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System 2 (AUD trading)

  • #361
  • Nov 26, 2009 5:52pm Nov 26, 2009 5:52pm
On a side note, the credit crisis could be finally hitting us?
http://www.reuters.com/article/newsO...5AP1L120091126

Our brokerage floor is very busy today(making HUGE amount of money mind you) because of dubai defaulting on a few bonds...
Survive and Preserve
  • #362
  • Nov 26, 2009 8:02pm Nov 26, 2009 8:02pm
I am back in short from 9049.
"Save your ass, then go for profit"
  • #363
  • Nov 26, 2009 8:09pm Nov 26, 2009 8:09pm
Quoting Paul M
I am back in short from 9049.
In the same trade Paul. Good to see you're still looking for opportunities. This sort of thing is what it takes to make it in the business.
Leonardo Follower
  • #364
  • Nov 26, 2009 8:24pm Nov 26, 2009 8:24pm
Quoting shodd
In the same trade Paul. Good to see you're still looking for opportunities. This sort of thing is what it takes to make it in the business.
Yes i am regretting not getting some of the upswing. Can't complain though
"Save your ass, then go for profit"
  • #365
  • Nov 26, 2009 8:26pm Nov 26, 2009 8:26pm
Quoting Paul M
Yes i am regretting not getting some of the upswing. Can't complain though
I wouldn't beat yourself up too much about that. The upswing was quite erratic and certainly not ideal trading conditions.

Let's just worry about managing the current trade.
Leonardo Follower
  • #366
  • Nov 26, 2009 8:28pm Nov 26, 2009 8:28pm
A few buyers hitting the ask around 22-24, but not enough for me to bail on the position just yet. Will let it run for a couple more bars.
Leonardo Follower
  • #367
  • Nov 26, 2009 8:32pm Nov 26, 2009 8:32pm
I prefer feb's statement on this matter. The market is a Saint Whore... it will take your pips as fast as you make them

So I am out, made way more then what I wanted/need to make for the day. No point in being excessivly greedy.

Quoting shodd
In the same trade Paul. Good to see you're still looking for opportunities. This sort of thing is what it takes to make it in the business.
Survive and Preserve
  • #368
  • Nov 26, 2009 8:33pm Nov 26, 2009 8:33pm
22 has been breached, now setting stop at BE even though @ 49 it's a bit of a sitting duck level. I think we'll get close to 00 before 49....
Leonardo Follower
  • #369
  • Nov 26, 2009 8:33pm Nov 26, 2009 8:33pm
Quoting shodd
A few buyers hitting the ask around 22-24, but not enough for me to bail on the position just yet. Will let it run for a couple more bars.
I am looking to see how it reacts to the 9000 mark
"Save your ass, then go for profit"
  • #370
  • Nov 26, 2009 8:36pm Nov 26, 2009 8:36pm
Quoting en0x
I prefer feb's statement on this matter. The market is a Saint Whore... it will take your pips as fast as you make them

So I am out, made way more then what I wanted/need to make for the day. No point in being excessivly greedy.
Fair enough En0x. I prefer however to make the proverbial hay while the sun shines - market is nicely trending today and it's very very easy to make pips. On these types of days I prefer extracting as much as possible out of them as it helps make up for the choppy or consolidating days.
Leonardo Follower
  • #371
  • Nov 26, 2009 8:45pm Nov 26, 2009 8:45pm
Are you still in shodd. what do you make of this retrace ?
"Save your ass, then go for profit"
  • #372
  • Nov 26, 2009 8:54pm Nov 26, 2009 8:54pm
Hmm.. stopped out at 9045. +4. I think i could have manged that better.... Thats me for the day. Have a good weekend
"Save your ass, then go for profit"
  • #373
  • Nov 26, 2009 8:56pm Nov 26, 2009 8:56pm
Hello guys what you think about AUDUSD now ? i am long but i dont know maybe that is not good idea ?
"Buy on fear, sell on greed !!!
  • #374
  • Nov 26, 2009 8:57pm Nov 26, 2009 8:57pm
Hi Mate,

Can you post a chart and the reason you are long? If you have a valid reason then sure, its fine to go long. You know the plan , trade it. I am out as I made more then enough today. Will fight another day on Monday


Quoting Petar_Serbia
Hello guys what you think about AUDUSD now ? i am long but i dont know maybe that is not good idea ?
Survive and Preserve
  • #375
  • Nov 26, 2009 9:00pm Nov 26, 2009 9:00pm
Quoting Paul M
Are you still in shodd. what do you make of this retrace ?
I'm still in. The retrace is probably just the usual lunchtime reversal. Don't like where my stop is at, but will leave it go. Earlier thought about bailing at 14 while watching the ticker, but got distracted and didn't follow through. So will leave this one to either stop me out or bail when I see faster buying activity as per usual.
Leonardo Follower
  • #376
  • Nov 26, 2009 9:04pm Nov 26, 2009 9:04pm
Quoting shodd
The retrace is probably just the usual lunchtime reversal.
I will keep an eye on the tokyo clock next time. Nice tip thanks.
"Save your ass, then go for profit"
  • #377
  • Nov 26, 2009 9:12pm Nov 26, 2009 9:12pm
Quoting en0x
Hi Mate,

Can you post a chart and the reason you are long? If you have a valid reason then sure, its fine to go long. You know the plan , trade it. I am out as I made more then enough today. Will fight another day on Monday
Yea i took trade based on M1 and M5
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"Buy on fear, sell on greed !!!
  • #378
  • Nov 26, 2009 9:17pm Nov 26, 2009 9:17pm
Aaaand I'm out at breakeven. Did not manage this trade optimally at all. Not too much you can do when your 4 year old comes in wanting to play footy....

Hindsight will also demonstrate that the stop placement was poor also. Anyway, next....
Leonardo Follower
  • #379
  • Nov 26, 2009 9:25pm Nov 26, 2009 9:25pm
Not even going to comment


Quoting Petar_Serbia
Yea i took trade based on M1 and M5
Survive and Preserve
  • #380
  • Nov 26, 2009 9:26pm Nov 26, 2009 9:26pm
Damn hi9ndsight

enjoy footy ,one day I will hopefully be a full time trader and then I can get me some children

Quoting shodd
Aaaand I'm out at breakeven. Did not manage this trade optimally at all. Not too much you can do when your 4 year old comes in wanting to play footy....

Hindsight will also demonstrate that the stop placement was poor also. Anyway, next....
Survive and Preserve
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