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System 2 (AUD trading)

  • #501
  • Dec 1, 2009 10:58pm Dec 1, 2009 10:58pm
Quoting en0x
Far out, this is painful....

market dead for NFP, what do you think Shodd?
AUD needs some Metamucil I think

Not sure whether the employment announcement is having an effect, as it is a fair way off yet. Just one of those days that demand is meeting supply (not much on either side having said that).

Best strategy for days like today is to go do something else for the day. The key is to recognise these conditions ASAP.
Leonardo Follower
  • #502
  • Dec 1, 2009 11:02pm Dec 1, 2009 11:02pm
I am getting into hope which is not a good place to be. So I am going to close out and quit for the day
I make money anywhere in the world by taking orders
  • #503
  • Dec 1, 2009 11:06pm Dec 1, 2009 11:06pm
Quoting SedonaPipper
I am getting into hope which is not a good place to be. So I am going to close out and quit for the day
Are you in the short from 61 mate?

If you are then your reason for exiting is not valid. Leave aside hope and stick to the plan you had before you entered.
Leonardo Follower
  • #504
  • Dec 1, 2009 11:06pm Dec 1, 2009 11:06pm
Check out London session, might be some movement.

today seems pretty dead. Maybe waiting for london like yesterday...

Quoting SedonaPipper
I am getting into hope which is not a good place to be. So I am going to close out and quit for the day
Survive and Preserve
  • #505
  • Dec 1, 2009 11:08pm Dec 1, 2009 11:08pm
Quoting shodd
Are you in the short from 61 mate?

If you are then your reason for exiting is not valid. Leave aside hope and stick to the plan you had before you entered.
short at 64 thanks for the reminder still in though its not meeting my expectancy very well
I make money anywhere in the world by taking orders
  • #506
  • Dec 1, 2009 11:14pm Dec 1, 2009 11:14pm
out at -1 - when unable to breakthorugh 9262 took my #1 exit chance and said next
I make money anywhere in the world by taking orders
  • #507
  • Dec 1, 2009 11:20pm Dec 1, 2009 11:20pm
Quoting SedonaPipper
out at -1 - when unable to breakthorugh 9262 took my #1 exit chance and said next
Awesome! Massive slap on the back to you mate!

That's about all the praise you'll get from me because really when you break it down, you simply stuck to your plan. Time to move on. Be nimble.
Leonardo Follower
  • #508
  • Dec 1, 2009 11:25pm Dec 1, 2009 11:25pm
Quoting shodd
Awesome! Massive slap on the back to you mate!

That's about all the praise you'll get from me because really when you break it down, you simply stuck to your plan. Time to move on. Be nimble.
Thank you. I will gratefully take it - I wrote in my trading jounal this was a trade where with the help of shodd, I stuck to the plan which is worth a beer. With a suds in hand, I am going to stop and come back for the New York session. My hours for trading really suck sometimes. May miss out on the runner for the evening and if so - that's life.
I make money anywhere in the world by taking orders
  • #509
  • Dec 1, 2009 11:31pm Dec 1, 2009 11:31pm
Quoting SedonaPipper
Thank you. I will gratefully take it - I wrote in my trading jounal this was a trade where with the help of shodd, I stuck to the plan which is worth a beer. With a suds in hand, I am going to stop and come back for the New York session. My hours for trading really suck sometimes. May miss out on the runner for the evening and if so - that's life.
Enjoy the brew mate. I'm off to ride my bike up a hill (so that I can go down it really fast). Might just have a beer myself when I get back.
Leonardo Follower
  • #510
  • Dec 2, 2009 4:39pm Dec 2, 2009 4:39pm
Morning, lets see if AUD wants to do something this asia session or sit on its ass again.
Survive and Preserve
  • #511
  • Dec 2, 2009 4:53pm Dec 2, 2009 4:53pm
Morning folks. Let's see what the AUD will serve up today.

There's a mini series that has started airing on Aus TV in the last couple of weeks called "Band of Brothers". I know it's been out for a while now (I was in the States when it premiered in 2001) and I'm pretty sure it aired here in Oz some years ago. But I have not seen it before and after the first couple of episodes I am hooked.

Perspective.

The last couple of days has been challenging for some. I can feel it coming through in the posts. While watching Band of Brothers last night I was reminded quite brutally that we as traders should really keep the challenges we face in perspective. I'm not belittling the challenges that trading throws at you, for some they are great and others they will be insurmountable......but we're hardly jumping out of planes into a night sky so full of enemy fire that what should be black is orange and red. These soldiers not only managed to get on the ground through tremendous adversity and huge losses, they ended up claiming their objective and winning the day!

The only way they were able to achieve their objective was by having a sound plan to start with. Then being sharp of mind to make the necessary on-the-fly decisions required to carry the plan out successfully.

So, we're all here, about to start another day with an objective to achieve. It's nowhere near as hard as what those soldiers (or any others that have fought in battle) had, but we still need to have a plan, stick to it and use our heads.
Leonardo Follower
  • #512
  • Dec 2, 2009 4:59pm Dec 2, 2009 4:59pm


Good post and yes, keeping it in perspective is a good idea.

Thanks for the post.

Quoting shodd
Morning folks. Let's see what the AUD will serve up today.

There's a mini series that has started airing on Aus TV in the last couple of weeks called "Band of Brothers". I know it's been out for a while now (I was in the States when it premiered in 2001) and I'm pretty sure it aired here in Oz some years ago. But I have not seen it before and after the first couple of episodes I am hooked.

Perspective.

The last couple of days has been challenging for some. I can feel it coming through in the posts. While watching Band of Brothers last night...
Survive and Preserve
  • #513
  • Dec 2, 2009 5:32pm Dec 2, 2009 5:32pm
Long @ 74
Leonardo Follower
  • #514
  • Dec 2, 2009 5:35pm Dec 2, 2009 5:35pm
already long on a morning bracket
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.png Size: 77 KB
Survive and Preserve
  • #515
  • Dec 2, 2009 5:39pm Dec 2, 2009 5:39pm
I am in with Shodd at 9274
I make money anywhere in the world by taking orders
  • #516
  • Edited 7:00pm Dec 2, 2009 6:32pm | Edited 7:00pm
out + 8 oh well reload. This exit was because I didn't get in at the best level so when the news came out I was trigger happy and when price came back towards my entry I pulled the trigger. I am also remember FEB saying "if price goes in your direction for 10 to 20 pips and then retraces fast just get out and reload. So I did.
I make money anywhere in the world by taking orders
  • #517
  • Dec 2, 2009 6:59pm Dec 2, 2009 6:59pm
Closed +24, mucking around at this level to , closed.
Quoting SedonaPipper
out + 8 oh well reload
Survive and Preserve
  • #518
  • Dec 2, 2009 7:01pm Dec 2, 2009 7:01pm
Quoting en0x
Closed +24, mucking around at this level to , closed.
the value of a good entry my 8 and your 24. Your entry gave you more room to work than mine.
I make money anywhere in the world by taking orders
  • #519
  • Dec 2, 2009 7:13pm Dec 2, 2009 7:13pm
Closed at 92 after sellers really stepped in at 95-96. The 00 level might be hard to break.
Leonardo Follower
  • #520
  • Dec 2, 2009 8:12pm Dec 2, 2009 8:12pm
First time posting on this thread, but have followed it with great interest. Band of brothers is a favorite of mine also. The immense and atrocious situations these men were put through is unimaginable. I respect them wholeheartedly. War is the the worst side of mankind, but unfortunately sometimes necessary. Ennox, I have followed feb's thread from the beginning and read all of your post. I am in the same situation as you being on the east coast, going into work at 5:00am and off at 3:30pm. I cannot stay up 24 hrs a day and have no access to a computer at work but will somehow work it out. FX has changed my thinking about trading for the better. Will participate in this thread if you will allow me. by the way, I was long at 1.9242, out at 9282. Tks
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