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  • #30,461
  • May 22, 2013 4:54am May 22, 2013 4:54am
Quoting Arman_A
Speculation speculation speculation! As we get closer to june we should see a jump back to parity and maybe further. Natural disasters like the tornados in the US will also swing the market soon once the financial implications are calculated.
what is your rationale?
  • #30,462
  • May 22, 2013 4:58am May 22, 2013 4:58am
so many people holds long position here,..
if you guys want to hold until Ben testifies, kindly prepare some injection and dont forget to set ur SL (for ur own good)
  • #30,463
  • May 22, 2013 4:58am May 22, 2013 4:58am
Quoting Arman_A
Speculation speculation speculation! As we get closer to june we should see a jump back to parity and maybe further. Natural disasters like the tornados in the US will also swing the market soon once the financial implications are calculated.
Well not agree!! Still we are in downtrend. So only trade reversal can boost towards parity. Today AUD disappointed, JPY is untouched and Bernanke is ready for fireworks. You call it as a speculation but I am still bearish on AU. As said yesterday I controlled myself and stayed aside today and I am happy I did this. Still aside till todays NY session.
  • #30,464
  • May 22, 2013 5:05am May 22, 2013 5:05am
Quoting HelloOz
{quote} what is your rationale?
Im just making myself look like a hypocrite.
NO ONE KNOWS where the dollar is headed. Last year May they said it will go down to 0.70 it never did, shot straight back up.
  • #30,465
  • May 22, 2013 5:39am May 22, 2013 5:39am
AUD is going down for the short term. I think if it breaks 97 it will the lift doors will close and it will go down quicker than Taipei 101.

Quoting Arman_A
{quote} Im just making myself look like a hypocrite. NO ONE KNOWS where the dollar is headed. Last year May they said it will go down to 0.70 it never did, shot straight back up.
  • #30,466
  • May 22, 2013 6:04am May 22, 2013 6:04am
Looking back DB's entry was a good one and could of made some good pips depending on TP

Another note is that entry is not broken yet

Entry and stop loss are important to your account
  • #30,467
  • May 22, 2013 6:26am May 22, 2013 6:26am
Basically, anyone who longed early would have made profit
  • #30,468
  • May 22, 2013 6:39am May 22, 2013 6:39am
Quoting DaddyBear
{quote} The third pattern is born......like this..... {image}
.
Attached Image
The More You Learn, The More You Earn.....
  • #30,469
  • May 22, 2013 6:48am May 22, 2013 6:48am
Quoting billv
{quote} DB don't you ever sleep? This bear rally is giving you a sleep disorder
I do sleep and sleep like a baby....
daddybearforex. com
  • #30,470
  • May 22, 2013 6:49am May 22, 2013 6:49am
Quoting forexalien
{quote} Daily is nearing a bottom but is still short............
21 hours ago..........
The More You Learn, The More You Earn.....
  • #30,471
  • May 22, 2013 7:04am May 22, 2013 7:04am
Rampage version, try not to ban me
Attached Image
  • #30,472
  • May 22, 2013 7:07am May 22, 2013 7:07am
lolz! Look at market! Isn't it pre Bernanke effect? Llz! UJ 103, AU .975, UCh .975 lolz! I can't imagine the scenario after Bernanke
  • #30,473
  • May 22, 2013 7:11am May 22, 2013 7:11am
Quoting namitak007
lolz! Look at market! Isn't it pre Bernanke effect? Llz! UJ 103, AU .975, UCh .975 lolz! I can't imagine the scenario after Bernanke
Do you think he wants to kill the US economy?
If he allows the USD to strengthen further,
unemployment will shoot straight up
Have a nice day
  • #30,474
  • May 22, 2013 7:21am May 22, 2013 7:21am
Quoting feather
AUD is going down for the short term. I think if it breaks 97 it will the lift doors will close and it will go down quicker than Taipei 101. {quote}
Possible but unlikely, the Aussie has fallen a lot and Australia is the only Western country with a decent economy and real wealth.
Also, according to Saxo bank there are more short retail traders than long (54% vs 46%)
so my thought is that the big boys will probably try to make everyone believe that the Aussie will fall through the floor and they will be on the other side of our trades going long.
I'd expect to see a rejection of this level at the higher time frames before going 100% long
IMHO
Have a nice day
  • #30,475
  • May 22, 2013 7:37am May 22, 2013 7:37am
Quoting Rampage
Rampage version, try not to ban me {image}
WHAT........!!!!!

Are you drawing hairy nut sacks............? LOL
The More You Learn, The More You Earn.....
  • #30,476
  • May 22, 2013 7:44am May 22, 2013 7:44am
Yes you might be right Billy. But I think the big boys are doing the opposite. They are stretching the retail traders that are long above parity, and will try to bust some accounts before changing the trend. So i'm thinking further down, give it a few more hours and the direction will start to take place.


Quoting billv
{quote} Possible but unlikely, the Aussie has fallen a lot and Australia is the only Western country with a decent economy and real wealth. Also, according to Saxo bank there are more short retail traders than long (54% vs 46%) so my thought is that the big boys will probably try to make everyone believe that the Aussie will fall through the floor and they will be on the other side of our trades going long. I'd expect to see a rejection of this level at the higher time frames before going 100% long IMHO
  • #30,477
  • May 22, 2013 7:46am May 22, 2013 7:46am
Quoting billv
{quote} Do you think he wants to kill the US economy? If he allows the USD to strengthen further, unemployment will shoot straight up
Well it doesn't matter what I or you think! Reality is in front of you.
  • #30,478
  • May 22, 2013 7:52am May 22, 2013 7:52am
Quoting namitak007
{quote} Well it doesn't matter what I or you think! Reality is in front of you.
Ben will be dovish this morning.
daddybearforex. com
  • #30,479
  • May 22, 2013 7:56am May 22, 2013 7:56am
Retails are very long currently, you can see it on FF, Oanda, eToro...but it does not necessary means it won't go up
I remember a lot retails being long before the huge JPY weakness, sometimes retails are right.
It's mainly high leverage and over trading that's killing retails and not bad forecasts.

As for myself i'm long term short AUD & NZD against all currencies, except maybe GBP...because i feel like it's their turn to have a "doom time" after such a long over valuation period.
  • #30,480
  • May 22, 2013 8:01am May 22, 2013 8:01am
Quoting DaddyBear
{quote} Ben will be dovish this morning.
Well who knows? As everyone is expecting it's not necessary he will follow the same. I am staying aside till he completes his sh*t.
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