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AUD/USD

  • #25,921
  • Dec 22, 2010 9:32am Dec 22, 2010 9:32am
Quoting VennD
hhhhmmmm............if you defend 0.9977, somebody will defend 1.0007. Now..... we can scalp between them untill we both colapsed ! ..
how do u know if some one its defending 0.9977 or 1.0007? pls enlighten us,thanks!
  • #25,922
  • Dec 22, 2010 9:33am Dec 22, 2010 9:33am
Im going for a short now... @ 9999...Lets play the funky music.
  • #25,923
  • Dec 22, 2010 9:38am Dec 22, 2010 9:38am
I trade daily timeframes, and thus would not personally wouldn't trade AUD/USD for now. What was a very nice head and shoulders formation that formed in end November/early December has totally become nullified; the bullish trendline proved too strong to be broken I guess. Guess it tells us not to trade in December =/
  • #25,924
  • Dec 22, 2010 9:38am Dec 22, 2010 9:38am
Quoting fxking
how do u know if some one its defending 0.9977 or 1.0007? pls enlighten us,thanks!
Its under Information , Protection Security Act (my a55) ...

...its like " Don't Ask, Don't Tell ". period.
  • #25,925
  • Dec 22, 2010 9:39am Dec 22, 2010 9:39am
Quoting VennD
When I was young, I worked in a bank. Often went to branches and other banks too for exchanges of this and that.. One thing in common among them....banks are run by GREEDY PEOPLE. Too greedy.... until they bankrupt themselves and the whole world.

When chaos happened.......they did.... they call it "currencies swap" on NO VALUE PAPER among themselves....and once again the whole world in trouble. Banks !!!......You read but you don't understand what you read. Why ?
I completely agree with you ..

The 1929 crisis or this one, in which we currently live, what is the differences each other ..

They are the same, too much confidence, too much careless with economics tool by the big fish of business world ..

Have we learnt something by 1929 crisis? No, we make always the same mistakes and this will be the way in the future, with others and others crisis ..
  • #25,926
  • Dec 22, 2010 9:41am Dec 22, 2010 9:41am
Quoting Maveri4k
I trade daily timeframes, and thus would not personally wouldn't trade AUD/USD for now. What was a very nice head and shoulders formation that formed in end November/early December has totally become nullified; the bullish trendline proved too strong to be broken I guess. Guess it tells us not to trade in December =/
To maximize profits we can trade scalp short and long . Use double barrel..Enter each early and exit early.
  • #25,927
  • Edited 9:57am Dec 22, 2010 9:53am | Edited 9:57am
Long target 1.0024. if reverse by 3pips ...take out long....maintain short @ 9999 and 10007. There is R1 @ 1.0011.
  • #25,928
  • Dec 22, 2010 10:02am Dec 22, 2010 10:02am
Quoting Maveri4k
I trade daily timeframes, and thus would not personally wouldn't trade AUD/USD for now. What was a very nice head and shoulders formation that formed in end November/early December has totally become nullified; the bullish trendline proved too strong to be broken I guess. Guess it tells us not to trade in December =/
Yes, it was a very nice and profitable H&S, until it revealed itself fake
  • #25,929
  • Dec 22, 2010 10:09am Dec 22, 2010 10:09am
This is good training to who wants to be scalper. The more she runs here and there,..the more money a scalper got. Now tell me..are they smart bankers ?
  • #25,930
  • Dec 22, 2010 10:15am Dec 22, 2010 10:15am
there's one more interesting price up there...@ 1.0041. I think..... all grown up know wht to do.
  • #25,931
  • Dec 22, 2010 10:27am Dec 22, 2010 10:27am
this style of trading has no time for StopLoss. Just ...enter early ...............long/short......exit early.......reenter with the opposite...lastly take out the last one. Objective 100pips in an hour.

Don't matter how many lots u use... as long as 100pips target achieved in an hour. ( Learn and practise precise entries with only small mistakes which can be corrected later. Always maintain margin in a sustainable manner ).
  • #25,932
  • Dec 22, 2010 10:29am Dec 22, 2010 10:29am
now entering short for the 3rd lot @ 1.0007
  • #25,933
  • Dec 22, 2010 10:38am Dec 22, 2010 10:38am
Quoting VennD
this style of trading has no time for StopLoss. Just ...enter early ...............long/short......exit early.......reenter with the opposite...lastly take out the last one. Objective 100pips in an hour.

Don't matter how many lots u use... as long as 100pips target achieved in an hour. ( Learn and practise precise entries with only small mistakes which can be corrected later. Always maintain margin in a sustainable manner ).
how many pips do u TP for each trade?
  • #25,934
  • Dec 22, 2010 10:59am Dec 22, 2010 10:59am
10007 and 10003 - closed !
  • #25,935
  • Dec 22, 2010 11:04am Dec 22, 2010 11:04am
Quoting fxking
how many pips do u TP for each trade?
If situation warrant...... 1lot=1pip .......but we use at least 10lots in a trade to make the job done. might be less than an hour.
  • #25,936
  • Dec 22, 2010 11:24am Dec 22, 2010 11:24am
but ......i don't want you to learn beacuse......IM GREEDY !
  • #25,937
  • Dec 22, 2010 11:33am Dec 22, 2010 11:33am
reenter shorts @ 10007 and 10011 plus SLimit 10016.
  • #25,938
  • Dec 22, 2010 11:49am Dec 22, 2010 11:49am
He's very funny...trade w/o indis at all ! how did he gains ?

he pull up a 5m tf chart . if the graph nearly reach at the upper right corner..he sells....and when the graph nearly reach the lower right corner ..he buys..its fun and profitable. damn..he !!
  • #25,939
  • Dec 22, 2010 11:51am Dec 22, 2010 11:51am
10007 n 10011 - closed !
  • #25,940
  • Dec 22, 2010 11:54am Dec 22, 2010 11:54am
Maintain SLimit @ 10016 ......and now sit.....watch...refresh yrself with a cool drinks..
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