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mpurdy1973 replied Apr 28, 2011funny. however, i dont see a top anytime soon. i think we will see 1.10 tonight. the is nothing to look for in the usd right now. thats why normal tops keep being blown thru. at some point there will be a hard retracement; however, i still dont ...
AUDUSD for informed traders
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mpurdy1973 replied Apr 27, 2011i have given up on technical trading with the aussie...just go buy on the dips.
AUD/USD
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mpurdy1973 replied Apr 26, 2011okay thanx... i am long now at 1.0840 (took a few pips profit on the sell... thought i might drop back 20 pips before the the second leg up after to news)
AUD/USD
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mpurdy1973 replied Apr 25, 2011two strong support areas — two areas of support 1) 1.05 2) 1.02 I dont see it going much lower than #1, however, if it hits #2, strong buy.
AUD/USD
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mpurdy1973 replied Apr 21, 2011i think you are right; however, it may pop up to 1.08 first. we will see tonight.
AUD/USD
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mpurdy1973 replied Apr 21, 2011its stalling; i dont think we are going to see 1.08 before a drop. i have my stop locked in one pip above entry. most likely i am going to be taken out. update: i guess i was wrong on that one; glad i didnt close out positions :-) update2: i am flat ...
AUDUSD for informed traders
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mpurdy1973 replied Apr 20, 2011where do you see this currency going? forcaster had it at the beginning of the year at 1.05 - 1.06; however we have blown thru them fast. thats why i am thinking that it could drop fast if it get much higher? see month chart where this happen in ...
AUDUSD for informed traders
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mpurdy1973 replied Apr 20, 2011few observations: 1) the the strong push up you would have thought there would have been a big retracement 2) looks like a bull flag 3) looks like a rounded pattern 4) aussie and kiwi are the only good currencies left i think we will hit 1.08 if not ...
AUDUSD for informed traders
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mpurdy1973 replied Apr 20, 2011i close the short: entry: 7660 exit: 7527 and now i am long: long @ 7537 sl @ 7330 it may push to a new high and when it start to stall i will short it again.
AUDUSD for informed traders
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mpurdy1973 replied Apr 20, 2011first, i should had waited till now and i would have been making money instead of recovering from loses! second, i trade for fun, if i had 20k in my account i would have sat on the sidelines third, if you are going to short, i shorted at the top. we ...
AUDUSD for informed traders
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mpurdy1973 replied Apr 20, 2011yes, i would agree. dumb money doesnt do anything to move the market except in a a buy or selling after news which is short lived (note: that when the smart money buys and sell because they have so many lot to get rid of they have to wait till the ...
AUDUSD for informed traders
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mpurdy1973 replied Apr 20, 2011there is two types of money: 1) smart money 2) dumb money all of us are dumb money; which is to say we have to follow the trends and reversal compared to the smart money which always makes money and moves the market (note: dumb money doenst mean the ...
AUDUSD for informed traders
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mpurdy1973 replied Apr 20, 2011where do you go for your research? i believe you are right. the usd is going nowhere fast! and gbp and eur are not that much better.
AUDUSD for informed traders
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mpurdy1973 replied Apr 20, 2011the fact that is was 1.2 and the market stalled; looks like it is going down soon. it will probably be 1.08 next week; but i think you will see a bound of of 1.056 first.
AUDUSD for informed traders
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mpurdy1973 replied Apr 20, 2011okay, that makes sense...i closed my shorts and i am long.
AUDUSD for informed traders
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mpurdy1973 replied Apr 20, 2011yes next year it will be like the gbpusd!
AUDUSD for informed traders
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mpurdy1973 replied Apr 20, 2011i have a very small trading account; and i am trading for fun. for me i want to beat the market. however, if i was a full time trader with real money i would sit this out. but i think the "big money" is selling to the "small money" right now and ...
AUDUSD for informed traders