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AUD/USD

  • #61,081
  • Jul 31, 2013 1:27pm Jul 31, 2013 1:27pm
Quoting Pip Anon
{quote} you'll make it around. and when you go around 2, 3, 78 times you'll say "hey, this looks familiar!" I think everyone learns the hard way not to keep large positions over the weekend (some do, some don't) and trading news like this. Best bet is to into a micro frame and wait till it stops printing higher, grab a quick 20-30 pips and move on.

Yup I just learned the hard way. Like getting kicked in the nuts haha. Oh well you live and you learn. What are you thinking long term? Continue on bearish trend or looking at reversal?
“The chicken is only an egg’s way for making another egg.” R. Dawkins
  • #61,082
  • Jul 31, 2013 1:29pm Jul 31, 2013 1:29pm
Quoting forexalien
{quote} Thanks , I just re-set my TP to 1000 pips...........

You Welcome.This is not on the plate yet but Im thinking to go Long if the outcome is right , maybe next week...

GL
Too Much Is Never Enough
  • #61,083
  • Jul 31, 2013 1:31pm Jul 31, 2013 1:31pm
Quoting samirs
{quote} you mean on your shorts
No, on my longs........
The More You Learn, The More You Earn.....
  • #61,084
  • Jul 31, 2013 1:33pm Jul 31, 2013 1:33pm
Quoting forexalien
{quote} No, on my longs........
H4 is nearing a bottom.......
The More You Learn, The More You Earn.....
  • #61,085
  • Jul 31, 2013 1:35pm Jul 31, 2013 1:35pm
Quoting Pip Anon
{quote} I don't know what kind of statement is "Im not holding any position on AUd/Usd at th emoment but I think we might se a correction to 1,000...just my toughts..."
Its not a statement this is a personal point of view!!! this point of view indicates my outlok to goo Long at one point...

Thats all
Too Much Is Never Enough
  • #61,086
  • Jul 31, 2013 1:36pm Jul 31, 2013 1:36pm
Quoting Jason1551
{quote} Yup I just learned the hard way. Like getting kicked in the nuts haha. Oh well you live and you learn. What are you thinking long term? Continue on bearish trend or looking at reversal?
Lol I know what you mean. I do. I believe it will chop downward. The moves in Aussie are soooo exaggerated that it snaps back violently. I just don't bother trying to pick a bottom, as we can all see it's not as easy as it seems.

Until the underlying fundamentals in Australia change (I don't look at cash prices for commodities like gold. These are trading instruments. Many miners cut reserves as cost is almost as much as market value), I don't think green candles will stay long. I will hold off on longs untill a close above .93
When the facts change I change my mind, what do you do sir
  • #61,087
  • Jul 31, 2013 1:37pm Jul 31, 2013 1:37pm
if 8960 holds after a correction then we are truely long - the july is OVER
Gold Annihilation System
  • #61,088
  • Jul 31, 2013 1:37pm Jul 31, 2013 1:37pm
I think you have just seen the lows on AUD. If it clears 90 then you just saw the lows for this multi month move down!
  • #61,089
  • Jul 31, 2013 1:37pm Jul 31, 2013 1:37pm
I like this long talk
The coincidental success is more dangerous than the expected failure
  • #61,090
  • Jul 31, 2013 1:38pm Jul 31, 2013 1:38pm
Quoting samirs
{quote} you mean on your shorts
I am confused , which direction is it traveling...........?
The More You Learn, The More You Earn.....
  • #61,091
  • Jul 31, 2013 1:38pm Jul 31, 2013 1:38pm
Quoting Nagy Attila
{quote} Its not a statement this is a personal point of view!!! this point of view indicates my outlok to goo Long at one point... Thats all
Well, a point of view is a statement. I am ok with it, I am curious on why you think that is all. I would like to go long at some point too, but haven't in 3 months. There are many resistance points til parity and Aussie keeps making more every week it seems
When the facts change I change my mind, what do you do sir
  • #61,092
  • Jul 31, 2013 1:39pm Jul 31, 2013 1:39pm
The fact remains... R:R is excellent.

Manage your money well, and you'll be one happy trader.
  • #61,093
  • Jul 31, 2013 1:40pm Jul 31, 2013 1:40pm
Quoting JollyBean
The fact remains... R:R is excellent. Manage your money well, and you'll be one happy trader.
and it gets even better the further down it travels. Lets see if it closes above .9
When the facts change I change my mind, what do you do sir
  • #61,094
  • Jul 31, 2013 1:44pm Jul 31, 2013 1:44pm
Quoting JollyBean
The fact remains... R:R is excellent. Manage your money well, and you'll be one happy trader.
Yes R:R is looking very good at this point. CHF, CAD, JPY all agree with long AUD
  • #61,095
  • Jul 31, 2013 1:46pm Jul 31, 2013 1:46pm
Quoting Pip Anon
{quote} Well, a point of view is a statement. I am ok with it, I am curious on why you think that is all. I would like to go long at some point too, but haven't in 3 months. There are many resistance points til parity and Aussie keeps making more every week it seems
Wach to break above 0,9000 and go to around 0,9300 and then wach for a correction and go long from there .THis si what Im looking for ...to reach 0,9300 and go long on correction.Thats why Im sidlined this is to dangerous to go long at this point...
Too Much Is Never Enough
  • #61,096
  • Jul 31, 2013 1:49pm Jul 31, 2013 1:49pm
Quoting Nagy Attila
{quote} Wach to break above 0,9000 and go to around 0,9300 and then wach for a correction and go long from there .THis si what Im looking for ...to reach 0,9300 and go long on correction.Thats why Im sidlined this is to dangerous to go long at this point...
And just wondering... what would your strategy be if for some reason, it blasts through 0.93 without correcting?
  • #61,097
  • Jul 31, 2013 1:50pm Jul 31, 2013 1:50pm
seems we REVERSE soon
Gold Annihilation System
  • #61,098
  • Jul 31, 2013 1:52pm Jul 31, 2013 1:52pm
Quoting JollyBean
{quote} And what would your strategy be if for some reason, it blasts through 0.93 without correcting?

Are you serious???

If it blast through 0,9300 then resistance becomes support...Im gonna let you figure out the rest...
Too Much Is Never Enough
  • #61,099
  • Jul 31, 2013 1:54pm Jul 31, 2013 1:54pm
Quoting Hunterrus
seems we REVERSE soon
I agree. RSI is high. Now its the waiting game. .90 will be crucial though. But like the old saying goes "what goes up, must come down"
“The chicken is only an egg’s way for making another egg.” R. Dawkins
  • #61,100
  • Jul 31, 2013 1:58pm Jul 31, 2013 1:58pm
Quoting Jason1551
{quote} I agree. RSI is high. Now its the waiting game. .90 will be crucial though. But like the old saying goes "what goes up, must come down"
True for most of the time but if you have stuff like voyager spacecraft, etc they do go up and never come down...
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