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  • #701,761
  • Oct 3, 2012 2:10am Oct 3, 2012 2:10am
Quoting John Gray
give it 90 minutes on the gu

this is falling channel not the neatest, but previous low is my next target if bears still on board, the circles is still on chart I posted when head was forming, although it didnt play out precise, with the right shoulder popping a second time, it effectively has played and now watching the falling channel,

and yes agree gbp data will be very interesting, possible already pricing in now
Attached Image (click to enlarge)
Click to Enlarge Name: au 1hr 3 10 2012.jpg Size: 94 KB
If you are new to Forex? Say Goodbye to your account!!
  • #701,762
  • Oct 3, 2012 2:11am Oct 3, 2012 2:11am
euro$ yesterday's low just broken
Learning Requires Failure
  • #701,763
  • Oct 3, 2012 2:11am Oct 3, 2012 2:11am
Quoting tirmizi
good job mate

patience is virtue
small leverage relative to account size is virtue

that is why CMC Markets in NZ suggests a $10,000 starting balance.

Personally I see the AU back at 1.05 even 1.10 but it needs this sell-off first.

Similarly with the EU (after all it is an EU forum). I see it falling to 1.2800
Even the worst trade can close with profit. Just give it time.
  • #701,764
  • Oct 3, 2012 2:13am Oct 3, 2012 2:13am
Quoting KiwiTrada
this is falling channel not the neatest, but previous low is my next target if bears still on board, the circles is still on chart I posted when head was forming, although it didnt play out precise, with the right shoulder popping a second time, it effectively has played and now watching the falling channel,

and yes agree gbp data will be very interesting, possible already pricing in now
Interesting. I would have been so annoyed if I had traded the head and shoulders pattern for a short term trade on relatively higher leverage

I think a point for consideration is that the fall is due to a strengthening USD ( i got this from the correlation with the EU, AU, GU, NZD/USD ) and the news alert will affect the GBP/USD itself and not the other charts.

Please feel free to correct me if the logic is wrong, after all I am a student
Even the worst trade can close with profit. Just give it time.
  • #701,765
  • Oct 3, 2012 2:17am Oct 3, 2012 2:17am
Aussie cant decide whether to break 1.0200 I'd be watching it if you not already
Even the worst trade can close with profit. Just give it time.
  • #701,766
  • Oct 3, 2012 2:22am Oct 3, 2012 2:22am
Well that was no fun
Attached Image (click to enlarge)
Click to Enlarge Name: spike eu.jpg Size: 171 KB
Attached Image
Even the worst trade can close with profit. Just give it time.
  • #701,767
  • Oct 3, 2012 2:23am Oct 3, 2012 2:23am
Quoting kuroro001
Out of my shorts from 43-53-66...buyers are lurking around
Waiting mode now...even though it can go to 1,2875 & 45
Nice
Even the worst trade can close with profit. Just give it time.
  • #701,768
  • Oct 3, 2012 2:23am Oct 3, 2012 2:23am
Quoting forexings
Bear must break 2875 this week to recover its ground that it lost yesterday.
Above 2875, all down pips are helping the bull.
Was a hard attempt toward that area and 1st rejection was very quick.
Waiting for another slow attempt if 2929 remain intact
You cannot learn better without losing
  • #701,769
  • Oct 3, 2012 2:24am Oct 3, 2012 2:24am
It is time for bulls to get ready to jump up
  • #701,770
  • Oct 3, 2012 2:29am Oct 3, 2012 2:29am
morning,

new short from 94 SL 06
  • #701,771
  • Oct 3, 2012 2:30am Oct 3, 2012 2:30am
Quoting MaxDoom
morning,

new short from 94 SL 06
im short 92.
Even the worst trade can close with profit. Just give it time.
  • #701,772
  • Oct 3, 2012 2:31am Oct 3, 2012 2:31am
Quoting John Gray
this short has been in for a month
Nice short, RBA cuts interest rate, could hold short one month more.
Always account for variable change..
  • #701,773
  • Oct 3, 2012 2:32am Oct 3, 2012 2:32am
Quoting John Gray
Nice
Too many buyers above 1,2880....if we go below it, let's around 1,2850 i'll put myslelf into "buying dip mode" until 1,3040 minimum (daily level to me).

I may consider buying above 1,2910 depending on this hour.
I've missed the bottom sad thing
COT: The precious data ignored
  • #701,774
  • Oct 3, 2012 2:34am Oct 3, 2012 2:34am
watch low-2011.
Quoting kuroro001
Too many buyers above 1,2880....if we go below it, let's around 1,2850 i'll put myslelf into "buying dip mode" until 1,3040 minimum (daily level to me).

I may consider buying above 1,2910 depending on this hour.
I've missed the bottom sad thing
not euphoria follower
  • #701,775
  • Oct 3, 2012 2:35am Oct 3, 2012 2:35am
Quoting KiwiTrada
this is falling channel not the neatest, but previous low is my next target if bears still on board, the circles is still on chart I posted when head was forming, although it didnt play out precise, with the right shoulder popping a second time, it effectively has played and now watching the falling channel,

and yes agree gbp data will be very interesting, possible already pricing in now
I'll buy GBP hard if this hour can close above 1,6108 (lows of 01/10)..but better if above 1,6113 (H1 close corresponding to that low)

Otherwise side line
COT: The precious data ignored
  • #701,776
  • Oct 3, 2012 2:36am Oct 3, 2012 2:36am
some one in this forum said once very rightly

"the men who are right and sit tight are uncommon"

well said who ever said this
Learning Requires Failure
  • #701,777
  • Oct 3, 2012 2:38am Oct 3, 2012 2:38am
Quoting kuroro001
Too many buyers above 1,2880....if we go below it, let's around 1,2850 i'll put myslelf into "buying dip mode" until 1,3040 minimum (daily level to me).

I may consider buying above 1,2910 depending on this hour.
I've missed the bottom sad thing
Agreed. I have entered a small lot at 1.2880. But based on PA, if it closes above 1.2890 that might pave way for 1.2910 in a short period.
  • #701,778
  • Oct 3, 2012 2:39am Oct 3, 2012 2:39am
Quoting John Gray
Interesting. I would have been so annoyed if I had traded the head and shoulders pattern for a short term trade on relatively higher leverage

I think a point for consideration is that the fall is due to a strengthening USD ( i got this from the correlation with the EU, AU, GU, NZD/USD ) and the news alert will affect the GBP/USD itself and not the other charts.

Please feel free to correct me if the logic is wrong, after all I am a student
nope you correct, co relation can be very helpful, the prs you watching I do too, have for many years, sdaly they are not presently in sync, its been a couple of months sine they were :-( they are most helpful when in sync, however, i agree there has been brief signs of usd strentgh however with so much manipulation, lately really have to take eu with a grain of salt, co relative wise, sometime pa indicates rally, she go down, dip, she go up, pr doing nothing, she go up and/or down, she has been very hard to get a grip of.
Like killer and mohan I been looking other prs, mainly cad prs, they seem a little more stabe, and along with cable kiwi and aussie for now anyway.
For my read eu I been watching swissy, eu seem to be really random lately, I so miss pre 2008 pa, was nothing like this crap:-(

as for au her twin still has some fresh air below I no new trades until brit data tho
If you are new to Forex? Say Goodbye to your account!!
  • #701,779
  • Oct 3, 2012 2:41am Oct 3, 2012 2:41am
Quoting iqyu5an
watch low-2011.
I got 1,2873....okay hence the buyers then.
Thanks for the info
COT: The precious data ignored
  • #701,780
  • Oct 3, 2012 2:43am Oct 3, 2012 2:43am
euro seems stronger than others...
Patience, Emotion Control and Discipline.
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