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jayjb replied Apr 30, 2012Don't short this yet, we've just reached the fib 62 from friday's rally
AUD/USD
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jayjb replied Apr 30, 2012I see. But it's what I had learnt from shorting AUDUSD, it's not profitable in the long run because it's too volatile such that 100 pips in a short can easily become a 10pips run. Anyway, just some numbers to share ahead of the news release. If we ...
AUD/USD
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jayjb replied Apr 30, 2012How is this going down? Price have been rejected off fib 62 twice in april alone and we just broke a near term H4 bear line with a mid term one not too far off. Sure Spain and UK are in recession but look at the greece debt crisis last year, EURUSD ...
AUD/USD
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jayjb replied Apr 30, 2012my daily says to short my h4 says to long seems like we're test a broken weekly resistance turned support at around 1.6206
EURUSD
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jayjb replied Apr 30, 2012I agree with you. As mentioned in my blog, even with a rate cut at 4% it still makes the australian dollar an attractive currency to long. As far as possible i avoid shorting this pair unless technicals are overwhelming.
AUD/USD
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jayjb replied Apr 30, 2012Hope is what kills trader. My advice is to get out as close to your entry price as possible. Judging from yesterday's sell off, i say we might still have a way to go. Key area for me would be 1.0366 for bears and 1.0470 for bulls, but if technicals ...
AUD/USD
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jayjb replied Apr 30, 2012GFT's kathy lien says that a 25 rate cut is fully priced in. Will update on what she has to say if we fall 100pips after the cut annoucement
AUD/USD
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jayjb replied Apr 30, 2012Good catch on the short.. Missed out on it because i was eu short instead and also a eurcad long gah..
EURUSD
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jayjb replied Apr 30, 2012Market does not move 100pips a day. And like he has put it, its funny when silly traders put out silly tp yet they are day traders
EURUSD
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jayjb replied Apr 30, 2012+25 for the day.. Be back tomorrow!
Trading live accounts in a bat country
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jayjb replied Apr 30, 2012long audusd 1.0440 sl 10 pips tp 1.048
Trading live accounts in a bat country
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jayjb replied Apr 30, 2012nice catch.. im holding a eu short from 1.3265.. small position though.. tp at 1.3227
Trading live accounts in a bat country
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jayjb replied Apr 29, 2012No data is good data. If you value your money, do not short this pair until there is signs of a reversal or bad news. Since asia open this pair has been steadily rising and nearest support is 1.0440, below that we have 1.04 and 1.036
AUD/USD