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  • #28,181
  • Feb 27, 2013 6:57pm Feb 27, 2013 6:57pm
Quoting ShadowZ
Good point but this pair is on bearish mode since the beginning of the month and a bad news like this shouldn't send it higher... This movement is really unpredictable
The paradox of aussie, and for me this is the start...i will go long...all the way up.
  • #28,182
  • Feb 27, 2013 7:02pm Feb 27, 2013 7:02pm
Quoting well0143
that is my goal trade with higher probability with high profit low loss and stop being reckless
you are doing very well Mr Bond.
Keep it up..
  • #28,183
  • Feb 27, 2013 7:06pm Feb 27, 2013 7:06pm
jumped out with 32pips
  • #28,184
  • Feb 27, 2013 7:15pm Feb 27, 2013 7:15pm
Hi Kinda new to the Aussie stuff here. Was wondering why, on such terrible news, the AUD/JPY would take off in the opposite direction like this. Thoughts? Thanks in advance.
  • #28,185
  • Feb 27, 2013 7:19pm Feb 27, 2013 7:19pm
great go to the store for a minute and we get another drop and pop...this time it got me...oh well I guess you can't win them all...lol....is it short scalp time...???..
  • #28,186
  • Feb 27, 2013 7:22pm Feb 27, 2013 7:22pm
Aussie is unstoppable now... 70++ pips up in Asian session with a bad news as a trigger... It seems like 1.0180 is a very strong support, I thought it should be around 1.0150...
  • #28,187
  • Feb 27, 2013 7:23pm Feb 27, 2013 7:23pm
Quoting petehnm
great go to the store for a minute and we get another drop and pop...this time it got me...oh well I guess you can't win them all...lol....is it short scalp time...???..
getting more interesting doesnt it???

1.028 is not that far afterall
  • #28,188
  • Feb 27, 2013 7:29pm Feb 27, 2013 7:29pm
Quoting HelloOz
getting more interesting doesnt it???

1.028 is not that far afterall
at this rate 1.03 is in the cards...
  • #28,189
  • Feb 27, 2013 7:35pm Feb 27, 2013 7:35pm
Quoting Goldflake
We are going higher boys. fasten seat belts.
Posted this exactly 25 hours back and they did it in no time.
When Scalpers win, I lose and Vice varsa...
  • #28,190
  • Feb 27, 2013 7:54pm Feb 27, 2013 7:54pm
Quoting Sojourner777
Hi Kinda new to the Aussie stuff here. Was wondering why, on such terrible news, the AUD/JPY would take off in the opposite direction like this. Thoughts? Thanks in advance.
All pairs trade like this. This is why you don't trade news and wait for the correct direction to appear........
The More You Learn, The More You Earn.....
  • #28,191
  • Feb 27, 2013 8:01pm Feb 27, 2013 8:01pm
Thanks ForexAlien

Quoting forexalien
All pairs trade like this. This is why you don't trade news and wait for the correct direction to appear........
  • #28,192
  • Feb 27, 2013 8:06pm Feb 27, 2013 8:06pm
What bad news did I miss while I was away?, I shorted the aussie this morning and then come back now and it has taken off up
Quoting ShadowZ
Aussie is unstoppable now... 70++ pips up in Asian session with a bad news as a trigger... It seems like 1.0180 is a very strong support, I thought it should be around 1.0150...
  • #28,193
  • Feb 27, 2013 8:11pm Feb 27, 2013 8:11pm
Private Capital Expenditure which appeared to be very bad but the market responded it on the contrary direction lol... 2 times it dipped to 197 and 2 times it shot up... And the second one is even higher... I think if it can close at 1.03xx this week, then next week can be a bullish week for Aussie...
  • #28,194
  • Feb 27, 2013 8:13pm Feb 27, 2013 8:13pm
Kinda crazy end of the month flows...

Makes you wonder if the same real money accounts that have to balance their books at the end of the month also influence the news that gets released. Why not through some money around and spin the news to drive the markets. Maybe it's just a coincidence and I had too many energy drinks.

Was wondering if anyone else is considering selling EUR/USD and buying USD/CAD to hedge their AUD/USD long? I took most of the profits from this morning and plan on letting the rest go with stops at break-even.
Inside Forex Trading Gives You The Edge To Succeed.
  • #28,195
  • Feb 27, 2013 8:18pm Feb 27, 2013 8:18pm
Quoting arcticwolf
What bad news did I miss while I was away?, I shorted the aussie this morning and then come back now and it has taken off up
Just an hour - 20 minutes ago I was asking about you.............Welcome back..........
The More You Learn, The More You Earn.....
  • #28,196
  • Feb 27, 2013 8:29pm Feb 27, 2013 8:29pm
Quoting arcticwolf
What bad news did I miss while I was away?, I shorted the aussie this morning and then come back now and it has taken off up
Just to give you my input, I would NOT have entered this morning because of price activity so close to a very important price pivot zone. 1.014 - 1.018 is an area where price does a lot of funny things, and major trend reversals occur. I would have waited until EITHER a) A break of that level below to short (in which case you watch for false breaks) or b) support holds, and price bounces back up, therefore going long.

Not arrogant enough to suggest thats the be-all end-all of whats going on, but just giving my two cents and how I tend to deal with major price zones like this.

http://i.imgur.com/7eF6zHb.png
  • #28,197
  • Feb 27, 2013 8:32pm Feb 27, 2013 8:32pm
Yes i have been very quite just watching and listening ( also trading) but I stuffed it this morning I put in 2 shorts on aussie and NZ against the US and went away to come back to this
Quoting forexalien
Just an hour - 20 minutes ago I was asking about you.............Welcome back..........
  • #28,198
  • Feb 27, 2013 8:36pm Feb 27, 2013 8:36pm
Yes I didn't look into it well enough and I put them in and left them as I was having a power shut down for a few hours
Quoting feelmypecs
Just to give you my input, I would NOT have entered this morning because of price activity so close to a very important price pivot zone. 1.014 - 1.018 is an area where price does a lot of funny things, and major trend reversals occur. I would have waited until EITHER a) A break of that level below to short (in which case you watch for false breaks) or b) support holds, and price bounces back up, therefore going long.

Not arrogant enough to suggest thats the be-all end-all of whats going on, but just giving my two cents and how I tend to deal...
  • #28,199
  • Feb 27, 2013 8:40pm Feb 27, 2013 8:40pm
Quoting arcticwolf
Yes I didn't look into it well enough and I put them in and left them as I was having a power shut down for a few hours
Careful mon ami, carelessness costs.
  • #28,200
  • Feb 27, 2013 8:43pm Feb 27, 2013 8:43pm
Quoting ShadowZ
Private Capital Expenditure which appeared to be very bad but the market responded it on the contrary direction lol... 2 times it dipped to 197 and 2 times it shot up... And the second one is even higher... I think if it can close at 1.03xx this week, then next week can be a bullish week for Aussie...

Hmm..
IMO, this is a trap set by the bears.. for the bulls..
i still see it will go to 1.013 soon
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