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  • #1,022,921
  • Aug 27, 2015 9:28am Aug 27, 2015 9:28am
[qa uote=forexings;8460526]If it breaks 1125 then 1.1 is the last hope for bull. If hole come out with big blow again I will be looking for 1.05 again[/quote]
a exporting economy with a negative gdp is broke, clue
those who can, do. those who cant, talk about those who can
  • #1,022,922
  • Aug 27, 2015 9:29am Aug 27, 2015 9:29am
I know some other traders here talk about USD/CAD,,was the recent 3 hr drop all of sudden due to the crude price going up as well over the same time period? was having a nice ride up till then,,now Stopped out.
  • #1,022,923
  • Aug 27, 2015 9:33am Aug 27, 2015 9:33am
Quoting Amg63
I know some other traders here talk about USD/CAD,,was the recent 3 hr drop all of sudden due to the crude price going up as well over the same time period? was having a nice ride up till then,,now Stopped out.
Among other things, yes


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  • #1,022,924
  • Aug 27, 2015 9:37am Aug 27, 2015 9:37am
Quoting gatorinla
{quote} LL
What does LL mean... ? Low Level<?
  • #1,022,925
  • Edited 9:51am Aug 27, 2015 9:38am | Edited 9:51am
Quoting gatorinla
{quote} u.s. military is not free. its not paid for from other countries. it allows those other countries to benefit by not having much more of their gdp toward defence. it frees money up for more social programs such as education. indirectly/directly they all benefit from u.s. defence and will benefit more with less oil expense for u.s. they will benefit themselves since they are not producers because it flows freely to them. the first country to get its valve closed is israel w/o the big brother benefit.
This is true and not true. Most of Europe and part of Asia has benefited from it. I would argue, however, that it is the Chinese who have actually paid for it so far and not the American public. For example: the amount the US spent 1.7 trillion on the Iraq war (almost 10% of its GDP) and it owes the Chinese 1.3 trillion. So it's like the US does the job of policing the world (which, insofar as one thinks that the world actually needs policing everybody else benefits from) but the Chinese are the ones who actually finance it at the moment. Of course, they will get paid back eventually, but in deflated dollars.

If the US feels less need to d0 that because it can meet its own energy needs, then its economy will benefit.
  • #1,022,926
  • Aug 27, 2015 9:38am Aug 27, 2015 9:38am
EUR/USD pull back for the third day with high volatility price will be testing support level 1.1200 and then the MA(20).
  • #1,022,927
  • Aug 27, 2015 9:39am Aug 27, 2015 9:39am
Quoting mkvy
{quote} What does LL mean... ? Low Level<?
its a LL.. its below 1209.. if it can't be held with a close below, is when u cant slightly better bounce chance.. just st atm .. it also hasn't closed above R so ping and pong till one gives up
those who can, do. those who cant, talk about those who can
  • #1,022,928
  • Aug 27, 2015 9:43am Aug 27, 2015 9:43am
Quoting gatorinla
{quote} it a LL.. its below 1209.. if it cant be held with a close below, is when u cant slightly better bounce chance
I still cant believe the price has dropped this much so quick... thinking about all the traders who do the 'let your profits run' strategy... i think that can only work for Very long term traders who place a trade one or 2 times a year... and that aint me... wish i could
  • #1,022,929
  • Aug 27, 2015 9:43am Aug 27, 2015 9:43am
Quoting mkvy
Looking to Buy AUDUSD in the next few hours looks possible, 100 pip TP will be fine, thankyou very much I completely ignore the numbers.. x.xxxx who cares, time and time again the market does not care about it!
Agree with that as CCI about to cross 100 , don't know if you use that but it's reliable ...
  • #1,022,930
  • Aug 27, 2015 9:47am Aug 27, 2015 9:47am
Quoting M007850
Out for today. 25 pips SL, 40+50 pips TPs = 90/2 = 45 pips profit. Usually when I take off half I let the rest ride but I'm feeling done for the week (and month). {image}
Second TP level got filled shortly after I closed the trade, I shall not be greedy though.
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  • #1,022,931
  • Aug 27, 2015 9:47am Aug 27, 2015 9:47am
Quoting Ken A
{quote} Among other things, yes {image} {image} {image}
Thanks Ken and for the charts as well,slightly expensive lesson learned. i suspected that oil is a major factor on the pair, but i was watching some other pairs and didnt TP soon enough.
  • #1,022,932
  • Aug 27, 2015 9:58am Aug 27, 2015 9:58am
maybe it found support here
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follow the flow
  • #1,022,933
  • Aug 27, 2015 10:15am Aug 27, 2015 10:15am
Quoting Atihun
follow the flow
Where is it flowing
  • #1,022,934
  • Aug 27, 2015 10:17am Aug 27, 2015 10:17am
Quoting Ken A
{quote} Where is it flowing
sometimes i must feel smarter than the market.. (and pay)
follow the flow
  • #1,022,935
  • Aug 27, 2015 10:17am Aug 27, 2015 10:17am
so it will rebound or just stay drop ? haha anyone?
  • #1,022,936
  • Aug 27, 2015 10:23am Aug 27, 2015 10:23am
Quoting mkvy
{quote} What does LL mean... ? Low Level<?
Lower Lows.
  • #1,022,937
  • Aug 27, 2015 10:42am Aug 27, 2015 10:42am
Quoting Qipips
{quote} Max, I have similar view as you.Price bounce 14 pips before my target. I will wait to see how price will move now and find good place for long , coz price can drop more. {image}
As I say in the morning price continue falling, i take one long trade around my target but i close it after two pips., downtrend (or corections) is very strong.I still have one little short positions from the top. Now it is hard to say where price will find support.
To me, looks like that first stronger support is around 1.1145/09
Happy trading
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  • #1,022,938
  • Aug 27, 2015 10:43am Aug 27, 2015 10:43am
http://news.forexlive.com/!/speaking...-2015-20150827
  • #1,022,939
  • Aug 27, 2015 10:48am Aug 27, 2015 10:48am
be aware in regards of month end.
tomorrow is the last full day.
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follow the flow
  • #1,022,940
  • Aug 27, 2015 10:49am Aug 27, 2015 10:49am
Quoting venividivici
{quote} Yes!
Thought so
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