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AUD/USD

  • #58,301
  • May 15, 2013 4:02am May 15, 2013 4:02am
Quoting bogus
{quote} Nice. Only a daredevil would take shorts from the current level. Time to sit on my hands.
Thanks mate. Will let the dust settle a bit now. Weekly, monthly ranges are almost filled on the USDx. Same situation there on Aussie. Will be just monitoring to see what it has prepared for us. Good luck to you and the guys!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #58,302
  • May 15, 2013 4:13am May 15, 2013 4:13am
Quoting feather
I've got out of my longs and taken a short at this level. my account has taken a big hit this week and wasn't willing to lose anymore on this strong USD. The chart is playing out like last May 2012and very similar to the GPB in early JAN FEB. I think it will keep trending down till the end of the month, I was hoping for a retrace but it just hasn't come and if there is one it's only going to be a small one due to trades shorting the rallies. 96.50 is the next target for me, and if it goes up i will be adding more shorts {quote}
Maaaate! don't revenge trade. There's the 3rd option of doing nothing. Just because it's not going up doesn't mean it's going down.
Green pips.
FF journal: Peaks and Troffs
  • #58,303
  • May 15, 2013 4:23am May 15, 2013 4:23am
AUS/USD has hit the 200% fib support on the daily charts at 98582. I expect a little congestion around that area before a slow retrace up before any further sizable move down. 98650 enrty long with sl below 98499
  • #58,304
  • May 15, 2013 4:37am May 15, 2013 4:37am
It's not a revenge trade i have simply closed longs, at a loss which is disappointing but a decision that I am comfortable and happy with.. I have my own valid signals for a short entry still using same risk so all good.

I am hoping it goes up to be honest so I can add more shorts. I don't worry about timing so much as it doesn't suit my trading style, so if it does go up 50 pips or 100 pips that's fine my SL are usually 400 pips away. I am very confident we will see lower PA between now and the end of the month.




Quoting bogus
{quote} Maaaate! don't revenge trade. There's the 3rd option of doing nothing. Just because it's not going up doesn't mean it's going down. Green pips.
  • #58,305
  • May 15, 2013 4:43am May 15, 2013 4:43am
Quoting feather
It's not a revenge trade i have simply closed longs, at a loss which is disappointing but a decision that I am comfortable and happy with.. I have my own valid signals for a short entry still using same risk so all good. I am hoping it goes up to be honest so I can add more shorts. I don't worry about timing so much as it doesn't suit my trading style, so if it does go up 50 pips or 100 pips that's fine my SL are usually 400 pips away. I am very confident we will see lower PA between now and the end of the month. {quote}
All good.
FF journal: Peaks and Troffs
  • #58,306
  • May 15, 2013 4:47am May 15, 2013 4:47am
Quoting feather
It's not a revenge trade i have simply closed longs, at a loss which is disappointing but a decision that I am comfortable and happy with.. I have my own valid signals for a short entry still using same risk so all good. I am hoping it goes up to be honest so I can add more shorts. I don't worry about timing so much as it doesn't suit my trading style, so if it does go up 50 pips or 100 pips that's fine my SL are usually 400 pips away. I am very confident we will see lower PA between now and the end of the month. {quote}
Can comfortably accept 400 pips loss

I still usually want to get revenge when I lost 100 pips. Mental attitude that I want to learn to 'forget' the loss
  • #58,307
  • May 15, 2013 4:49am May 15, 2013 4:49am
It seems no reason to go down more.
  • #58,308
  • May 15, 2013 4:58am May 15, 2013 4:58am
Quoting randyshan
It seems no reason to go down more.
Do you know all the reasons why price goes one or another way? A rhetorical question here.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #58,309
  • May 15, 2013 5:28am May 15, 2013 5:28am
According to COT report, the large has dropped severely from 30234 to 6630. In a similar drop on March 5, where it dropped from 25695 to 7149, AU has not plummet, but in contrast rallied up 200 pips in the following week. I'm not sure if this will happen again, but it may signal an extreme with the number close to 0.
I saw many traders here put graph to show support lines, I'll buy a little of this pair, see what will happen...I'm still holding quite some UC longs.
make some money, have some fun, leave some footprints
  • #58,310
  • May 15, 2013 6:10am May 15, 2013 6:10am
Anyone hear about this?

Who is this guy? I have no idea.

http://www.forexcrunch.com/audusd-set-to-fall-to-0-60/
  • #58,311
  • May 15, 2013 7:02am May 15, 2013 7:02am
Quoting Mozzy
Anyone hear about this? Who is this guy? I have no idea. http://www.forexcrunch.com/audusd-set-to-fall-to-0-60/
All I can say to that is... LOL!
  • #58,312
  • May 15, 2013 7:10am May 15, 2013 7:10am
Quoting Arman_A
{quote} All I can say to that is... LOL!
Ok, what's so humourous about it?
  • #58,313
  • May 15, 2013 7:38am May 15, 2013 7:38am
Quoting Mozzy
{quote} Ok, what's so humourous about it?
Its just like predicting the weather of Sydney in 3 months or a year or the end of the world!
  • #58,314
  • May 15, 2013 7:43am May 15, 2013 7:43am
Quoting Arman_A
{quote} Its just like predicting the weather of Sydney in 3 months or a year or the end of the world!
try predicting weather of melb.
  • #58,315
  • May 15, 2013 7:46am May 15, 2013 7:46am
Quoting HelloOz
{quote} try predicting weather of melb.
Cold cold and more cold to come.
On another note... time to freeze the bears! Enough is enough!
  • #58,316
  • May 15, 2013 7:53am May 15, 2013 7:53am
Quoting Arman_A
{quote} Cold cold and more cold to come. On another note... time to freeze the bears! Enough is enough!

Yeah, Agree. 4 hr Cadle looks good now
  • #58,317
  • May 15, 2013 7:53am May 15, 2013 7:53am
Long AUDUSD frm.9900.... anyone longing aussie right now?
STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
  • #58,318
  • May 15, 2013 8:13am May 15, 2013 8:13am
Quoting sivaji
Long AUDUSD frm.9900.... anyone longing aussie right now?
Long from 0.9880 and 0.9889
New voice message: Why are you calling me? If I need you, I'll call you!
  • #58,319
  • May 15, 2013 8:28am May 15, 2013 8:28am
Quoting KillerWhale
{quote} Long from 0.9880 and 0.9889

GD Luck !!! hope to see green pips!
STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
  • #58,320
  • May 15, 2013 8:37am May 15, 2013 8:37am
Well I closed half my shorts from .9980 on that damn spike up for 75 pips only. Grrr. Moved the other half to breakeven.

Though I think we should get one more new low before further upside, thinking around the 0.9830-0.9800 area. Also planning to add some long term longs at 98 and 96 areas if it gets there.
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