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mpurdy1973 replied Dec 6, 2011totally agree (currently i am long a few lots - just about break even) might even see 1.05; however, i think: aud/usd will test 80s low set back in 2009 eur/usd will test 18s low set back in 2009 (and go to parity with the buck thereafter) so the ...
AUD/USD
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mpurdy1973 replied Dec 6, 2011really; so did i; but my broker (interbank fx) changed that; told me that they had to comply with the law??? anyway enjoy your liberties :-)
AUD/USD
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mpurdy1973 replied Dec 6, 2011nice, i used to do that all the time. for all of us that live in the USA; thanks to the new law dodd-frank; we are not allowed to: 1) hedge 2) trade gold on a margin 3) trade with a margin greater than 50:1 4) open a trading account in another ...
AUD/USD
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mpurdy1973 replied Dec 6, 2011yes, we could see 1.0150 area again; and we still have 6 days... at this point it looks pretty weak. my stop is at 0257 - still long just in case it move up. most likely not.
AUD/USD
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mpurdy1973 replied Dec 6, 2011i expected to see 1.04 before dropping; however, i didnt expect this spike on this little news! only wish i was long before the news event ! anyway, i am long now; will let it ride till we see 1.04 (or get stopped out! - normally when you get a ...
AUD/USD
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mpurdy1973 replied Dec 6, 2011no justification for this spike; however, i am not going to go against the herd this time - long at 0271 - got stopped out with a close stop; dont want to risk too much here.
AUD/USD
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mpurdy1973 replied Dec 6, 2011i only trade with micro lots and as a hobby because i have a day job that pays well and have a family (however, i wonder if i was a full time trader --- wouldnt fly with the wife) my 2 cents: its hard enough these days to get congress to do ...
EURUSD
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mpurdy1973 replied Dec 6, 2011i understand; everything that should be happening is not; but that is because of intervention and uncertainty. over time stats work; it is what all the big guys do.
EURUSD
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mpurdy1973 replied Dec 6, 2011please do share; i am interested in quant trading; if i every didnt have to do my day job, i would focus on this :-)
EURUSD
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mpurdy1973 replied Dec 6, 2011yes, from what i have found it normally take about 3 attempts to break support or resistance before it goes thru (thats why i am using a short stop) the reason i think it could go up again is that all the central banks have a lot in stake here if ...
AUD/USD
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mpurdy1973 replied Dec 6, 2011i think a long at 1.0155-65 with a stop at 1.0145 would be a great trade if it get back down to last nights low. took a small long at 0246 with a stop at 0233; just in case it move up from here (like insurance i dont miss the run); if i get stopped ...
AUD/USD
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mpurdy1973 replied Dec 6, 2011i was off by about 35 pips; however, it was a fake out and it would have a been a nice trade if i held out. i didnt because i got scared.
EURUSD
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mpurdy1973 replied Dec 6, 2011i thought that the drop was a result of the aud rate cut and it was just a fake out (i was correct; however, i should have waited 2 more hours)
EURUSD
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mpurdy1973 replied Dec 5, 2011anything could happen - euro should be 1.20 but the banks keep buying... went flat...i am going to bed... happy trading :-)
AUD/USD
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mpurdy1973 replied Dec 5, 2011i think we still got more risk on trade - long at 1.0194 with a short stop.
AUD/USD
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mpurdy1973 replied Dec 5, 2011just got a short in at 20055; hope we see the floor today :-)
AUD/USD
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mpurdy1973 replied Dec 5, 2011well, i was wrong... now i am short... still doesnt make sense seeing they expected the rate cut... normally that is already figured in the price???
AUD/USD
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mpurdy1973 replied Dec 5, 2011long at 1.0211 - that cut was expected; i think this is over traded
AUD/USD