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  • #28,881
  • Edited 11:53pm Mar 17, 2011 11:32pm | Edited 11:53pm
Quoting ely
The only time i have lost on my strategy is, when i deviated from my plan!..and that was totally down to losing my PATIENCE!...& if i may add, it was on
the Eur/Usd...i took a hit of £1000 and had i stayed on my strategy, it would of netted me £10.000!!
That is when i realised, that even though the plan may be good, the reason for entry may be good, the subsequent deployment of soldiers may be good and account
management is also good.....BUT, if you DEVIATE FROM THAT PLAN and lose PATIENCE to see that plan through...then...
Dear Ely,

You have been calling AUDUSD short for the past 3 months but along the way it printed new highs on more than one occasion. If you have been trading based on price action you would have your Audi convertible in your garage by now.
  • #28,882
  • Mar 17, 2011 11:45pm Mar 17, 2011 11:45pm
Quoting fxstman
Eli, That sounds great. I hope you don't mind me asking, but do you have anything written that teaches or tells in detail on how the plan works? Would love to learn something like that.
Have a good day/night,

fxst
Don't think he has anything to teach. His one and only "trading plan" is to sell-the-hell-out-of-AUDUSD. His trading is based on his extreme bearish sentiment on this pair and his "analysis" are all cut-and-paste bearish reports from wherever he can find, without crediting the source.
  • #28,883
  • Mar 17, 2011 11:50pm Mar 17, 2011 11:50pm
Start to short aud euro now
  • #28,884
  • Mar 18, 2011 12:53am Mar 18, 2011 12:53am
Quoting moonnblue
cant tell you my system its a secret
Don't know where my last reply went!
Anyway moonlight, you can't do anything about currency market intervention like G7 agreed on this morning! Many forms of manipulation..this is one form!

Must remember the impact of this type of manipulation..sorry, intervention! The1995 Kobe earthquake saw USD/JPY fall from 100 to 79.80. Then the BOJ started to intervene, and intervene and intervene. USD/JPY finally stopped rising at 146! With the G7 now behind them and limitless funds at their disposal, who knows what this manipulati...sorry, Intervention does!

Shorts on from 1.0000 if she wants'm
Sanks
  • #28,885
  • Mar 18, 2011 2:50am Mar 18, 2011 2:50am
Quoting Velywrong
Be careful with his calls. He only trades in one direction and he is well known as a good contrarian indicator for AUDUSD.
You are Vely Wrong!
  • #28,886
  • Mar 18, 2011 3:01am Mar 18, 2011 3:01am
The levels are easy to spot so I won't delve into much talk about it.

Attached Image (click to enlarge)
Click to Enlarge Name: aussie 4h march bear.gif Size: 32 KB


Although both SMAs 200 and 100 have been broken, I would favor at least a retest of the break at 1.0100 if the "potential inverted H&S" pattern doesn't come out and should we really be starting a trend reversal, before going much deeper into the red zone.

Attached Image (click to enlarge)
Click to Enlarge Name: aussie 4h march.gif Size: 26 KB


Till then, I am still bullish on this pair.
  • #28,887
  • Mar 18, 2011 3:10am Mar 18, 2011 3:10am
Quoting ely
You are Vely Wrong!
Yes that's me...

I have been a long time reader of FF forums but have never posted. I couldn't help it after reading all your hilarious posts so i created this nick specifically for you ely...
  • #28,888
  • Mar 18, 2011 4:03am Mar 18, 2011 4:03am
You can't b good reader if you've missed the amount of times i've closed & re-entered!
Check previous posts..and read again..but this time, with some genuine observation
  • #28,889
  • Mar 18, 2011 5:11am Mar 18, 2011 5:11am
Quoting Velywrong
Yes that's me...

I have been a long time reader of FF forums but have never posted. I couldn't help it after reading all your hilarious posts so i created this nick specifically for you ely...
He he, amusing, I see that our genius Ely is still publishing his crap regularly. He must have blown up his demo accounts at least ten times I suppose.

Newbies, be careful! That man has never produced an idea of his own, and what VelyWrong wrote some posts above is 100% truth.

If you ever wish to learn something then read another AUDUSD post, which has been open exclusively to avoid Ely's ramblings and where that expert is explicitly forbidden to post. Real traders know why...
  • #28,890
  • Mar 18, 2011 5:48am Mar 18, 2011 5:48am
Quoting ely
You can't b good reader if you've missed the amount of times i've closed & re-entered!
Check previous posts..and read again..but this time, with some genuine observation
I have been an avid follower of your posts... Have read about your toilets and panasonic and corsa and Audi and what not.

It doesn't matter how many times you reenter you only trade AUD in one direction. If you keep your mind open you could have pocketed 250 pips from the 0.97 rebound which could have been a significant contribution to your corsa/Audi dream.
  • #28,891
  • Mar 18, 2011 6:03am Mar 18, 2011 6:03am
Quoting JanPoko
He he, amusing, I see that our genius Ely is still publishing his crap regularly. He must have blown up his demo accounts at least ten times I suppose.

Newbies, be careful! That man has never produced an idea of his own, and what VelyWrong wrote some posts above is 100% truth.

If you ever wish to learn something then read another AUDUSD post, which has been open exclusively to avoid Ely's ramblings and where that expert is explicitly forbidden to post. Real traders know why...
+1

I go to the other thread to read serious analysis from real traders but visit this thread occasionally just to read ely's post to kill boredom.
  • #28,892
  • Mar 18, 2011 6:29am Mar 18, 2011 6:29am
Quoting Velywrong
+1

I go to the other thread to read serious analysis from real traders but visit this thread occasionally just to read ely's post to kill boredom.
Is he really so amusing? Should I remove him from my Ignore list to get some refreshment too?

I visit the thread regularly from habbit - it used to be a pretty good and informative source. But lately I mostly see just notices about Ely's contributions - that little boy practically hijacked the thread. Pitty, but maleshi, the new thread is a perfect solution, I think.
  • #28,893
  • Mar 18, 2011 10:15am Mar 18, 2011 10:15am
Pretty slow price action for an extemenly rare Quad Witching/G7 coordianated intervention day. Perhaps some big money has decided to stand aside and let the dust settle. We'll find out into London close! Good trades to all...

Regards,
  • #28,894
  • Mar 18, 2011 10:55am Mar 18, 2011 10:55am
Quoting ely
Thank you Roger..welcome and good luck with your trading
Just remember Roger, keep it small & steady, so...
Thank you ely, I am still learning and are open to any opportunities and suggestions to improve my trading strategy.
I too always had successful PLANS but in reality ended up with a loss, often due to greed/ wishful thinking/ not taking partial profits. Now I learnt things the hard way..

I was tempted to enter a short at 0.994 earlier this morning, but was AFRAID that the market might move higher up to parity, so I preferred to stand aside.

I have a pending short at 1.00, but i'm hesitating whether to buy at this point from 0.993 to 1.00? Better not, since we're at hourly resistance and it's also possible that this pair may go down to 0.9865 !

You have any positions open at the moment ely? Or any other experienced traders can give some words of wisdom?
  • #28,895
  • Mar 18, 2011 11:47am Mar 18, 2011 11:47am
Quoting Rookie-Roger
Thank you ely, I am still learning and are open to any opportunities and suggestions to improve my trading strategy.
I too always had successful PLANS but in reality ended up with a loss, often due to greed/ wishful thinking/ not taking partial profits. Now I learnt things the hard way..

I was tempted to enter a short at 0.994 earlier this morning, but was AFRAID that the market might move higher up to parity, so I preferred to stand aside.

I have a pending short at 1.00, but i'm hesitating whether to buy at this point from 0.993 to 1.00?...
IMHO you are better off checking out the other AUDUSD thread. That is where the real traders have their serious discussions about this currency pair.

If I am not responding to Ely's posts here you will notice that he'll be having a monologue all by himself in this thread.... hmmm maybe we should ask the moderator to change the thread title to "Ely's AUDUSD SELL" so it will not be confused with the other AUDUSD thread.
  • #28,896
  • Mar 18, 2011 9:18pm Mar 18, 2011 9:18pm
What a week and I expect plenty more to come.
At the moment Iam flat as I banked my longs in before the big fall happened last week. I stay on the sidelines till the market stabilizes (just watch the yen pairs).

The weekly chart (last candle) looks very bullish and I take my hat off for anybody taking the low to buy.

Attached Image (click to enlarge)
Click to Enlarge Name: aud usd weekly.gif Size: 22 KB


On the daily chart price has bounced near the EMA 200 line and it is a good entry point to go long at normal times.

Attached Image (click to enlarge)
Click to Enlarge Name: aud usd daily.gif Size: 18 KB


Depending on next weeks news the AUD could go sideways for a while and the buy levels are crystal clear to play the edges.

Cheers
  • #28,897
  • Mar 20, 2011 5:16am Mar 20, 2011 5:16am
Quoting Magix
Well, let's try this then...

How's be it you try and throw down an actual chart backed analysis, or with whatever you use to help anybody understand what it is you are talking about and shy away from the insults...

Really, you seem to be adding nothing, passing insults, completely wasting space that takes away from the spirit of FF and other members having the ability to feel safe and comfortable with their ideas here...

My call is based on several technical points on a test of the 0.9200 area

After the fall to below 8100 in May 2010 the technical route had a stark comparability or a trend with similarity based on its rise thereof:

1- May 2010 went from below 8100 to 8550 falling back down below 8100 -

2- June 2010 went from below 8100 to 8870 falling back down to 8320 -
I.e., it FELL BELOW PREVIOUS HIGHS (8550) by 250 pips

3- July 2010 went from below 8320 to 8880 falling back down to 8640 -
I.e., it FELL BELOW PREVIOUS HIGHS (8870) by 220 pips

4- July 2010 went from below 8640 to 9230 falling back down to 8770 -
I.e., it FELL BELOW PREVIOUS HIGHS (8880) by 100 pips

5- August 2010 went from below 8770 to ABOVE PARITY -
It has YET TO FALL BELOW PREVIOUS HIGHS of 9230

A fall below previous highs generally is a few hundred below..hence my Level 4 target of 9200 remains a strong possibility, & few hundred below should see circa 8900.

I repeat, i do not play the 20 second chart! Like i said several times, my technicals are based on the daily chart.

For the record, this is my call on what is coming, regardless of where it is going. I don't need anyone to tell me if i had collected from this high to this low, i would have made this amount!! I have collected several times, and will continue to collect anything above 100+ pips, only to reinvest at higher prices on route to test that missed technical area of circa 9200.

Good straight answers appreciated...nobular jockeys need not bother.
Hope it helps
Sanks

http://i51.tinypic.com/334heuh.jpg
  • #28,898
  • Mar 20, 2011 8:28am Mar 20, 2011 8:28am
I think you make excellent points in your trading information, every trader is different in technique and position and which ever works for the trader is what works, the beauty is there are 1000's of different techniques to trade and not one is necessarilly the right one
good trading to all
  • #28,899
  • Mar 20, 2011 9:47am Mar 20, 2011 9:47am
Quoting ely

...nobular jockeys need not bother.
Well i guess that counts me out.

  • #28,900
  • Mar 20, 2011 10:36am Mar 20, 2011 10:36am
Quoting Astroman
Well i guess that counts me out.

I admire your honesty Astro


mckal33..totally agree with you mate...many different interpretation of technical analysis can be made to justification status...therefore, its everyone to their own
I still admire Astromans honesty. Wander how many others may come out of the woods to admit nobjok staus

Sanks
Ely McShagger
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