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AUD/USD

  • #2,481
  • Aug 28, 2009 10:30am Aug 28, 2009 10:30am
Quoting G_Man
its end of august and begining of september ... dont you know the rules ... watch out next week even more ...
Nopes, I dont know the rules. I just started trading in forex for about 2 months.
  • #2,482
  • Aug 28, 2009 10:31am Aug 28, 2009 10:31am
ok 4 red candles down, expect another 3 red candles and reversal will appear, not all the time but
  • #2,483
  • Aug 28, 2009 10:32am Aug 28, 2009 10:32am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting ben10
support 8420 is very importance i believe, fall below it could create water fall , G_MAN move your stop to break even point just incase ...I DO
hey ben, i had few drinks ... so i'm still bit up there ...
  • #2,484
  • Aug 28, 2009 10:33am Aug 28, 2009 10:33am
Volatility? I have just started trading the AUD/USD instead of the GBP/JPY... there is some volatility for you.
  • #2,485
  • Aug 28, 2009 10:35am Aug 28, 2009 10:35am
on 1 minute green candle appear you may take the profit , and reenter later ,watch the chart formation etc...
  • #2,486
  • Aug 28, 2009 10:38am Aug 28, 2009 10:38am
Quoting G_Man
hey ben, i had few drinks ... so i'm still bit up there ...
yes i know i got sad life and my eyes square by watching the monitor , all my friends going out its friday nithg here in sydney
  • #2,487
  • Aug 28, 2009 10:39am Aug 28, 2009 10:39am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting puks
Either you or I will gain pips tonight. I would go long from here and to hedge it, go short in Euro from 1.4240.
I am long from .8275 with TP .8350.
Aussie Aussie Aussie oye oye oye....
you should've stick with your long plan buddy ... what happened to patriotism?
  • #2,488
  • Aug 28, 2009 10:44am Aug 28, 2009 10:44am
Quoting G_Man
you should've stick with your long plan buddy ... what happened to patriotism?
The plan worked perfectly fine. I took my long profilt at .8350, then shorted from .8345, took profit at .8300 and then re-entered the short at .8290 last night. when I woke up this morning, it was 1 cent against me so i added more short and now the average is .8380.

The only thing that's getting me worried is the lot size.

Going by my success in earlier trade, i increased the lot size and here I am.

Copping another black friday.
  • #2,489
  • Aug 28, 2009 10:45am Aug 28, 2009 10:45am
second leg down on 1 minute chart add more short at 8430 and move stop just blow averaqe position of 8439
  • #2,490
  • Aug 28, 2009 10:47am Aug 28, 2009 10:47am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting ben10
yes i know i got sad life and my eyes square by watching the monitor , all my friends going out its friday nithg here in sydney
ok i will tell you what happened ... it was after work and we went to Ivy than it was too much fun, bit over the top ... so we went to Estab and it was exactly the same as Ivy ...

anyway now i am trying to get my liquor level down to 0.05 so i can legally drive home ...
  • #2,491
  • Aug 28, 2009 10:47am Aug 28, 2009 10:47am
Quoting puks
The plan worked perfectly fine. I took my long profilt at .8350, then shorted from .8345, took profit at .8300 and then re-entered the short at .8290 last night. when I woke up this morning, it was 1 cent against me so i added more short and now the average is .8380.

The only thing that's getting me worried is the lot size.

Going by my success in earlier trade, i increased the lot size and here I am.

Copping another black friday.
increasing the lot size blindly?
  • #2,492
  • Aug 28, 2009 10:49am Aug 28, 2009 10:49am
near 8420 !closed the first trade and left the scout on
  • #2,493
  • Aug 28, 2009 10:51am Aug 28, 2009 10:51am
Nice 4 hour candle for those shorters out there.

Hi fxgrnwise!

Attached Image (click to enlarge)
Click to Enlarge Name: aud-4hour-28aug.gif Size: 10 KB
Nothing worth having is easy.
  • #2,494
  • Aug 28, 2009 10:51am Aug 28, 2009 10:51am
Why play both sides on such a beautiful pair and set up?
Short at current levels, put a stop above .8500 and hold.
Potential for a lot of pips downside(500+) or a 70-80 pip loss

Alternatively if you are so inclined you could buy into it and put a stop below resent lows and wait for it to approach .90
Some drink at the fountain of knowledge. Others just gargle !
  • #2,495
  • Aug 28, 2009 10:53am Aug 28, 2009 10:53am
Quoting ben10
ok 4 red candles down, expect another 3 red candles and reversal will appear, not all the time but
7 reds candles on 5 minute chart , watch out
  • #2,496
  • Aug 28, 2009 10:59am Aug 28, 2009 10:59am
Quoting plan-b
Why play both sides on such a beautiful pair and set up?
Short at current levels, put a stop above .8500 and hold.
Potential for a lot of pips downside(500+) or a 70-80 pip loss

Alternatively if you are so inclined you could buy into it and put a stop below resent lows and wait for it to approach .90
thats make a lot of sence PLan-B but not many people has patience (ME) and capital, if 500 pips profits barely enough to buy macdonal meal i might as well find alternative scalp for same amount per pip
  • #2,497
  • Aug 28, 2009 11:08am Aug 28, 2009 11:08am
after touching 8420 should pullback lil bit i believe
  • #2,498
  • Aug 28, 2009 11:10am Aug 28, 2009 11:10am
Hey Patience! Good to see you here, this seems like a nice group of guy scalpers
  • #2,499
  • Aug 28, 2009 11:11am Aug 28, 2009 11:11am
Ben10,

You mean you have scalped AUD enough you have the red candle count down?
  • #2,500
  • Aug 28, 2009 11:14am Aug 28, 2009 11:14am
Quoting ben10
increasing the lot size blindly?
Nah, not blindly but just increased by 50%. I either trade big lots for small pips or small lots for big pips.
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