- #56,203
- Nov 12, 2012 1:44am Nov 12, 2012 1:44am
- | Commercial User | Joined May 2012 | 3,285 Posts
weeee this e/a is killing it right now
You still holding positions from the past few weeks Domino?
- #56,204
- Nov 12, 2012 1:45am Nov 12, 2012 1:45am
- Joined Apr 2009 | Status: Trader | 1,438 Posts
Yeaaaa!!!! E/A and G/A are moving nicely in OUR favor!
You still holding positions from the past few weeks Domino?
- #56,205
- Nov 12, 2012 1:46am Nov 12, 2012 1:46am
- Joined Mar 2007 | Status: Symbol | 2,788 Posts
FF journal: Peaks and Troffs
- #56,210
- Nov 12, 2012 2:16am Nov 12, 2012 2:16am
- | Joined Dec 2011 | Status: Trader | 1,581 Posts
Any prices quoted are futures
- #56,211
- Nov 12, 2012 2:21am Nov 12, 2012 2:21am
- | Commercial User | Joined May 2012 | 3,285 Posts
everytime I look at that chart of the daily all panned out.. something in the back of my mind screams holy shit grab your dick and hold on its time for a flash crash.......
It takes alot of energy not to pull out my positions
price action screams falling momentum.. waves compression and support zone.. high debt loads and unrecoverable crisis stretched out over years
This is what I am hoping to have open if/when the next crash comes:
Long GBP/AUD
Long EUR/AUD
Short AUD/USD
Short AUD/JPY
- #56,213
- Nov 12, 2012 2:31am Nov 12, 2012 2:31am
- Joined Apr 2009 | Status: Trader | 1,438 Posts
Yea I know what you mean. Looking at 2008 charts it is clear that if/when we experience another "crash" or financial crisis, EUR/AUD will shoot up BIG TIME! However, I am pretty confident we will retest 1.16 before then. At that time I will more than likely be long for the next month or two, and hopefully we can experience another financial crisis of some kind.
This is what I am hoping to have open if/when the next crash comes:
Long GBP/AUD
Long EUR/AUD
Short AUD/USD
Short AUD/JPY
Ill be trading the pairs with narrow Interest rate differentials so it doesnt cost me a fortune to hold them against rates <-- and thats what kept me alive and profitable through late 08 early 09 before watch those inflation rate differentials
- #56,218
- Nov 12, 2012 3:43am Nov 12, 2012 3:43am
- | Commercial User | Joined May 2012 | 3,285 Posts
Why the thread so peaceful?
Watching news about Greece and E/A might bounce.
Hmmm....not too sure. Does seem a little quieter than normal around here though...
I wouldn't mind a nice bounce with E/A or G/A. It would give me a chance to scale in another position for each of those pairs. However, I would prefer to see 1.22 broken and confirmed on another daily candle before retracing back up to test 1.22 as resistance.
- #56,219
- Nov 12, 2012 3:47am Nov 12, 2012 3:47am
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
Hmmm....not too sure. Does seem a little quieter than normal around here though...
I wouldn't mind a nice bounce with E/A or G/A. It would give me a chance to scale in another position for each of those pairs. However, I would prefer to see 1.22 broken and confirmed on another daily candle before retracing back up to test 1.22 as resistance.
- #56,220
- Nov 12, 2012 3:55am Nov 12, 2012 3:55am
- | Commercial User | Joined May 2012 | 3,285 Posts
I watch too much news and it's giving me doubt and use trailing. Many of the positions stopped out otherwise I'd be rich from the positive swap for E/A.
I'm really only interested in MAJOR support and resistance which is found on weekly and monthly charts, not intraday S&R levels. The weekly support/resistance are the points where price tends to gravitate to due to supply and demand. This is why I am set on 1.17 for E/A.
Take a look at the October monthly candles for G/A and E/A. Shooting star was confirmed at the close of October's monthly candle for both E/A and G/A after price bounced perfectly off of weekly/monthly resistance zones. Perfect setup...
Now we are testing the only real support area before heading back down to 1.17 (E/A) and 1.47 for G/A.
**By the way, I now refuse to watch the news when trading FOREX now, it doesn't really change the overall trend when looking at Monthly and even Weekly patterns. It's only noise...