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  • #55,921
  • Nov 7, 2012 1:18am Nov 7, 2012 1:18am
Quoting 100PipsADay
FxTyrant,

I'm sorry for your paper losses, but to be honest, you wouldn't have to worry about getting criticized if you didn't come off the way you do. Your presentation is often times condescending and criticizing of others if their theories/analysis doesn't match with yours. If you don't want your head to get chopped off, don't put your neck on the line...

Remember, we all make mistakes and none of us can know everything all the time. So if we don't come off like we know everything then we don't have to worry about getting criticized as all...
Hey i never said i know everything.... i only point out the reasons for my view be it Incredibly biased or not... the reason why i need to bias my view is simply to help me in convinction... Once im in, im in.... i cant have doubts in myself... and right now... looking at charts.... theres a strong correlation of Australia's Downward interest rates and the Australia's Downward trend since the TOp at 1.08....
Along with JP's Analysis. i am still bearish... problem is i trade the daily, weekly and monthly chart... and i have to admit... i might've jumped the gun big time shorting around 1.03.... but think abotu this... we're still only 200 pips-ish above 1.03.... but the potential if a breakout happen to the downside.... is to reach 0.95... so unless im mistakening , the risk reward is there for me to be Biased bearish....

Sorry if i come across as if i know everything, i never proclaimed i know anything... its just im reading the chart as best as possible to see reasons to support my theory... otherwise id be cutting my trade positions in losses way too early....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #55,922
  • Nov 7, 2012 1:24am Nov 7, 2012 1:24am
Quoting fxtyrant
Hey i never said i know everything.... i only point out the reasons for my view be it Incredibly biased or not... the reason why i need to bias my view is simply to help me in convinction... Once im in, im in.... i cant have doubts in myself... and right now... looking at charts.... theres a strong correlation of Australia's Downward interest rates and the Australia's Downward trend since the TOp at 1.08....
Along with JP's Analysis. i am still bearish... problem is i trade the daily, weekly and monthly chart... and i have to admit... i might've...
I understand what you're saying as I also trade Daily and Weekly charts. I decided to cut losses and look for a new trade (AUD/JPY) until AUD/USD was ready to short again. I didn't feel comfortable holding short positions after looking at the weekly chart roughly 2 weeks ago.

I'm still leaning towards 1.058, but I'll need to see how price reacts once we get to that point.

Good luck with your trades man
  • #55,923
  • Nov 7, 2012 1:27am Nov 7, 2012 1:27am
Quoting 100PipsADay
I understand what you're saying as I also trade Daily and Weekly charts. I decided to cut losses and look for a new trade (AUD/JPY) until AUD/USD was ready to short again. I didn't feel comfortable holding short positions after looking at the weekly chart roughly 2 weeks ago.

I'm still leaning towards 1.058, but I'll need to see how price reacts once we get to that point.

Good luck with your trades man
Dont worry bout my trades buddy, still managable... usually at these sort of danger zones i look to crosses to try to hedge my positions until things start to resolve...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #55,924
  • Nov 7, 2012 1:37am Nov 7, 2012 1:37am
Quoting jplazard
Now that the election is over what major event's do you guys see in the coming 2013 year?


I say there will be a spike in commodities and gold on Armageddon talk and hype?

Ben will increase MBS purchases?

Greece will look to options and even leave the Euro given the whispers in Europe on waiting until after elections?

Donald Trump will off 10Mil to Obama's charity of choice next week on releasing his University transcripts and Passport in kicking off the second term.
I see next 12 months of bull market in resources. There is more countries stimulating. Forget china. And true leaders are afraid that they may lose privileged position and more. So they will order print and cut their margins for leading the world, temporarily.

When this will reverse is when AUD will reverse. 1.06,1.1,1.2,1.4, 2 or more ? Duno, but I am watching closely!
  • #55,925
  • Nov 7, 2012 1:39am Nov 7, 2012 1:39am
I think it is now safe to say that 83.50 resistance is broken and confirmed.

Next major resistance for AUD/JPY is 89.00 so I will look to close out all of my A/J longs at about 87.50 - 88.00 just to be safe.

Looking to scale in more positions on pull back when Williams % shows "over sold" on the H1 time frame.

Currently up about 1,200 pips on all open positions, just waiting for GBP/JPY to catch up!

Green pips to all!
  • #55,926
  • Nov 7, 2012 1:44am Nov 7, 2012 1:44am
Next quick short opp which I will take if we are at these level before unemployment comes out. Quick trade though no position I need to get the stench of a loss out of my head.
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  • #55,927
  • Nov 7, 2012 1:47am Nov 7, 2012 1:47am
Quoting 100PipsADay
I think it is now safe to say that 83.50 resistance is broken and confirmed.

Next major resistance for AUD/JPY is 89.00 so I will look to close out all of my A/J longs at about 87.50 - 88.00 just to be safe.

Looking to scale in more positions on pull back when Williams % shows "over sold" on the H1 time frame.

Currently up about 1,200 pips on all open positions, just waiting for GBP/JPY to catch up!

Green pips to all!
FF journal: Peaks and Troffs
  • #55,928
  • Nov 7, 2012 1:47am Nov 7, 2012 1:47am
Quoting 100PipsADay
I think it is now safe to say that 83.50 resistance is broken and confirmed.

Next major resistance for AUD/JPY is 89.00 so I will look to close out all of my A/J longs at about 87.50 - 88.00 just to be safe.

Looking to scale in more positions on pull back when Williams % shows "over sold" on the H1 time frame.

Currently up about 1,200 pips on all open positions, just waiting for GBP/JPY to catch up!

Green pips to all!

well done. I enterd this trade at 8000 but exited too early due to my wife interfering . I can see your projections materializing.
  • #55,929
  • Nov 7, 2012 1:54am Nov 7, 2012 1:54am
Quoting macroman
well done. I enterd this trade at 8000 but exited too early due to my wife interfering . I can see your projections materializing.
Thanks MacroMan. Yea I got out early as well, but after seeing price action the way it was I decided to get in again.

Quoting bogus
Thanks Bogus!
  • #55,930
  • Nov 7, 2012 2:11am Nov 7, 2012 2:11am
Quoting 100PipsADay
I think it is now safe to say that 83.50 resistance is broken and confirmed.

Next major resistance for AUD/JPY is 89.00 so I will look to close out all of my A/J longs at about 87.50 - 88.00 just to be safe.

Looking to scale in more positions on pull back when Williams % shows "over sold" on the H1 time frame.

Currently up about 1,200 pips on all open positions, just waiting for GBP/JPY to catch up!

Green pips to all!
Hi 100Pips,
you are more disciplined than me, I'm constantly in and out with both AJ and CJ.
But we must remember, at least I reckon, that's Stulic who first gave 84.00 as target in short term and 89/90 for the next year, when every one called to short this. So I'll say congrats, 100pips for your discipline, and hats off Stulic for your forecast
Don't be smart. Be rich.
  • #55,931
  • Nov 7, 2012 2:16am Nov 7, 2012 2:16am
Quoting maximinus
Hi 100Pips,
you are more disciplined than me, I'm constantly in and out with both AJ and CJ.
But we must remember, at least I reckon, that's Stulic who first gave this target 89/90, when every one called to short this. So I'll say congrats, 100pips for your discipline, and hats off Stulic for your forecast
Thanks MaxiMinus!

I don't know of a member Stulic but I'm glad that he called the same number. He must be looking at Weekly/Monthly resistance zones.

One thing I want to remind everybody is that whether it is a trend line, candlestick pattern, or support/resistance zones, they ALL are more significant, meaningful, and important on the larger time frames.

This is why I ALWAYS go to my monthly and weekly charts and draw out significant "zones" of support and resistance for any pair I decide to trade.

Anyways, if you're reading, nice call Stulic! I'm glad your numbers are in confluence with mine...
  • #55,932
  • Nov 7, 2012 2:20am Nov 7, 2012 2:20am
Quoting 100PipsADay
Thanks MaxiMinus!

I don't know of a member Stulic but I'm glad that he called the same number. He must be looking at Weekly/Monthly resistance zones.

One thing I want to remind everybody is that whether it is a trend line, candlestick pattern, or support/resistance zones, they ALL are more significant, meaningful, and important on the larger time frames.

This is why I ALWAYS go to my monthly and weekly charts and draw out significant "zones" of support and resistance for any pair I decide to trade.

Anyways, if you're reading, nice...

PS: I'm currently short aud at 470.
Stulic is a grizzly, he knows his business. Kind and humble, not as some here who give lesson to every one .
Bravo to you for your discipline. I'm really unable of keeping position several days, weeks. A kick in the ass for me !
Don't be smart. Be rich.
  • #55,933
  • Nov 7, 2012 2:21am Nov 7, 2012 2:21am
http://www.theage.com.au/business/ma...107-28y2s.html
  • #55,934
  • Nov 7, 2012 2:23am Nov 7, 2012 2:23am
Quoting maximinus
PS: I'm currently short aud at 470.
Stulic is a grizzly, he knows his business. Kind and humble, not as some here who give lesson to every one .
Bravo to you for your discipline. I'm really unable of keeping position several days, weeks. A kick in the ass for me !
That's alright, as long as your system is working for you that's the main thing. I stand by that belief quite firmly.

Good luck with your shorts and enjoy the rest of your day MaxiMinus.
  • #55,935
  • Nov 7, 2012 2:25am Nov 7, 2012 2:25am
Quoting 100PipsADay
That's alright, as long as your system is working for you that's the main thing. I stand by that belief quite firmly.

Good luck with your shorts and enjoy the rest of your day MaxiMinus.
How are you mate? I am out of the aussie dollar now until it goes below 1.0380 or until it reaches 1.0600
  • #55,936
  • Nov 7, 2012 2:25am Nov 7, 2012 2:25am
Quoting Willow
more losses... hm

Hi, i'll stay here and i'll learn how to trade this pair, i will never give numbers any more, i'll listen carefully to every guy that has even 1 day more experience with this pair, RBA; i appologize, you don't manipulate, you just help your country from time to time, in a no other than a normal way and frequency...
This is for the strongest of the men.

Bulls can lift bears in case of necessity; i forgot that, lol

see loses happen to everyone.I was in profit till this obama news came.
  • #55,937
  • Nov 7, 2012 2:27am Nov 7, 2012 2:27am
Quoting fxtyrant
YOu know whats strange?? the crosses like AUDJPY, AUDCHF... are calling a bearish divergence..... thats technical demand for safer currency... i mean... investors know the JPY and CHF are easing... but there still great demand and doubts wether if a local government easing by those currency can offset global demand kicks in..... i think Aussie at this high level in currency strength might be losing out their Safe Haven Glitter to the Yen and the Swiss...
buddy why don't you give me up on aussie bear now. aussie is in bull market till weekly wedge of 1.0600 gets hit. will reassess aussie after that
  • #55,938
  • Nov 7, 2012 2:37am Nov 7, 2012 2:37am
Quoting thrishelle
http://www.theage.com.au/business/ma...107-28y2s.html
Interesting article. thanks for sharing.

I'm wondering if they are now printing even more money due to an increase in demand for their currency?

There is a major disconnect between the amount of money being created to support the global banking system and its ability to trigger real growth. Take Australia as an example. From May to June (2012), its money supply increased 4.8 percent, yet the economy contracted. The story was similar for others as you can see in the chart below.

Furthermore, Purchasing Managers Index (PMI) numbers show an increasing number of economies across the world are contracting.

http://images.moneyandmarkets.com/2467/table1s.gif

It is interesting to note that even though many economies are printing more and more money, they are still contracting. "Stimulus" is definitely a BIG reason for the RBA to print more money but it looks like there is an increasing demand for their currency now as well.

However, we must realize that even though the RBA expanded their money supply more than any other economy in terms of %, the Aussie is still outperforming many of the other currencies.

So this means that even though the RBA prints more money, it does not necessarily mean that the Aussie's value will decline as there are many other factors involved, with the biggest being that all of the other Central Banks are also printing and "stimulating" their economies.

ALL World Currencies Current Status: Racing to the bottom...
  • #55,939
  • Nov 7, 2012 2:40am Nov 7, 2012 2:40am
Quoting Nachiket
How are you mate? I am out of the aussie dollar now until it goes below 1.0380 or until it reaches 1.0600
Hey Nachiket,

I'm doing good, still holding onto my A/J longs until 87.50 - 88.00. AUD is definitely bullish at the moment and is outperforming just about every other currency out there so I will not look to short until the time is right.

Also short EUR/AUD since earlier today, targeting 1.17.

Crazy PA today with the US elections!
  • #55,940
  • Nov 7, 2012 2:50am Nov 7, 2012 2:50am
Quoting 100PipsADay
Hey Nachiket,

I'm doing good, still holding onto my A/J longs until 87.50 - 88.00. AUD is definitely bullish at the moment and is outperforming just about every other currency out there so I will not look to short until the time is right.

Also short EUR/AUD since earlier today, targeting 1.17.

Crazy PA today with the US elections!

yes precisely. since I don't like to long I am out of it till I see a short setup
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