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  • #62,361
  • Aug 15, 2013 11:47am Aug 15, 2013 11:47am
Quoting Lattepips
{quote} No wonder ur name is dream trader I guess you dream too much for pa to reach 9020 have you seen the buy orders lined up?

Let see who is right.
Tonight is RBA Assist Gov Debelle Speach - it will make strong move to SL or TP. Tehnically there is second (long) target at 0.9370, but I think that first will be 0.9020.
  • #62,362
  • Aug 15, 2013 12:17pm Aug 15, 2013 12:17pm
Quoting Animal
I placed my entry short on 9065. Tought it was M Pattern. Waiting for a break. now look what it done {image}
1st identify where the stop loss - > risk.

2ndly, if PA does not close under last support = no break out. See hour 1.

PA just exploded and USD going down. USDJPY's R T S likely at 96.85-97.05. Price have power to move still.

Follow what price wants to do!

i am confused by what people are talking about formation this and that, when they don't know how the real world are dealing in the Fx banks. Do try to ask someone from tier 1 banks, and how money are move, and try to in-sync them to the chart to make rational reasoning.

Indicators can be helpful but don't listen or believe in those content that brokers/standard information people gives. learn to read obvious PA at levels.
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  • #62,363
  • Aug 15, 2013 12:26pm Aug 15, 2013 12:26pm
Quoting Dream_trader
{quote} Let see who is right. Tonight is RBA Assist Gov Debelle Speach - it will make strong move to SL or TP. Tehnically there is second (long) target at 0.9370, but I think that first will be 0.9020.
2 types of trading -> Technical / fundamental.

Fundamental - > overall trend or news trading technique.

Technical -> Read what price wants to do now, and don't care about the future or the past, its all about now and now.

IF RBA, then wait till then and see what price is doing and do the proper set up.

green positions, can become red, red can become green, until either one get stopped out or margin call.

Quote
No one is right or wrong, its only are you following the trend at the moment?

last bear 0.9115 enjoys a ride of positive 50 pips into 0.9060. a bull loader who have long 0.9100 earlier get caught near 40 pips dd.

now, the other round, 0.9115 from green become red! now - 20 pips dd. and bull who was -40 gets a + 20++

?? seriously? i would rather follow the ride and exit.
  • #62,364
  • Aug 15, 2013 12:30pm Aug 15, 2013 12:30pm
0.902 is highly unlikely because there is too much buying interest around 0.905-0.907. It has bounced right back up twice after reaching that point.
  • #62,365
  • Aug 15, 2013 12:40pm Aug 15, 2013 12:40pm
My stop loss now is at entry, so no worry. I placed it befor US news, because I didn know what will happen...
  • #62,366
  • Aug 15, 2013 1:22pm Aug 15, 2013 1:22pm
Looking to close all Long on Aud/Usd at 0,918...and short sometimes next week

Eur/Usd long and DAX short already closed
Too Much Is Never Enough
  • #62,367
  • Aug 15, 2013 2:53pm Aug 15, 2013 2:53pm
Quoting Nagy Attila
Looking to close all Long on Aud/Usd at 0,918...and short sometimes next week Eur/Usd long and DAX short already closed
Quite the debate we are having over the 9138 area. Who will emerge victorious...?
  • #62,368
  • Aug 15, 2013 4:41pm Aug 15, 2013 4:41pm
Quoting thelittleone
0.902 is highly unlikely because there is too much buying interest around 0.905-0.907. It has bounced right back up twice after reaching that point.

I have to agree with that.

My bot is actually telling me it would be buying now (913 area) if the filters were not guessing of selling interest above and asking me to guesstimate and verify its prediction.

Quoting 5percent
{quote}Follow what price wants to do! i am confused by what people are talking about formation this and that, when they don't know how the real world are dealing in the Fx banks.
I too am a great believer in supply and demand but i do not consider it static, IMO one cant harness it in a box and say there it is or even say there it was, it is all over and constantly evolving.
One can sea the point where there was more of one than the other from the PA.
One can try to look it up in order books or just guess how much there was and try to predict how much is left from the PA, but one canot know what order some large player e.g bankster just canceled or placed, so predicting what they might do next is also part of the game. Just my humble opinion.
  • #62,369
  • Aug 15, 2013 6:17pm Aug 15, 2013 6:17pm
Quoting Kissa
{quote} I have to agree with that. My bot is actually telling me it would be buying now (913 area) if the filters were not guessing of selling interest above and asking me to guesstimate and verify its prediction. {quote} I too am a great believer in supply and demand but i do not consider it static, IMO one cant harness it in a box and say there it is or even say there it was, it is all over and constantly evolving. One can sea the point where there was more of one than the other from the PA. One can try to look it up in order books or just guess...
Thus the pic I shared. Identify what's happening at the current market .
  • #62,370
  • Aug 15, 2013 6:47pm Aug 15, 2013 6:47pm
Below this line is sell...
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  • #62,371
  • Aug 15, 2013 8:10pm Aug 15, 2013 8:10pm
Is there any live feed of RBA Assist Gov Debelle speaking?
  • #62,372
  • Aug 15, 2013 8:33pm Aug 15, 2013 8:33pm
http://www.rba.gov.au/speeches/2013/sp-ag-160813.html
here you go. Hoping it would reach 0.92 tonight
  • #62,373
  • Aug 15, 2013 8:35pm Aug 15, 2013 8:35pm
aussie have just broken a hard resistance 9145 up up
Get Rich or Die Tryin
  • #62,374
  • Aug 15, 2013 8:51pm Aug 15, 2013 8:51pm
Quoting hoom
aussie have just broken a hard resistance 9145 up up
And now coming back to test the same region for support, lets see who wants to buy now. If we hold here 92 is possible before we close for weekend.
  • #62,375
  • Aug 15, 2013 9:28pm Aug 15, 2013 9:28pm
Attached Image
  • #62,376
  • Aug 15, 2013 9:49pm Aug 15, 2013 9:49pm
should reach 9185 by tomorrow ...
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Get Rich or Die Tryin
  • #62,377
  • Aug 15, 2013 10:07pm Aug 15, 2013 10:07pm
9170...up up
Attached Image (click to enlarge)
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Get Rich or Die Tryin
  • #62,378
  • Aug 15, 2013 10:10pm Aug 15, 2013 10:10pm
Wonder if this has to do with Debelle saying "...the cash rate consistently trades at the Board's target..."
  • #62,379
  • Aug 15, 2013 10:11pm Aug 15, 2013 10:11pm
just trade what you see in chart
Get Rich or Die Tryin
  • #62,380
  • Aug 15, 2013 10:41pm Aug 15, 2013 10:41pm
Quoting samirs
{quote} are you expecting a reversal at 9185
nothing is clear at the moment, and friday is not the greatest day to trade so be carefull and manage your money wisely
Get Rich or Die Tryin
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