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  • #30,601
  • May 22, 2013 9:39pm May 22, 2013 9:39pm
Quoting tashkent
{quote} this post is from may 18, last Saturday. we are at battle zone. this is the reversal zone. either it will hold or we will be heading to 0.900. bear is full of power. the good news is the climax of power is the beginning of the fall. this is the zone.i will repeat again, do not count on others opinion, people have been saying at every 30 pip drop the reversal is starting. if you traded according to what others said you would have blown up couple of accounts already.this is part of the game. nobody was sure it will fall that far. but it did.who...
nice poetic post.I like it Cheers mate
if it makes anyone feel better I am 1200 pips in the red
http://fc00.deviantart.net/fs70/i/20...la-d3lf3a3.jpg
In trading, you have to be defensive and aggressive at the same time
  • #30,602
  • May 22, 2013 9:47pm May 22, 2013 9:47pm
Thanks Davit.
for those who are hoping for reversal: probability of dropping to 0.93 is higher than going back to 1.00
this is just to filter out your false hopes. trade safe - use the lowest leverage you can.
As Above, So Below
  • #30,603
  • May 22, 2013 9:55pm May 22, 2013 9:55pm
btw, Davit, about your signature, did you ever thought of cutting the winners quickly and run the losers? those who understand how this work may found a solid profitable system behind it.

1200 pips in red? if you bought at 1.06 you would be 1000 pips in red by now. are you sure?
As Above, So Below
  • #30,604
  • May 22, 2013 9:59pm May 22, 2013 9:59pm
Quoting tashkent
Thanks Davit.for those who are hoping for reversal: probability of dropping to 0.93 is higher than going back to 1.00this is just to filter out your false hopes. trade safe - use the lowest leverage you can.

Agree on low leverage.
I am optimistic for serious reversal.Few facts.
Feds will continue printing money.They only hinted they might stop if and that is big if unemployment numbers are below current levels.
Great article explaining all this in detail.I see market overreacting to this.Which I believe will correct itself.Feds will continue printing money until employment numbers are down.
Read the article (http://www.bloomberg.com/news/2013-05-22/bernanke-says-premature-fed-tightening-would-endanger-recovery.html)

"Bernanke’s caution was underscored by minutes of the Fed’s last meeting, released after his testimony, which showed many Fed officials said more progress in the labor market is needed before deciding to slow the pace of asset purchases."
In trading, you have to be defensive and aggressive at the same time
  • #30,605
  • May 22, 2013 10:06pm May 22, 2013 10:06pm
Quoting tashkent
btw, Davit, about your signature, did you ever thought of cutting the winners quickly and run the losers? those who understand how this work may found a solid profitable system behind it. 1200 pips in red? if you bought at 1.06 you would be 1000 pips in red by now. are you sure?

I have zero Aussie orders.I cut it way early.at 1005
My red pips are on Kiwi and UC but both in manageable size.I trade zones 100-500pips in range and my orders are within my trading plan.
To those not familiar what I do.I take say 8 lots and decide on buying or selling then divide 8 lots into 16 mini lots and build a position.It seems radical but I am looking to profit over 5k pips.So now it doesn't seem that bad...
I am however looking for good entry for long on Aussie but waiting to see how far the bottom goes.
In trading, you have to be defensive and aggressive at the same time
  • #30,606
  • May 22, 2013 10:17pm May 22, 2013 10:17pm
Quoting Davit
{quote} I have zero Aussie orders.I cut it way early.at 1005My red pips are on Kiwi and UC but both in manageable size.I trade zones 100-500pips in range and my orders are within my trading plan.To those not familiar what I do.I take say 8 lots and decide on buying or selling then divide 8 lots into 16 mini lots and build a position.It seems radical but I am looking to profit over 5k pips.So now it doesn't seem that bad...I am however looking for good entry for long on Aussie but waiting to see how far the bottom goes.
one of the the most effective methods. kudos
As Above, So Below
  • #30,607
  • May 22, 2013 10:18pm May 22, 2013 10:18pm
Quoting Davit
{quote} Agree on low leverage.I am optimistic for serious reversal.Few facts.Feds will continue printing money.They only hinted they might stop if and that is big if unemployment numbers are below current levels.Great article explaining all this in detail.I see market overreacting to this.Which I believe will correct itself.Feds will continue printing money until employment numbers are down.Read the article (http://www.bloomberg.com/news/2013-05-22/bernanke-says-premature-fed-tightening-would-endanger-recovery.html) "Bernanke’s caution...
IMO.. I think the current economic situation (fundamentals) are stacked against the AU bulls.. most news in recent just drive AU lower.. sigh.. not sure if my account can last for the next 24 hours..
  • #30,608
  • May 22, 2013 10:29pm May 22, 2013 10:29pm
Quoting DaddyBear
{quote} I wouldn't call it overextended. It is what it is. I am on the go now. Cannot project anything.
Where are you Going............?
The More You Learn, The More You Earn.....
  • #30,609
  • May 22, 2013 10:36pm May 22, 2013 10:36pm
Quoting guppies
{quote} IMO.. I think the current economic situation (fundamentals) are stacked against the AU bulls.. most news in recent just drive AU lower.. sigh.. not sure if my account can last for the next 24 hours..
why dont you open short?
  • #30,610
  • May 22, 2013 11:01pm May 22, 2013 11:01pm
re- enter trading after about 12 mths 'hiatus'....

1st try went bust ( about 12 mths ago ) - AUD 3 K.

this time, same amount - grew from 3 to 8.5 K....

until Uncle Ben decides to throw me to the lion ( Bear,to be more appropriate ).... back to square one... well, at least i still have my capital... lol...
can be found where TROUBLE is
  • #30,611
  • May 22, 2013 11:04pm May 22, 2013 11:04pm
Quoting troublemaker
re- enter trading after about 12 mths 'hiatus'.... 1st try went bust ( about 12 mths ago ) - AUD 3 K. this time, same amount - grew from 3 to 8.5 K.... until Uncle Ben decides to throw me to the lion ( Bear,to be more appropriate ).... back to square one... well, at least i still have my capital... lol...

R U A troublemaker..........?
The More You Learn, The More You Earn.....
  • #30,612
  • May 22, 2013 11:12pm May 22, 2013 11:12pm
Quoting forexalien
{quote} R U A troublemaker..........?
yes....
if I can, I'll go over to the USA.... lol !!!
can be found where TROUBLE is
  • #30,613
  • May 22, 2013 11:26pm May 22, 2013 11:26pm
Quoting hansetb
{quote} why dont you open short?
I can't.. I'm close to a margin call.. and unsure if I should put in more funds to regain more margin to hedge..
  • #30,614
  • May 22, 2013 11:38pm May 22, 2013 11:38pm
Quoting guppies
{quote} I can't.. I'm close to a margin call.. and unsure if I should put in more funds to regain more margin to hedge..
I'm in the exact same position. If the price crosses 9570 I'm pulling out with a total loss to the account.
  • #30,615
  • May 22, 2013 11:55pm May 22, 2013 11:55pm
Quoting kamifx
AUD/USD There are three area of trading according to H4 Candle opening/ closing {image}

Please notice to the areas , i have suggested on Mon. and find the best way for trading managment
Don’t follow someone else’s trading advice blindly
  • #30,616
  • May 23, 2013 12:04am May 23, 2013 12:04am
Quoting Arman_A
{quote} I'm in the exact same position. If the price crosses 9570 I'm pulling out with a total loss to the account.
I'm thereabouts as well.. I will be closed out at 0.958ish
  • #30,617
  • May 23, 2013 12:40am May 23, 2013 12:40am
Quoting Davit
{quote} Agree on low leverage.I am optimistic for serious reversal.Few facts.Feds will continue printing money.They only hinted they might stop if and that is big if unemployment numbers are below current levels.Great article explaining all this in detail.I see market overreacting to this.Which I believe will correct itself.Feds will continue printing money until employment numbers are down.Read the article (http://www.bloomberg.com/news/2013-05-22/bernanke-says-premature-fed-tightening-would-endanger-recovery.html)......

[emphasis added for the hard of thinking] Soros quote coming up, so keep reading. Thank you . . .

My understanding is that hard-boiled thinkers understand and state that "asset purchases" are directed solely to the market - Bernanke has stated as much. But my point is: "asset purchases" in the opinion of watchers who I respect (sorry - long day and I won't be able to post names) do not affect employment numbers. If Bernanke and the private so-called federal reserve really wanted to help this country, they would loan at zero percent interest to people who want to rebuild the infrastructure in this country. And the president, if he really cared and were not being paid, would force it to do so ... but then, as has been stated by Fed heads - "no one can overrule... decisions that we make..." that was AGreenspan, when asked.

We are falling apart - actually already have hit the ground and are now being ground into it. The American people are... well, check out what Soros has stated: "The main obstacle to a stable and just world order is the United States." - Open Society: Reforming Global Capitalism. "Google it" - let google know there are at least some people who want to look around on this. ]Google of course, is public enemy #1 - designed to suck up all the information we give it - and my search results will be different on the exact same subject than yours will be ... because google has a virtual you, and a virtual me, based on everything they've been given by individuals... use is anything but benign. Because It Is All About Control.

Well.... Godspeed to people are able to at least wake up, though we are (at least I feel) powerless to rescue what matters: individuality, enterprise, intelligence, and work - and the fruits of the labor.

This isn't what Obama, or Soros, has in mind. The destruction of the United States is going forward using a multi-pronged approach - and no one is clueless except ... well, guess who? Before I stop, understand that the government of our country is deliberately using weather manipulation, and has done this for decades - stepping up the speed. Katrina, Sandy, drought, etc. - target areas for particular reasons. Farmland, farmers, are particularly hated - because they are the last bastion of a way of life.

Bernanke... is.... demoniac. But then, it's the company he keeps. And now, he cannot change what he is doing; I understand ..... that it is actually, reality based here NOT OPINION.... TOO LATE to stop. And don't think they didn't know this, with the derivatives to light the match, would end up here.

THe US is SO STRONG that it takes huge huge efforts to bring it down including moral degradation - search for the videos from Russians who have served here incognito in the '70's and '80's - and noticed how gullible most people are.

Any country that is allowed to fragment will collapse, and that is exactly what is happening. Israel on the other hand, doesn't let go and fiercely keeps its sense of destiny and individuality while condoning destruction of culture by DILUTION and society elsewhere. Many of our highly placed government persons are dual citizens: compare the policies they promote with what they know is the law in Israel. So: dual citizens... check out whose controlling policies rule.

The Fed is making sure to bail out foreign banks - but I KNOW you already know that.

Godspeed.
  • #30,618
  • May 23, 2013 12:45am May 23, 2013 12:45am
Hmm, if your in a deep position. I'd recommend reducing position size to free up some margin to aid in cushioning the drawdown. Of course it comes at a cost where you must now gain x amount more pips to break even.

It's always a tough choice.
  • #30,619
  • May 23, 2013 12:48am May 23, 2013 12:48am
Quoting guppies
{quote} I can't.. I'm close to a margin call.. and unsure if I should put in more funds to regain more margin to hedge..

I'm with IG,
i dont have to put in more fund to enter hedge.
in fact, i get my margin back..

i.e.
current short xx lot
available to deal: $1

open long position xx lot
available to deal: $1+($xx margin)
  • #30,620
  • May 23, 2013 12:50am May 23, 2013 12:50am
Quoting HelloOz
{quote} I'm with IG,i dont have to put in more fund to enter hedge.in fact, i get my margin back.. i.e.current short xx lotavailable to deal: $1 open long position xx lotavailable to deal: $1+($xx margin)
dont forget to check/select the "Force Open" Box,
otherwise they will close your open position.....
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