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  • #13,401
  • Nov 14, 2012 6:42pm Nov 14, 2012 6:42pm
I don't think AUD/USD is going lower than 1,0330-1,0300, but I'm still waiting to enter. Meanwhile, I'm long AUD/NZD.
  • #13,402
  • Nov 14, 2012 6:44pm Nov 14, 2012 6:44pm
Quoting Daytrader74
Safe trade?? it just keeps on going further down papa...the ship is sinking
It all depends on how much he has exposed. In other words how much margin remains. That is not the real problem however. The real problem is how much time will it take to recover? Averaging down can be useful, but it can also be the spear that goes through the heart. Sure you can hold for a year or two and ultimately profit, but you tied up all that margin when it could of been used to achieve a much higher return. And I know some will say, "but I get paid interest". The interest is garbage. Just like the interest you pay out is very small compared to the profit when you take the opposite side. And the payout is less than the charge, so even more miniscule. With that said, it could work out IF the drawdown doesn't take months to recover. Who's one to say who is right or wrong?
  • #13,403
  • Nov 14, 2012 6:45pm Nov 14, 2012 6:45pm
any veteran of this pair here?
The Phoenix Trader....
  • #13,404
  • Nov 14, 2012 6:47pm Nov 14, 2012 6:47pm
Quoting Daytrader74
Safe trade?? it just keeps on going further down papa...the ship is sinking
My system gives me a signal that the bottom is right at the corner. I use H1 for reference. I scaled in to build up my positions. This is a very nice trade to me. I will sleep like a baby tonight.
daddybearforex. com
  • #13,405
  • Nov 14, 2012 6:48pm Nov 14, 2012 6:48pm
Quoting sunilpawar
any veteran of this pair here?
Those are retired, drinking cocktails on a beach.
  • #13,406
  • Nov 14, 2012 6:49pm Nov 14, 2012 6:49pm
Quoting Daytrader74
Not sure why but papa keeps buying more, he must have very deep pockets
I don't have deep pocket but a mature mindset. Trading involves risks. I am confident about my trade.
daddybearforex. com
  • #13,407
  • Nov 14, 2012 6:50pm Nov 14, 2012 6:50pm
Quoting DaddyBear
I will sleep like a baby tonight.
Babies wake up and cry alot, haha.

Just making a joke my friend.
  • #13,408
  • Nov 14, 2012 6:51pm Nov 14, 2012 6:51pm
Quoting 2+2=4ex
Babies wake up and cry alot, haha.

Just making a joke my friend.
this is so true.. i have a newborn and i can confirm that
  • #13,409
  • Nov 14, 2012 6:51pm Nov 14, 2012 6:51pm
Quoting sunilpawar
any veteran of this pair here?
I'm a vetran of the forex war
  • #13,410
  • Nov 14, 2012 6:52pm Nov 14, 2012 6:52pm
Quoting HelloOz
ready to scalp for 20pips from here..
dangerous play tho..
1st target 1.0374
  • #13,411
  • Nov 14, 2012 6:54pm Nov 14, 2012 6:54pm
my stop is at 1.0372 - I too want to sleep like a baby tonight^^
  • #13,412
  • Nov 14, 2012 6:54pm Nov 14, 2012 6:54pm
Quote
No definitive reports yet of who is buying, but there is plenty of AUD changing hands around 1.0350. AUD/JPY is holding above 83.00 and we may see a mild rally once the Tokyo Fix is over in 10 minutes or so.

From: http://www.fxstreet.com/news/forex-news/article.aspx?storyid=7b59d450-bd37-4fae-990c-cd2b939a436c
  • #13,413
  • Nov 14, 2012 6:56pm Nov 14, 2012 6:56pm
Quoting maximmm
my stop is at 1.0372 - I too want to sleep like a baby tonight^^
Are you shorting? Good luck to you.
daddybearforex. com
  • #13,414
  • Nov 14, 2012 6:59pm Nov 14, 2012 6:59pm
Quoting DaddyBear
Are you shorting? Good luck to you.
with a tight stop - no worries^^
  • #13,415
  • Nov 14, 2012 7:00pm Nov 14, 2012 7:00pm
Quoting maximmm
with a tight stop - no worries^^
hmm.. my target price will be your stop
  • #13,416
  • Nov 14, 2012 7:01pm Nov 14, 2012 7:01pm
Quoting DaddyBear
Are you shorting? Good luck to you.
daddy, there are 67 traders viewing this thread,
if 60 of them listen to you, we have 60 babies sleeping peacefully at night.
  • #13,417
  • Nov 14, 2012 7:02pm Nov 14, 2012 7:02pm
Quoting HelloOz
daddy, there are 67 traders viewing this thread,
if 60 of them listen to you, we have 60 babies sleeping peacefully at night.
can you draw 60 bubs sleeping and with you on the middle?
  • #13,418
  • Nov 14, 2012 7:02pm Nov 14, 2012 7:02pm
When I saw the reaction in this forum after last drop, I was wondering what's going on here. I had no fear when it dropped because I wanted to buy more at lower level. It was a second chance to buildup positions. Now, I am in green again and looking forward to gain more than 100 pips tonight.
daddybearforex. com
  • #13,419
  • Nov 14, 2012 7:05pm Nov 14, 2012 7:05pm
Quoting HelloOz
daddy, there are 67 traders viewing this thread,
if 60 of them listen to you, we have 60 babies sleeping peacefully at night.
Last week I went to bed twice without power but with open positions much worse than this trade. The following two mornings I took 100 pips from each trade.
daddybearforex. com
  • #13,420
  • Nov 14, 2012 7:05pm Nov 14, 2012 7:05pm
Quoting DaddyBear
When I saw the reaction in this forum after last drop, I was wondering what's going on here. I had no fear when it dropped because I wanted to buy more at lower level. It was a second chance to buildup positions. Now, I am in green again and looking forward to gain more than 100 pips tonight.
is that 100 pips in positive or negative territory?^^
16 traders viewing now