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  • #29,921
  • May 17, 2013 5:39am May 17, 2013 5:39am
Quoting 5percent
{quote} they are driving fear to the market. to trap positions everywhere for those using high leverage. rem when gbp sold off from 1.63 into 1.4830, everyone claims 1.44 then it rebounded to 1.56.
Look at M30. It's forming a channel! I longed at .974 and will exit at .979 And expect it will continue to south!
Attached Image (click to enlarge)
Click to Enlarge Name: aud.jpg Size: 508 KB
  • #29,922
  • May 17, 2013 5:52am May 17, 2013 5:52am
Quoting fxtyrant
Hi guys, rather new to the thread, slightly disappointed by the AUD Weakness... i thought historic ranges would hold at 0.98 for AUDUSD i hope this is just a fake flushout of orders below for a possible bounce... i really dont see how a currency like AUD is on the verge of weakening as much as the japs are... 0.95 is like the last line of defense for AUD traders like me who trust in the high yield carry trades... im Long AUDUSD, AUDNZD, AUDSGD and Short EURAUD... all these pairs are currently biting my ass :/
what if AUD makes higher low??
  • #29,923
  • May 17, 2013 5:58am May 17, 2013 5:58am
Quoting Pipkingdom
Look how their stock markets perform when their currency devalues. US Japan etc etc The markets can remain irrational longer than you can remain solvent
We will see who wins this battle because there is money to be made on the way back up last years low was only 0.9580
  • #29,924
  • May 17, 2013 6:10am May 17, 2013 6:10am
Quoting DaddyBear
{quote} BTW, I had never tried to make multiple calls until a reversal occurred to show that I was great. What incentive could I get from posting such messages? I trade short term. The end of a wave is a bottom or a top to me. Whether or not they are the reversal points is not my concern. I don't hold position from the very bottom to the very top. Even if I did get in at the very bottom, I would exit when the wave ended.
when you said bottom i understood reversal. simple misunderstanding.
As Above, So Below
  • #29,925
  • May 17, 2013 6:18am May 17, 2013 6:18am
Quoting tashkent
{quote} when you said bottom i understood reversal. simple misunderstanding.
Thanks for your understanding.
daddybearforex. com
  • #29,926
  • May 17, 2013 6:22am May 17, 2013 6:22am
Quoting DaddyBear
{quote} Thanks for your understanding.
whats your view daddybear on the AUD? im kinda baffled...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #29,927
  • May 17, 2013 6:29am May 17, 2013 6:29am
Weekly EWC
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB
daddybearforex. com
  • #29,928
  • May 17, 2013 6:35am May 17, 2013 6:35am
Quoting DaddyBear
Weekly EWC {image}
so your view is we're gona break further down??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #29,929
  • May 17, 2013 6:42am May 17, 2013 6:42am
Quoting fxtyrant
{quote} so your view is we're gona break further down??
No. I see the light at the end of the tunnel......
daddybearforex. com
  • #29,930
  • May 17, 2013 6:45am May 17, 2013 6:45am
Quoting fxtyrant
Hi guys, rather new to the thread, slightly disappointed by the AUD Weakness... i thought historic ranges would hold at 0.98 for AUDUSD i hope this is just a fake flushout of orders below for a possible bounce... i really dont see how a currency like AUD is on the verge of weakening as much as the japs are... 0.95 is like the last line of defense for AUD traders like me who trust in the high yield carry trades... im Long AUDUSD, AUDNZD, AUDSGD and Short EURAUD... all these pairs are currently biting my ass :/
Because they all have the AUD in them..........I would imagine..........
The More You Learn, The More You Earn.....
  • #29,931
  • May 17, 2013 6:47am May 17, 2013 6:47am
Quoting HelloOz
{quote} what if AUD makes higher low??
Then watch the next higher TF for failure............
The More You Learn, The More You Earn.....
  • #29,932
  • May 17, 2013 7:05am May 17, 2013 7:05am
Quoting forexalien
{quote} Then watch the next higher TF for failure............
Are you shorting heavily now w/o SL?
daddybearforex. com
  • #29,933
  • May 17, 2013 7:10am May 17, 2013 7:10am
Quoting DaddyBear
{quote} No. I see the light at the end of the tunnel......
DB it seems to be slowing the free fall at around 0.973 I know it is anyone guess (for a better use of words ) but I feel that we are almost at the bottom or is that wishfull thinking.
  • #29,934
  • May 17, 2013 7:11am May 17, 2013 7:11am
the good news is this pair offers brilliant opportunity to long and potential profit. the question is when will we see signs of reversal? maybe next week? i am thinking of adding more longs somwhere close to 0.96 and more longs at each 100 pip drop from there on.
As Above, So Below
  • #29,935
  • May 17, 2013 7:16am May 17, 2013 7:16am
I can't take any more. I give up the game. My heart can't afford . I pull out from here.
  • #29,936
  • May 17, 2013 7:23am May 17, 2013 7:23am
A big hand behind the screen. They want to kill all long players with a Record low. Folks becareful. I need a break. Good luck to you all. I need to some of my bullets.
  • #29,937
  • May 17, 2013 7:24am May 17, 2013 7:24am
Quoting arcticwolf
{quote} DB it seems to be slowing the free fall at around 0.973 I know it is anyone guess (for a better use of words ) but I feel that we are almost at the bottom or is that wishfull thinking.
.973 is today's support.. or S2
break that i think we can see 0.97 ... to 0.966
allow 2-3 days to consolidate before bounce/reverse.. making triple bottom..
bulls happy.. bears happy...
  • #29,938
  • May 17, 2013 7:24am May 17, 2013 7:24am
Quoting classtutor
I can't take any more. I give up the game. My heart can't afford . I pull out from here.
The big boys (banks etc) think it is their game for only them to play
  • #29,939
  • May 17, 2013 7:31am May 17, 2013 7:31am
Quoting forexalien
{quote} Then watch the next higher TF for failure............
Hi Alien

Many traders cant grasp this,its the same for retraces as well.
Waiting for a entry can make for smaller stops
  • #29,940
  • May 17, 2013 7:33am May 17, 2013 7:33am
Quoting DaddyBear
{quote} Are you shorting heavily now w/o SL?
all tf's are down
The More You Learn, The More You Earn.....
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