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  • #60,901
  • Jul 29, 2013 11:21pm Jul 29, 2013 11:21pm
Quoting tony_dtrader
{quote} that's because if a trader was planning to long, these would be the ideal prices
Technically, we're are 1,600 pips since the massive crash. Traders thought every price decline was ideal only to watch their little Aussie dreams turn into nightmares.

Quoting 2+2=4ex
Despite drop in Aussie-Dollar, retailer's open position ratio continues to get more lopsided... {image}
I have seen that be totally wrong. I wouldn't place bets on it; more like a contrarian index. retailers think "oh, wow! 143 pips down. They hit Cramer's buy, buy, buy" button only to watch it consolidate, maybe retrace 50-60 pips to decline further. The trend is obvious down since like forever it seems. I would stay out of the long business and just be patient enough to load shorts. It's higher probability than to hope this thing rips up at some point.
Attached File(s)
File Type: mp3 Buy buy buy.mp3   33 KB | 197 downloads
File Type: mp3 Baby button.mp3   92 KB | 198 downloads
When the facts change I change my mind, what do you do sir
  • #60,902
  • Jul 29, 2013 11:43pm Jul 29, 2013 11:43pm
Quoting Trader88q
short 9070 SL 9550. ahahah that is f forex
Wow, your SL... I guess ur tp is is 0.90?
Logics do not apply in FOREX
  • #60,903
  • Jul 29, 2013 11:45pm Jul 29, 2013 11:45pm
Quoting Pip Anon
I have seen that be totally wrong. I wouldn't place bets on it; more like a contrarian index. retailers think "oh, wow! 143 pips down. They hit Cramer's buy, buy, buy" button only to watch it consolidate, maybe retrace 50-60 pips to decline further. The trend is obvious down since like forever it seems. I would stay out of the long business and just be patient enough to load shorts. It's higher probability than to hope this thing rips up at some point.
When I post the open position ratios illustration, why do so many people assume I'm saying follow the crowd??

I am posting it as a contrarian indication! Read the post before you comment!
  • #60,904
  • Jul 29, 2013 11:50pm Jul 29, 2013 11:50pm
Even more open longs (vs shorts)...
Attached Image
  • #60,905
  • Jul 30, 2013 12:05am Jul 30, 2013 12:05am
Quoting 2+2=4ex
Even more open longs (vs shorts)... {image}
To me it seems like... Retracement, not actual buyer
Logics do not apply in FOREX
  • #60,906
  • Jul 30, 2013 12:23am Jul 30, 2013 12:23am
Quoting 2+2=4ex
{quote} When I post the open position ratios illustration, why do so many people assume I'm saying follow the crowd?? I am posting it as a contrarian indication! Read the post before you comment!
Dude, it was a general comment. Relax. I didn't name you personally, did I?
When the facts change I change my mind, what do you do sir
  • #60,907
  • Jul 30, 2013 12:32am Jul 30, 2013 12:32am
Quoting Pip Anon
{quote} Technically, we're are 1,600 pips since the massive crash. Traders thought every price decline was ideal only to watch their little Aussie dreams turn into nightmares. {quote} I have seen that be totally wrong. I wouldn't place bets on it; more like a contrarian index. retailers think "oh, wow! 143 pips down. They hit Cramer's buy, buy, buy" button only to watch it consolidate, maybe retrace 50-60 pips to decline further. The trend is obvious down since like forever it seems. I would stay out of the long business and just be patient enough...

Whats your move with loading shorts in face of the U.S. data coming out in the morning? Could be some big movement.
“The chicken is only an egg’s way for making another egg.” R. Dawkins
  • #60,908
  • Jul 30, 2013 12:35am Jul 30, 2013 12:35am
Quoting Pip Anon
{quote} Dude, it was a general comment. Relax. I didn't name you personally, did I?
I am relaxed. You have no idea how relaxed I am right now.

To answer your question, yes, you were replying to my post. For starters you quoted it. Then started your reply with "I have seen that be totally wrong" (incorrect assumption I might add) and then followed it up with "more like a contrarian indicator" (which is what I was getting at). Now maybe I'm crazy, but how can one not think that was not a reply to me?

Just sayin'
  • #60,909
  • Jul 30, 2013 12:44am Jul 30, 2013 12:44am
Quoting 2+2=4ex
{quote} I am relaxed. You have no idea how relaxed I am right now. To answer your question, yes, you were replying to my post. For starters you quoted it. Then started your reply with "I have seen that be totally wrong" (incorrect assumption I might add) and then followed it up with "more like a contrarian indicator" (that's what I was getting at) and then some more explanation about how some traders see it as "buy, buy, buy" (you even posted Cramers sound file) and then go bust. Now maybe I'm crazy, but how can one not think that was not...
Yea some traders. You posted something, and I replied with a general comment about what you posted. Read the context next time. For now on I will reply:

To 2+2=4ex and not to 2+2=4ex to clarify things

I referred to you, as in your person, not once in the comment. I did refer to your content. Just sayin
When the facts change I change my mind, what do you do sir
  • #60,910
  • Jul 30, 2013 12:50am Jul 30, 2013 12:50am
Nice Dive from Aussie
Too Much Is Never Enough
  • #60,911
  • Jul 30, 2013 12:55am Jul 30, 2013 12:55am
Quoting Pip Anon
{quote} Yea some traders. You posted something, and I replied with a general comment about what you posted. Read the context next time. For now on I will reply: To 2+2=4ex and not to 2+2=4ex to clarify things I referred to you, and in your person, not once in the comment. I did refer to your content. Just sayin
Then why didn't you just say, 'oh that's a good contrarian index' instead of "that is more like a contrarian index"? It's okay, you can admit it, you totally assumed incorrectly and in saying, "I have seen that totally be wrong". You obviously thought I was implying that's a good indication to buy when I wasn't. Again, no shame in admitting a mistake. None of us are perfect.

Lastly, you don't have to name someone by their actual name to address them or respond to them. So you may not have said: to 2+2=4ex, but we all know who you were addressing. It was obvious in the "context".
  • #60,912
  • Jul 30, 2013 1:00am Jul 30, 2013 1:00am
Fellows, can someone find the bottom? I believe 9030 is the first target for now?
Gold Annihilation System
  • #60,913
  • Jul 30, 2013 1:12am Jul 30, 2013 1:12am
  •  pipsfx
  • | Joined Nov 2008 | Status: Wanted to do well as others too. | 11 Posts
Similar experiance last week when it takes off +100pips .. erm.
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  • #60,914
  • Jul 30, 2013 1:14am Jul 30, 2013 1:14am
Quoting Hunterrus
Fellows, can someone find the bottom? I believe 9030 is the first target for now?
I suppose you might be using a smaller time frame with 9030.

On the weekly I have ~.85
Attached Image (click to enlarge)
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  • #60,915
  • Jul 30, 2013 1:15am Jul 30, 2013 1:15am
Quoting 2+2=4ex
{quote} Then why didn't you just say, 'oh that's a good contrarian index' instead of "that is more like a contrarian index"? It's okay, you can admit it, you totally assumed incorrectly and in saying, "I have seen that totally be wrong". You obviously thought I was implying that's a good indication to buy when I wasn't. Again, no shame in admitting a mistake. None of us are perfect. Lastly, you don't have to name someone by their actual name to address them or respond to them. So you may not have said: to 2+2=4ex, but we all know who you were...
Clearly, you cannot read the context. You can play with words as you like. The only thing I must admit is that it is funny watching you try to make something out of nothing.

Your original comment referred to retail traders as did mine. You can reread it if you like. I mentioned that I have seen the Oanda thing and seen price action contrary to what it shows.

Perhaps, next time I can spell it out so you're not so confused.
When the facts change I change my mind, what do you do sir
  • #60,916
  • Jul 30, 2013 1:17am Jul 30, 2013 1:17am
Quoting 2+2=4ex
{quote} I suppose you might be using a smaller time frame with 9030. On the weekly I have ~.85 {image}
not on weekly of course but we need to know where a small buyer can appear to go with it
Gold Annihilation System
  • #60,917
  • Jul 30, 2013 1:21am Jul 30, 2013 1:21am
Quoting Jason1551
{quote} Whats your move with loading shorts in face of the U.S. data coming out in the morning? Could be some big movement.
I don't have any Aussie on the books. Shorted the rejection of 200 exponential MA, but been out for a little while. In a pair like this, I just don't mess with trying to pick bottoms.

And in my previous comment, I didn't say I was loading short ahead of something. I said in this type of decline, the long position is more of guesswork. The weekly range is .90-.93. The last month has been within this range. I most likely would not look unless it broke out the top with momentum, but this week's candle, all few hrs of it has just about erased two weeks of gains.
When the facts change I change my mind, what do you do sir
  • #60,918
  • Jul 30, 2013 1:24am Jul 30, 2013 1:24am
Quoting 2+2=4ex
{quote} I suppose you might be using a smaller time frame with 9030. On the weekly I have ~.85 {image}
To 2+2=4ex,

I agree with you.

Sincerely,

Pip
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-07-30-TOS_AUDUSDWk.png Size: 109 KB
When the facts change I change my mind, what do you do sir
  • #60,919
  • Jul 30, 2013 1:26am Jul 30, 2013 1:26am
Quoting Pip Anon
{quote} Clearly, you cannot read the context. You can play with words as you like. The only thing I must admit is that it is funny watching you try to make something out of nothing. Your original comment referred to retail traders as did mine. You can reread it if you like. I mentioned that I have seen the Oanda thing and seen price action contrary to what it shows. Perhaps, next time I can spell it out so you're not so confused.
Don't worry. There's no confusion. It's all written out for everyone to see clearly who's playing with words. Yes it may be trivial stuff and I could of let it slide, but just wanted to point out you assumed incorrectly so others reading wouldn't take it incorrectly like you did. That's all. Wasn't making a big deal of it, hence the "just sayin'". You're the one turning a mole hill into a mountain. Aside from that you do seem to have an ego problem however. You can't admit you made a mistake in your assumption. Hopefully (for your sake) you are not so stubborn in your trading. Take it easy mate!
  • #60,920
  • Edited 7:03am Jul 30, 2013 1:28am | Edited 7:03am
I'm off to bed. Good luck all.

EDIT: you too Pip Anon
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