DislikedDo you guys think the RBA meeting on Sept 3rd is going to move this currency one way or the other?Ignored
Expected the unexpected
EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies
EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 14 replies
Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply
The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies
AUD Trade Balance and AUD Retail sales 6 replies
DislikedDo you guys think the RBA meeting on Sept 3rd is going to move this currency one way or the other?Ignored
Disliked
DdBlue,
What is up man? How's it going? i just got back in tonight,
and wanted to check email & such...
Hey,
I have had a tough going the last month or so, so 'basically
sat out a week or so. It was kind of that... every trade goes wrong
thing. I got some "Mark Douglas" video in my brain about buyers & sellers,
etc.
I made a money management little xl grid.
On how i can use smaller bids, then double or quadroople up on
a failing trade. (I utterly hate, hate losing).
Anyway, here it is for kicks... It gives you your own "self recovery" spread.
Just plug in the amount of your account for yourself.
Have a great one,
Jeff!Ignored
DislikedYeah Man,
I haven't come around to the hedge thing actually yet. -'Been too
lazy to get another account properly set up, w/MB Trading.
But you know,
You get tired of losing and consistency is really it. And you find out,
you just have to strip the money away from it all, and become encouraged
w/just enjoying the chance at trading again.
Anyway,
I basically wrote it out on napkins at Chic-Fil-A / or Buc's (Starbucks),
trying to figure out as such how to double up on the trades, you know...
If you sold short, and it reversed upward, sell a bigger amount from above,
and GET OUT of your worthless trade!
You figure,
This is how the big guys do it. They MUST wager way, way smaller %'s of their account(s), then it's no sweat to them if the trade stinks, just reverse paths.
Here's the "Elongated" one... Please, Please feel free to make your own
out of it, adjust it whatever. It's simply my "Scribble" in xl.
This one has the targets, and you can see, if you wake up w/London, and
do the full ATR w/a "smaller" amount, you safeguard the Account & make money!
Here you go,
Have a great one DDBlue,
Jeff P.S. I' was wanting to encourage Navin w/this, maybe next week.
** Again, take a napkin, or sheet 'paper & divide your account
by 10% then 5% then 2.5%, 1.25% & you'll see how many
pips we can use as our own "safety spread". I have yet to
crank this concept down yet. Good luck if you try it. I'll start
working on it next week. 'Jabber @you later...!Ignored
DislikedThanks Navin,
I was hoping to chat w/you @some point.
I hear you buddy, Thx.
DD Blue mentioned this scheme i had as "postion-
averaging". I know of the concept, and saw somewhere
in F.Factory it listed something such as... "Recovery system" etc...?
I searched a bunch on money management & didn't see any.
I am SO w/you on going in small w/the "bigger trend" of which,
I've had some great success in the past with, w/London.
I may try to email you since this space is small to blabber on here.
I have a great "Mark Douglas" video, that really helped get my "Dome",
on straight about buyers & sellers, and us trading.
Well,
Gotta run, have a great one Navin, if you look back @this,
Time for me to hit the hay, 'Catch you on the flipside,
or maybe shoot you & DDBlue an email on the Mark Douglas clip/or
some excerpts.
Thanks,
Jeff !Ignored
Disliked.8438 is the 50% retracement from the upmove from .70-.98. The closest we've gotten to that is .8492.
.8546 is the 61.8% retracement from the upmove from .76-.98.
I'm buying here, putting stops around the 61.8% retracement from that .70-.98 move at .80. I wouldn't be suprised to see it shoot to parity, then back off in some kind of H&S formation.
Thoughts?Ignored
DislikedLooks like we breached 8270 and are now firmly headed towards 8100. I'll be looking to see how price behaves at the 8200 handle. 8274 was the 2007 low so we're at yearly lows. Imvho price breaking below that price means we're headed to historical lows perhaps back to the start of the bull trend at the 7600 level. If that occurs I'd be a buyer at those prices. For now I'd happily take 8100/80.50 as a TP. Any thoughts?Ignored
DislikedThought .8300/20 area would have held this morn but market got spooked by GDP. On top of that we have more USD buying across the majors.
Talk of more rate cuts by economists has applied the sword to the bulls.
Bearish sentiment is deeply entrenched as many try to pick the bottom including moi !
Supported comments from officials or bad news for the USD will only turn the AUD around.
Falling AUD is bad for inflation and I suspect the RBA governor will be very careful not to give the AUD a one way slide with his comments about future rate cuts.
But thats days away until then its helmets on and flesh wounds a plenty.Ignored
Dislikedim out from knives and iam little bleeding
longed euraud for few weeks
aussie is damn weak. carry trades unwind on the cards.
one year cycle ?Ignored