Be cautious with your long positions the daily price action is again looking very bearish. If you want to get out of your long you may have to think on your feet...
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- #59,441
- Jun 18, 2013 1:21am Jun 18, 2013 1:21am
- Joined Dec 2011 | Status: StealingPips | 1,294 Posts
- #59,442
- Jun 18, 2013 1:32am Jun 18, 2013 1:32am
- Joined Dec 2011 | Status: StealingPips | 1,294 Posts
Be cautious with your long positions the daily price action is again looking very bearish. If you want to get out of your long you may have to think on your feet... {image}
You mean i should Close my Long if i got even 10 pips ?? AUS fall like a Lover
I am goin on lose now But i hope all Pips will Green soon
If i got AUS more on Dip i will place another Long so that i can cover my Lose
- #59,444
- Jun 18, 2013 2:48am Jun 18, 2013 2:48am
- Joined Dec 2011 | Status: StealingPips | 1,294 Posts
{quote} You mean i should Close my Long if i got even 10 pips ?? AUS fall like a Lover I am goin on lose now But i hope all Pips will Green soon
{quote} Hey, i can't recommend any action either way i don't know your strategy or risk tolerance. I will say that IMO, i don't think adding to long positions @ current levels is a good idea...
Market : ANY GOOD DATA FROM US BEFORE THE FOMC MEETING?
Not a bad start for the Greenback! With only a few hours left before the Fed announces its monetary policies, USD and equities traders are feeling optimistic! Wohoo!
It didn’t hurt that the U.S. economic reports scheduled yesterday printed better-than-expected. Not only did the New York manufacturing index come in at its three-month high at 7.8, but the optimism of home builders also printed a reading of 52, its highest in SEVEN years. Not bad, eh?
T0day, US is set to release its inflation, building permits, and housing starts numbers. The inflation numbers aren’t expected to have significant impact on USD’s price action, but some traders might look at the housing and building numbers to see if the Fed has reason to be concerned about the economy.
FOMC meeting starts too and Bernanke will give his statement; analysing the latest releases!
Hold tight and stick around!
Not a bad start for the Greenback! With only a few hours left before the Fed announces its monetary policies, USD and equities traders are feeling optimistic! Wohoo!
It didn’t hurt that the U.S. economic reports scheduled yesterday printed better-than-expected. Not only did the New York manufacturing index come in at its three-month high at 7.8, but the optimism of home builders also printed a reading of 52, its highest in SEVEN years. Not bad, eh?
T0day, US is set to release its inflation, building permits, and housing starts numbers. The inflation numbers aren’t expected to have significant impact on USD’s price action, but some traders might look at the housing and building numbers to see if the Fed has reason to be concerned about the economy.
FOMC meeting starts too and Bernanke will give his statement; analysing the latest releases!
Hold tight and stick around!
- #59,447
- Jun 18, 2013 3:13am Jun 18, 2013 3:13am
- Joined Dec 2011 | Status: StealingPips | 1,294 Posts
{quote} what you think which is the best point for trade ?? on AUS for Long ??
{quote} I'm not sure, i think you just have to wait and see how it plays out. It's difficult to predict what price exactly would be good to long. Keep an eye and see how price reacts around the daily S2 @ 0.9432... We might see a bit of a pullback there... good luck.
Agreed :
Actually I placed my order last day at 9435 and 9425 which is Hit
now I am waiting for the right point so that i can gain Pips with Green Line
Lets see I hope i will Get some thing good
- #59,450
- Jun 18, 2013 3:29am Jun 18, 2013 3:29am
- Joined Dec 2011 | Status: StealingPips | 1,294 Posts
{quote} Ok 93 is still 150 pips away i hope you can hold that long. I think if it hits 93 it will go even lower. The current low to break is 0.9325. I don't think we'll see 93 today.. but who knows...
HmMmmM Yup !! But i just placed another Long from 9315 level ..... I think this point also will Hit today lets see what happened
Now Iam going to Friend's home see you after little break !!! Best of luck for ur trade and mine too
- #59,456
- Jun 18, 2013 7:20am Jun 18, 2013 7:20am
- Joined Apr 2013 | Status: I'm learnding! | 8,973 Posts
- #59,458
- Jun 18, 2013 8:57am Jun 18, 2013 8:57am
- Joined Apr 2011 | Status: Free Palestine.. | 1,567 Posts
If skills could be acquired by watching, every dog would be a butcher. Turk
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