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AUD/USD

  • #37,361
  • Dec 8, 2011 9:55pm Dec 8, 2011 9:55pm
well, you at least made pips :-)

if the euro fails (which i think it will), you got 3000+ pips to win over the next 12 months!

dont give up... sell on rallies :-)

Quoting happytrader
u guys are so much better... i've made ONLY 8 PIPS PROFIT! this week...

it' been like this for weeks!!!! 20 pips profit or a 100 pips loss a week is crap! from now on i'm gonna STICK TO MY FIRST TP. NO MORE CUTTING PROFIT. i'm beginning to find this a waste of my time...
  • #37,362
  • Dec 8, 2011 9:59pm Dec 8, 2011 9:59pm
i bet in the next two minutes the minute candle will go south; just to tempt you to go short and then; it will pop 20 pips north!
  • #37,363
  • Dec 8, 2011 10:02pm Dec 8, 2011 10:02pm
i am trying a swing trade, to hold my small position from 1.024 till january, hopefully to 0.97 then, just to learn more patience
  • #37,364
  • Dec 8, 2011 10:06pm Dec 8, 2011 10:06pm
we may have a pop with the euro news; however, if you dont get stopped out; that would be great (dont have to pay taxes on profit until april 2012 :-))

Quoting torkay77
i am trying a swing trade, to hold my small position from 1.024 till january, hopefully to 0.97 then, just to learn more patience
  • #37,365
  • Dec 8, 2011 10:11pm Dec 8, 2011 10:11pm
Sold @ 1.0115 after the first 30M support-breaching candle. I take whatever I get after 30M, about 15 pip or so, because I'm not sure about the 1.0100. I think key players are still waiting for the smoke to clear up before making their move =)
The tone of your words reflects the quality and result of your trading ;-)
  • #37,366
  • Dec 8, 2011 10:15pm Dec 8, 2011 10:15pm
long at 0130 - very short stop :-)

maybe a little too short of stop! - was taken out with a few pips profit... wish i went long at the top of the hours - would have been up 30 pips.
  • #37,367
  • Dec 8, 2011 10:17pm Dec 8, 2011 10:17pm
sarkozy talking...
eur rallying
looks like he said something positive
  • #37,368
  • Dec 8, 2011 10:22pm Dec 8, 2011 10:22pm
crazy....
  • #37,369
  • Dec 8, 2011 10:26pm Dec 8, 2011 10:26pm
yes it is a crazy night
  • #37,370
  • Dec 8, 2011 10:28pm Dec 8, 2011 10:28pm
Quoting ragnakore
sarkozy talking...
eur rallying
looks like he said something positive
People are still on HOPIUM... trying to trick themselves into thinking that Euro can be saved.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #37,371
  • Dec 8, 2011 10:32pm Dec 8, 2011 10:32pm
draghi says "more to be decided in coming days..."

so the game isn't over yet it seems. like an old batman show, come back next week..same bat time, same bat channel. lol
  • #37,372
  • Edited 10:51pm Dec 8, 2011 10:34pm | Edited 10:51pm
Quote
Draghi @ecb_europa_eu - statement upon departure: "very good outcome for the Euroarea" http://t.co/iqOz27yz #euco

Quote
.@euhvr: "We agreed a new fiscal compact, a new Eur. strong fiscal rule to be transposed by MS into their constitution or equivalent" #euco

Quote
.@euhvr on PSI "we have made a major change to our doctrine: from now on we will strictly adhere to the IMF principles & practices" #euco
positive outlook

Quote
VAN ROMPUY says inter-govt approach taken instead of outright treaty change to speed up approval, implementation

Quote
EU's Van Rompuy: Confirms the EU will raise up to €200B for IMF loan; EU member states will transpose fiscal rules in national law #euro
Quote
VAN ROMPUY: The issuance of Euro bonds will be discussed again in June, hopefully in "calmer waters"


make your conclusion what they mean...
http://video.consilium.europa.eu/web...=775-980-10542
  • #37,373
  • Dec 8, 2011 10:37pm Dec 8, 2011 10:37pm
Quoting happytrader
u guys are so much better... i've made ONLY 8 PIPS PROFIT! this week...

it' been like this for weeks!!!! 20 pips profit or a 100 pips loss a week is crap! from now on i'm gonna STICK TO MY FIRST TP. NO MORE CUTTING PROFIT. i'm beginning to find this a waste of my time...
First of all, I believe you are trading against the trend or on market ranging, I believe I've told you in EU thread that trade follow the trend and you can gain 50pip ++ on every trade.

eg. You see the market trend in Bear, place a Sell, market goes againt you 70pip - 100 pip, place another sell, try this. So when market reach the first sell entry you entered wrongly, you are already profit 70++ and if market goes even deeper, you may hold both of your position or just remain the highest.

Ive been doing this for a while and I dont really need to worry much, just you need to know the trend which using DAILY chart. PM me and I can help you out with some indi's

Thanks
Trade what you see. Write what you feel
  • #37,374
  • Dec 8, 2011 10:39pm Dec 8, 2011 10:39pm
meaning = "please, please, dont short the euro; our socialism still can work!"

Quoting ragnakore
positive outlook






make your conclusion what they mean...
  • #37,375
  • Dec 8, 2011 10:46pm Dec 8, 2011 10:46pm
Quoting e_piz
First of all, I believe you are trading against the trend or on market ranging, I believe I've told you in EU thread that trade follow the trend and you can gain 50pip ++ on every trade.

eg. You see the market trend in Bear, place a Sell, market goes againt you 70pip - 100 pip, place another sell, try this. So when market reach the first sell entry you entered wrongly, you are already profit 70++ and if market goes even deeper, you may hold both of your position or just remain the highest.

Ive been doing this for a while and I dont really need...
Thanks buddy, I actually follow the trend. My problem lies on my habit of cutting profit all too early, making my net profit very little or not worth my time at all.

My usual sl is around 10 -15 pips, profit taken is around 10 pips... all in all, this is a silly RR.

I just need to FORCE myself to stick to my PT but my fear and emotions are overwhelming.

I SWEAR THIS IS GOING TO BE THE LAST TIME. I will follow my rules STRICTLY FROM NOW ON!!!!!!! awwww!
  • #37,376
  • Dec 8, 2011 10:50pm Dec 8, 2011 10:50pm
Quoting mpurdy1973
meaning = "please, please, dont short the euro; our socialism still can work!"
HOPIUM is driving the market hopeful

im wondering if I should cash in my shorts or let it run further to take out 1.0100...

they are sugarcoating their words so much so, its sounding very beautiful and sweet.

so far, what I understand is "we need more time"...."we will do it later".
  • #37,377
  • Dec 8, 2011 10:50pm Dec 8, 2011 10:50pm
Quoting happytrader
Thanks buddy, I actually follow the trend. My problem lies on my habit of cutting profit all too early, making my net profit very little or not worth my time at all.

My usual sl is around 10 -15 pips, profit taken is around 10 pips... all in all, this is a silly RR.

I just need to FORCE myself to stick to my PT but my fear and emotions are overwhelming.

I SWEAR THIS IS GOING TO BE THE LAST TIME. I will follow my rules STRICTLY FROM NOW ON!!!!!!! awwww!
i have a suggestion to you, try to trade longer-term with small amount, you will have less pressure.
  • #37,378
  • Dec 8, 2011 10:56pm Dec 8, 2011 10:56pm
Quoting Yuchen
i have a suggestion to you, try to trade longer-term with small amount, you will have less pressure.
Correct, I believe this is the case. He's trading like if market goes against him he will blow the account.

Try this,
Scenario 1: You trade 10 lot = 10usd per pip, 20 pip profit you fleee. = 200usd

Scenario 2 : If you trade 2 lot = 2usd per pip, you can have it run 50pip and you dont need to worry a damn thing. = 100usd

Ill go with scenario 2, I can sleep better. just need to repeat it 10, 20 times and u see how big your account is.
Trade what you see. Write what you feel
  • #37,379
  • Dec 8, 2011 10:59pm Dec 8, 2011 10:59pm
As for now, market is showing a reversal, I just place a short @ 1.0135, target TP till gap close or when ever I feel enough..

just let it run, going for friday prayer guys.. talk on eu open.

adios~~
Trade what you see. Write what you feel
  • #37,380
  • Dec 8, 2011 11:03pm Dec 8, 2011 11:03pm
Quoting Yuchen
i have a suggestion to you, try to trade longer-term with small amount, you will have less pressure.
I agree strongly with this. it's all about money management.
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