear
Now, this truck will move forward to the top of Bear Mountain. Any objections?

http://www.forexfactory.com/attachme...1&d=1345612550
Oh!... What is it? , on top of track.
  • #7,418
  • Aug 22, 2012 2:16pm Aug 22, 2012 2:16pm
1hr failed to close above previous rally a few days ago, stalled? Shorted and looking for retracement in asian session.

Fundamentals have not changed, medium term, still bearish. This could be a fakeout maybe?
  • #7,419
  • Aug 22, 2012 2:17pm Aug 22, 2012 2:17pm
Quoting NYForexer
I'm looking for it to go to at least 1.07, but then I'm not sure, might be a downhill from there. Just a thought
I still remember the comic where the bear sees a mountain and it goes up and then back down.
A 1 pip gain is better than a 1 pip loss.
  • #7,420
  • Aug 22, 2012 2:24pm Aug 22, 2012 2:24pm
Quoting Denden2012
1hr failed to close above previous rally a few days ago, stalled? Shorted and looking for retracement in asian session.

Fundamentals have not changed, medium term, still bearish. This could be a fakeout maybe?
From what I understand, off of RBA statement, AUD looks pretty strong to me. Still unsure about USD, so I'm not sure what you mean by saying that fundamentals are not changed
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