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FXTradings Nov 27, 2019 2:54am | Post# 105701

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The daily candel in AUDUSD have open outside the dowtrendline, more move to upside could be possible now.
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OhComeOn Nov 27, 2019 10:49am | Post# 105702

Grabbed my profits, and am out of the market for remainder of the week due to Thanksgiving causing volume reduction. Wish everyone green pips and good luck, see you next week.

PayTheLimit Nov 28, 2019 1:48am | Post# 105703

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bears still have the ball...will look to sell a bounce next week me thinks...have a good weekend...
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Logo4ev Nov 28, 2019 2:10am | Post# 105704

There is strong fundamental data as well as; multiple entries appearing across time-frames.

I am looking for an Sell Entry once it breaks-out past 6685-90. Depending on how the bars form will depend on where I hide the stops.

We are currently in heavily overbought territory. When the market re-evaluates the price will swing-hard and with the current fundamental data being bearish for Australia.


Approaching 0.67500 - which will be the first major support/which should turn resistance as price falls below - i wouldn't be looking for an entry or scale in yet.

I initially sold small positions at 0.68200. Which I may close to reposition on a bounce; but i have a strong bearish fundamental bias.

Logo4ev Nov 28, 2019 10:42pm | Post# 105705

FXTRADINGS are you primarily a statistical trader?

FXTradings Nov 29, 2019 3:26am | Post# 105706

FXTRADINGS are you primarily a statistical trader?
i look to the chart and if i dont see bigger news events then i try a trade on a signal, just standard trading i think.

FXTradings Nov 29, 2019 3:27am | Post# 105707

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AUDUSD looks bullish after breakout from triangle pattern.
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vikinsa Nov 30, 2019 2:13pm | Post# 105708

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AUDUSD bull opportunity coming.
Cypher pattern on weekly/daily.
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Logo4ev Dec 2, 2019 2:40am | Post# 105709

{quote} i look to the chart and if I don't see bigger news events then i try a trade on a signal, just standard trading i think.
That is how I would have traded in the past, but over the past 11 years of trading and witnessing the market failure in 2007. Expecting the same scenario to occur sooner rather than later

Now I have added a combination of Fundamentals and Statistical Signals..

I would trade into big new events..

But for example - When the Saudi Oil Refineries Were Targeted.

I found out about this event only hours; maybe even minutes after the event - I think Friday/Saturday. It broke on mainstream TV the following Monday Night/Tuesday Morning.

Now if you believe all market is manipulated and that 99% of retail trader fail.

Why not watch the BIG money make false breakouts; providing them to move large amounts of money in markets at times not always with the most liquidity. THAT is exactly how i see the USD/AUD

There is some info I wouldn't discuss publicly (maybe PM) - But everyone knows there is a so 'soft-war' or "trade war" going on. Australia is not benefiting from it all.

China has started OIL,GAS and MINERAL indevours with many other countries as joint ventures... so why would China who sees Australia as a defacto NATO and the 'long-arm' of the US

Just Close a long trade for +184 pips. Long at 0.67576 - closed at 0.67763

Overall Sentiment is still Bearish

Logo4ev Dec 2, 2019 2:54am | Post# 105710

I'm new to forex, I just would like to understand more about the dips and how they show you which side the trend is going.
Apart from the excellent suggestions already provided by others..

I would firstly study

Money Management - We all treat loss and gains differently..

Some people can sustain massive draw-down; either from large risk or losing multiple trades in a row. But they have made a system to function around their money management. So that when those Gains come.. they are large enough to engulf all the loses and then some more (gains)

Other people can not sustain large draw-downs and prefer to risk less - but also gain less. But they have a higher success rate % of trades...

Neither is more correct - Time frames also dictate this.

The first example of HIGH Risk/Gain low consistency is scalp trading (on low time frames).. and i have met very successful scalpers

the second example Low Risk/Gain High Consistency day/weekly trading (on large time frames).. and i have also met successful traders who trade larger time frames.

Obviously the benefit of high volume "correct" trading is you have more opportunity to learn.. but you can also learn bad mistakes or gt caught up in NOISE or Manipulation.

Larger time frames provide much less volume to trade.. but also alot more time to decide whether the trade is infact a GREAT trade.

The once you have a money management strategy that suit your personality.. it is time to learn about entering trades.

Price Action (PA) is a great place to start.

But to be able to place successful trades you need include multiple elements that when combines indicate a possible trade. Some trader system allows discretions.

Other do not - I scalp/intra-day/long-term trade. Even some pairs i have discretion/ other not. We all eventually favour certain timeframes for different pairs.

There alot to learn to become a successful trader... and it takes alot of consistency and tenacity to navigate through all the rubbish online.

FXTradings Dec 2, 2019 4:10am | Post# 105711

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AUDUSD looks like find some support and could go more up.
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Spirit4eva Dec 2, 2019 4:26am | Post# 105712

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Didnt quiet catch the beginning of this bullish move..........a retest of H4 descending channel of maybe a continuation pattern should give me a safer entry............lets see
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Ayax.TSS Dec 3, 2019 1:15am | Post# 105713

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#AUDUSD / H4 / Bullish Idea Click to Enlarge

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Ziko9o8 Dec 3, 2019 4:23am | Post# 105714

- Bought @ 0.6806 TP @ 0.6895 SL +10

- I'll add long @ 0.6848

+ Edit:- closed position

Trump: China trade deal is dependent on whether or not I want to make it

olegchartist Dec 11, 2019 8:51am | Post# 105715

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Don't miss this analysis
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Ayax.TSS Dec 12, 2019 1:48am | Post# 105716

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#AUDUSD / H4 / Bullish Idea Click to Enlarge

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Ayax.TSS Dec 13, 2019 4:42am | Post# 105717

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#AUDUSD / H4 / Bullish Idea Click to Enlarge

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FxTechnical Dec 17, 2019 5:53am | Post# 105718

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he story of AUD/USD when in search of any upside momentum this year. It was a familiar tale last week as the upside run stalled at the 200-day MA (blue line) before retreating back lower under 0.6900.
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Sunnyland Dec 18, 2019 12:45am | Post# 105719

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JackJones Dec 18, 2019 7:08pm | Post# 105720

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