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AUD/USD

  • #26,581
  • Jan 4, 2011 7:41pm Jan 4, 2011 7:41pm
...atm.....let yr profits runs.... or wtever..adjust tp or take out some....dnt worry so much...in the next 9-12hrs we hv another 5 events to trade....2 are medium impact and 3 are low impact..

now...i smoke...
  • #26,582
  • Jan 4, 2011 7:41pm Jan 4, 2011 7:41pm
Approaching parity. I would expect support, but if it breaks south from there.......
  • #26,583
  • Jan 4, 2011 8:27pm Jan 4, 2011 8:27pm
she behaves like tht coz there're ppl building longs in the 1.0020 area..dnt worry...let them be...
  • #26,584
  • Jan 4, 2011 8:49pm Jan 4, 2011 8:49pm
Quoting VennD
she behaves like tht coz there're ppl building longs in the 1.0020 area..dnt worry...let them be...
Sorry to bother you again but many thanx. If only i had your knowledge i wouldnt worry about my meager pension!
Venn, where do i start to gain your knwlegde?
many thanks
  • #26,585
  • Jan 4, 2011 8:56pm Jan 4, 2011 8:56pm
Quoting lukyman
Sorry to bother you again but many thanx. If only i had your knowledge i wouldnt worry about my meager pension!
Venn, where do i start to gain your knwlegde?
many thanks
first, ...u need to failed several accounts, second...trade by yrself till u sleep..eat..shit..piss infront of the screen......third....loss yr family......
  • #26,586
  • Jan 4, 2011 9:14pm Jan 4, 2011 9:14pm
Quoting VennD
first, ...u need to failed several accounts, second...trade by yrself till u sleep..eat..shit..piss infront of the screen......third....loss yr family......
Well, first and second points i get top marks but as for the third, i am recently married AND she still looks fabulous so i will have to omit the third...At least for now eh?
  • #26,587
  • Jan 4, 2011 9:48pm Jan 4, 2011 9:48pm
Quoting lukyman
Well, first and second points i get top marks but as for the third, i am recently married AND she still looks fabulous so i will have to omit the third...At least for now eh?

Hi lukyman,

Notice the big grin on Venn’s reply, and yes he’s right, it sometimes takes that to be comfortable with your trading.

However, there is another way, in fact there are many ways to learn and many ways to trade. So what Venn tells you may not suit you and also what I tell you may not suit you. In other words you need to learn from everyone and build your own skills.

I remember being told that money management was the most important skill to learn, because if you manage your money, you live to trade/practice another day and the same person said “To start with only trade using a Volume of 0.01 for every $1000 in your account.

That said; take a look at my 2 charts AUDUSD M15 and H1. One method I use is Trend Lines, Venn uses Pitchforks. You will notice how the Price Action (PA) goes from the Upper Trend Line (UTL) and down to the Lower Trend Line (LTL) and then back up again. If you sell at the top and buy at the bottom you have learnt a very good skill.

Here ends the first lesson.
Lukyman, Good Luck
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5-1-11-audusd-M15.jpg Size: 65 KB
Click to Enlarge Name: 5-1-11-audusd-H1.jpg Size: 106 KB
  • #26,588
  • Edited 10:09pm Jan 4, 2011 9:55pm | Edited 10:09pm
..lets get serious....

US Data
======

...in 8hrs time, we will trade 2 events but there're both of low impact. guess cn only bank-in 4us abt 50pips or so...so if u dnt wanna join, thts ok..

and in 9hrs time ..there're 3 events to trade...1 low impact and 2 medium impact. hw mny pips? ..pls dnt ask me.


Aust data
=======
18hrs-20hrs later....1 low impact and 1 medium impact.

...i hope day after we cn hv d opportunity to trade those data with the high impact...dnt miss these show.


now u may take a rest/sleep/wtever...

i'll be away too in d mean time...now i leave ths thread to U / forumers,,,,

tc...
  • #26,589
  • Jan 4, 2011 10:21pm Jan 4, 2011 10:21pm
Hi everyone

My first post here. I have been following this AUD/USD thread and learnt a lot along thr way.

I was wondering what is the best thing to do at the moment: BUYING the AUS or SELLING it?

Thx
  • #26,590
  • Jan 4, 2011 10:45pm Jan 4, 2011 10:45pm
does anyone see the bear target 0.99xx on daily chart?
cant post a chart from this computer.
will probably post the chart when i get home later.
Thanks for any feedback in advance.
  • #26,591
  • Edited 10:52pm Jan 4, 2011 10:51pm | Edited 10:52pm
Breach of this current low could well be a great head fake, though entering long (if that is the case) will not be a simple affair.
Around 9990 area perhaps.
Biggest joker
  • #26,592
  • Jan 4, 2011 10:57pm Jan 4, 2011 10:57pm
Quoting VennD
first, ...u need to failed several accounts, second...trade by yrself till u sleep..eat..shit..piss infront of the screen......third....loss yr family......
nice explanation
Trade with the momentum
  • #26,593
  • Jan 4, 2011 11:06pm Jan 4, 2011 11:06pm
Quoting hkkhanus
...
I don't know what you want and why ...but there is in Forex factory tab "Market" where you can see any chart...
The Market pays you to be disciplined
  • #26,594
  • Jan 4, 2011 11:36pm Jan 4, 2011 11:36pm
appologies if i was not very clear, i have my daily chart pointing towards 0.99xx area,
new to this forum so thought to share and ask if someone else has the same readings?

P.S. ignore the bit about posting the chart.

Thanks


Quoting mima
I don't know what you want and why ...but there is in Forex factory tab "Market" where you can see any chart...
  • #26,595
  • Jan 4, 2011 11:38pm Jan 4, 2011 11:38pm
Thanks for sharing your view bro

Quoting baron193
Breach of this current low could well be a great head fake, though entering long (if that is the case) will not be a simple affair.
Around 9990 area perhaps.
  • #26,596
  • Jan 5, 2011 12:03am Jan 5, 2011 12:03am
Quoting fredmercury
Hi everyone

My first post here. I have been following this AUD/USD thread and learnt a lot along thr way.

I was wondering what is the best thing to do at the moment: BUYING the AUS or SELLING it?

Thx

hi mate, nice to see you, welcome to FF.com, everybody has different opinion into this pair, some people scalp, some people look at a big picture, is basically up to you. The best you can learn from everyone here is play with the trend. Never Never Never go against the trend and you have to throw away the idea of "MAYBE LATER, THIS TREND WILL REVERSE".

good trading mate, cheers
Logics do not apply in FOREX
  • #26,597
  • Jan 5, 2011 1:25am Jan 5, 2011 1:25am
Quoting fredmercury
Hi everyone

My first post here. I have been following this AUD/USD thread and learnt a lot along thr way.

I was wondering what is the best thing to do at the moment: BUYING the AUS or SELLING it?

Thx
Personally I'm short from 1.0094 but we're at monthly pivot and I may exit in case we get a bounce. Were at 1.0011 now, if it breaks north of yesterdays low (1.0026) I'm out - if not I'm staying short with a target of 0.9537.
  • #26,598
  • Jan 5, 2011 2:03am Jan 5, 2011 2:03am
Quoting hkkhanus
appologies if i was not very clear, i have my daily chart pointing towards 0.99xx area,
new to this forum so thought to share and ask if someone else has the same readings?

P.S. ignore the bit about posting the chart.

Thanks

Hi hkkhanus,
As you can see on my chart PA has hit my H4 LTL and bounced at 0.99978, from here it may go up to my H4 UTL or it may reverse back down and continue on to my Daily trend Line at about 0.99945.
Attached Image (click to enlarge)
Click to Enlarge Name: 5-1-11-audusd-H4.jpg Size: 145 KB
  • #26,599
  • Jan 5, 2011 2:36am Jan 5, 2011 2:36am
Quoting Peter-FX
Hi hkkhanus,
As you can see on my chart PA has hit my H4 LTL and bounced at 0.99978, from here it may go up to my H4 UTL or it may reverse back down and continue on to my Daily trend Line at about 0.99945.

I am impressed with accuracy of your numbers but I have to say that my numbers are more accurate:

So I have 0.999778977456389753 and 0.999448977456389753...
The Market pays you to be disciplined
  • #26,600
  • Jan 5, 2011 2:54am Jan 5, 2011 2:54am
Hi Peter,
thanks for the that. its great help, i am home now so looking at my charts right now.
i am looking at the same levels, but i don't use PA as i don't know nothing about it.
i am still learning new things everyday, would you mind helping me out learning it? or even a source where i can read about it?
Thanks
HK

Quoting Peter-FX
Hi hkkhanus,
As you can see on my chart PA has hit my H4 LTL and bounced at 0.99978, from here it may go up to my H4 UTL or it may reverse back down and continue on to my Daily trend Line at about 0.99945.
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