In relation to the Aussie Dollar, 4000 on the ASX should be a crucial support level. If it gets broken, it's bad news for the AD.
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DislikedEh, I closed out a bit early because E/U looked to be hitting resistance... and i didn't want a pull downward on my profits...so closed with about 30 pips. had I held, it would have basically targeted. next time.... next time.
now I wait for a retest of the lows for the day....
XIgnored
DislikedI So want to lock away some sort of profit on this one but all my trends are showing down. How do you all stick to your guns when it's moving against you?Ignored
DislikedI So want to lock away some sort of profit on this one but all my trends are showing down. How do you all stick to your guns when it's moving against you?Ignored
DislikedI So want to lock away some sort of profit on this one but all my trends are showing down. How do you all stick to your guns when it's moving against you?Ignored
DislikedI So want to lock away some sort of profit on this one but all my trends are showing down. How do you all stick to your guns when it's moving against you?Ignored
Dislikedu have to learn to not care about money, if u care about it, your going to care about loosing, an when you care about loosing, your end up loosing because u have no proper focus but not caring about loosing doesnt make u win...
:-)Ignored
DislikedHey Freshpips, how's it going?
Do you have a H4 chart please. I don't see anything bullish on H4 at the moment.Ignored
DislikedHey Fosking, i was purely looking at the bounce from around 0.9665 with 2 strong H4 bull bars which I envisaged as possible confirmation of bullish move/retracement up to next strong resistance. Especially after the last 7 consecutive bearish bars.
But I am new to this, are you on the sidelines or you waiting for bearish resumption?Ignored
DislikedI'm on the sidelines atm waiting for my next signal.
Technically looking at the highs and lows, just a few hours ago we did break the low from the 23rd (red line) so this leg up is so far just a retracement. Before an up trend or reversal should even be considered, around 0.900 needs to be broken (green line) as this was the last swing high. Furthermore the 0.900 level needs to be tested again after a break to confirm this is now an area of support.
Currently we are still in a downtrend with resistance around 0.800. I won't be entering until I have...Ignored
DislikedYour thinking is the complete opposite of what you should be thinking (or you're demo trading?)
Every trade should be entered on the fact that it's the highest probability trade you can make. It's all about preserving equity and exposing as little as possible. If you was to focus on this, the wins and profits will look after themselves. Every trade should be entered with the mind set of how little you want to lose and not how much you want to gain.Ignored