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AUD/USD

  • #10,661
  • Dec 2, 2009 11:21pm Dec 2, 2009 11:21pm
Quoting earthsmate
I am sidelined at the moment just a small EUR. I tend to get trapped in overbought

Win lots, lose them all that the end ... I want patience to be my friends this time . I am thankful to God I am still on a win .
If you are accurately predicting markups then why not scalp them? I mean, take majority of lots off the table when you normally get "stuck", move stops to BE in case it turns into a swing and then move onto the next setup.
  • #10,662
  • Dec 2, 2009 11:22pm Dec 2, 2009 11:22pm
Quoting amyc
Ist week of the month has a tendency to finish on or near the highs when in an uptrend. This is unless the monthly highs have already been hit, so if we hit 9407 on Thursdays session then we may sell down on Friday but otherwise we are likely to keep heading higher into Friday.
Great quant style info. Please keep these sort of posts up!
  • #10,663
  • Dec 2, 2009 11:27pm Dec 2, 2009 11:27pm
Quote from earlier today:

the self-fulfilling prophecy that was the kiwi sell recommendation issued by a major US investment bank (vs. GBP - GBP/NZD rallied over 2 big figures). Our own short NZD preference has been vs. NOK *cut by sinner for relevance* NZ commodity prices due at 02:00gmt should be strong thanks to milk prices but we doubt will register on the NZD FX scales. RA

NZDUSD just retraced into its range to break yesterdays high. Well done "major US investment bank"...
  • #10,664
  • Dec 2, 2009 11:30pm Dec 2, 2009 11:30pm
Quoting sinner-
If you are accurately predicting markups then why not scalp them? I mean, take majority of lots off the table when you normally get "stuck", move stops to BE in case it turns into a swing and then move onto the next setup.
Being a noob, am still adjusting my trading style. Thanks for the suggestion and would see how it fits into my trading system.

Cheers
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  • #10,665
  • Dec 2, 2009 11:44pm Dec 2, 2009 11:44pm
Good advice!
I do this when I have not caught the beginning of a nice swing, or when I am just watching trades w/o stop loss. Closed, GBP and EUR / USD longs.
Watching Aussie, may just exit now before LDN and pick up in NY.

Many times a decent entry will serve up 15 to 35 pips and retrace below the
entry a bit. Better of if short term, closing when the PA turns, then wait,
enter, close repeat!! Not a bad way to stack pips at all!

Goodnight and good luck all!

Quoting sinner-
If you are accurately predicting markups then why not scalp them? I mean, take majority of lots off the table when you normally get "stuck", move stops to BE in case it turns into a swing and then move onto the next setup.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #10,666
  • Dec 2, 2009 11:44pm Dec 2, 2009 11:44pm
I had a few shorts that I closed them off before, but went short again at 9300 stop at 9330. Looking at it now I am not sure whether we are still gonna head south or stay around here. my 1min, 5 min and 15 min are all indicating upswing, except my 1min T3 MACD lines just on neutral slight bearish bias. I have a gut feeling that it will head back down again, but hard to make momey based on gut feelings now......
Find a job that you love and you dont have to work again in your life.
  • #10,667
  • Dec 3, 2009 12:03am Dec 3, 2009 12:03am
I just bought that dip 93052. Bring on the irrational exuberance!
  • #10,668
  • Dec 3, 2009 12:05am Dec 3, 2009 12:05am
Quoting sinner-
I just bought that dip 93052. Bring on the irrational exuberance!
shouldn't we wait a bit
Attached Image (click to enlarge)
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  • #10,669
  • Dec 3, 2009 12:12am Dec 3, 2009 12:12am
i will put pending order for sell at 1.9325 what u think guys???
  • #10,670
  • Dec 3, 2009 12:16am Dec 3, 2009 12:16am
Quoting forexlion
shouldn't we wait a bit
9325 is a magnet.
  • #10,671
  • Dec 3, 2009 12:30am Dec 3, 2009 12:30am
What did I say?
Attached Image
  • #10,672
  • Dec 3, 2009 12:40am Dec 3, 2009 12:40am
Quoting sinner-
What did I say?
well done mate!
Find a job that you love and you dont have to work again in your life.
  • #10,673
  • Dec 3, 2009 12:42am Dec 3, 2009 12:42am
Alright, I am willing to try a quick test of supply here, so I took off that crazy long and put a short on with 10 tick SL (just the profits from the other long) @ 93122.
  • #10,674
  • Dec 3, 2009 1:05am Dec 3, 2009 1:05am
Quoting sinner-
Alright, I am willing to try a quick test of supply here, so I took off that crazy long and put a short on with 10 tick SL (just the profits from the other long) @ 93122.
Well I did the opposit, took another short at 9318 and diluted my other short, lets see if it works out this time
Find a job that you love and you dont have to work again in your life.
  • #10,675
  • Dec 3, 2009 1:05am Dec 3, 2009 1:05am
Quoting sinner-
Alright, I am willing to try a quick test of supply here, so I took off that crazy long and put a short on with 10 tick SL (just the profits from the other long) @ 93122.
Nice, did you get it ?
  • #10,676
  • Dec 3, 2009 1:10am Dec 3, 2009 1:10am
Quoting Daytrader74
Nice, did you get it ?
Still on at +9 and running. That could've been the daily or even weekly high depending on overnight markets. It's pretty obvious the RBA is sitting on the offer (or someone big is) and some other big dog is sitting on the bid saying yep bring it on I know something you don't. Not sure I should be sitting in the middle trying to play games but it's made a pretty tick or two so far
  • #10,677
  • Dec 3, 2009 1:19am Dec 3, 2009 1:19am
It worked out ok this time. 9282 is where I can see it going down to. Any one with me?
Find a job that you love and you dont have to work again in your life.
  • #10,678
  • Dec 3, 2009 1:22am Dec 3, 2009 1:22am
Quoting tradoholic
It worked out ok this time. 9282 is where I can see it going down to. Any one with me?
I am risking 10 pips to see it at the level I wrote in my first post during Tokyo today, possibly even lower.
  • #10,679
  • Dec 3, 2009 1:26am Dec 3, 2009 1:26am
Quoting sinner-
Still on at +9 and running. That could've been the daily or even weekly high depending on overnight markets. It's pretty obvious the RBA is sitting on the offer (or someone big is) and some other big dog is sitting on the bid saying yep bring it on I know something you don't. Not sure I should be sitting in the middle trying to play games but it's made a pretty tick or two so far
Nice one mate, I'm still sitting short from 0.9320 thinking of TP now ?
  • #10,680
  • Dec 3, 2009 1:50am Dec 3, 2009 1:50am
Do anyone elses charts indicate that we are about to hit the highs for the year? I am looking at my S&P charts and i think the highs could be hit tonight, 1126-28.
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