0.7695 - 0.7721 all day long, zzzzzzzz
I'm just scalping this range.
I'm just scalping this range.
EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies
EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 14 replies
Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply
The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies
AUD Trade Balance and AUD Retail sales 6 replies
Disliked{quote} No thanks, according to my charts the main uptrend line is still intact. I don't wanna get caught short if the aud corrects upward after last Friday's drop. As for the trend, FOMC may change things and that's what you call a fundamental factor which could either turn this uptrend into a down one causing it to break the uptrend support or push it higher. So as far as I'm concerned I've decided I will only sell if the fed turns hawkish and pushes this beneath that trend line., it's only a question of how deep this will go Pre-fomc but so far...Ignored
Disliked{quote} After reading the sentence above i will rest my case. If you are doing well using these indicators then by all means continue with what you are doing. The reason i asked about back testing the strategy on the lower TFs is because the only main difference between the lower TF and higer TF is the time interval. Ps: not all indicators are lagging.........Ignored
Disliked{quote} All indicators are lagging and do fail and yet seasoned traders still use them. I repeat, all strategies do fail. Sometimes strong bullish/bearish move/setup do fail. Your question about my SL.My SL is over 400 pips away from current price. I got in on the 3rd, March. You can check it yourself and am 350 pips. I have shared about Gold and AUDUSD on this thread. I have not tried shorter time frames and I don't trade them. I use daily,weekly & monthly TFsIgnored
DislikedStick to what you have success with until you can see where you can improve on it. KP {quote}Ignored
Disliked{quote} The problem is has he back tested the strategy on lower TFs? If no, then how does he know it even work?Ignored
Dislikedgreat. How annoying. We've got a "no change". With just 4 hours to go and thin liquidity the aud is where it started today. It was looking good to go at least one level up into the 773xs but failed multiple times.Ignored
Disliked{quote} PA seems to be at a important stage now....... if the target at 7850 is correct then my plot of the support is 20-30 pips off. If the price doesn't consolidate around this current 7710 - 7750 level....... then the target at 7850 may be void......Ignored
Disliked{quote} That level 78.5 is pretty much at my level from a fib starting on the 18/06/2015 on a daily chart , I have been predicting a commodity rise with Aussie heading towards 80 cents on a weekly step cycle 3 weeks up one week down ( and it has followed this trend since january after a different step like pattern in august 2015 to jan 2016), this week i wouldn't worry even if it went to 76 cents as the current trend seems to build momentum via letting the au dollar slide to lows just above the last significant low, which i would say is 75.3 something...Ignored
DislikedAU in a small range today due to ANZAC day. Well, wait for London and US markets to open first. It will be too premature to have a bias as of now. Hence, i will think that if .7700 region is defended, the next move will be the resumption of the uptrend. Uptrend line still intact (atm)Ignored
Disliked{quote} If you have caught this move 2 weeks back then it is a great one, must be worth a lot of green pips now. I guess USD will begin to strength again soon, when people focus back to fundamentals as we get near to the resistance levels. Watching the various USD pairs. Still early days but i am again seeing signs that GU have room for up move above 1.46....... may be possible that the pair will grab a print very close to 1.48. If that's the case then AU will probably see a print very close to 0.800. Like a few other members like Skyrek pointed...Ignored
Disliked{quote} I know there are many traders (retail) trying to catch a top and trying to short at every single rally, but finding the top and shorting at the 'assumed' top may blow your account. Been there, done that. Just ride the trend till its not. A reversal will come, have patience, when it comes, you will naturally notice it if you have been trading for a couple of years. Usually, a reversal will come in a form of a doji (daily, weekly, monthly candle) or a super bearish candle at a significant resistance level. There is really no written rule or...Ignored
Disliked{quote} .80 is approx the weekly and monthly downtrend line. Hence, i will place heavier weightage at that levels, i mean it can even go higher than 0.80. No one really knows, i just have to trade according to my plan and get out at a profit. When prices manage to surpass .7850, it will give me even more confidence of prices going towards .80 psychological level. I know there are many traders (retail) trying to catch a top and trying to short at every single rally, but finding the top and shorting at the 'assumed' top may blow your account.Ignored