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defariak replied Feb 3, 2010Although a better than expected nfp so close to 3900 lvl could be what it takes to push below that lvl.. We shall see heh 5 years of trading Forex and NFP's still scare the shit outta me heh
EURUSD
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defariak replied Feb 3, 2010Dont go any way off of what someone tells you wether its Gator, Me, or Bernanke himself, Read your charts and place your trades according to your charts, listening to what others say as law and placing your trades by what they say no matter who it ...
EURUSD
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defariak replied Feb 3, 2010And tests of a line are taken with a grain of salt. Just because price is testing a line doesnt mean diddly. I do look at weekly charts, monthly charts I do not because I feel the relavence of them is minimal. So if we want to look at weekly, 3900 ...
EURUSD
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defariak replied Feb 3, 2010all its doing is testing the 5900 lvl, it will continue to do so for a while, until it clearly breaks one way or the other we wont know whats going to happen. Although if it continues in a series of inverted hammers on the hourly then thats ...
EURUSD
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defariak replied Feb 3, 2010I wouldnt get too excited about eur/usd being bear until we get a clear break of 3900 not just tests of it
EURUSD
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defariak replied Feb 2, 2010again not sure why everyone is thinking long on this pair.. Look at your charts, everything is screaming bear, examine your fundamentals, again everything is screaming bear. Bear bear bear, bears eat bulls in a fight just fyi
AUD/USD
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defariak replied Feb 2, 2010actually quite a few people seem bullish with aud/usd. I dont think we will see 8900 though, I believe it will test that fib lvl a few times then head back south.
AUD/USD
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defariak replied Feb 2, 2010Not sure why everyones looking to go long, all this is is a 60% fib retracement on a downswing.. Least thats what all the signs point to.. inverted hammer with long wick at 60 fib lvl and also long time resistance line after a major downswing ...
AUD/USD
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defariak replied Feb 2, 2010look at nzd/usd I dont think this suckers goin back short for a while..
AUD/USD
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defariak replied Feb 2, 2010looks like this might be a good point to take a long position.. got the long wicks on the bottom, sitting on support in an uptrend, bottom of bollinger bands, think ill take a reduced size position to the long and set my limit at the 32 fib lvl
USD/CHF
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defariak replied Feb 2, 2010agreed. Cant sleep, arg! Not touching a trade though until eur open
AUD/USD
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defariak replied Feb 1, 2010Made me $3k in less than 10 minutes on that downslide, cant argue with that! Time to either give it back or go to bed, I choose bed, night all and GL tonight!
AUD/USD
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defariak replied Jan 29, 2010Yes, but since its so random when people use fibs on smaller timeframes in smaller trends then it doesnt have the trader made support/resistance levels as it would on large trends where every trader is using them on. Im not saying they arent useful ...
Cable Update (GBPUSD)