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Attachments: AUD/USD
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AUD/USD

Quoting FxFtManager
Hi, I am struck in between this 2 positions any ideas to get out with less loss as possible? its AUDUSD. {image}

You asked, I give. You dont follow .
Trade what you see, take what the market gives you.
auwzi watch for friday retrace off of course, maybe scalp a few

rule 1: never open a sell lower than your first buy, because you've just brought yourself a MASSIVE spread on possible 100x leverage- Buy a position and if you will not sell it work to cover the margin, otherwise take the hit and admit you stuffed up.
grist for the mill
Quoting JackJones
never open a sell lower than your first buy, because you've just brought yourself a MASSIVE spread on possible 100x leverage-
i have been trading with a spread of 3 pips for AUDUSD, do you mean your spread keeps changing? sory im an amateur so i just wanna know. sorry i didn't get your post.

regards
I am trying a large short here again on aud. 7351. We are again over extended and breaking the upper bb band on daily by far. Should come a retrace today or in the next week opening...
Quoting krst8
I am trying a large short here again on aud. 7351. We are again over extended and breaking the upper bb band on daily by far. Should come a retrace today or in the next week opening...
Risky... New cycle has just started. Be careful.
Quoting danizani95
{quote} Risky... New cycle has just started. Be careful.
Yeah, it is a risky i agree. New cycle, you mean another swing up to 75?
Quoting krst8
{quote} Yeah, it is a risky i agree. New cycle, you mean another swing up to 75?
I mean hurst cycle. We are currently in the first of four cycles that make the new major cycle. The first part is usually long (1 and 2)
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Quoting danizani95
{quote} I mean hurst cycle. We are currently in the first of four cycles that make the new major cycle. The first part is usually long (1 and 2){image}

ok, i see. Yeah, been up since may this pair like crazy so likely up more. Next week will tell
The short is coming
The grind never stops
AUD Target 72
Quoting mikedatrader
The short is coming
question just when it is comming :-) Again this weekend reports of increase in covid cases in Australia but not sure if that affects anything anymore in the markets.
Quoting VuLe
{quote} boy oh boy.. exit au short and go long now... its a 1 way up only... .8000

Bye bye bears.
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Trade what you see, take what the market gives you.
oerr cash rates and tomoz gdp.. chop chop!
grist for the mill
aud/usd shorted for several billions at 15:15 UTC+2

big moves ahead!


  1. several aud/x pairs shorted for trillions

thank me later!

LOVE
Quoting Nightowl96
aud/usd shorted for several trillions at 15:15 UTC+2 big moves ahead! several aud/x pairs shorted for trillions thank me later!
No they didn't, who's 'they' anyway?

If you short AUD for that much on the spot market at a given time, it will crash all the pairs.
The reaction of AUD is always finding an excuse to not drop... now sp500 spikes up and this goes upp with some support from silver/gold
Long
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Quoting danizani95
Long {image}
i did not listen to you last time when you were right, but here i find it little bit risky also to go long, we have fib extension limit here from the drop in the spring. and also greaching into upper BB on monthly.

But for sure, this thing is bullish as hxxl!!
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Quoting krst8
{quote} i did not listen to you last time when you were right, but here i find it little bit risky also to go long, we have fib extension limit here from the drop in the spring. and also greaching into upper BB on monthly. But for sure, this thing is bullish as hxxl!! {image}
I may be wrong. I took the trade because of good RR.
Quoting danizani95
{quote} I may be wrong. I took the trade because of good RR.
pfft what is RR, you only make good money when you buy 'out of the money'

i repeat! don't sell lower than you buy, double down on the range extremes..

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grist for the mill
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