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AUD/USD

  • #41,481
  • Mar 6, 2012 8:00pm Mar 6, 2012 8:00pm
Quoting sachinkumar
Please some one reply i am on short aud usd at 1.0535 with target 1.0500 is it ok ? because it show now its going up

shorted @ 1.0539
sl @ 1.0549
tp @ 1.0500

yes it does look like bears are dead. i don't give a f..king shit now. 3rd trade of the day.

  • #41,482
  • Mar 6, 2012 8:04pm Mar 6, 2012 8:04pm
Quoting sachinkumar
Please some one reply i am on short aud usd at 1.0535 with target 1.0500 is it ok ? because it show now its going up
You will make your t/p..why? simply because I am long ..
100 Pips per day can keep the bosses away.
  • #41,483
  • Mar 6, 2012 8:28pm Mar 6, 2012 8:28pm
I am just waiting to see what it does at the 10544 level, it has consolidated around this level, maybe will bounce off lower
  • #41,484
  • Mar 6, 2012 8:34pm Mar 6, 2012 8:34pm
Quoting happytrader
shorted @ 1.0539
sl @ 1.0549
tp @ 1.0500

yes it does look like bears are dead. i don't give a f..king shit now. 3rd trade of the day.

out -10 pips, so far already -22 today. this weeks' total loss is 92 pips. i'm getting pro at making losses.
  • #41,485
  • Mar 6, 2012 8:35pm Mar 6, 2012 8:35pm
Just trade opposite what you are thinking and you've got it made. =)
  • #41,486
  • Mar 6, 2012 8:41pm Mar 6, 2012 8:41pm
Quoting mattheweston
Just trade opposite what you are thinking and you've got it made. =)
haha, easier said than done. i'm kind numb to my losses now.... just a little more losses, and i'll give up this F.king forex trading and find a day job again.
  • #41,487
  • Mar 6, 2012 8:42pm Mar 6, 2012 8:42pm
DAMN that spike down earlier killed my profits. I was up +25 when it started to hit the fan and only ended up +2.
  • #41,488
  • Mar 6, 2012 8:45pm Mar 6, 2012 8:45pm
Quoting ForexRyan
DAMN that spike down earlier killed my profits. I was up +25 when it started to hit the fan and only ended up +2.

I got out at BE
  • #41,489
  • Mar 6, 2012 8:52pm Mar 6, 2012 8:52pm
Honestly I wasn't at my computer and forgot I had still had the trade on. It happens I guess.
  • #41,490
  • Mar 6, 2012 9:20pm Mar 6, 2012 9:20pm
Quoting ForexRyan
Honestly I wasn't at my computer and forgot I had still had the trade on. It happens I guess.
lol I fell asleep.

but anyway, seems like AU has retraced 75% of that news drop and possibily form a hammer?
  • #41,491
  • Mar 6, 2012 9:21pm Mar 6, 2012 9:21pm
Quoting ForexRyan
DAMN that spike down earlier killed my profits. I was up +25 when it started to hit the fan and only ended up +2.
Same here. Stupid GDP and stupid jumpy market!! I had a really nice setup and it was making pips nicely and the market has to kill it.

Good thing you at least ended up in the green. I went from green to red!
Make your losses in demo. Earn your profits live.
  • #41,492
  • Mar 6, 2012 9:25pm Mar 6, 2012 9:25pm
Anybody here still short to 1.04 level?
waiting for it to come down for a long time ~
Simple is powerful all the time.
  • #41,493
  • Mar 6, 2012 9:44pm Mar 6, 2012 9:44pm
Quoting happytrader
haha, easier said than done. i'm kind numb to my losses now.... just a little more losses, and i'll give up this F.king forex trading and find a day job again.
You should just get a day job, do part time trading, the way i see you trade, you're too eager to be profitable long term.

It's barely halfway through asian and you're already 3 trades in, besides your SLs are too small. Plus you're trading s/r on short timeframe which are irrelevant on big TFs. The only advice that I can give you now is to trade big TFs not 5min 15min.
  • #41,494
  • Mar 6, 2012 9:46pm Mar 6, 2012 9:46pm
Quoting RiverTrader
Anybody here still short to 1.04 level?
waiting for it to come down for a long time ~
i'm still short but in red, chee bai.
  • #41,495
  • Mar 6, 2012 9:47pm Mar 6, 2012 9:47pm
Good Observation Jayb


Quoting jayjb
You should just get a day job, do part time trading, the way i see you trade, you're too eager to be profitable long term.

It's barely halfway through asian and you're already 3 trades in, besides your SLs are too small. Plus you're trading s/r on short timeframe which are irrelevant on big TFs. The only advice that I can give you now is to trade big TFs not 5min 15min.
  • #41,496
  • Mar 6, 2012 9:48pm Mar 6, 2012 9:48pm
I'm building a long position from 1.0547. Had two more lots pending at 503, unfortunately it didn't quite reach.

Quoting happytrader
haha, easier said than done. i'm kind numb to my losses now.... just a little more losses, and i'll give up this F.king forex trading and find a day job again.
Are you seriously doing this full time? From what I have read from you over the last couple of weeks, you definitely aren't ready to go full time! Your trading needs some serious work man

EDIT: I see jayjb shares my sentiments above!
  • #41,497
  • Mar 6, 2012 9:54pm Mar 6, 2012 9:54pm
My previous long got screwed .

I guess AUD is headed to either 1.0470 or even 1.0400
200 day MA for daily is at 1.0400.

1.0470 is .38% retracement of the daily wave 3 to form wave 4.

EUR has another 170 PIPS space to go down to test 1.2970 area.
AUD can go 160 pips down to 1.0400

So i am guessing more likely AUD will head to 1.0400

Where i would like to go long with target 1.1100
If the price reaches lower than 1.0370, i would change bias to downtrend.
As the price would enter wave 1 of daily, which is no no.

I am currently short at 1.0550 with TP at 1.0470 and 1.0400
PPP - Patience Pays PIPS
  • #41,498
  • Mar 6, 2012 10:04pm Mar 6, 2012 10:04pm
Quoting jayjb
You should just get a day job, do part time trading, the way i see you trade, you're too eager to be profitable long term.

It's barely halfway through asian and you're already 3 trades in, besides your SLs are too small. Plus you're trading s/r on short timeframe which are irrelevant on big TFs. The only advice that I can give you now is to trade big TFs not 5min 15min.
yea.. i've been sending out my CV since the start of last week. perhaps i'm too anxious and too impatient to recover my previous losses.

time to take things slow...

perhaps one day, in a year's time i will be profitable again...
  • #41,499
  • Mar 6, 2012 10:05pm Mar 6, 2012 10:05pm
Quoting happytrader
shorted @ 1.0539
sl @ 1.0549
tp @ 1.0500

yes it does look like bears are dead. i don't give a f..king shit now. 3rd trade of the day.

Dont worry happy trader , you will figure it out...

You are correct about the trend, just that you have to time your entry.
even that can be off, provided you put your SL at correct spot. you should have put your stop loss at 1.0580, atleast 10 pips above the last high.

Now price will go to your target, dont get frustated.
you got Trend, Entry , TP all correct, only Stop loss was wrong....so be happy....just like your name....
PPP - Patience Pays PIPS
  • #41,500
  • Mar 6, 2012 10:09pm Mar 6, 2012 10:09pm
Quoting happytrader
haha, easier said than done. i'm kind numb to my losses now.... just a little more losses, and i'll give up this F.king forex trading and find a day job again.
That's the best decision mate..Only a few (maybe only G.Soros) can live from full time trading..the only one making money full time from forex trading only :
- Forex "Guru" who teach,sell strategy for money & Forex Broker who suck our money....The rest maybe got some profit for 1 or 2 years or even 5 years then lose it again..Even Gann is known die bankrupt..Much better doing this with free money & for leisure NOT with the only money & want to be rich..
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