I saw it as profit taking before the RBA rate decision which is later today not a signal to go short.
I wouldn't touch AUD pairs until after...
I wouldn't touch AUD pairs until after...
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DislikedI would like to ask you advice regarding the AUDNZD.
I've placed a SELL order on the BEEB from Thursday. Friday the order was activated. Friday had a strong rejection from 20 EMA and there is also a support at ~1.28 which I have considered (and stil consider it) minor relative to the R from ~1.29.
I haven't canceled my order after I saw that Friday hammer because I consider the resistance still powerful. I do not consider this trade being a mistake but I would like to ask your thoughts on this trade, while its still fresh.
What do you think...Ignored
DislikedAlthough my daily PA was showing BEOB when the bar closed on Thursday, if you look at attached Big Boss chart, you'll see that major SR was just above 1.2800 and you sold to the major support.Ignored
DislikedGood post Marcus.
But what if you see a nice SS on your chart which is not on Strat's? Do you see beyond that SS to stay out of a trade? While a BEEB or BEOB is a clear and basic PA, you can get a SS also from some not-so-basic PA.Ignored
DislikedHi all,
Once again I offer my head on the chopping block. The discussion on feeds and Strats post of his AUD/JPY...Ignored
DislikedI would like to ask you advice regarding the AUDNZD.
I've placed a SELL order on the BEEB from Thursday. Friday the order was activated. Friday had a strong rejection from 20 EMA and there is also a support at ~1.28 which I have considered (and stil consider it) minor relative to the R from ~1.29.
I haven't canceled my order after I saw that Friday hammer because I consider the resistance still powerful. I do not consider this trade being a mistake but I would like to ask your thoughts on this trade, while its still fresh.
What do you think...Ignored
DislikedIgnored
DislikedCertainly not. I have finally learned to trade what I see, not just what Strat posts.
If, by random chance, Strat happens to post a chart that does not show PA for an entry but mine does and all the proper signals are there, I take the trade. By proper signals I mean worker, boss, big boss all in alignment and PA exists on my charts at SR.
Hope that clears it up...base your trades on the PA from your charts, not anyone else's.
-mIgnored
DislikedThis topic has come up several times so I'll also post this for those with more questions.
I believe that seeing beyond the candles covers a very broad range of concepts....Ignored
DislikedYou were trading AGAINST the Boss and Big Boss - you want these on YOUR side not AGAINST you.Ignored
DislikedLooking for advice:
Shorted Gbp/nzd last week @ 2.2199 currently 760 pips in profit
This week opened with a LARGE gap downward so I hedged to secure profits in expectation that the gap was going to get closed.
Instead it took a nosedive and since Im with IBFX all hedged positions get closed 5pm est (america).
Im faced with 2 options
A: Close both hedges for a nice profit
B: Close my long hedge at 4:50 est and reopen right after the 5pm in expectation that the gap is going to get closed before this pairs continues its march downard...Ignored
DislikedI don't have this pair so this is my generalised advice ...
Hedging - I personally don't like hedging, it makes me too complacent about managing my original trade.
Gaps - There is a 250 pip gap in USDJPY from 1985....Ignored