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Aud/usd system analysis

  • #4,381
  • Mar 21, 2011 9:41pm Mar 21, 2011 9:41pm
talk about freaky numbers

Although I'm not real sure of its relevance, many people keep bringing this to my attention. . .
United States lost many lives on 9.11.01
Japan lost many lives on 3.10.11
Add the two dates together and you get 12.21.12
  • #4,382
  • Mar 21, 2011 10:08pm Mar 21, 2011 10:08pm
My Nzd 4hr target was hit @ 7375. In this trade since thursday or friday for 90 pips in practice account. Now we must find the next target. That was my first long term real swing trade set up. Pretty cool but does take patience and disipline. Good luck tomarrow.
  • #4,383
  • Mar 21, 2011 10:18pm Mar 21, 2011 10:18pm
Quoting forxsniper1
My Nzd 4hr target was hit @ 7375. In this trade since thursday or friday for 90 pips in practice account. Now we must find the next target. That was my first long term real swing trade set up. Pretty cool but does take patience and disipline. Good luck tomarrow.


Hi Sniper, great profit!

Until my A was taken out I was looking to trade with the downtrend, not against it.

congrats!
Dan
  • #4,384
  • Mar 21, 2011 10:33pm Mar 21, 2011 10:33pm
hello i been watching ur thread for almost a week now
how can join ur party
how u guys doing trading
whats system or indi
  • #4,385
  • Mar 21, 2011 10:39pm Mar 21, 2011 10:39pm
Quoting romio
hello i been watching ur thread for almost a week now
how can join ur party
how u guys doing trading
whats system or indi

Hello romio!

You are more than welcome to join in, just participate in the thread, and ask questions. Mme is the one who is teaching many of us to properly analyze the market.

WELCOME!

Dan
  • #4,386
  • Mar 21, 2011 11:23pm Mar 21, 2011 11:23pm
Quoting romio
hello i been watching ur thread for almost a week now
how can join ur party
how u guys doing trading
whats system or indi
Hello, as Dan said MME is our Mentor here and we trade using support and resistance, along with Fibonacci levels. Level by Level. We use Fib levels, extentions, and retracements. Mostly to confirm support and resistance levels. I will promise you that you dont need ANY other Indicators or tools. Just ask MME to guide you as he is KING ! you will see what we mean soon. Welcome aboard...
  • #4,387
  • Mar 21, 2011 11:27pm Mar 21, 2011 11:27pm
I sure wish the GBP would break that 6298 support and test 6249 before it continues up. LOL I would love to get out atleast break even... I dont think it can break back through the 98 though? Whats your thoughts? thanks
  • #4,388
  • Mar 21, 2011 11:40pm Mar 21, 2011 11:40pm
thanks dan and sniper
i am here now
i dont like indicators also but i dont know how trade without indi i hope i can learn from u guys
  • #4,389
  • Mar 21, 2011 11:43pm Mar 21, 2011 11:43pm
Quoting forxsniper1
I sure wish the GBP would break that 6298 support and test 6249 before it continues up. LOL I would love to get out atleast break even... I dont think it can break back through the 98 though? Whats your thoughts? thanks
what S/R indi u guys using
  • #4,390
  • Mar 21, 2011 11:44pm Mar 21, 2011 11:44pm
Quoting forxsniper1
I sure wish the GBP would break that 6298 support and test 6249 before it continues up. LOL I would love to get out atleast break even... I dont think it can break back through the 98 though? Whats your thoughts? thanks
Ok guys I took 21 Pip loss on Gbp and Im going to get sleep so I can come back at 3 or 4 as its 1 now. I could have stayed in this trade and loss less and I coulda lost more too. 21 pip stop loss because I traded wrong is an acceptable lesson. Im grateful I didnt loose 50 pips.. Dont like to loose more than 30 on my losses. Good nite and God Bless.. Sniper out!
  • #4,391
  • Mar 21, 2011 11:47pm Mar 21, 2011 11:47pm
Quoting romio
what S/R indi u guys using
Monthly, Weekly, Daily, and sometimes 4 Hour levels. We find these levels ourselves and with MMe's charts and boxes. You will learn quickly.. Peace out!
  • #4,392
  • Mar 21, 2011 11:56pm Mar 21, 2011 11:56pm
Quoting forxsniper1
I sure wish the GBP would break that 6298 support and test 6249 before it continues up. LOL I would love to get out atleast break even... I dont think it can break back through the 98 though? Whats your thoughts? thanks

Hi Sniper!


I'm showing the GBP/USD with an A/B uptrend and a C retracement to the 23.6 and first target hit, which was 27.2. According to what we learned this may be a quick move up to our 61.8 target. The price is currently at 1.6294 and it is relaxing after hitting the target. I suppose it could relax closer to the 1.6249, but I don't know if I would feel comfortable holding on to that decision once the European session would start. You can lose too much too fast holding on to a bad position, especially in the GBP!

Could you break even? Maybe, but is this position worth holding on to?


I hope everything turned out okay with your vehicle and everything, best wishes.


I have to work tomorrow guys. I'll try and check in for the Euro session, but I'm not sure what time I'll be able to check in during the day tomorrow.

take care all!
Dan
  • #4,393
  • Mar 22, 2011 12:11am Mar 22, 2011 12:11am
Quoting romio
what S/R indi u guys using

Hi romio,

Like Sniper said, we mark our own highs/lows. Tomorrow night I'll try to look up some threads to help you read the charts. In the mean time, please do stick with it. Mme is really teaching us to fish, instead of giving us a fish to eat. No dependency on indicators and no gimmicks.

See you tomorrow!

Dan
  • #4,394
  • Mar 22, 2011 3:46am Mar 22, 2011 3:46am
Dan very good call on the GBP. You were spot on with that one. Hope you grabbed a piece of it. I have a small position on the Eur/Usd currently is all.
  • #4,395
  • Mar 22, 2011 3:48am Mar 22, 2011 3:48am
Hello guys!



I woke up a little late, I've got to work this morning and have to get a little bit of sleep!

Looks like Europe gave us a little head fake already. I'm going this way, that way.


I'm going to start off following my usual 5, Eur/JPY, Eur/USd, GBP/Jpy, Gbp/Usd, Nzd/Usd (I'm already up from 93, profit locking along the way)

Good morning all!
Dan
  • #4,396
  • Mar 22, 2011 3:52am Mar 22, 2011 3:52am
Quoting forxsniper1
Dan very good call on the GBP. You were spot on with that one. Hope you grabbed a piece of it. I have a small position on the Eur/Usd currently is all.


I woke up a little late, Sniper. It looked like it was going to give up another move, but it quickly took it back. I've got one running in the NZD/USD though...


We'll see>>>

Dan
  • #4,397
  • Mar 22, 2011 3:53am Mar 22, 2011 3:53am
Quoting gonefishin
Hello guys!



I woke up a little late, I've got to work this morning and have to get a little bit of sleep!

Looks like Europe gave us a little head fake already. I'm going this way, that way.


I'm going to start off following my usual 5, Eur/JPY, Eur/USd, GBP/Jpy, Gbp/Usd, Nzd/Usd (I'm already up from 93, profit locking along the way)

Good morning all!
Dan
Dan which pair are you up on? I started to play the gbpchf from 69 but hesitated and didnt pull yhe trigger now its up 20 pips from there.Yes Im glad I minimized losses on that pound last nite as I see it didnt drop much from where I got out. Its all good. Target by target..
  • #4,398
  • Mar 22, 2011 3:55am Mar 22, 2011 3:55am
u guys care about news ?
  • #4,399
  • Mar 22, 2011 3:57am Mar 22, 2011 3:57am
Hi Romio,

One of the first things we do when looking at a currency is to start in the BIG time frame, the monthly candle. Draw a trend line there, this is the only way you'll get an idea of where the currency is going. Chasing it around in the small timeframe can drive you MAD, and broke. Narrow up your candles when you do this to really get an idea on direction.

I'm sure Mme, will be along today too.

Dan
  • #4,400
  • Mar 22, 2011 4:04am Mar 22, 2011 4:04am
Good morning, We were about 1 to 2 hrs late and behind the moves this am. Tomarrow I will need to be here sooner to catch when the pairs break out from their over nite consolidation. This can happen from about 2am to anytime this early am. watch the markets as they are moving swiftly and some very quickly at the start of each new hour. Protect yourself with stops at all times. Maybe Dan has a chart with resistance and support boxes he can post for you and if not we will get MME to post you some. I grabbed 17 pips off the Gbp/Chf overnite and Im currently down 3 on the Eur/Usd. Hope you have a great day.
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