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AUD/USD

  • #12,201
  • Dec 23, 2009 4:05am Dec 23, 2009 4:05am
Quoting dongsky
okay i will close to... just under 90 pips
Well done, we are doing great milking that money tree, Santa has come early for us
  • #12,202
  • Dec 23, 2009 4:07am Dec 23, 2009 4:07am
just liquidated my shorts but i left one position but i move the stop loss to a profit of 15 pips all my indicator is still pointing downwards, just for a benifit of doubt
Success consists of going from failure to failure without loss of enthusiam
  • #12,203
  • Dec 23, 2009 4:11am Dec 23, 2009 4:11am
Quoting dongsky
just liquidated my shorts but i left one position but i move the stop loss to a profit of 15 pips all my indicator is still pointing downwards, just for a benifit of doubt
I'm taking that long position for a quick 20 pipis
  • #12,204
  • Dec 23, 2009 4:12am Dec 23, 2009 4:12am
Quoting dongsky
just liquidated my shorts but i left one position but i move the stop loss to a profit of 15 pips all my indicator is still pointing downwards, just for a benifit of doubt
The trend is down. But if you can pip on the way you might as well do it. I will need to log in from my second computer to post my charts to show the supports at 8740. Its a mother of a support....lol will do it in a minute
Find a job that you love and you dont have to work again in your life.
  • #12,205
  • Dec 23, 2009 4:14am Dec 23, 2009 4:14am
Quoting tradoholic
The trend is down. But if you can pip on the way you might as well do it. I will need to log in from my second computer to post my charts to show the supports at 8740. Its a mother of a support....lol will do it in a minute
Show us please me can not wait
  • #12,206
  • Dec 23, 2009 4:20am Dec 23, 2009 4:20am
Quoting Daytrader74
Show us please me can not wait
there you go. Keep an eye on the RSI to reverse your position.
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Find a job that you love and you dont have to work again in your life.
  • #12,207
  • Dec 23, 2009 4:22am Dec 23, 2009 4:22am
ahhhh...i'm over forex trading.

whenever do some analysis and then get in, i lose...
whenever i do analysis and am nervous of losing more $$, i decide to look & then, what do you know, it would've been a nice 100+ pips.
  • #12,208
  • Dec 23, 2009 4:22am Dec 23, 2009 4:22am
Quoting tradoholic
the supports at 8740. Its a mother of a support....
The bigger they are the harder they fall. Once we crack this support (which I feel will be shortly) we take another nice sharp leg down! ;-)
  • #12,209
  • Dec 23, 2009 4:26am Dec 23, 2009 4:26am
Quoting oztrader1
The bigger they are the harder they fall. Once we crack this support (which I feel will be shortly) we take another nice sharp leg down! ;-)
Agreed. But I dont think we have the volume to break it before NY opens. So keep on sculping up and down between 8758 and 8744. Nice range. Gives you 10 pips min each way. do it 5 times and its better than the break. Its approaching time to go short now.....
Find a job that you love and you dont have to work again in your life.
  • #12,210
  • Dec 23, 2009 4:47am Dec 23, 2009 4:47am
Here it goes few more up and downs 10-15pips each way then my 1day charts tell me the next major resistance is at .8658/.8670 see what happens
  • #12,211
  • Dec 23, 2009 4:49am Dec 23, 2009 4:49am
thats if it breaks .8745
  • #12,212
  • Dec 23, 2009 5:02am Dec 23, 2009 5:02am
Through support, by the look of things ...
Happy trading, pip pip!
  • #12,213
  • Dec 23, 2009 5:06am Dec 23, 2009 5:06am
Quoting ivanovic01
thats if it breaks .8745
Closed all shorts. Dont know if it will break the support or not. Might go long once again.....
Find a job that you love and you dont have to work again in your life.
  • #12,214
  • Dec 23, 2009 5:08am Dec 23, 2009 5:08am
Quoting tradoholic
Closed all shorts. Dont know if it will break the support or not. Might go long once again.....
It just broke the support and went all the way down to 0.8733
  • #12,215
  • Dec 23, 2009 5:12am Dec 23, 2009 5:12am
Quoting Daytrader74
It just broke the support and went all the way down to 0.8733
I went long again from 8738. I dont consider shooting stars a break. It needs to break it clear and stay under it. I will hedge it at 8745 though
Find a job that you love and you dont have to work again in your life.
  • #12,216
  • Dec 23, 2009 5:13am Dec 23, 2009 5:13am
Quoting djmvc
ahhhh...i'm over forex trading.

whenever do some analysis and then get in, i lose...
whenever i do analysis and am nervous of losing more $$, i decide to look & then, what do you know, it would've been a nice 100+ pips.
Some unsolicited advise:

Simplify your analysis to extreme simplicity.

Reduce $$ down to .$ or even .0$.

Don't worry about what "would've been" - it's pointless.

Slow down or even take a break but, keep going.

  • #12,217
  • Dec 23, 2009 5:14am Dec 23, 2009 5:14am
Well 1 min after i wrote that it broke .8744 so easy short around .8730/20 then go for ride down hill
  • #12,218
  • Dec 23, 2009 5:17am Dec 23, 2009 5:17am
Looks like perhaps we have a test of prior support? ... patience ...
Happy trading, pip pip!
  • #12,219
  • Dec 23, 2009 5:18am Dec 23, 2009 5:18am
Quoting LadyPenelope
Through support, by the look of things ...
false break, im long
Grabbing the bull by the horns!
  • #12,220
  • Dec 23, 2009 5:21am Dec 23, 2009 5:21am
hooray, c losed my long at 8753 with double position, now net short from 8753. I think it will break support this time .......
Find a job that you love and you dont have to work again in your life.
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