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mpurdy1973 replied Dec 13, 2011about to break out of a 6 hour channel; if i was brave i would go long; but i am not; so i will wait till later to short :-) probably would be safer to short the euraud; seems to be trading in inverse to the audusd right now.
AUD/USD
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mpurdy1973 replied Dec 13, 2011short again 0002; with short stop; i think tonight the hopium is not going to work :-)
AUD/USD
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mpurdy1973 replied Dec 13, 2011made some pips; took half off... the bulls are not going to die this fast. well they just got a new hit of hopium! and away they go... now to wait and watch (too chicken to go long :-)
AUD/USD
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mpurdy1973 replied Dec 13, 2011if we move a few more pips; i think we will be filling last months gap this week :-)
AUD/USD
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mpurdy1973 replied Dec 13, 2011looks like the hopium high is over for now! however, maybe they will find another dose ???
EURUSD
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mpurdy1973 replied Dec 13, 2011shorts are locked in with a few pips profit...let them ride... however, i we could get a bounce :-( but overall i think we will be testing 9700 this year.
AUD/USD
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mpurdy1973 replied Dec 12, 2011np; i always like feedback; i dont trade full time. have a full time job and most of the time i dont get to watch the market; all the good move normally happen when i am in a meeting or at 3am when i am sleeping! therefore sometimes i get impatience ...
AUD/USD
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mpurdy1973 replied Dec 12, 2011i understand where you are coming from; however, since it was the start of a new day (GMT time), sometimes you get a big move (since euro is falling apart)... it was a chance, it didnt work; however, thats why i used very small stop.
AUD/USD
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mpurdy1973 replied Dec 12, 2011no, i am not that good; and sometime take a small lot size with a larger stop (50-100) pips. i was just hoping that the it would push down; if it did; it would be a good ride; if not, i didnt really lose anything. so, yes, i agree, normally i do ...
AUD/USD
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mpurdy1973 replied Dec 12, 2011not if you get it at the top of a range and it goes your direction for a few 100 pips... in this case it didnt; however, with a small stop you dont lose that much: if you are risking 1 pip to make 10; you only have to be 20% correct to make a nice ...
AUD/USD
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mpurdy1973 replied Dec 12, 2011well, still net loss tonight...we will see how it goes :-) the "hopium" drug may come out in full force tonight; otherwise we could see new lows.
AUD/USD
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mpurdy1973 replied Dec 12, 2011just went short with 15 lots (mini lots) at 0054; tight stop 0085 and watching in case it goes against me... hopefully we get a drop; however, we are in the demand zone; but it is does blow away the low; its going to drop :-) well, i got out; i ...
AUD/USD
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mpurdy1973 replied Dec 11, 2011hedge trade: as long as it moves one way or the other (no whipsaw), then yes, that looks good... im a little scared because we are right in the middle...could just bounce around this week???
AUD/USD
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mpurdy1973 replied Dec 11, 2011i plan on shorting if we get up to around 3600; i hope it goes higher to about 3800 so i get get a good short down to 3100; anyway, i believe that "hopium" is the drug that will be moving the market this week...so i am flat for now
EURUSD
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mpurdy1973 replied Dec 8, 2011meaning = "please, please, dont short the euro; our socialism still can work!"
AUD/USD
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mpurdy1973 replied Dec 8, 2011long at 0130 - very short stop :-) maybe a little too short of stop! - was taken out with a few pips profit... wish i went long at the top of the hours - would have been up 30 pips.
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mpurdy1973 replied Dec 8, 2011we may have a pop with the euro news; however, if you dont get stopped out; that would be great (dont have to pay taxes on profit until april 2012 :-))
AUD/USD