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Aud/usd system analysis

  • #4,521
  • Mar 23, 2011 8:04am Mar 23, 2011 8:04am
Dan, what is 1.605, do you mean1.6205?
Quoting gonefishin
hi guys!

I didn't have much time for forex yesterday at work, and i just walked into the door at home. A quick look at the markets revealed that they were making a move. I'm not jumping in blind, so i'll probably just watch the current moves.

At 1.605 i have previous convergence on the 240 candle chart and 23.6 right below for the current swing. I'll have to take a closer look to see what moves have happened and where we're at.

Hope everyone did well yesterday!

Dan
  • #4,522
  • Mar 23, 2011 8:19am Mar 23, 2011 8:19am
1.6205. I wasn't able to work up anything for yesterdays movement, but I'll go over that stuff now.

Dan
  • #4,523
  • Mar 23, 2011 8:22am Mar 23, 2011 8:22am
gbp aud buy practice account played eur chf early for a few pips done for day
  • #4,524
  • Mar 23, 2011 8:23am Mar 23, 2011 8:23am
mme what you looking at
  • #4,525
  • Mar 23, 2011 8:23am Mar 23, 2011 8:23am

this is the eur/usd with the weekly and daily swing

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  • #4,526
  • Mar 23, 2011 8:30am Mar 23, 2011 8:30am
Quoting forxsniper1
Yesterday pound was long and today pound is ground...


!!!
  • #4,527
  • Mar 23, 2011 8:35am Mar 23, 2011 8:35am

GBP/USD Support & resistance

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  • #4,528
  • Mar 23, 2011 8:45am Mar 23, 2011 8:45am

eur/usd weekly, with last 2 swings long

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  • #4,529
  • Mar 23, 2011 9:28am Mar 23, 2011 9:28am
Mme,

GBP/USD. So it looks like the Bulls scored a point, getting past last weeks high. The bears took the ball and could only make it past yesterdays low. We'll see what the next move is and who will keep the ball for a bit.

(the way it looks to me) Could we go up? Yes, it would then be a small retracement after this week broke last weeks high. Could we go lower over the next few day? Yes, I won't change my game plan until my A gets taken out...there's is nothing wrong with further retracement.

Currently, it looks as though not much has changed.

Dan
  • #4,530
  • Mar 23, 2011 9:34am Mar 23, 2011 9:34am
That is what I see too, but as always we trade what we see, it does matter, going up or going down.swing by swing

Quoting gonefishin
Mme,...
  • #4,531
  • Mar 23, 2011 9:38am Mar 23, 2011 9:38am
We all analyze the market different, some will say short and the others will say long, the most important thing is how we use Fibonacci levels.
  • #4,532
  • Mar 23, 2011 11:00am Mar 23, 2011 11:00am
WHERE ARE YOU GUYS
  • #4,533
  • Mar 23, 2011 11:04am Mar 23, 2011 11:04am

Nzd/Usd support what is next

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  • #4,534
  • Mar 23, 2011 1:41pm Mar 23, 2011 1:41pm
I'm looking over my charts and something occurred to me. I wish that they made sleeping beds, By Fibonacci. It just looks like such a nice place to rest!

Oh I am in my element
V, Sr, , Sn, Pm, Pt, Fm
Dan
  • #4,535
  • Mar 23, 2011 2:09pm Mar 23, 2011 2:09pm
Quoting gonefishin
I'm looking over my charts and something occurred to me. I wish that they made sleeping beds, By Fibonacci. It just looks like such a nice place to rest!

Oh I am in my element
V, Sr, , Sn, Pm, Pt, Fm
Dan
I wish I had a large account.. practice acct.. cadjpy 38 pips...eurchf 55 pips.. chfjpy (currently up 37 pips) and live account gbpjpy 21 pips. If only this was all in my live account it was a good trading day..
  • #4,536
  • Mar 23, 2011 2:13pm Mar 23, 2011 2:13pm
nice day Sniper!
  • #4,537
  • Mar 23, 2011 2:22pm Mar 23, 2011 2:22pm
practice practice practice
  • #4,538
  • Mar 23, 2011 2:38pm Mar 23, 2011 2:38pm
My two biggest issues are not having enough equity in my live account because of my old losses and the most important thing is my FIB PLACEMENT.. as long as I get them placed right, The percentage of wins is easily above 90%. All of this is if we stick to the rules for targets and entries. I love to play counter trend retracements off the 161 fib back to 10 pips short of 61.8 target. Thanks guys for all the support and I continue to look forward to learning from all of you....Dan and Joey.. are you guys trading live daily now or practice accounts too?
  • #4,539
  • Mar 23, 2011 2:47pm Mar 23, 2011 2:47pm
both have money in one account when i hit 15 plus pips i take .50 off....... than 25 another .50....... move stop to plus 15 and will let it ride i do usually one trade a night morning whenever than do the rest on practice till i really get it down
  • #4,540
  • Mar 23, 2011 3:34pm Mar 23, 2011 3:34pm
Quoting joeyv33
both have money in one account when i hit 15 plus pips i take .50 off....... than 25 another .50....... move stop to plus 15 and will let it ride i do usually one trade a night morning whenever than do the rest on practice till i really get it down
Cool this sounds like a great stradegy and I like how you protect yourself. I have to build confidence to trade live and stay in my trades as I have lost alot of money before I found Mme and this post. I find myself being too conserveitive alot and need to let my trades run. I have a decent understanding of my stradegy and when I let it play to my targets in practice account, its very rewarding. I am still working on trading without emotions live though. Thanks for everyones help.
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