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  • #30,461
  • May 14, 2019 3:33am May 14, 2019 3:33am
GBP unemployment down. Nice
We obey the structure that results from the market's reaction
  • #30,462
  • May 14, 2019 4:03am May 14, 2019 4:03am
Hi Guys
Weathering the storm.Not much to do accept allow market to rebound. Trump really has been on roller coaster ride on China and many other issues.
Whoever is advising Trump is seriously misguided.Trade war will hurt Americans and slow down our economy.Its not if but how quickly this happens.
Sad affairs we elected a total lunatic at White House.Starts tweeting at 6am barraging on China then expects them to fold over.People nations have their pride
you dont win agreements in bulling opponents. This kindergarten manner of running the country is jaw dropping unreal.I feel like I am watching a bad series on Amazon Prime but its not unfortunately.
People who rally about Trump mostly are ignorant how trade war will hurt them badly and this nation.
AUD is taking a beating badly victim of trade war same NZD and the CAD. CAD fundies are good last employment numbers were real green and Australian economy is on decent footing as well and both cases these should be traded lot higher but pressure on China keeping these risk on.
AU can't even break 6950 that's unreal!
In trading, you have to be defensive and aggressive at the same time
  • #30,463
  • May 14, 2019 8:15am May 14, 2019 8:15am
Hi all,

Still plugging away at this JPY draw down. Being patient and holding on whilst still making some small incremental gains. Most recent being the bounce off the S38 on EURJPY.

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Trading small and patience

Good luck!
Ben
  • #30,464
  • Edited 10:48am May 14, 2019 8:43am | Edited 10:48am
Quoting Davit
Hi Guys Weathering the storm.Not much to do accept allow market to rebound. Trump really has been on roller coaster ride on China and many other issues. Whoever is advising Trump is seriously misguided.Trade war will hurt Americans and slow down our economy.Its not if but how quickly this happens. Sad affairs we elected a total lunatic at White House.Starts tweeting at 6am barraging on China then expects them to fold over. People nations have their pride you dont win agreements in bulling opponents. This kindergarten manner of running the country...
Hey Davit and Friends,

I was moved to built a website a few weeks ago warning about how dangerous Mr. Trump based on free www.Youtube.com videos by mental health experts(psychologist and psychiatrist) and other politicians using the keywords:"Trump Mental Health". It coincided with what I thought since his taking office and even before that. In conclusion, this a totally crazy dangerous malignant narcissistic and lying clown on stage of the world - he is embarrassing Americas and laugh of Trump worldwide:

https://donaldduckdownfall.wixsite.com/donaldtrump

Please take this serious as this clown as his finger on atomic ballistic missiles - just like the other Clowns in Russia, Korea, etc. I truly hope he is impeached before something really happens for lying, obstruction, contempt of court and treason - like the 28 or so convicted Trump helpers - remember the proverb " ...birds of a feather flock together." This doesn't even touch on Trump's ignorant beliefs geopolitics (Europe, Russia, China, Iran etc,) and that the issue of Green-House effect which is already showing provable scientific data.

Best wishes to all and good luck to all of us as well as the generations to come !

- John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #30,465
  • May 14, 2019 10:14am May 14, 2019 10:14am
EA broke WR61 and AJ broke WS61 finally. However, the day is far from over.
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You NEVER will be the person you could be, without pressure & discipline
  • #30,466
  • May 14, 2019 10:27am May 14, 2019 10:27am
Underwater on AU...but catching a few on the Eruo cross even though I got in late...target is R38 area (conservative) or may wait for Aud news this evening a little more aggressive....the turmoil in the market place is real and I am taking a very cautious approach this week...
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  • #30,467
  • May 14, 2019 10:33am May 14, 2019 10:33am
Quoting DrForexMD
{quote} Hey Davit and Friends, I was moved to built a website a few weeks ago warning about how dangerous Mr. Trump based on free www.Youtube.com videos by mental health experts (psychologist and psychiatrist) and other polititions using the keywords:"Trump Mental Health". It coincided with what I thought since talking office and before. In conclusion, this a total crazy dangerous malignant narcissistic lying clown on stage of the world -embarrassing Americas and laugh of Trump worldwide: https://donaldduckdownfall.wixsite.com/donaldtrump...

Two men with bad hair.....and one with no hair...all three with ballistic capabilities.....cheeeeesh!!!!
  • #30,468
  • May 14, 2019 10:47am May 14, 2019 10:47am
Very good start of the week. EJ closed TP , CJ closed tp, EA holding.
  • #30,469
  • May 14, 2019 12:47pm May 14, 2019 12:47pm
Not that I currently have a lot of faith in the AUD with the current trade war situation as the Australian economy has been rolling along for decades feeding the Chinese manufacturing machine which is in the midst of slowing down. My personal experience I've noticed with the AUD over the years is it can move hundreds of pips, pause and just when you think there is some reversal potential it keeps right on moving. Also AC floundering along at the S61 level which also aligns with a previous Daily Type 2 level and support levels on Daily and Weekly charts. Neither one of these Comdolls is in good shape right now, living in Canada I can tell you the Canadian economy has been going right off the rails and has been getting progressively worse every week.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #30,470
  • May 14, 2019 1:27pm May 14, 2019 1:27pm
Quoting Romanov102
Not that I currently have a lot of faith in the AUD with the current trade war situation as the Australian economy has been rolling along for decades feeding the Chinese manufacturing machine which is in the midst of slowing down. My personal experience I've noticed with the AUD over the years is it can move hundreds of pips, pause and just when you think there is some reversal potential it keeps right on moving. Also AC floundering along at the S61 level which also aligns with a previous Daily Type 2 level and support levels on Daily and Weekly...
Davit told me once, don’t have a bias against something. Just go with PA. That’s the beauty of probability. AC at major reversal point, yes of course it still have a room to go but we don’t know it. We trust system and we trust PA. Trade ether works or not. Look at NZD - rate cut and yet it’s still where it was. Market will do what it wants to do. Despite news and decisions. Besides that MM wants to take your money they also control balance. Overthinking killing opportunities. Just my opinion.
  • #30,471
  • May 14, 2019 6:05pm May 14, 2019 6:05pm
killed some positions
part of doing business.If you dont want to get burn don't become a cook
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In trading, you have to be defensive and aggressive at the same time
  • #30,472
  • May 14, 2019 6:27pm May 14, 2019 6:27pm
Australia and China data will also become important to observe.
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Trading is about paying attention. Davit
  • #30,473
  • May 14, 2019 6:36pm May 14, 2019 6:36pm
NZD/USD China’s industrial production and retail sales data are in the spotlight for now
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Trading is about paying attention. Davit
  • #30,474
  • May 14, 2019 6:52pm May 14, 2019 6:52pm
Dollar recovers lost ground to a high of 97.56 as trade optimism returns, lifting markets
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Trading is about paying attention. Davit
  • #30,475
  • May 14, 2019 10:07pm May 14, 2019 10:07pm
Quoting Davit
killed some positions part of doing business.If you dont want to get burn don't become a cook {image}
Funny when you post profits some dislikes it, and when you post losses there is none. Then just in the spirit of good faith I'll dislike it.
We obey the structure that results from the market's reaction
  • #30,476
  • May 14, 2019 10:53pm May 14, 2019 10:53pm
One more pattern came up AC H4
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #30,477
  • Edited 4:46am May 15, 2019 4:34am | Edited 4:46am
AN from 5-08 - Dilemma?
As indicated in My Calendar Analysis and Thoughts (5-12), I have held AN Short since 5-08.
As anticipated AUD News not great! All down! What will today bring (9.30pm)? Employment down too?
No China-US Trade Deal!!
AUD still not showing signs of a rally? Struggling at S38. Will it push further south?
Essentially, a Double Bottom (H4) from 5-06.
Edit: Note defense of Daily open - check M30.
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  • #30,478
  • May 15, 2019 6:57am May 15, 2019 6:57am
Quoting denisius
{quote} Davit told me once, don’t have a bias against something. Just go with PA. That’s the beauty of probability. AC at major reversal point, yes of course it still have a room to go but we don’t know it. We trust system and we trust PA. Trade ether works or not. Look at NZD - rate cut and yet it’s still where it was. Market will do what it wants to do. Despite news and decisions. Besides that MM wants to take your money they also control balance. Overthinking killing opportunities. Just my opinion.

Here is a good book to read and learn some of the mental strategies of top traders.
Top traders know their own strengths and weaknesses, and they know how to cope with their strengths and weaknesses every day.
Do your own self evaluation and find your own solutions.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,479
  • May 15, 2019 7:17am May 15, 2019 7:17am
audcad has different pivot level. different broker
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  • #30,480
  • May 15, 2019 8:11am May 15, 2019 8:11am
Quoting emmanuel7788
{quote} Here is a good book to read and learn some of the mental strategies of top traders. Top traders know their own strengths and weaknesses, and they know how to cope with their strengths and weaknesses every day. Do your own self evaluation and find your own solutions. {image}
these books are great.
in my way of thinking, as long as we do not understand the importance of doing the calendar of events all week, since fundamental movements represent so much more than our graphical analyzes.
For some who still have doubts about it, open the youtube, and type "anton kreil"
and they're going to be scared of what goes on behind the scenes in forex, in addition to what the markets makers usually does.
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