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AUD/USD

  • #16,641
  • Feb 16, 2010 4:28pm Feb 16, 2010 4:28pm
Probably he's a long term trader. With SL min of 300pips and TP of 500 to 1000 pips. I see a lot of long term trader like this. 200 pips on the red does not faze them at all. Good luck brother. I'm also short. But I'm only a daytrader.
  • #16,642
  • Feb 16, 2010 4:31pm Feb 16, 2010 4:31pm
Quoting c2v4l
Probably he's a long term trader. With SL min of 300pips and TP of 500 to 1000 pips. I see a lot of long term trader like this. 200 pips on the red does not faze them at all. Good luck brother. I'm also short. But I'm only a daytrader.
Now this I totally disagree with if you are a day trader what makes you think of going short... A daily close above 8950 invalidates longs for the time being...imho
Let Price determine your future!
  • #16,643
  • Feb 16, 2010 4:36pm Feb 16, 2010 4:36pm
Hi all, I added a new (red) fork to my daily chart. I'm waiting to see if it is paid any respect, but if we stay below the top line I'm going to play shorts tomorrow. If broken, the upper line of the blue one becomes my target again.
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  • #16,644
  • Feb 16, 2010 4:39pm Feb 16, 2010 4:39pm
Quoting c2v4l
Probably he's a long term trader. With SL min of 300pips and TP of 500 to 1000 pips. I see a lot of long term trader like this. 200 pips on the red does not faze them at all. Good luck brother. I'm also short. But I'm only a daytrader.
Lol

I am also mid-long term trader and in both ways dont risk more than 100-150 pips and going for minimum 1:1 RRR many times even 1:3,1:2...Just you must learn and learn and practice and practice discipline,succes will come


Cheers

For guys who opened short and still short be carefull this can go min 150-200 pips...http://www.forexfactory.com/showpost...ostcount=16646
"Buy on fear, sell on greed !!!
  • #16,645
  • Feb 16, 2010 5:15pm Feb 16, 2010 5:15pm
Quoting Leverage
Would you be surprised if I am still short from .8835?
same with me, but i really think hard what to do. is there anyone thinking that this AUD/USD will move down is a few week? or still going to move up?please help me decide either close my curent transaction or stil hold my position?
  • #16,646
  • Feb 16, 2010 5:24pm Feb 16, 2010 5:24pm
Quoting yeri
same with me, but i really think hard what to do. is there anyone thinking that this AUD/USD will move down is a few week? or still going to move up?please help me decide either close my curent transaction or stil hold my position?
I'm sorry to hear about your current situation. Aussie will lose ground once equities will start plunging which I expect to happen at the end of this week or next one. There is a bearish trend forming on daily due to LH and LL. So there will be another leg down before the RBA decision in march.
The decision whether to close your position or not is fully yours responsibility or sometimes your broker's(margin call). It depends on a lot of factors such as position size, where you entered, s/r zones, which I can't see right now.
Anyway, good luck
  • #16,647
  • Feb 16, 2010 5:28pm Feb 16, 2010 5:28pm
Quoting yeri
same with me, but i really think hard what to do. is there anyone thinking that this AUD/USD will move down is a few week? or still going to move up?please help me decide either close my curent transaction or stil hold my position?
Hi,
Let me put your mind at rest...

Give me your exact position and size..and let me tell you exactly your maximum risk and potential dates of profitability are..pm me mate...

Take it easy

Geppyg
Let Price determine your future!
  • #16,648
  • Feb 16, 2010 5:35pm Feb 16, 2010 5:35pm
Quoting Geppyg
Hi,
Let me put your mind at rest...

Give me your exact position and size..and let me tell you exactly your maximum risk and potential dates of profitability are..pm me mate...

Take it easy

Geppyg
Hi, there
IMO it's better to teach a guy how to fish, then to give a free fish.
  • #16,649
  • Feb 16, 2010 5:37pm Feb 16, 2010 5:37pm
My honest opinion is that we will go down a bit soon and then contiune to go up tomorrow, midterm it is going down though. Depending on your time frame and size, you may want to just get out at the next downward movement. Perhaps someone can post some S/R points that can help you figure out an exite strategy.
Former Trader Of the Year of the 95% losing club! Retired
  • #16,650
  • Feb 16, 2010 5:38pm Feb 16, 2010 5:38pm
Quoting pipsbull
Hi, there
IMO it's better to teach a guy how to fish, then to give a free fish.
well teach him then! lol
Former Trader Of the Year of the 95% losing club! Retired
  • #16,651
  • Feb 16, 2010 5:46pm Feb 16, 2010 5:46pm
Hi,

I was curious about those of you who are trading this longer term (more than a week or so...possibly even a month or two).....

What is your target?

It is just that there has been so much talk about parity and then everyone was talking about going down to about .84ish...so what are people thinking as a goal here?
  • #16,652
  • Feb 16, 2010 5:47pm Feb 16, 2010 5:47pm
My simple view on the dollar index...
Break or Retracement......but bearish is my overall view...
Hope this helps ....
Attached Image (click to enlarge)
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Let Price determine your future!
  • #16,653
  • Feb 16, 2010 5:51pm Feb 16, 2010 5:51pm
Quoting pipsbull
Hi, there
IMO it's better to teach a guy how to fish, then to give a free fish.
Hi Pipsbull,

I understand your thoughts and comments...but generally when new traders often enter the market they have a very weak tolerance level to loosing trades..hence the first page in my book of mentoring suggests that I would take them away from the phsycological pain of the loosing trade and then teach them what was incorrect about the trade.

Right now he needs our support not technicalmental guidance imho..
Just here to help..makes a mistake again you shoot him lol...
Let Price determine your future!
  • #16,654
  • Feb 16, 2010 5:51pm Feb 16, 2010 5:51pm
Still SHORT here and will add more shortly if it gets to 0.9040
  • #16,655
  • Feb 16, 2010 6:00pm Feb 16, 2010 6:00pm
Long here and will TP at parity and will keep adding till it goes down to 60 cents.

short here, will keep adding till it goes to parity. will TP at 60 cents


............
  • #16,656
  • Feb 16, 2010 6:00pm Feb 16, 2010 6:00pm
I posted over 20 pages ago on this thread saying we would short from higher up.

Well, here we are.

Sticking my money where my mouth is, bought some daily 9000 puts at 5USD a point.

Could be targetting 8972 or even 8932..
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  • #16,657
  • Feb 16, 2010 6:01pm Feb 16, 2010 6:01pm
It shouldn't get past 0.9050 IMHO
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  • #16,658
  • Feb 16, 2010 6:02pm Feb 16, 2010 6:02pm
Quoting Daytrader74
It shouldn't get past 0.9050 IMHO
IMHO? In your humble opinion or the humble opinion of a trader who's chart you stole?
  • #16,659
  • Feb 16, 2010 6:06pm Feb 16, 2010 6:06pm
Quoting Geppyg
Hi Pipsbull,

I understand your thoughts and comments...but generally when new traders often enter the market they have a very weak tolerance level to loosing trades..hence the first page in my book of mentoring suggests that I would take them away from the phsycological pain of the loosing trade and then teach them what was incorrect about the trade.

Right now he needs our support not technicalmental guidance imho..
Just here to help..makes a mistake again you shoot him lol...
lol I liked that part to shoot him. Anyway, sounds like a plan! Good luck
  • #16,660
  • Feb 16, 2010 6:11pm Feb 16, 2010 6:11pm
Quoting sinner-
IMHO? In your humble opinion or the humble opinion of a trader who's chart you stole?
Hi Sinner, Welcome back.
Hows your other AUD/USD thread you started a few weeks back going ?
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