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  • #7,541
  • Aug 23, 2012 12:10am Aug 23, 2012 12:10am
Quoting irfandbl
non yet on A/U, underwater on E/U
I'm mean target PIP to day?

So sorry with E/U too.....
  • #7,542
  • Aug 23, 2012 12:16am Aug 23, 2012 12:16am
Quoting bouble
I'm mean target PIP to day?

So sorry with E/U too.....
don't know bro, not sure if I have any targets for today to be honest
  • #7,543
  • Aug 23, 2012 12:25am Aug 23, 2012 12:25am
Me thinks au going up what with the dollar been smashed to pieces by Evans and the euro rallying.
  • #7,544
  • Aug 23, 2012 12:43am Aug 23, 2012 12:43am
Quoting irfandbl
don't know bro, not sure if I have any targets for today to be honest
Hi, Hope you dont mind my comment, but seem to get the impression there is a wish to see this pair down and looking therefore are looking for those signals / signs. Some how I dont see this happening given the following:

The pair is in a strong uptrend with no signs of relenting and getting major support on every down trend. Statements from Australia do recognize head winds but are willing to wait to act on them.

US needs a weak dollar to have any sustained recovery - which is stalling

Data from China is dependable?

Australian rates being higher will continue to attract funds

EU story is predictable - negative talk but there will be no concrete action to take Greece out - so EU will jump. Germany though slow is still growing.

Through all this I see a weak USD - across except JPY

Would wait for a sustained break below 1.04100 to go short - yes tech chars show an imminent down trend but less pips are better than no pips! Better sure than sorry...

Wonder if anyone thinks alike. Just my thoughts.
In The End It is Always OK. If It Is Not OK Then It Is Not The End.
  • #7,545
  • Aug 23, 2012 12:51am Aug 23, 2012 12:51am
Quoting nbhaya
Hi, Hope you dont mind my comment, but seem to get the impression there is a wish to see this pair down and looking therefore are looking for those signals / signs. Some how I dont see this happening given the following:

The pair is in a strong uptrend with no signs of relenting and getting major support on every down trend. Statements from Australia do recognize head winds but are willing to wait to act on them.

US needs a weak dollar to have any sustained recovery - which is stalling

Data from China is dependable?

Australian rates being...
Hello there, I don't mind at all for the comment, your comments would be much appreciated, thanks.
That's true buddy, I wish it would come down so I can have a nice long for this pair, my long term view on this pair is still bullish as for now, but maybe I was just too greedy to wish it would come down to 1.03xx in order to go long until 1.0716..
but it's not A/U that's been buggering me off recently, it's E/U
  • #7,546
  • Aug 23, 2012 12:55am Aug 23, 2012 12:55am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
I agree. I'm not trying to be the genius here but I see a tendency across the board of players trying to pick the change in trend instead of just taking the "easy" way - going with it. I admit to loosing on the NZ just because I know so much as a Kiwi that it is too high and must fall. Even John Key our Prime Minister tried to talk it down but look - now I'm in a buy and feel better. Both Oz and Nz have strong currencies because their economies are strong too, NZ dairying Oz the mineral boom which with all the talk of fundamentals wont be slowing in a hurry. IMHO. (is my hearing aid on?)
  • #7,547
  • Aug 23, 2012 12:58am Aug 23, 2012 12:58am
Quoting bouble
refer with volume.....

LH = Low high?

LL = Low Low?

That's mean , will have reference price ,trend and go to check price movement ?

pattern of candlesticks can call price action?
Yes again you are correct, but until we get to some sort of S&R or have a nice PA pattern entering is just a bet
Some people say I'm lucky, but the more I practice the luckier I get
  • #7,548
  • Aug 23, 2012 1:05am Aug 23, 2012 1:05am

After getting a margin call and doing a really big fudge...I'm BACK

Thanks everyone for your condolences about my account...may it rest in peace.

I'm BACK...more stronger....more bolder....and more determined than ever to make this work.

So lets go get them pipies....leave some pipies for us Papa pear!!
  • #7,549
  • Aug 23, 2012 1:07am Aug 23, 2012 1:07am
Quoting Daytrader74

After getting a margin call and doing a really big fudge...I'm BACK

Thanks everyone for your condolences about my account...may it rest in peace.

I'm BACK...more stronger....more bolder....and more determined than ever to make this work.

So lets go get them pipies....leave some pipies for us Papa pear!!

welcome back Day "Fudge" Trader74, welcome back from the dead second LP here we go
  • #7,550
  • Aug 23, 2012 1:10am Aug 23, 2012 1:10am
May she rest in peace.
  • #7,551
  • Aug 23, 2012 1:14am Aug 23, 2012 1:14am
Quoting Daytrader74

After getting a margin call and doing a really big fudge...I'm BACK

Thanks everyone for your condolences about my account...may it rest in peace.

I'm BACK...more stronger....more bolder....and more determined than ever to make this work.

So lets go get them pipies....leave some pipies for us Papa pear!!

http://www.myfxbook.com/members/Ozpips/ozpips/369888

i like your spirit .
  • #7,552
  • Aug 23, 2012 1:18am Aug 23, 2012 1:18am
The Aussie just lost ground against the USD & EUR simultaneously, it was only 10 pips but a sign of weakness nevertheless.
Some people say I'm lucky, but the more I practice the luckier I get
  • #7,553
  • Aug 23, 2012 1:19am Aug 23, 2012 1:19am
I have 3 simple rules this time -

1. Never have more than 3 open trades at the same time.

2. Never add to a losing position.

3. Never risk more than 2% of my account on any one single trade.
  • #7,554
  • Aug 23, 2012 1:20am Aug 23, 2012 1:20am
Quoting 5percent
http://www.myfxbook.com/members/Ozpips/ozpips/369888

i like your spirit .
Me too
  • #7,555
  • Aug 23, 2012 1:29am Aug 23, 2012 1:29am
Quoting Daytrader74
I have 3 simple rules this time -

1. Never have more than 3 open trades at the same time.

2. Never add to a losing position.

3. Never risk more than 2% of my account on any one single trade.


4. Never trade without your PT / Diapers
  • #7,556
  • Aug 23, 2012 1:30am Aug 23, 2012 1:30am
Quoting Daytrader74
I have 3 simple rules this time -

1. Never have more than 3 open trades at the same time.

2. Never add to a losing position.

3. Never risk more than 2% of my account on any one single trade.

You will like this I watch it at least once a week to remind me
http://video.google.com/videoplay?docid=6974477267078611049
  • #7,557
  • Aug 23, 2012 1:33am Aug 23, 2012 1:33am
Broke 1.05 will the retest hold?
Some people say I'm lucky, but the more I practice the luckier I get
  • #7,558
  • Aug 23, 2012 1:40am Aug 23, 2012 1:40am
The dark knight rises

Attached Image (click to enlarge)
Click to Enlarge Name: batman.gif Size: 22 KB


p.s. this is not an indicator at all
  • #7,559
  • Aug 23, 2012 1:47am Aug 23, 2012 1:47am
Better luck this time. It's easy to blow an account by overtrading and betting on reversals. Good thing you learned something. Pull those pants up; or the market will rip your backside open again.

Quoting Daytrader74
I have 3 simple rules this time -
forget about tomorrow, just steal away into the night
  • #7,560
  • Aug 23, 2012 1:49am Aug 23, 2012 1:49am
Quoting Robot Trader
Broke 1.05 will the retest hold?
15M Candle held so I am in with a 50 pip SL (just above swing high) and 50 pip TP (bottom of upper trend line channel)
Some people say I'm lucky, but the more I practice the luckier I get
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