Dislikedi changed my side im offially with G_man & fammira team now
short @8905Ignored
but you could join us higher
kidding
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
Dislikedi changed my side im offially with G_man & fammira team now
short @8905Ignored
Dislikedi changed my side im offially with G_man & fammira team now
short @8905Ignored
DislikedI entered long at .8899
Next entry at .8840
Next long at .8760
Further entries at 75 pip difference all the way till .80 cents (if ever we get to that level)
TP - .92 cents
I am convinced beyond doubt that this beast will go up, up and up, all the way up.Ignored
Disliked
I am convinced beyond doubt that this beast will go up, up and up, all the way up.Ignored
Dislikedi changed my side im offially with G_man & fammira team now
short @8905Ignored
Dislikednothing goes one side only
remember that only aim of dealers is making profit, if this goes up only, who will profit??Ignored
Dislikedwould like to say something more about the concept of "market excesses"
if you noticed what happened in 10 minutes to pairs like AUDUSD and USDJPY you will notice how the dollar has been pushed to extreme levels and then recovered quickly
there was no data, and of course no change in the economic situation
this explain that big dealers extremize market moves to hit the stops both sides, in order to create the panic and buy at lower levels or sell at higher levels
is very important to understand this to avoid panic, trade with calm and be successfull...Ignored
Dislikedstops are important, but sometimes, just for the idea of "market excesses" that I have just explained, it's more appropriate to use hedging
example
I sell AUDUSD at 0,8850
I can
1) don't use a stop and simply wait for the position to profit and close it (sometimes it may take a few minutes, sometimes a few weeks or months..)
2) use a stop at higher levels (I would say that 30 - 40 pips can be a good choice)
3) and probably the best option, close and reverse to buy at 0,8890
in that case, I could close the buy, for instance, at 0,8940 recovering...Ignored
Dislikedwow! Thats another piece of gem which i'm trying to understand completely. When you say close and reverse to buy at 0.8890 in Option no.3 , does that mean that we close the original short position of 0.8850 and reverse the same contract or we kept that one still open???Ignored