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paulw commented Jul 29, 2011It seems likely the US will default next week,despite continued reassurances that a decision will be reached...............they've left it far too late to act now with the deadline fast approaching.
A US debt deal will be done, but it will offer only temporary respite
- paulw commented Jul 29, 2011
Why wait until last minute????...........this should've been sorted responsibly much sooner.
Obama: Any solution must be bipartisan
- paulw replied Jul 27, 2011
It's testing 1.10 support which should hold in the near term.I'll be looking to go short early next week.
AUD/USD
- paulw replied Jul 25, 2011
OMG 12 hours a day is far too long. My average day is around 4 hours. I aim to reach 1% of my capital daily as my target......achieving this most days.You need to have a realistic plan in place and stick to it. A 12 hour day really doesn't make for ...
How do I make millions trading Forex?
- paulw replied Jul 20, 2011
It's likely early next week we'll see resistance broken albeit briefly.For the time being I'm taking a back seat here (just closed my position taking 70+ pips profit) until things settle down with Europe this week.
AUD/USD
- paulw replied Jul 20, 2011
Looks like this pair lining up for yet another attempt at 1.080. However,I'll be taking profit at around 20 pips short of that level.My suspicion is here that it'll fall short once again after several simiilar efforts recently.As previously ...
AUD/USD
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FTSE 100 cfd & eurgbp
Started Jul 7, 2011|Trading Discussion|0 replies
Steep climb on the UK 100 in last 24 hours.Been some time since reaching these highs.Already ...
- paulw replied Jul 3, 2011
I think support initially around 1.0650/75 before further to 1.0580
AUD/USD
- paulw replied Jul 2, 2011
Hope I've done this right.Copied one of the charts I use to show you an example so here goes. image The area is indicated by 2 black lines.......in this case the pair went down.Remember,I watch upto 4 pairs on days I trade and this will usually ...
Keeping it simple - MY Strategy
- paulw replied Jul 2, 2011
It was something I picked up when I attend a couple of seminars a couple of years ago and I made notes of what was said.Since then I tried these out using a demo account and then felt confident to use a live mini account. I'm getting a little more ...
Keeping it simple - MY Strategy
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Keeping it simple - MY Strategy
Started Jul 2, 2011|Rookie Talk|21 replies
I've always believed in keeping things simple with most things in life and when I trade I use ...
- paulw replied Jul 1, 2011
I've stops in place @1.0702 on this pair so will be watching closely on Monday morning.Need to recheck the R&S levels and consider when or if I should take profit before NEXT weekend. AUD/USD isn't my usual comfort zone but I have been watching it ...
AUDUSD for informed traders
- paulw replied Jul 1, 2011
My thinking is that prior to levels reaching those of late April 2011 for this pair we'll see many taking profits and a reversal.Perhaps,with some short term support initially before seeing drops back towards 1.0700 in the next several weeks.It's ...
AUD/USD
- paulw replied Jul 1, 2011
I'm wondering whether I should use 1.0760 as short term support.At present I'm not convinced next week will bring further substantial upside for this pair.If it does,will it be worth keeping stops at the 1.0760 level......this week's moves would ...
AUD/USD
- paulw replied Apr 20, 2011
Best option at this time I would think. Possible reversal Monday/Tuesday so I'll be back then to look at this pair again.
Scalp, scalp, scalp
- paulw replied Apr 20, 2011
I'm probably thinking like you waiting for the upside momentum to subside a little before committing to opening a trade on this pair.
Scalp, scalp, scalp
- paulw replied Apr 20, 2011
Showing some resistance @ around 1.6380 now......could this be the pivot I'm waiting for???.........Think it might be once the US opening bell in 3 hours. EUR/USD is looking for reversal pretty soon I think.....touching 1.4500 now. Keep an eye on ...
Scalp, scalp, scalp