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AUD/USD

  • #32,441
  • Aug 16, 2011 11:41pm Aug 16, 2011 11:41pm
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  • #32,442
  • Aug 16, 2011 11:44pm Aug 16, 2011 11:44pm
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  • #32,443
  • Aug 17, 2011 2:05am Aug 17, 2011 2:05am
Dear VennD,

As I surfed on FF Forums, there are so many strategies to use with the market. Some of them are so complicated/confusing some of them not.

As you may remember, I started my first posts in this topic(also XAU).
And after interesting deeper than before with FX and reading the posts people wrote(also the strategies) your style seems parallel with my thoughts.
and at that point I wanted to ask you a question as a newbie;

So many people are talking about strategies and they name them SonicR., Choros System etc.

I prefer to use and develop myself on Price Actions, S&R levels, RSI, Volume,Moving Averages...

What can you say for that, cuz I'm a little bit confused which one is the right way?

I learnt that there is no one right trading style. It depends on our experience and trading phsycology and so on..?

Thanks in advance
  • #32,444
  • Edited 2:10am Aug 17, 2011 2:08am | Edited 2:10am
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  • #32,445
  • Edited 2:23am Aug 17, 2011 2:20am | Edited 2:23am
Quoting hbkarakas
Dear VennD, ...As I surfed on FF Forums, there are so many strategies to use with the market. Some of them are so complicated/confusing some of them not. As you may remember, I started my first posts in this topic(also XAU). And after interesting deeper than before with FX and reading the posts people wrote(also the strategies) your style seems parallel with my thoughts... and at that point I wanted to ask you a question as a newbie;So many people are talking about strategies and they name them SonicR., Choros System etc. I prefer to use and develop...
Sorry mate, I give u an easy answer ... I don't know ... All is up to you I think .... other forumers may want to answer your questions .
  • #32,446
  • Aug 17, 2011 2:51am Aug 17, 2011 2:51am
Only manage to pierce the Resistance ...
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  • #32,447
  • Edited 3:12am Aug 17, 2011 3:07am | Edited 3:12am
... scalp short 494 stopped out at BE+1 ... maintain scalp long at 424.

1) China is worry how US will manage its huge debts .......despite US downgraded by S&P ... maybe China is among the biggest investors in US...
  • #32,448
  • Edited 3:47am Aug 17, 2011 3:39am | Edited 3:47am
Quoting VennD
... scalp short 494 stopped out at BE+1 ... maintain scalp long at 424.
.......
... I think ... by now .... China is US's good buddy ... therefore... I reenter short @ 505 (with BE+1) / maintain Long @ 424
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  • #32,449
  • Edited 5:03am Aug 17, 2011 4:55am | Edited 5:03am
Quoting VennD
... I think ... by now .... China is US's good buddy ... therefore... I reenter short @ 505 (with BE+1) / maintain Long @ 424
scalp short @ 505 stopped out @ BE+1 ...

Reenter scalp short @ 545 (with BE+1) / Maintain scalp long @ 424 ..
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  • #32,450
  • Aug 17, 2011 5:39am Aug 17, 2011 5:39am
Several US Data will be released between now and 2 more hours ..
  • #32,451
  • Aug 17, 2011 7:30am Aug 17, 2011 7:30am
Woke up to find a long triggered overnight @ 0510. TP at the next fib area near 0630. Also look to buy a dip. Good trades to all....

Regards,
  • #32,452
  • Aug 17, 2011 8:01am Aug 17, 2011 8:01am
Quoting VennD
scalp short @ 505 stopped out @ BE+1 ...

Reenter scalp short @ 545 (with BE+1) / Maintain scalp long @ 424 ..
Short @ 545 stopped out at BE+1 .....

Reenter short @ 581 , maintain Long @ 424

Should it rise again ... probably we are going to 650 / 700.
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  • #32,453
  • Aug 17, 2011 9:07am Aug 17, 2011 9:07am
Quoting VennD
Short @ 545 stopped out at BE+1 .....

Reenter short @ 581 , maintain Long @ 424

Should it rise again ... probably we are going to 650 / 700.
short position revised.... to 597
  • #32,454
  • Aug 17, 2011 9:31am Aug 17, 2011 9:31am
Quoting VennD
short position revised.... to 597
I so believe this pair is going down to new lows but nailing that turn is difficult.
Please can you confirm that I am getting you corectly. You are currently long from way below and raking in the pips and you are using the possible short to find the turn. Is that correct?

Olu
If you think you can or cannot do it you are correct
  • #32,455
  • Edited 10:20am Aug 17, 2011 10:08am | Edited 10:20am
Quoting Olu
I so believe this pair is going down to new lows but nailing that turn is difficult.
Please can you confirm that I am getting you corectly. You are currently long from way below and raking in the pips and you are using the possible short to find the turn. Is that correct? Olu
So So ... and to secure the pips gain should it make a u-turn. This uprise has nothing to do with news fundies anymore . Someone is there !

Two Horns ... I don't know what that means ...
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  • #32,456
  • Aug 17, 2011 10:22am Aug 17, 2011 10:22am
Quoting FX-Petra
Would love to get long again near the 38.2 fib area of 0350. May not get that chance. Would also long again on a break , retest, and hold of 0500. Not looking to short anywhere near these levels.

Regards,
Maybe you are going to have your chance...

Regards,
Use me as a contrarian indicator
  • #32,457
  • Aug 17, 2011 10:26am Aug 17, 2011 10:26am
Quoting VennD
So So ... and to secure the pips gain should it make a u-turn. This uprise has nothing to do with news fundies anymore . Someone is there !

Two Horns ... I don't know what that means ...
short at 1.058, still keep long at 1.39 and 41
  • #32,458
  • Edited 11:01am Aug 17, 2011 10:45am | Edited 11:01am
Quoting audangel
short at 1.058, still keep long at 1.39 and 41
Very Good ! , Long time no see ... I still maintain previous short @ 1.1075 + Long @ 0.9986 Enjoy the view ...
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  • #32,459
  • Aug 17, 2011 11:07am Aug 17, 2011 11:07am
stop now at b/e

Olu
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If you think you can or cannot do it you are correct
  • #32,460
  • Aug 17, 2011 11:16am Aug 17, 2011 11:16am
Quoting VennD
Very Good ! , Long time no see ... I still maintain previous short @ 1.1075 + Long @ 0.9986 Enjoy the view ...
Hehe, you got the best price as always

Just took a break and now back to the game again
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