Position Trading AUD/USD

here is always hope!

continue to see it moving to ~0.6900 (provided we don't pop and hold above 0.7150 again

sitting on the magic number 0.7150... waiting for US news.. doditidodar..

put together this comparison matrix, so working with that to see what happens.

alright so correlation trading hurts your brain.. managed to out out a long and short at no cost, might try again, was long usd/zar and short copper.

plan is to sell a run to 0.7100 with downtrend in place.. currently i'm holding a lot of long AUD, so not the best spot to be!

potential flash-crash like back on new years, survived that so will put some buys down very low, just in case it does it again.

sweet, sweet Friday! looks like 0.7050 is holding as buying support so going to try buy again at that price and will sell any spikes up ..
with a bit of luck we will head back towards 0.7200

down to 0.6900 is possible of course, but it looks to be escaping for now.

GL!

Hellooo Wednesday.. a nice push up and a bounce on the pink line.. some news tonight so if it's not good for Aud maybe this is how it goes..

oh well back to the drawing board..

found the early break but I missed it completely , next time !

in other news its good to be net-short again, the cost of carry was starting to bother me

AUD is respecting the pitchfork, downtrend is still valid. Good pitchfork. 0.6900 was my long-term forecast so maybe we can still get there, but it might be a trap, USD could sell-off big time - stay safe out there.

Currently next short *cheer*

0.7150 held strong (of course) ...

AUD playing a big range game, if we can break higher from 0.7100 then longs might be in with a chance.. I'm still net-short at this time. Either way the break out looks like it will be a huge one.

good evening fine traderrs out there in the ether.. so might be time to get long

In other news i'm moving my position trading off o-and-a because it seems to be costing a fortune in fees even after they said they gave me "a good spread/server", but my pepperstone accounts gets 0.01 on aud/usd all day which is better than o-and-a pretty much always, so wth. My past with pepper had some bumps and I moved off them when they had a 'liquidity provider' drop and basically offered no prices for four hours, last straw!.. had to wonder how one provider can take you down like that considering they should have ten.. but anyway, that was two years ago.. so i'm moving back there for the time being due to a severe lack of options.

aud/usd is being normal and boring, seems someones trying to sell it off and the battle of buyer V sellers rages.. Gold is tipped to go up so mebe aud will get some legs, watching the commodities of course.

other than that family and work are demanding a lot of me lately but wha canya du!

evidence of the selling: rate news tonight so maybe she will pop

copper tanking a bit here, might be goodnight for aussie

lovvve a good pitchfork.. so a definite maybe

Show us your account Davit.. it's simple, really simple, it'll get rid of the deniers and haters and bring you even more glory and fan-girls, you know you need it!

I honestly don't care for it, but bash others for theirs yet you make up excuses why you can't show your live account? really, really low.

You found pivots and made up some arbitrary rules and that's it, that's all!

So i see this a bit and i figure they are either trading demo accounts or they like paying their brokers spread fees.



if I was a broker I would want you to be my client! $.$

hot tip: putting more green lines on your screen does not make price rise!

Some people say to me, you've been trading for a bit, does that mean you are a millionaire? I say, No.

Trading is my hobby, I plan to trade when I retire and that is a few decades off now, just a comfy 10% per month on 100k will do, but at what cost?

I was trading FX full-time a decade ago, quit my job and all, but trading for fun and trading for cash are completely different (I hope you discover this one day), and as a young whipper-snapper I only managed to pay my way for a year until the psychology of it all took a toll, it plays games with you if you can't balance yourself.. but maybe things will and have changed.. Having a 9-5 proved to be not such a chore after that, even if we are so conditioned to it, then how do you plan to recondition yourself? There is something surprisingly easy and simple about an eventual six figure job that that makes it easy to keep a roof over ones families heads as the stress of it all can make one quite sick, it gives a new perspective.

So then, I say to them: Why am I not broke and homeless after trading for this long?!

I have never lost my shirt and have made thousands in the past, brought a fancy car and found a nice wife, even in the days when I brought solid gold from the mint for 400 and ounce and sold it for 900 trading was what I wanted to do... I even took out credit for that and that is how trading started for me under the idea that the Mint was taking the piss by giving me a $70 spread! *cough, spit*.. there must be a better way I thought and that is how I found FX... and then I found life, stocks, crypto, then I traveled the world and now I'm just happy to have ten spare minutes for myself as the spawn and grind continue to be slightly high demand.. but so what, what is this ramble? a half-arsed justification, a hoo-har about not much at all, a quaint little ditty!.. So, good luck to the starry eyed hopefuls and congrats to the rusted on ones who are still in the game, still learning, having fun and enjoying it for what it is, because you never know when it will all be gone.

a few things out of whack, could be a cris-a-tunity for the brave.

^^ was a nice buy as it gapped up on Monday..


in other news : aud orders are still piling in

over 70% long/short in a currency and we have a potential issue


and lets not forget the mega shorts

https://www.reuters.com/article/us-e...-idUSKCN1SM0XS

didn't see it on the factory news

Ha Ha...Great Story,THKs.. All the more reason to be a SCALPeeeerrrrr

it's the meme of FX : 'too much liquidity man, you can't manipulate it'.. okay thanks Mr Interbank.

AUD/JPY took another tumble and gamblers are buying more.. sitting on an edge now.. might be building for another push down to bust some more wallets

EUR/AUD dropped a few shorts on that last push up.. HMMM

How dit you know the TICK traders were setting a top at 6933..?? i think you mentioned...