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System 2 (AUD trading)

  • #321
  • Nov 24, 2009 10:48pm Nov 24, 2009 10:48pm
We have a bracket formed, any trades on the bracketbreakout to play #2g+ to save yourself
I am long from 0.9264. Playing #2g+ if this thing ventures to far below the level line. with reentry at 9264.
Survive and Preserve
  • #322
  • Nov 24, 2009 11:01pm Nov 24, 2009 11:01pm
My goodness its slow. TKY are back from lunch so WHERE IS THE ONSLAUGHT...

Quoting en0x
We have a bracket formed, any trades on the bracketbreakout to play #2g+ to save yourself
I am long from 0.9264. Playing #2g+ if this thing ventures to far below the level line. with reentry at 9264.
Survive and Preserve
  • #323
  • Nov 24, 2009 11:24pm Nov 24, 2009 11:24pm
Quoting en0x
My goodness its slow. TKY are back from lunch so WHERE IS THE ONSLAUGHT...
I think they all packed up and went home.

Anyway, I'm tired so I'm done for today. Good luck to those trucking on....
Leonardo Follower
  • #324
  • Nov 24, 2009 11:34pm Nov 24, 2009 11:34pm
Seeya Shodd, Closed my trade for -10, ready for a new trade.
Quoting shodd
I think they all packed up and went home.

Anyway, I'm tired so I'm done for today. Good luck to those trucking on....
Survive and Preserve
  • #325
  • Nov 25, 2009 5:28pm Nov 25, 2009 5:28pm
Morning folks. Short @ 12.
Leonardo Follower
  • #326
  • Nov 25, 2009 5:42pm Nov 25, 2009 5:42pm
Red news in 40 mins. Will be closing at first sign of price spiking up....
Leonardo Follower
  • #327
  • Nov 25, 2009 6:22pm Nov 25, 2009 6:22pm
I am laaaging you big time, short from only 9290....
humpfff!
Quoting shodd
Red news in 40 mins. Will be closing at first sign of price spiking up....
Survive and Preserve
  • #328
  • Nov 25, 2009 6:31pm Nov 25, 2009 6:31pm
Unconventional trade, news went my way except got teachy and closed for +21.
Will wait for a pullback if it happens
Quoting en0x
I am laaaging you big time, short from only 9290....
humpfff!
Survive and Preserve
  • #329
  • Nov 25, 2009 7:05pm Nov 25, 2009 7:05pm
higher low - reversal coming!
Just trade the pullback you idiot!
  • #330
  • Nov 25, 2009 7:06pm Nov 25, 2009 7:06pm
Still in. Stop moved to B/E.

Am up a fair bit this week, so prepared to provide more breathing room over the next couple of days.
Leonardo Follower
  • #331
  • Nov 25, 2009 7:59pm Nov 25, 2009 7:59pm
Still in.......recent swing fail to break previous high which is a bearish sign. Stop now moved to 90, so +22 locked in. Will consider closing early if this current swing down fails to break 62.
Leonardo Follower
  • #332
  • Nov 25, 2009 8:11pm Nov 25, 2009 8:11pm
And out at 48. Buyers started hitting the ask so knew it was time to book the profit. +64 for this one.
Leonardo Follower
  • #333
  • Nov 25, 2009 9:44pm Nov 25, 2009 9:44pm
Short again from 42....
Leonardo Follower
  • #334
  • Nov 25, 2009 9:47pm Nov 25, 2009 9:47pm
Got one thing for you amte *pat pat*

Heck, locked in +21, closed half at +38 and just leaving it

Yesterday was a nightmare, I should post my trades, lost a total of -30 yesterday. I hate wednesday's. really i do , its my pay back to the market.

Anyways, end of week matters. Wednesday is just my pay day back to the market for letting me trade
Survive and Preserve
  • #335
  • Nov 25, 2009 10:13pm Nov 25, 2009 10:13pm
Quoting en0x
Got one thing for you amte *pat pat*

Heck, locked in +21, closed half at +38 and just leaving it

Yesterday was a nightmare, I should post my trades, lost a total of -30 yesterday. I hate wednesday's. really i do , its my pay back to the market.

Anyways, end of week matters. Wednesday is just my pay day back to the market for letting me trade
Good to hear you're clawing it back today mate! Pats right back at ya.

Short @ 42 now moved to B/E
Leonardo Follower
  • #336
  • Nov 25, 2009 11:15pm Nov 25, 2009 11:15pm
And out at 12 after the buyers stepped in again. +30 to make a total of +94 for today.

That will do me, see you all tomorrow. Hopefully a few more will crawl out of the woodwork to share. Might start calling some of you trolls, as that seems to work
Leonardo Follower
  • #337
  • Nov 26, 2009 12:47am Nov 26, 2009 12:47am
Shodd,
Would you be able to share some more light on what you mean by buyers hitting the market?

Quoting shodd
And out at 12 after the buyers stepped in again. +30 to make a total of +94 for today.

That will do me, see you all tomorrow. Hopefully a few more will crawl out of the woodwork to share. Might start calling some of you trolls, as that seems to work
Survive and Preserve
  • #338
  • Nov 26, 2009 12:58am Nov 26, 2009 12:58am
I expect two additional posters tomorrow , Paul M and Sedonapiper.

We slowly building it, if its just me and you

Quoting shodd
And out at 12 after the buyers stepped in again. +30 to make a total of +94 for today.

That will do me, see you all tomorrow. Hopefully a few more will crawl out of the woodwork to share. Might start calling some of you trolls, as that seems to work
Survive and Preserve
  • #339
  • Nov 26, 2009 1:02am Nov 26, 2009 1:02am
en0x - will respond to your question later this evening once things have settled down in the house
Leonardo Follower
  • #340
  • Nov 26, 2009 4:18am Nov 26, 2009 4:18am
Quoting en0x
Shodd,
Would you be able to share some more light on what you mean by buyers hitting the market?
Well the AUD has delivered nicely while the Euro is chopping up veges

Anyway, I can tell through my broker on which side of the spread the last trade was transacted. By that I mean I can see when buyers are hitting the offer(ask) or when sellers are hitting the bid. When price reaches a level I believe to be important (previous area of S/R or round number) I watch the ticker monitor very closely to see if a stream of buyingselling starts in one direction. This can be a very early indication of pending reversal. It is an essential tool for my scalping.

At present I like using it for this swing trading style because it often allows me to close at near the topbottom of a swing; meaning I am out of the market when a retrace happens. I find this advantageous for a number of reasons with little downside as I will usually be able to re-enter close to my previous exit if the trend continues.

I'm reluctant to talk more about my exit strategytrade management as it differs from what is being taught by FebFX..... so I don't want to pollute this thread (or the main one for that matter). It also takes a really long time to get a good enough feel for the ticker such that you could base consistently good decisions off of.

Happy to field specific questions via PM mate.
Leonardo Follower
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