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AUD/USD

  • #31,641
  • Jul 29, 2011 6:34am Jul 29, 2011 6:34am
yep already 20 pips from the highs

Quoting VennD
Now is the time to scalp short ..
Trade what you see, not what you think!
  • #31,642
  • Jul 29, 2011 6:34am Jul 29, 2011 6:34am
I'm also short on USD/CAD
BE+1
couldn't find anywhere to open AUD/USD
  • #31,643
  • Jul 29, 2011 6:36am Jul 29, 2011 6:36am
Quoting OMGtrader
yep already 20 pips from the highs
Dear OMGtrader,could you please share your experience on "opening sell position on USD/CAD @ the top you did shortly ago".

after what/which signal do you open it?

I also opened it too, but not as high as yours. I want to learn it.
Thanks in advance.
  • #31,644
  • Jul 29, 2011 6:38am Jul 29, 2011 6:38am
No I didn't open a short in USD/CAD, I think VennD did. The only position I opened and closed was the Eur/Aud I had overnight. VennD is the better scalper, I'm not much of a scalper.

Quoting hbkarakas
Dear OMGtrader,could you please share your experience on "opening sell position on USD/CAD @ the top you did shortly ago".

after what/which signal do you open it?

I also opened it too, but not as high as yours. I want to learn it.
Thanks in advance.
Trade what you see, not what you think!
  • #31,645
  • Jul 29, 2011 6:39am Jul 29, 2011 6:39am
Quoting OMGtrader
No I didn't open a short in USD/CAD, I think VennD did. The only position I opened and closed was the Eur/Aud I had overnight. VennD is the better scalper, I'm not much of a scalper.
Ooop sorry VennD could you answer pls
  • #31,646
  • Jul 29, 2011 6:58am Jul 29, 2011 6:58am
NZD/USD

too busy not paying attention... Bounce off 200ema, divergence on CCI, trendline suppport, and oversold RSI... Boooo, I don't think I'm awake yet...
Attached Image (click to enlarge)
Click to Enlarge Name: nzd.jpg Size: 100 KB
Trade what you see, not what you think!
  • #31,647
  • Jul 29, 2011 7:13am Jul 29, 2011 7:13am
Quoting audangel
Hi Vennd, from ur charts I found out u always can sell at nearly the top and buy at nearly the bottom. How can u get the price so actuate?
Because Im smarter than you .... juz kidding ...Learn Candlesticks reading

Some ppl say .... trading using naked chart ... while naked..
  • #31,648
  • Jul 29, 2011 7:14am Jul 29, 2011 7:14am
Thank you mate
I'll search for some books.
  • #31,649
  • Edited 7:20am Jul 29, 2011 7:18am | Edited 7:20am
Quoting hbkarakas
VennD where do you place your SL at the first moments of your positions around tops or dips? 10 pips high/low?
Probability of precise entry are mostly 99% by understanding the meaning of candlesticks / patterns.... 5-10 candlesticks prior to the actions.

If u insist using SL , previous bar + risk (how many pips).
  • #31,650
  • Jul 29, 2011 7:19am Jul 29, 2011 7:19am
Definitely, candlesticks & patterns are very important.


Quoting VennD
Probability of precise entry are mostly 99% by understanding the meaning of candlesticks / patterns.... 5-10 candlesticks prior to the actions.
Trade what you see, not what you think!
  • #31,651
  • Jul 29, 2011 7:25am Jul 29, 2011 7:25am
Is there any book or topics here for candlestick patterns you can suggest? Could you share any web adress etc if it's not hard work for you..
  • #31,652
  • Jul 29, 2011 7:26am Jul 29, 2011 7:26am
US equities trying to carve out bottom. We'll see. Risk on back on the table if the S&P can close with a bullish candlestick.
Attached Image
Trade what you see, not what you think!
  • #31,653
  • Jul 29, 2011 7:27am Jul 29, 2011 7:27am
Quoting hbkarakas
Ooop sorry VennD could you answer pls
tomorrow ...
  • #31,654
  • Jul 29, 2011 7:28am Jul 29, 2011 7:28am
I would consider "Japanese Candlestick Charting Techniques" by Steve Nison, for starters into candlesticks.

Quoting hbkarakas
Is there any book or topics here for candlestick patterns you can suggest? Could you share any web adress etc if it's not hard work for you..
Trade what you see, not what you think!
  • #31,655
  • Edited 8:31am Jul 29, 2011 8:19am | Edited 8:31am
It can just knock its head on that panel and fall back again... However .. if it can sit on it ...comfortably ... breathing .. with a cup of Australian Tea ... it will proceed to the next panel.

attached : AU 1h & 4h tfs
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: au4h_06.gif Size: 41 KB
  • #31,656
  • Jul 29, 2011 8:47am Jul 29, 2011 8:47am
Quoting VennD
DownTrend
Large White Body Candle
Open=High=960
Low=Close=964

What does that mean ?
That are the signal in 5m tf ..... that there will be a reversal...

Initially tested every 10pips below that signals , all knock out at BE+1. When I received info that there're many kinds of stops around 930 , tested it there.. finally those tested near 920-910 wasn't knock out . Correct place... why wait ? .... 100 lots and closed 99% of them... the rest .... leave it there as..... it is AU Banana....
  • #31,657
  • Edited 9:16am Jul 29, 2011 9:13am | Edited 9:16am
Proffessor Forex Theory
----------------------

If it sits above fib 100% , it will proceed to fib 127.2% / fib 161.8% ,

and if it is rejected at any fib 100 and below ..... probably .... Bear's Dream would be fullfilled in future.
Attached Image (click to enlarge)
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  • #31,658
  • Jul 29, 2011 9:21am Jul 29, 2011 9:21am
Out of 5 data , only 1 favouring USD.
  • #31,659
  • Jul 29, 2011 1:17pm Jul 29, 2011 1:17pm
Quoting VennD
It can just knock its head on that panel and fall back again... However .. if it can sit on it ...comfortably ... breathing .. with a cup of Australian Tea ... it will proceed to the next panel.

attached : AU 1h & 4h tfs
Support now resistance.

Check the break out, the test support and the now test as resistance area on the hourly...
Attached Image (click to enlarge)
Click to Enlarge Name: supau.jpg Size: 77 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #31,660
  • Jul 29, 2011 1:50pm Jul 29, 2011 1:50pm
hmm
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