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Aussie Trading Room and Cartoons Gallery

  • #19,461
  • Dec 11, 2012 2:51pm Dec 11, 2012 2:51pm
Closed long for 58 pips. Short now. Target 1.0494
Good luck and may the odds be ever in your favor!
  • #19,462
  • Dec 11, 2012 2:52pm Dec 11, 2012 2:52pm
Quoting maximmm
waiting for reversal - maybe next year...^^

Tomorrow should be quite volatile
What reversal? Which TF?
daddybearforex. com
  • #19,463
  • Dec 11, 2012 2:52pm Dec 11, 2012 2:52pm
Quoting HelloOz
Steady fall.
Some retracement up but overall trend is down
Im on the road. Will post more later
Seems to me that 1.0360 is a point where one should sell, not where one should close shorts @@
1.0360 being below the uptrend line
  • #19,464
  • Dec 11, 2012 2:53pm Dec 11, 2012 2:53pm
Quoting DaddyBear
What reversal? Which TF?
Daily/4hour - when I say waiting, it means waiting - since it's not yet happening^^
  • #19,465
  • Dec 11, 2012 2:56pm Dec 11, 2012 2:56pm
Quoting dbutton1990
Closed long for 58 pips. Short now. Target 1.0494
Why 1.0494 not 1.0366 [HOz's target]?
daddybearforex. com
  • #19,466
  • Dec 11, 2012 3:00pm Dec 11, 2012 3:00pm
Quoting DaddyBear
Why 1.0494 not 1.0366 [HOz's target]?
Because this sub ab(from 1.0460 to 1.0530) is headed to its c. Usually the 618 which in this case is 1.0484. I set my tp for 10 pips in front. 1.0366 is highly unlikely at this time.
Good luck and may the odds be ever in your favor!
  • #19,467
  • Dec 11, 2012 3:00pm Dec 11, 2012 3:00pm
Quoting Tim_isoara
Targets for shorts?
This is a stubborn bull. I closed my eur:jpy trade. My first target for aud:usd is 1.0504 but it couldn't break and stay below 1.0514. If it goes back to 1.0530 I will close out and wait to short again above 1.0550 and again at 1.0563.

At this point I am not entering any swing or position trades. If the US goes over the fiscal cliff, I suspect the usd will become stronger because the govt. will be forced to cut spending. At this point I will watch how the markets react before loading up again.

Happy Trades,
fxstir
Attached Image (click to enlarge)
Click to Enlarge Name: 121112 audusd h1.gif Size: 19 KB
  • #19,468
  • Dec 11, 2012 3:03pm Dec 11, 2012 3:03pm
Quoting dbutton1990
Because this sub ab(from 1.0460 to 1.0530) is headed to its c. Usually the 618 which in this case is 1.0484. I set my tp for 10 pips in front. 1.0366 is highly unlikely at this time.
Do you have a chart?
daddybearforex. com
  • #19,469
  • Dec 11, 2012 3:05pm Dec 11, 2012 3:05pm
Quoting DaddyBear
Do you have a chart?
Here you go
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 119 KB
Good luck and may the odds be ever in your favor!
  • #19,470
  • Dec 11, 2012 3:06pm Dec 11, 2012 3:06pm
Quoting dbutton1990
Here you go
C should be 1.0487 not 1.0484. sorry.
Good luck and may the odds be ever in your favor!
  • #19,471
  • Dec 11, 2012 3:08pm Dec 11, 2012 3:08pm
Quoting DaddyBear
Why 1.0494 not 1.0366 [HOz's target]?
Because he believes aussie will go to 1.060
Short to 61.8 then reenter long
  • #19,472
  • Dec 11, 2012 3:10pm Dec 11, 2012 3:10pm
Quoting HelloOz
Because he believes aussie will go to 1.060
Short to 61.8 then reenter long
I believe Aussie will go well beyond 1.06
Good luck and may the odds be ever in your favor!
  • #19,473
  • Dec 11, 2012 3:35pm Dec 11, 2012 3:35pm
market is expecting Bernanke to print one trillion dollars tomorrow!^^
  • #19,474
  • Dec 11, 2012 3:38pm Dec 11, 2012 3:38pm
Quoting DaddyBear
Do you think 1.0533 is the top for next few months or years?
This is going to be a very bad day for me
  • #19,475
  • Dec 11, 2012 3:56pm Dec 11, 2012 3:56pm
Quoting HelloOz
This is going to be a very bad day for me
Why is that? Are you in a position? Do you have a SL? If your uncomfortable with your trade close it and regroup
Good luck and may the odds be ever in your favor!
  • #19,476
  • Dec 11, 2012 3:57pm Dec 11, 2012 3:57pm
Quoting dbutton1990
Why is that? Are you in a position? Do you have a SL? If your uncomfortable with your trade close it and regroup
Yeap. shorting.. but not sure if 1.0533 will hold..
  • #19,477
  • Dec 11, 2012 3:57pm Dec 11, 2012 3:57pm
http://www.youtube.com/watch?v=4N3N1MlvVc4
  • #19,478
  • Dec 11, 2012 3:59pm Dec 11, 2012 3:59pm
Quoting dbutton1990
Why is that? Are you in a position? Do you have a SL? If your uncomfortable with your trade close it and regroup

He's probably already down over 10% (realized or not) and fast on board the pain train. Best to take the wounds and jump off now. I may short.......actually hmm? BUt yet the SSI says retail is already shorting 4:1......so Yeah......I probably will stay out until there's a confirmation beyond just "oh a resistance or fib level is coming up"......that's poppy cock talk
  • #19,479
  • Dec 11, 2012 4:14pm Dec 11, 2012 4:14pm
Quoting lolygagv2
He's probably already down over 10% (realized or not) and fast on board the pain train. Best to take the wounds and jump off now. I may short.......actually hmm? BUt yet the SSI says retail is already shorting 4:1......so Yeah......I probably will stay out until there's a confirmation beyond just "oh a resistance or fib level is coming up"......that's poppy cock talk
we will see,
thanks for your input fund manager
  • #19,480
  • Dec 11, 2012 4:33pm Dec 11, 2012 4:33pm
Quoting HelloOz
we will see,
thanks for your input fund manager
now 1.0565 may be in the cards before possible reversal..

as for legit reversal signal, if this super rocket is to ever take off for the depth of the earth, it needs to go below 1.04 - only then 1.015 is likely
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