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BurgerKing replied Oct 20, 2011The day ends with Europe Hopeful. This explains how/why market recovered. And as long as there is Hope for Greece (which obviously will receive money regardless of austerity) and as long as Europe will have a Summit (regardless when), and as long as ...
AUD/USD
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BurgerKing replied Oct 20, 2011"EU PLAN SECOND SUMMIT TO AGREE 'AMBITIOUS' CRISIS PACKAGE" Everybody is very hopeful. Heck they might as well plan a 3rd summit " before they even hold a 2nd summit"
EURUSD
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BurgerKing replied Oct 20, 2011EU Members could not agree on what to do with the summit, they are considering postponing the summit (rumor).
AUD/USD
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BurgerKing replied Oct 20, 2011Im out.. didnot hit my TP by a few frac-pips!. that session low is holding (for now)..
AUD/USD
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BurgerKing replied Oct 20, 2011Added another short @ 1.02 after the break of that stubborn 1.023 area. Now averaged 2 lots @ 1.0225. Repeated mistakes I make is "not protecting profit". So I moved SL to 1.0210. Im looking for a 1.0170~ 1.0160 TP (a little above daily low) very ...
AUD/USD
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BurgerKing replied Oct 20, 2011The SSI is reported Every Thursday at DailyFX.com and twice every trading day inside DailyFX PLUS. (Weekly) url (Twice Daily - needs an account) url
AUD/USD
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BurgerKing replied Oct 20, 2011Before AUD dropped, SSI was net Long. Before the rise, SSI was net Short and it still is Net Short. But SSI do change. When? When there are alot of Shorts, some would stubbordly hold till they die (account zero) or they quit the race when they get a ...
AUD/USD
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BurgerKing replied Oct 20, 2011In other words, if you owe someone a lot of money, dont pay them and they will give you more money. I will keep this in mind the next time I have a huge loan (from a local loan shark) and about to get stabbed in the next 3 steps.
AUD/USD
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BurgerKing replied Oct 20, 2011SSI as of Wednesday, 19 October 2011 17:10 GMT AUDUSD is now almost -2.0 (or 2/3 of traders are short) The bigger this number the more it will drive the other side (bull)
AUD/USD
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BurgerKing replied Oct 20, 2011Does it mean to say they will have to devalue their bonds? If they sold EUR100B bonds with a 5% Rate, how will haircut help Greece? Does that mean they will devalue that EUR100B to EUR50B (50% haircut)? so who will buy their EUR100B to be paid ...
what does haircut mean?
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BurgerKing replied Oct 20, 2011this short aint looking good. that efsf news is risk appetizer However, "According to guidelines document, EFSF will be able to buy bonds on secondary market if Euro-zone country has sustainable debt." Greece is not qualified to sell bonds to ...
AUD/USD
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BurgerKing replied Oct 20, 2011If 1.0150 breaks cleanly, Im shooting big guns for a 0.9980 target (the next support levels)
AUD/USD
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BurgerKing replied Oct 20, 2011Bounce off 1.0150 support area. And Rallying! Something positive must have come out of Europe
AUD/USD
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BurgerKing replied Oct 20, 2011You are reading COT the wrong way. COT, like SSI, is a contrarian indicator. If more are on the BUY SIDE, huge chances is it will SINK instead. This is true either for lame noob traders from FXCM (SSI) or big money traders (COT). It is not how they ...
AUD/USD
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BurgerKing replied Oct 20, 2011No entry levels for me just yet...
I was hoping AU to stall circa 1.0300 ~ 1.0200 for a few more days to confirm bearish macd convergence... guess the boat wanna go sailin without me. EDIT: I just check charts, the support level for now is ...AUD/USD
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BurgerKing replied Oct 19, 2011Im out +100.. Daily is a DOJI and normally it means reversal. But I need further confirmation as to WHERE this pair is heading. SSI is heavily short at the moment.
AUD/USD
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BurgerKing replied Oct 19, 2011Latest SSI Chart. Lots of AUDUSD shorts on the table, makes the big guys wanna screw em and go long instead. Im putting SL @ BE+40 to be safe now. Seems like we'd might see a run towards 1.0500 by monday?
AUD/USD