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  • #795,121
  • May 6, 2013 10:58pm May 6, 2013 10:58pm
Quoting kuroro001
{quote} Good boy...i was aiming at your stop
hahahahah! I survived
  • #795,122
  • May 6, 2013 11:01pm May 6, 2013 11:01pm
Quoting tsujigiri
Question, does anyone think the RBA (Aussie) rates announcement will have any short term effect on the EUR/USD?
nope but that gives you great opportunity to grab some nice pips on AU and NU !
  • #795,123
  • May 6, 2013 11:04pm May 6, 2013 11:04pm
Quoting namitak007
{quote} nope but that gives you great opportunity to grab some nice pips on AU and NU !
Agreed. Which is why I'll stay up a little later tonight, waiting on that. Currently short on eur/nzd. And waiting on RBA for other opportunities.
Time turns trend. - W.D. Gann
  • #795,124
  • May 6, 2013 11:08pm May 6, 2013 11:08pm
Quoting ForExtraPips
{quote} Agreed. Which is why I'll stay up a little later tonight, waiting on that. Currently short on eur/nzd. And waiting on RBA for other opportunities.
Well I made 90 pips in total on Au and NU since yesterday. The whole week is great for both and their crosses! Wed and Thur are to watch specifically as "Rate change" is expected!
  • #795,125
  • May 6, 2013 11:11pm May 6, 2013 11:11pm
Quoting namitak007
{quote} Well I made 90 pips in total on Au and NU since yesterday. The whole week is great for both and their crosses! Wed and Thur are to watch specifically as "Rate change" is expected!
Yes. I'll be out of town tomorrow. So, no scalping for me. That's why I'll let this trade run its course and see. But I like the fact, after I get home, plenty of opportunity the next two days later.
Time turns trend. - W.D. Gann
  • #795,126
  • May 6, 2013 11:12pm May 6, 2013 11:12pm
Quoting namitak007
{quote} Well I made 90 pips in total on Au and NU since yesterday. The whole week is great for both and their crosses! Wed and Thur are to watch specifically as "Rate change" is expected!
Oh, and congrats on your green pips. Currently four bloody pips in profit on my trade. lol
Time turns trend. - W.D. Gann
  • #795,127
  • May 6, 2013 11:13pm May 6, 2013 11:13pm
Quoting ForExtraPips
{quote} Yes. I'll be out of town tomorrow. So, no scalping for me. That's why I'll let this trade run its course and see. But I like the fact, after I get home, plenty of opportunity the next two days later.
Yup! IMO AU will touch 1.015 and NU need to go down to 0.815
Let's see if that happens this week!
  • #795,128
  • May 6, 2013 11:14pm May 6, 2013 11:14pm
Quoting ForExtraPips
{quote} Oh, and congrats on your green pips. Currently four bloody pips in profit on my trade. lol
hahah! thanks! And all the best to you too!
  • #795,129
  • May 6, 2013 11:16pm May 6, 2013 11:16pm
Quoting namitak007
{quote} Yup! IMO AU will touch 1.015 and NU need to go down to 0.815 Let's see if that happens this week!
1.0173 is where I'm eyeing on the AU. And I know that the NZD needs to go down, but with the eur/nzd, fighting tooth and nail around the monthly open today, that's why I took the short. Then I'll be looking to long afterwards. GL
Time turns trend. - W.D. Gann
  • #795,130
  • May 6, 2013 11:23pm May 6, 2013 11:23pm
Quoting ForExtraPips
{quote} 1.0173 is where I'm eyeing on the AU. And I know that the NZD needs to go down, but with the eur/nzd, fighting tooth and nail around the monthly open today, that's why I took the short. Then I'll be looking to long afterwards. GL
yeah! Well I am just staying aside with EUR crosses. This shit is not showing me any direction to go. So I am not taking any risk for now. But shorting NU, AU have nothing to fear right now!

Well I am sorry but what does "GL" means? I read it over here many times but never got the meaning.
  • #795,131
  • May 6, 2013 11:26pm May 6, 2013 11:26pm
Quoting namitak007
{quote} yeah! Well I am just staying aside with EUR crosses. This shit is not showing me any direction to go. So I am not taking any risk for now. But shorting NU, AU have nothing to fear right now! Well I am sorry but what does "GL" means? I read it over here many times but never got the meaning.
GL = Good Luck. And I hear you on the EUR crosses. I was pulling the hairs out of my head today while watching the eur/nzd fight it out with the monthly open. Then once price went below the monthly open, I waited for it to go below this week's open, and shorted it, with my SL two pips above today's candle high. Waiting to see how it reacts in four minutes with RBA.
Time turns trend. - W.D. Gann
  • #795,132
  • May 6, 2013 11:28pm May 6, 2013 11:28pm
Quoting ForExtraPips
{quote} GL = Good Luck. And I hear you on the EUR crosses. I was pulling the hairs out of my head today while watching the eur/nzd fight it out with the monthly open. Then once price went below the monthly open, I waited for it to go below this week's open, and shorted it, with my SL two pips above today's candle high. Waiting to see how it reacts in four minutes with RBA.
oh yes! I believe "better safe than sorry" Well GL to you too then!
  • #795,133
  • May 6, 2013 11:29pm May 6, 2013 11:29pm
Quoting gatorinla
{quote} not really

hope your not still short
Attached Image (click to enlarge)
Click to Enlarge Name: Euro USD higher highs.png Size: 96 KB
  • #795,134
  • May 6, 2013 11:32pm May 6, 2013 11:32pm
Quoting namitak007
{quote} oh yes! I believe "better safe than sorry" Well GL to you too then!
Rate cut. Just got s/o
Time turns trend. - W.D. Gann
  • #795,135
  • Edited 11:47pm May 6, 2013 11:34pm | Edited 11:47pm
This is how I'm viewing Eur Usd.... I've gone through the S & R's as well but see lots of pictures pointing higher.. like the Gartley/Butterfly... S & R's.. no lower low.. Bowl's fomring and Cups formning and if you look at the 4 hour chart it looks like its created 5 waves to the downside which is really 1 retracement wave on the Daily.

Think 130.98 may take us back to 1.3074 or may break to 131.20/27 which will take us to 1.3095 supported by the neckline whichever way you draw it and its the fractal of where it should be supported at 1.3095.

Can then see us pushing to 1.3159 and again supported at 1.3125/15 whereby we will push up to 131.76 retrace slightly to 1.3159 area and finally make a move to 1.3190 breaking S1... although i expect that to be end of day.. and don't see 132.15/20 happening today but definitely tomorrow

Let me know if anyone has similar
Attached Image (click to enlarge)
Click to Enlarge Name: Euro USD higher highs.png Size: 96 KB
  • #795,136
  • May 6, 2013 11:41pm May 6, 2013 11:41pm
Quoting ForExtraPips
{quote} Rate cut. Just got s/o
woooohoooooooooo! Bag full of bucks!!!
  • #795,137
  • May 6, 2013 11:41pm May 6, 2013 11:41pm
Quoting namitak007
{quote} yeah! Well I am just staying aside with EUR crosses. This shit is not showing me any direction to go. So I am not taking any risk for now. But shorting NU, AU have nothing to fear right now! Well I am sorry but what does "GL" means? I read it over here many times but never got the meaning.
good luck
  • #795,138
  • May 6, 2013 11:50pm May 6, 2013 11:50pm
Hmm, came out of the rate cut with 20 pips, slippage on the long SL was bigger than I thought. Maybe not try a long/short straddle next time...
A journey of a thousand miles begins with a single step. Lao-tzu
  • #795,139
  • May 6, 2013 11:50pm May 6, 2013 11:50pm
Eur corsses are good with the Euro Aud... i see it going alot higher in the monthly chart and i expect Aussie will get down now too the 9750 area... where by i will be looking to buy and short everything against the Aud if i still remember that being the correct area.. aint looked at aussie for a little while
  • #795,140
  • May 6, 2013 11:50pm May 6, 2013 11:50pm
Quoting namitak007
{quote} woooohoooooooooo! Bag full of bucks!!!
Congrats. It's approaching my targeted area. Waiting and seeing to go long, once it touches. Good night.
Attached Image (click to enlarge)
Click to Enlarge Name: itsapproching.gif Size: 137 KB
Time turns trend. - W.D. Gann
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