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  • #32,381
  • Jun 21, 2013 2:01am Jun 21, 2013 2:01am
Quoting Arman_A
Im long at 9190 hopefully there will be a significant bounce up for me to break even with 94
Yeah and if it continues down you will lose even more. At some point you have to suck it up, admit the trade was wrong, close it and move on to the next trade. Hope while holding on to a losing trade is what destroys accounts. Anyway, every trade you put on should have a predefined risk amount and reward amount - that takes emotion out of it. Once the order is triggered, leave it.
  • #32,382
  • Jun 21, 2013 2:06am Jun 21, 2013 2:06am
Looks like the buyers are back since 0.918. this should last thru 0.925, might take a lil breath to 0.923 to get into the game more buyers and end up to the 0.93 area on close time if the stocks & gold will recover.
  • #32,383
  • Jun 21, 2013 9:48am Jun 21, 2013 9:48am
You guys need to pull your heads out of the minute and hour charts, and into the dailys and weeklys. Anyone who has been keeping an active eye on the longer term charts has been seeing this drop coming since at least December, or not further.
  • #32,384
  • Jun 21, 2013 11:10am Jun 21, 2013 11:10am
Quoting feelmypecs
You guys need to pull your heads out of the minute and hour charts, and into the dailys and weeklys. Anyone who has been keeping an active eye on the longer term charts has been seeing this drop coming since at least December, or not further.
Was it the same people that said ''follow the trend'' when the aud turned from 0.93 back to 0.96 few days ago? eyes off the charts guys, NOBODY can know whats gonna happen in the future and the only thing that can move forex rates and stocks is information(such a Bernanke's sh*t 2 days ago).
''the most valuable commodity i know of is information'' - Gordon Gekko.
  • #32,385
  • Jun 21, 2013 7:41pm Jun 21, 2013 7:41pm
Quoting tomersror
{quote} Was it the same people that said ''follow the trend'' when the aud turned from 0.93 back to 0.96 few days ago? eyes off the charts guys, NOBODY can know whats gonna happen in the future and the only thing that can move forex rates and stocks is information(such a Bernanke's sh*t 2 days ago). ''the most valuable commodity i know of is information'' - Gordon Gekko.
News can move the market but not for long.
  • #32,386
  • Jun 21, 2013 8:03pm Jun 21, 2013 8:03pm
This is what I think....Point e is not complete.....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 28 KB
daddybearforex. com
  • #32,387
  • Jun 21, 2013 8:09pm Jun 21, 2013 8:09pm
Quoting Arman_A
{quote} News can move the market but not for long.
IMO, news are the catalysts only. The power moving the market is something else.
daddybearforex. com
  • #32,388
  • Jun 21, 2013 8:14pm Jun 21, 2013 8:14pm
Quoting Arman_A
{quote} News can move the market but not for long.
.....? News is the main thing that moves the market ROFL. If you have continuous good news from the usd and continuous bad news from the ozzie then it will fall simple as that.
  • #32,389
  • Jun 21, 2013 8:57pm Jun 21, 2013 8:57pm
Quoting Murdetrain
{quote} .....? News is the main thing that moves the market ROFL. If you have continuous good news from the usd and continuous bad news from the ozzie then it will fall simple as that.
How about good news came from the USD but AU moved up? This scenario happens all the time. Can you explain why this happened? It's more complicated than you thought, not simple as that.
daddybearforex. com
  • #32,390
  • Jun 21, 2013 9:56pm Jun 21, 2013 9:56pm
Quoting DaddyBear
{quote} How about good news came from the USD but AU moved up? This scenario happens all the time. Can you explain why this happened? It's more complicated than you thought, not simple as that.
Exactly, good news can move the market either way, same goes with bad news. A good news may move it up, only for it to come down the next minutes.
Volume, MA, Fractal
  • #32,391
  • Jun 21, 2013 11:28pm Jun 21, 2013 11:28pm
Quoting dlumbangaol
{quote} Exactly, good news can move the market either way, same goes with bad news. A good news may move it up, only for it to come down the next minutes.
Glad that someone understands my point. http://assets.forexfactory.net/nfs/c...ar168114_3.gif
daddybearforex. com
  • #32,392
  • Jun 22, 2013 2:27am Jun 22, 2013 2:27am
Quoting Willow
{quote} is very difficult to make money on AUD pairs, except AUDUSD... lets say... low liquidity most of the time and the worst is they have time to watch closely in deep market to see positions, Aus banks, gov, etc act together to destroy good positions before a big move. Every time i had good positions, i had to give up or lose. I never beat the AUD, yet i make 1-9% daily on most of other pairs i shorted again [email protected] and i know it will be at least back down here, even if it visits 1.47 in the manwhile, so i can't lose, let's see them in...
Thanks Willow - I will have to take a look at Euro (Have been meaning to for ages) - I certainly understand your thoughts re: market manipulation / lack of liquidity in the Aussie. I have been badly burnt before with Australian options - won't go there again!!
  • #32,393
  • Jun 22, 2013 10:36am Jun 22, 2013 10:36am
Quoting Chicky
Thread Promotion: http://www.forexfactory.com/showthread.php?p=6770950#post6770950 You have all the time in the world to unclick the above link
Please don't post your promotion again. Thanks.
daddybearforex. com
  • #32,394
  • Jun 22, 2013 10:40am Jun 22, 2013 10:40am
Quoting DaddyBear
{quote} How about good news came from the USD but AU moved up? This scenario happens all the time. Can you explain why this happened? It's more complicated than you thought, not simple as that.
Yes its called retracement before a huge fall (I. E. When Bernanke opened his mouth ozzie dollar fell like a rock.
  • #32,395
  • Jun 22, 2013 10:42am Jun 22, 2013 10:42am
Quoting Murdetrain
{quote} Yes its called retracement before a huge fall (I. E. When Bernanke opened his mouth ozzie dollar fell like a rock.
I think you did not get my point.
daddybearforex. com
  • #32,396
  • Jun 22, 2013 10:45am Jun 22, 2013 10:45am
The thing is that nobody knew if to take Bernanke's news as good or bad. Good cuz printing less money means economic recovery, but bad because the value of the dollar will rise a bit.
ALOT of confusion.
  • #32,397
  • Jun 22, 2013 11:30am Jun 22, 2013 11:30am
Quoting tomersror
The thing is that nobody knew if to take Bernanke's news as good or bad. Good cuz printing less money means economic recovery, but bad because the value of the dollar will rise a bit. ALOT of confusion.
Any news could be good to some but bad to other people. By saying fundamental drives the market is a simple-minded approach.
daddybearforex. com
  • #32,398
  • Jun 22, 2013 4:55pm Jun 22, 2013 4:55pm
Hi guys this is my first post in here. daddy bear have made a lot of good trade before i become a member thanks bro, it help me a lot i may say.

As far i can say fundamental news important becoz can shape/change people(trader) perception about something. But basically people (trader) can still stick to his trade on the contrary to the news an still make it happen. After all the currency trade made by human, it doesnt need a logical move. The move made by most powerful people (people with lots of money) that make the decision.
  • #32,399
  • Jun 23, 2013 8:53am Jun 23, 2013 8:53am
Quoting hadesdmc
Hi guys this is my first post in here. daddy bear have made a lot of good trade before i become a member thanks bro, it help me a lot i may say. As far i can say fundamental news important becoz can shape/change people(trader) perception about something. But basically people (trader) can still stick to his trade on the contrary to the news an still make it happen. After all the currency trade made by human, it doesnt need a logical move. The move made by most powerful people (people with lots of money) that make the decision.
Welcome, hadesdmc. You are welcome.
IMO, I'd focus on the technical instead of fundamentals.
daddybearforex. com
  • #32,400
  • Jun 23, 2013 9:03am Jun 23, 2013 9:03am
We can all agree that certain critical news like Feds,BOJ devaluation,interest rates have immediate and long term effect.It did not surprise me that Aussie dropped like a stone after interest rate cut.
This is part of trading 101.
In trading, you have to be defensive and aggressive at the same time
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