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AUD/USD

  • #65,401
  • Sep 16, 2013 8:40am Sep 16, 2013 8:40am
Quoting mercie
{quote} This dumb question for the last time...would tapering make USD go up or down?
Printing dollars devalues the dollar, so tapering off the printing has reverse effect.
  • #65,402
  • Sep 16, 2013 8:44am Sep 16, 2013 8:44am
Quoting Bullet
{quote} Printing dollars devalues the dollar, so tapering off the printing has reverse effect.
Thanks for the response bro...I was trying to find my next prayer point which now is 'compulsory tapering'...funny but real!
  • #65,403
  • Sep 16, 2013 8:50am Sep 16, 2013 8:50am
Quoting mercie
{quote} Thanks for the response bro...I was trying to find my next prayer point which now is 'compulsory tapering'...funny but real!
I'm an Atheist so I have to rely on stop losses behind s/r
  • #65,404
  • Sep 16, 2013 8:55am Sep 16, 2013 8:55am
Quoting forexalien
{quote} That statement reminds me of Beer Goggles..........For Forex Trading........ {image} {image}
Lol Hey alien... i've usually got beer goggles (literally) when trading this late as i start scalping from asian session...hahah
  • #65,405
  • Sep 16, 2013 8:56am Sep 16, 2013 8:56am
I am still on the short side, in fact I added
the cautious seldom err....C
  • #65,406
  • Sep 16, 2013 8:57am Sep 16, 2013 8:57am
Quoting pips29
I am still on the short side, in fact I added

yaayyy...that's ma boss!
  • #65,407
  • Sep 16, 2013 9:02am Sep 16, 2013 9:02am
I am biting my finger nails
the cautious seldom err....C
  • #65,408
  • Sep 16, 2013 9:02am Sep 16, 2013 9:02am
Quoting pips29
I am still on the short side, in fact I added
Actually i m thinking too, but not now, i will do it after meeting
Logics do not apply in FOREX
  • #65,409
  • Sep 16, 2013 9:03am Sep 16, 2013 9:03am
Quoting mercie
{quote} This dumb question for the last time...would tapering make USD go up or down?
Nothing is dumb question in ff, if u got any question, ask!
Logics do not apply in FOREX
  • #65,410
  • Sep 16, 2013 9:05am Sep 16, 2013 9:05am
I think i've been posting pretty good setups and levels today - I've booked 193pips in 4 different trades...
I was mostly long but now i'm also selling for a bit...

There seems to be some kind of channel, 1hr momentum is looking good and I'm looking for a 61.8% retracement. As you can see below it's almost all of that gap everyone is carrying on about....i think its achievable. If i'm not making sense i'm tired...

I'm running a trailing stop on this trade of 30pips because i'm calling it a night... good luck guys!
Attached Image (click to enlarge)
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  • #65,411
  • Sep 16, 2013 9:06am Sep 16, 2013 9:06am
Quoting bskwak1124
{quote} Nothing is dumb question in ff, if u got any question, ask!
Yea I sure did and I got response but you never replied.
  • #65,412
  • Sep 16, 2013 9:17am Sep 16, 2013 9:17am
Quoting mercie
{quote} This dumb question for the last time...would tapering make USD go up or down?
Basic. tapering is Dollar bullish no matter what.
Advanced. Tapering is dollar bullish depending what is priced in... say for an example market priced in a probability of 10 bln tapering and, if tapering comes in to 5bln... then people will be uncertain in the short term, dollar bearish but long term dollar bull is here to stay cuz Tapering is gona be here....

Today is a classic example. market was pricing in Larry Summer as next fed Chair and he is a hawkish one.. who is likely to Taper HARD! meaning tapering more than 10bln expectation.
problem is Larry withdrew so next in line is Yellen.
Yellen is a a Dove.... meaning she will avoid intervening th markets, keeping QE unchanged or Low tapering of 5bln. today... we see the uncertainty of yellen being next fedd chair... people are not too enthusiastic about USD because of this but this is only for the short term... cuz tapering HAS to happen....

The fed has used up their bullets wwith unlimited QE and near 0 interest rate... they have to reverse these... sooner or later.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #65,413
  • Sep 16, 2013 9:27am Sep 16, 2013 9:27am
Quoting fxtyrant
{quote} Basic. tapering is Dollar bullish no matter what. Advanced. Tapering is dollar bullish depending what is priced in... say for an example market priced in a probability of 10 bln tapering and, if tapering comes in to 5bln... then people will be uncertain in the short term, dollar bearish but long term dollar bull is here to stay cuz Tapering is gona be here.... Today is a classic example. market was pricing in Larry Summer as next fed Chair and he is a hawkish one.. who is likely to Taper HARD! meaning tapering more than 10bln expectation....

This is a great insight you just gave me. I hope Yellen would stop being dovish and give us something really nice at least for all these gaps too be closed and we'll be back to normal atmosphere. Thanks bro.
  • #65,414
  • Sep 16, 2013 9:36am Sep 16, 2013 9:36am
Quoting mercie
{quote} This is a great insight you just gave me. I hope Yellen would stop being dovish and give us something really nice at least for all these gaps too be closed and we'll be back to normal atmosphere. Thanks bro.
one thing i can give you an insight.

this gap up we have at the top is differrent from the Gap up we experienced 2 weeks ago around 0.90 (which is the bottom)
tell me which one is more likely to close the gap....
the answer is already given since the gap up at the bottom of the range didnt close... so this one is highly likely to close.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #65,415
  • Sep 16, 2013 9:41am Sep 16, 2013 9:41am
Quoting fxtyrant
{quote} one thing i can give you an insight. this gap up we have at the top is differrent from the Gap up we experienced 2 weeks ago around 0.90 (which is the bottom) tell me which one is more likely to close the gap.... the answer is already given since the gap up at the bottom of the range didnt close... so this one is highly likely to close.
I agree, some traffic to get through first though
  • #65,416
  • Sep 16, 2013 9:43am Sep 16, 2013 9:43am
My aussie trade so far. still in the red. I stubbornly refuse to believe that candle with the long wick won't play out, so I had the fibs there and look for 78.6 to short. I took it earlier out of frustration. Hope it plays out
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #65,417
  • Sep 16, 2013 9:44am Sep 16, 2013 9:44am
Quoting fxtyrant
{quote} one thing i can give you an insight. this gap up we have at the top is differrent from the Gap up we experienced 2 weeks ago around 0.90 (which is the bottom) tell me which one is more likely to close the gap.... the answer is already given since the gap up at the bottom of the range didnt close... so this one is highly likely to close.

Yes I actually expect this recent gap to be closed in no time and I know closing the rest gaps wouldn't be a day job.

See the recent update on tapering here http://www.forexcrunch.com/qe-taperi...ncy-reactions/
  • #65,418
  • Sep 16, 2013 9:50am Sep 16, 2013 9:50am
Attached Image (click to enlarge)
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this is the e/u trade . added when price came to the supply zone (shaded in blue) -ve divergence on H4 and previously candles marked 1,2 and 3 had difficulty closing above the line drawn. The last h4 however close above but went into supply zone. Hoping it will close below the line and even further down
the cautious seldom err....C
  • #65,419
  • Sep 16, 2013 9:56am Sep 16, 2013 9:56am
Attached Image (click to enlarge)
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This is for you Mercie. Exactly the point where I mentioned earlier
the cautious seldom err....C
  • #65,420
  • Sep 16, 2013 10:03am Sep 16, 2013 10:03am
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh1.png Size: 67 KB
H1 just closed below last wk. high. Some hope for shorters incl. me
the cautious seldom err....C
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