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Attachments: AUD/USD
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AUD/USD

Quoting aarontdang
My avg is around 1.0589 ... I shoulda add more short @ 1.0618
I was afraid lol to get burn
Don't do it before getting green. Don't ever ever average when you are in loss. Ever ever.
Little luck is forex water. Learn all Trading strategies, then forget them.
Quoting Alki
Don't do it before getting green. Don't ever ever average when you are in loss. Ever ever.

I wasn't planning to trade afterward at all...
I was thinking of going long from 1.0560
don't know why I end up shorting it ...
I tried to find where is my mistake. Here it is:
Quoting Alki
Did i miss the big train? looks like yes, and for only 40 pips. My calculation gives me PRZ from 1.054 to 1.0610-1.0630. 1.054 was 20 pips lower and 1.0610 is 40 pips higher. Check and check again, i did not find from which hell 1.0572 was coming from.

Will it come back again to higher level? Difficult to say yes, seen it has crossed now 1.0443 and i don't know if this is only a false breakout or not. If yes, there is again a possibility to jump in, otherways, this opportunity will look like a real train bringing a good money i left and it will...
Normally i should not enter at 1.057, even it was a target for recent up move. True i had some green pips, but i had to wait 1.061 not entering at 1.0570

Quoting Alki
Up to now, 1.0443 was only a false breakout of 16 pips. Are we going to double top at 1.054-1.057? If yes, i'll not miss you this time Aussie. Only my money management will take control of this even trade from 1.054 to probably 1.061. If higher than 1.064, means i'm wrong. We'll see.
This was confirmation of the big view.

Unfortunately, this get out of my mind in full action of the recent up move.

I was long from 1.047 just before the big move began. I get out with few pips because family disturbing, seen i'm not in front of my computer. When coming back, seeing i was right, i had only 1.057 in mind of my supposed long and 1.0620 Stop loss in case of error of the whole view.

I think my mistake was not calculation, more than concentration and keeping in mind the whole view a good trader has to have, instead of emerging inside the small move.

Hope correcting my self next time.

Up to now, i'm still keeping my short, but i make lighter my lots taking loss on those closed. If this trade will be the big winner, i will increase to original number of lots and higher by pyramiding at the best moment. If not, it could be next time.

I would like to thanks all traders encourage me on this live trading. Hope to you all very good green pips, whatever direction you choose to trade.
Little luck is forex water. Learn all Trading strategies, then forget them.
Quoting aarontdang
I wasn't planning to trade afterward at all...
I was thinking of going long from 1.0560
don't know why I end up shorting it ...
Depends on your strategy and calculation. For me i'm targeting hundreds of pips. Then even 50 pips risk doesn't matter. I know i can bring them back by pyramiding in case of success. My problem is using sometimes a very aggressive money management, that's why i try to be as accurate as possible to enter the market.
Little luck is forex water. Learn all Trading strategies, then forget them.
Going long at 1.0590...hope it pays off.
Quoting Mobstriker
Going long at 1.0590...hope it pays off.
Did you do your back testing with hope?

If you trade like me, you'll be homeless and broke within a week.
Texas-2-Step Return This Week: na
Quoting ZenTrading
core positions still remain long and today was another beautiful day to buy the pullbacks.
hi, where do you think the price will retrace to?

i can't tell where the strong support line is...
Quoting doctortyby
Aud/Usd Weekly View (23-27th of January), 4 Hours chart in analogy with 35 Pips Constant Range Bars Chart.

Aud/Usd is Moving in an Uptrend confirmed by the Simple Moving Averages (30,50,100 and 200 SMA on 4 hours Chart).

Bullish Probability. Price could rise to 1,055(Weekly R1 Pivot) and then retrace Back to 1,045(Monthly R1 Pivot) and 1,040(Weekly Main Pivot Line confluence with the Uptrend Line) . From here Price could resume the Uptrend and reach again 1,055(Weekly R1 Pivot) , break it and go further to 1,064(Weekly R2 Pivot)...
Thanks to you.. Quite accurate market preview back then. I've follow the bullish scenario movement. And it makes some nice hundreds pips profit.
There are lots of resourceful nice guy here. Thank you very much for all of you, who willing to share thoughts and encouraging us to take any possition. Keep up with the good postings.
Quoting happytrader
hi, where do you think the price will retrace to?

i can't tell where the strong support line is...
is 1.05600 a good area to long?
Quoting Alki
Thanks, but if my analyze is correct, wolfe wave could be a target, but there is not only this. first TP would be parity, the second is 0.95 and maybe after WW target. Let's see first, if i will not be in loss.
I hope WW means World War because that's the only thing that can bring this pair down to 0.9500.

We might instead be testing new highs very soon, 1.1200 and higher...
Don't get mad, get even!
The bears were fooled by the aussie once again. So what else is new ?
grabbed 35 pips overnight to makeup for a bad trade earlier in the day

net profit 29 pips.

happy australia day!
with FED expect low rates till 2014, they will fuel carry trader till then

i hope next rate cut can give me chance to carry AUD also
(as long as the cut is not drastic)
Quoting redbox
with FED expect low rates till 2014, they will fuel carry trader till then

i hope next rate cut can give me chance to carry AUD also
(as long as the cut is not drastic)
You don't want to hold when AUD cuts rates... maybe a few weeks after
Quoting happytrader
is 1.05600 a good area to long?
Might not be much of a retrace, but I'd stay out until next week to be sure.
Doesn't seem to be creating much of a flag. Little more downwards momentum on Kiwi but not much.

AND

HAPPY AUSTRALIA DAY TO ALL THE AUSSIE'S!!!

Tomorrow (Today for you) they will be celebrating in NYC!!!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
Buy at 1.3082
Take profit* at 1.3128
Stop loss at 1.3048
Seems to like 0585 on the H1 for interim support,
I'd like to see a sustained breach of 1.0720 resistance on the daily to shoot for a retest of 1.10
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
Are you anticipating a 300 pip drop to take this trade?
unlikely right now in my eyes.
Quoting fr_fxtrader
Buy at 1.3082
Take profit* at 1.3128
Stop loss at 1.3048
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
Say the price dips to current H1 pivot and support area of 0550 / 0580 (30 pip allowance for swing appx in best entry area.

Current move today = appx 170 pips. Hi to lo.
Thus, entry in that zone / (or mid flag where the measure should be done from).

Would compute as such appx.
Initial price (possible entry) zone = 1.0580
+ 170 or +150
= 1.0730 and R2 pivot on H1
or
= 1.0750 appx flag completion
just below or at resistance area on Daily chart from
Sept 1 2011 and Oct 27 11


Quoting happytrader
is 1.05600 a good area to long?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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