- #163
- Sep 20, 2010 10:21am Sep 20, 2010 10:21am
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Hallelujah, Aussie is making the run to our target, you know it, its your choice
- #166
- Sep 21, 2010 7:18am Sep 21, 2010 7:18am
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Nzd/Usd support and resistance update
[size=3]Nzd/Usd was rejected @ .7395-.7440 as shown on the weekly chart, this area was providing very strong resistance...
- #167
- Sep 21, 2010 8:16am Sep 21, 2010 8:16am
- | Commercial User | Joined Jan 2010 | 5,509 Posts
AUD/USD MY FAVOR TRADE, Support and Resistance
- #168
- Sep 21, 2010 9:31am Sep 21, 2010 9:31am
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Aussie hit .95 must follow the trend, i hope you did follow and made a lot of pips, despite we are at strong resistance now, i am still long.
hi mate, i dont understand how come you are targeting aud/usd up to .95 area, do you mean as in long term? because from yesterday, TIC long term purchase has increase, with Phillip has went down. I still seeing is a good chance to short at this area(maybe i am wrong) Hope you can share your opinion. Thanks
good trading mate~
- #169
- Edited 11:55am Sep 21, 2010 11:13am | Edited 11:55am
- | Commercial User | Joined Jan 2010 | 5,509 Posts
The most common big mistake we trader do is too much analysis, we read different views and analysis within 15 to 30 Minutes and finally come up with the conclusion we are not sure where the market going, why? Because some say long, the others say short and the rest sitting on the sideline undecided what to do. And the other mistake we trader do is not anticipating anything ,we just react to everything, and this is the bigest mistake we make. Anticipation and knowing what will happen in the near future is good thing, this does not mean you act like you know it all, rather you must have all the facts together, make sure the facts are correct, then follow up with your plan, enjoy your sleep and profit and finally never act like you Mr know it all, just keep doing what you do best.
Reacting is the biggest mistake to trade. If the trend is up, you buy, if the trend is down you sell and if we are in a sideway movements stay out of the market. Some will ask why I am long in the Aussie despite a lot of the other analyst in FF have changed their analysis so many time, one day long and the other short, just ask yourself this question over and over and over again.
The simple and logic answer is if you look at your monthly and weekly chart, Aussie signal long position since we hit the area of .6005 on the monthly with three strong bullish candles starting @ .6200and never stop since only for retracement to test .8000 and from there it took of and never stop.Day after day, week after week, month after month, strong news, interest rate hike, good employment report plus the trend itself give me confirmation to continue and stay bullish, I trade large time frames, my smallest is the 4H and I think trading smaller time frame will stress you out, drive you crazy ,you end up-loosing. Over trade is another reason we most loose money, because either you want more profit or you want to recover all or some of your losses. Believe me It does not work, another reason is trading multiple currency not related to each other, this will wipe your account out, it happen to me before and I am sure it happened to you too.
So here is my advise, you can take it into consideration or toss it in the garbage,
1- Do not over react.
2- Follow the trend.
3- Do not guess when you trade, you must have your facts together.
4- Only take the trade you understand
5- Take your trade when it is in your favor
6- Make sure if you going with the trend or coming in on
retracement.
7- Every trading session have different personality, you must know it.
Reacting is the biggest mistake to trade. If the trend is up, you buy, if the trend is down you sell and if we are in a sideway movements stay out of the market. Some will ask why I am long in the Aussie despite a lot of the other analyst in FF have changed their analysis so many time, one day long and the other short, just ask yourself this question over and over and over again.
The simple and logic answer is if you look at your monthly and weekly chart, Aussie signal long position since we hit the area of .6005 on the monthly with three strong bullish candles starting @ .6200and never stop since only for retracement to test .8000 and from there it took of and never stop.Day after day, week after week, month after month, strong news, interest rate hike, good employment report plus the trend itself give me confirmation to continue and stay bullish, I trade large time frames, my smallest is the 4H and I think trading smaller time frame will stress you out, drive you crazy ,you end up-loosing. Over trade is another reason we most loose money, because either you want more profit or you want to recover all or some of your losses. Believe me It does not work, another reason is trading multiple currency not related to each other, this will wipe your account out, it happen to me before and I am sure it happened to you too.
So here is my advise, you can take it into consideration or toss it in the garbage,
1- Do not over react.
2- Follow the trend.
3- Do not guess when you trade, you must have your facts together.
4- Only take the trade you understand
5- Take your trade when it is in your favor
6- Make sure if you going with the trend or coming in on
retracement.
7- Every trading session have different personality, you must know it.
Good luck to us all, just keep in mind( I don't know it all, I was wrong before, but I always have plan before I enter the market and always protect myself) none of us perfect only god is perfect.
- #171
- Sep 21, 2010 12:10pm Sep 21, 2010 12:10pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Eur/Usd support and resistance, be careful watch the news @ 2:30PM, later guys it is raining here like crazy, good luck
- #175
- Sep 21, 2010 2:11pm Sep 21, 2010 2:11pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Watch your pips, Support and resistance for the Aussie Hallelujah
- #177
- Sep 21, 2010 7:04pm Sep 21, 2010 7:04pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
1- Do not over react.
2- Follow the trend.
3- Do not guess when you trade, you must have your facts together.
4- Only take the trade you understand
5- Take your trade when it is in your favor
6- Make sure if you going with the trend or coming in on
retracement.
7- Every trading session have different personality, you must know it.
- #178
- Sep 21, 2010 7:47pm Sep 21, 2010 7:47pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Nzd/usd support and resistance
1- Do not over react.
2- Follow the trend.
3- Do not guess when you trade, you must have your facts together.
4- Only take the trade you understand
5- Take your trade when it is in your favor
6- Make sure if you going with the trend or coming in on
retracement.
7- Every trading session have different personality, you must know it.
