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AUD/USD

  • #31,261
  • Jul 25, 2011 4:02am Jul 25, 2011 4:02am
Quoting VennD
U shouldn't follow my crazy ideas .... Im not making a call to everyone.. esp the newbie ... It is my trade that I informed... that's all.
Sorry I didn't mean that.
I know there should be a point that the market return to go upwards. but i was impatient to wait lost some money.
and for example it started to go up from 796 and i'm confused on determining the additional long positions where to add...
  • #31,262
  • Edited 4:15am Jul 25, 2011 4:13am | Edited 4:15am
Quoting hbkarakas
Sorry I didn't mean that.
I know there should be a point that the market return to go upwards. but i was impatient to wait lost some money.
and for example it started to go up from 796 and i'm confused on determining the additional long positions where to add...
oic .... try demo then ... practise to identify calculative probabilities .... learn precise entry .... immediately place BE+1 the moment it is in green.... reenter at the next best possible price if stop out .... lock it at BE+1 again ... and let it runs... Cheers !
  • #31,263
  • Edited 5:18am Jul 25, 2011 4:43am | Edited 5:18am
In that case I doubt u ever trade using naked chart whereby u need to enter trades w/o indicators at all .... just use candlestick.

Here's one lesson for u..

During a downtrend, a white body occurs with an open that is also the low for it. This may signify a start of rally for the bulls. The larger the white candlestick is, the more significant it is.

Why I enter long @ 796 ? There's a candle signal in 5m tf .... it ask me to scalp long ..The signal candle is Open 800 = Low 800.

However, if it is in smaller tfs example 1m/5m/15m .... it is only good for scalping. For scalp short ... do the other way round... for example in an uptrend look for Close X = High X ... few pips above that ... short it (scalp) .. u can save your stop loss. There're many other signals in candles such as how many pips it will go... etc... but don't ask me.. coz I don't want to be your teacher/mentor...

Hope that helps ..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au5m_04.gif Size: 67 KB
Click to Enlarge Name: au5m_10.gif Size: 62 KB
  • #31,264
  • Jul 25, 2011 5:27am Jul 25, 2011 5:27am
Quoting VennD
In that case I doubt u ever trade using naked chart whereby u need to enter trades w/o indicators at all .... just use candlestick.

Here's one lesson for u..

During a downtrend, a white body occurs with an open that is also the low for it. This may signify a start of rally for the bulls. The larger the white candlestick is, the more significant it is.

Why I enter long @ 796 ? There's a candle signal in 5m tf .... it ask me to scalp long ..The signal candle is Open 800 = Low 800.

However, if it is in smaller tfs example 1m/5m/15m .... it...
Very nice
Why not be a teacher or mentor? u will hv heaps of students here.

Tks a lot
  • #31,265
  • Edited 6:17am Jul 25, 2011 5:56am | Edited 6:17am
Quoting audangel
Very nice
Why not be a teacher or mentor? u will hv heaps of students here.

Tks a lot
Im busy most of the times counting foreign currency notes at the banks & at the money changer shops ... plus ....... clubbing with the bankers ( right now counting AUD and some other foreign currency notes using a machine to be distributed to the shops while clubbing in this AU thread)
  • #31,266
  • Edited 6:16am Jul 25, 2011 6:15am | Edited 6:16am
I think by now ... u can scalps up and down .. in between my positions (short @ 837 and long @ 796 )
  • #31,267
  • Jul 25, 2011 6:17am Jul 25, 2011 6:17am
Quoting VennD
I think by now ... u can scalps up and down .. in between my positions (short @ 837 and long @ 796 )
imho easy shorts at supply for approx. 70 pips so far, i missed em

jonas

Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 155 KB
Hero calls followed by margin calls...
  • #31,268
  • Jul 25, 2011 6:18am Jul 25, 2011 6:18am
Quoting PhAnTi'
imho easy shorts at supply for approx. 70 pips so far, i missed em

jonas

Attachment
as well 078x-080x area is good for long reloads imho,

whats ur opinion vennd ?
Hero calls followed by margin calls...
  • #31,269
  • Jul 25, 2011 6:21am Jul 25, 2011 6:21am
Quoting PhAnTi'
imho easy shorts at supply for approx. 70 pips so far, i missed em

jonas
... U must be away just now with your girlfriends ...
  • #31,270
  • Jul 25, 2011 6:23am Jul 25, 2011 6:23am
Quoting VennD
I think by now ... u can scalps up and down .. in between my positions (short @ 837 and long @ 796 )
I m doing it now as ur suggested
Clubbing.... so nice
  • #31,271
  • Jul 25, 2011 6:23am Jul 25, 2011 6:23am
Quoting VennD
... U must be away just now with your girlfriends ...
lol
Hero calls followed by margin calls...
  • #31,272
  • Jul 25, 2011 6:24am Jul 25, 2011 6:24am
Quoting PhAnTi'
lol
btw still prefering some more downmove before another leg up and final break of prev highs

lets c

imho too late to enter short here for swing or intradax,scalp ok ofc.
Hero calls followed by margin calls...
  • #31,273
  • Edited 6:31am Jul 25, 2011 6:29am | Edited 6:31am
Quoting PhAnTi'
as well 078x-080x area is good for long reloads imho,

whats ur opinion vennd ?
I did talk abt that 790 yesterday ... most technical analysts said ... AU will rise if 790 holds.. plus ... recv info ..... one of American big guns are buying AJ TP 90.00 SL 84.00 , this can support the cause for AU to rise,... take note also ... wt's that ? ... lemme check back ..
  • #31,274
  • Jul 25, 2011 6:31am Jul 25, 2011 6:31am
Quoting VennD
I did talk abt that 790 yesterday ... most technical analysts said ... AU will rise if 790 holds.. plus ... recv info one of Americans big guns are buying AJ TP 90.00 SL 84.00 , this can support the cause for AU to rise,... take note also ... wt's that ? ... lemme check back ..
sry, coudlnt catch your post,was offline....

alright,thanks for the insight.

regards
Jonas
Hero calls followed by margin calls...
  • #31,275
  • Edited 6:54am Jul 25, 2011 6:53am | Edited 6:54am
here it is .... there're ppl defending 87.75 in AJ ... but the American big gun is well known with billions snipers to push it through .... don't chase the price imo... u could be slaughtered in between.. look for best possible price to enter long in AU or AJ.

attached :

1) AU 5m tf

2) AJ 30m tf
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au5m_05.gif Size: 66 KB
Click to Enlarge Name: aj30m_03.gif Size: 63 KB
  • #31,276
  • Jul 25, 2011 6:59am Jul 25, 2011 6:59am
Quoting VennD
In that case I doubt u ever trade using naked chart whereby u need to enter trades w/o indicators at all .... just use candlestick.

Here's one lesson for u..

During a downtrend, a white body occurs with an open that is also the low for it. This may signify a start of rally for the bulls. The larger the white candlestick is, the more significant it is.

Why I enter long @ 796 ? There's a candle signal in 5m tf .... it ask me to scalp long ..The signal candle is Open 800 = Low 800.

However, if it is in smaller tfs example 1m/5m/15m .... it is...
Dear VennD,

Thank you very much for your sharing
I examined the open=low=1,0799 candle and understand the example of a signal type. THank you !

I just need to know more about adding more positions to existing ones. I'm searhing on the forum for it and also following your posts to learn/grab someting.
  • #31,277
  • Jul 25, 2011 7:00am Jul 25, 2011 7:00am
Quoting VennD
here it is .... there're ppl defending 87.75 in AJ ... but the American big gun is well known with billions snipers to push it through .... don't chase the price imo... u could be slaughtered in between.. look for best possible price to enter long in AU or AJ.

attached :

1) AU 5m tf

2) AJ 30m tf
alright,thanks for the insight buddy.

in addition : Where do u plan to bank ur aj short if u expect further upmoves ?


Quote
look for best possible price to enter long in AU or AJ.
Hero calls followed by margin calls...
  • #31,278
  • Edited 7:17am Jul 25, 2011 7:09am | Edited 7:17am
Quoting PhAnTi'
alright,thanks for the insight buddy.

in addition : Where do u plan to bank ur aj short if u expect further upmoves ?
Look carefully in those charts ... That AU short and AJ short are @ BE +1 .... and let em blow it ... I don't mind .... both longs will follow from behind.

attached one more time ....specially for jonas..my dear friend ..

1) AU 5m tf

2) AJ 30m tf
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au5m_06.gif Size: 66 KB
Click to Enlarge Name: aj30m_04.gif Size: 62 KB
  • #31,279
  • Jul 25, 2011 7:11am Jul 25, 2011 7:11am
Quoting VennD
Look carefully in that chart ... That short is @ BE +1 .... and let em blow it ... I don't mind .... my long will follow from behind.
sure i noticed the fixed stop,but wouldnt it be safer to bank shorts here and let the longs run and break north if expected?

Jonas
Hero calls followed by margin calls...
  • #31,280
  • Edited 7:26am Jul 25, 2011 7:20am | Edited 7:26am
Quoting PhAnTi'
sure i noticed the fixed stop,but wouldnt it be safer to bank shorts here and let the longs run and break north if expected?

Jonas
Told u ... different trader has different strategy ... in case the plan doesn't work out .... I can still sit on both of them......and if they stop em out .... my snipers are hidding behind all those candles to replace em... don't u see it ? ....
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