hey guys i'm short and it is making new lows everytime and breaking some resistances however there is something stopping this down movement.. are people waiting for the news?
- #68,644
- Oct 29, 2013 7:14am Oct 29, 2013 7:14am
- | Joined Feb 2007 | Status: Small is beautifull | 1,368 Posts
- #68,646
- Oct 29, 2013 7:50am Oct 29, 2013 7:50am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
{quote} I have started building my short position with my first entry at 0.9499 No SL Target is sub 8800 Will add more on every rally above or below this level. AUDUSDCALL
I have given up on holding this pair short because the carry is too expensive (it ate up almost 50% of my profit.
I am happier going long, but will not do that until after FOMC if it is ripe for such a trade.
In the meantime, I am holding my lusciously green AUD/NZD longs
All the lower ones are set to B/E
The last one I entered at 1.1515 which is now slightly underwater.
Here is the post from my last long entry...
{quote} And mechanically I am following... Added long at 1.1515 {image} AUDNZDCALL
Those who say it cannot be done should not interrupt those who are doing it
- #68,649
- Oct 29, 2013 8:40am Oct 29, 2013 8:40am
- Joined Jan 2012 | Status: Trader | 1,005 Posts
{quote} I've closed both my AUD/USD shorts for a nice profit at 9491 I have given up on holding this pair short because the carry is too expensive (it ate up almost 50% of my profit. I am happier going long, but will not do that until after FOMC if it is ripe for such a trade. In the meantime, I am holding my lusciously green AUD/NZD longs
What is the secret behind being comfortable with the drawdowns ? With this and audusd.
- #68,651
- Oct 29, 2013 9:09am Oct 29, 2013 9:09am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
{quote} That kind of position building needs some balls PipTrapper congrats
Those who say it cannot be done should not interrupt those who are doing it
- #68,654
- Oct 29, 2013 10:41am Oct 29, 2013 10:41am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
{quote} Looks like the sell from 9600 last thursday paid off.
Those who say it cannot be done should not interrupt those who are doing it
- #68,655
- Oct 29, 2013 10:44am Oct 29, 2013 10:44am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #68,656
- Oct 29, 2013 10:56am Oct 29, 2013 10:56am
- Joined Jan 2013 | Status: Trading defies logic | 4,643 Posts
When the facts change I change my mind, what do you do sir
- #68,657
- Oct 29, 2013 11:03am Oct 29, 2013 11:03am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
{quote} The only waves I like are at the beach. Looks like it's heading to the 50 EMA tho. .9414 is looking good.
Those who say it cannot be done should not interrupt those who are doing it
- #68,658
- Oct 29, 2013 11:09am Oct 29, 2013 11:09am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #68,660
- Oct 29, 2013 11:33am Oct 29, 2013 11:33am
- Joined Jan 2013 | Status: Trading defies logic | 4,643 Posts
{quote} Elliott waves enable me to spend more time at the beach
When the facts change I change my mind, what do you do sir