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  • #17,621
  • Dec 3, 2012 2:26pm Dec 3, 2012 2:26pm
Quoting kerrydrake
90% Money management , 5% Technical, 5% Fundamental, Keeping your emotions in check Emotion Management is the other 100%. When you grow confidence in your system, then all will be well.
For day trader 50% money management 50% tehnical 0% fundamental.
  • #17,622
  • Dec 3, 2012 2:34pm Dec 3, 2012 2:34pm
I think a lot of debates that we've had in the past month will be resolved today^^
  • #17,623
  • Dec 3, 2012 2:38pm Dec 3, 2012 2:38pm
Quoting maximmm
I think a lot of debates that we've had in the past month will be resolved today^^
hehehe, yeah we might finally get a direction after this.
  • #17,624
  • Dec 3, 2012 2:43pm Dec 3, 2012 2:43pm
Quoting maximmm
I think a lot of debates that we've had in the past month will be resolved today^^
and we will hear ppl say "i told you so"
  • #17,625
  • Dec 3, 2012 2:44pm Dec 3, 2012 2:44pm
Quoting HelloOz
and we will hear ppl say "i told you so"
Not me
All my views were very short term. And I was honest about that I don't have a long term view at the moment. Just playing the levels step for step
  • #17,626
  • Dec 3, 2012 3:04pm Dec 3, 2012 3:04pm
I think the direction we'll get today is somewhat short term - this being December and all. Whichever way Aud goes, it will likely retrace the move in a few days after the fact. Still, the move we'll get today should be fairly big in size and lead to some volatility thereafter.
  • #17,627
  • Dec 3, 2012 3:16pm Dec 3, 2012 3:16pm
Quoting maximmm
I think the direction we'll get today is somewhat short term - this being December and all. Whichever way Aud goes, it will likely retrace the move in a few days after the fact. Still, the move we'll get today should be fairly big in size and lead to some volatility thereafter.
Seems to me the majority of this thread including you is waiting to short at 2230 EST.
daddybearforex. com
  • #17,628
  • Dec 3, 2012 3:46pm Dec 3, 2012 3:46pm
Quoting Tim_isoara
For day trader 50% money management 50% tehnical 0% fundamental.
I agree with that also, If you have a Technical system that you are confident in, like entering after the first retrace on a reversal, the money management is no longer an issue when you are hitting trades that never go negative pips.
  • #17,629
  • Dec 3, 2012 3:49pm Dec 3, 2012 3:49pm
Quoting dbutton1990
if there is no rate cut, I see aud/usd skyrocketing
Beware of a large drop first to clear stops before it goes long then.
  • #17,630
  • Dec 3, 2012 3:50pm Dec 3, 2012 3:50pm
Quoting DaddyBear
Seems to me the majority of this thread including you is waiting to short at 2230 EST.
Ah, I hope so, because if we all pull our forces together, we can bring aud to 0.60 in one day!! Never doubt the might of retail traders!!^^
  • #17,631
  • Dec 3, 2012 3:57pm Dec 3, 2012 3:57pm
Quoting maximmm
Ah, I hope so, because if we all pull our forces together, we can bring aud to 0.60 in one day!! Never doubt the might of retail traders!!^^
rofl
  • #17,632
  • Dec 3, 2012 3:58pm Dec 3, 2012 3:58pm
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=1032f1e2-f91f-468b-846c-e08c657b7784

Reading this - the problem with this analysis is that the reaction to rate cut or lack of rate cut very much depends on where aud is at the moment of the rate decision. If aud reaches 1.0470 just prior to rate cut, the move down will be by far more significant than 30 pips - likewise, a lack of rate cut could cause aud to move above 1.05, depending on aud's level at the moment.
  • #17,633
  • Dec 3, 2012 4:12pm Dec 3, 2012 4:12pm
Quoting maximmm
Ah, I hope so, because if we all pull our forces together, we can bring aud to 0.60 in one day!! Never doubt the might of retail traders!!^^

You should stop trading forex as long as you don't know that when most of you enter short, your broker usually enters long in the real market.
  • #17,634
  • Dec 3, 2012 4:15pm Dec 3, 2012 4:15pm
Quoting maximmm
Ah, I hope so, because if we all pull our forces together, we can bring aud to 0.60 in one day!! Never doubt the might of retail traders!!^^
maximmm, this is hilarious! Almost as funny as what I heard on CNBC today about the fiscal cliff crisis, "What we need is the holiday spirit to get this deal done." I can just see Santa Clause coming to the rescue with a huge bag of money.

Happy Trades,
fxstir
  • #17,635
  • Dec 3, 2012 4:25pm Dec 3, 2012 4:25pm
If there is no rate cut, the price will go one direction and one direction only - up. There will be no drop before rise because too many people like me will be buying.
  • #17,636
  • Dec 3, 2012 4:32pm Dec 3, 2012 4:32pm
Building Approval -7.6%
daddybearforex. com
  • #17,637
  • Dec 3, 2012 4:32pm Dec 3, 2012 4:32pm
Quoting valent1ne
You should stop trading forex as long as you don't know that when most of you enter short, your broker usually enters long in the real market.
I shall stop trading upon your recommendation, thanks. Ah, humour and internet - they do not work well together.
  • #17,638
  • Dec 3, 2012 4:33pm Dec 3, 2012 4:33pm
Quoting maximmm
I shall stop trading upon your recommendation, thanks. Ah, humour and internet - they do not work well together.
N'sync song
baby bye bye bye.. buy buy buy
  • #17,639
  • Dec 3, 2012 4:34pm Dec 3, 2012 4:34pm
Quoting fxstir
maximmm, this is hilarious! Almost as funny as what I heard on CNBC today about the fiscal cliff crisis, "What we need is the holiday spirit to get this deal done." I can just see Santa Clause coming to the rescue with a huge bag of money.

Happy Trades,
fxstir
I'm surprised they did not invoke a daily prayer - though I suspect that would be the case with Fox news^^ Right after 'it's all Obama's fault'.
  • #17,640
  • Dec 3, 2012 4:37pm Dec 3, 2012 4:37pm
Quoting DaddyBear
Building Approval -7.6%
rate cut is in the cards - it's a done deal, yet I do think we'll see a fairly large short covering prior to the rate decision, thus a spike to 1.0450 and possibly above -
That will also mean that the rate cut will cause a move lower that much larger - 100 pips or so
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