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AUD/USD

  • #41,861
  • Mar 14, 2012 10:55am Mar 14, 2012 10:55am
I think I nailed it pretty proud of it

http://www.forexfactory.com/showthre...77#post5465377
swing it!
  • #41,862
  • Edited 11:09am Mar 14, 2012 10:56am | Edited 11:09am
RustyRam:

I have been trading AUD/USD for the last four years and I just wanted to help you out a bit. Your trade direction is correct and you will win this trade.
Basically what I have seen over the last two years and now this year is a 200 pip downwards movement on a buy position occur in March.

In 2010, a 265 pip downwards movement took place on my buy position and trade shot up.
In 2011, a 245 pip downwards movement took place on my buy position and trade complete.
Now 2012, again I have a buy position at 1.0650 and I take profit at 1.07. The market again has taken a 200 pip against movement. I have no doubt the market will shoot up again and this will take place at the latest by next week. Now for your stoploss, I don't believe the market will fall further than 1.0360, so a good place to put a stop.

If there are people who are not in this trade then I would say that buy at 1.04 (if price reaches that low of course, I can't guarantee that it will so the current price 1.0440 represents an excellent buying point still), stop loss 1.0360. Take profit 1.07. You can all thank me next week.

Good luck!
  • #41,863
  • Mar 14, 2012 10:59am Mar 14, 2012 10:59am
Quoting jayjb
To each his own, I understand why most people like to trade 1 or 2 pairs. But honestly, a person like myself simply cannot do it on a regular profitable basis.
sorry my little friends,if you thinking profit only without focused and understand well first how the market works then you simply wont survive in this business,I'm guess you are still new in this business,below 2 years probably

fak with these wisefx,or whatever forex media etc

2 thing you need to know in order to success
1.Understand the correct mindset
2.Understand how the market works


GL ya
If there was easy money lying around,no one would be forcing it into your
  • #41,864
  • Mar 14, 2012 10:59am Mar 14, 2012 10:59am
Quoting FXMindset
You remind me with this picture
Thanks buddy....i have saved that picture...

I was totally like that, i have slowly changed, there are still a few things for me to change....

Hopefully on the journey, you guys will give us some valuable comments...

BTW , i am still in the trade, it just missed my stop loss by a fraction of the pip... Hopefully i learn from this.....
PPP - Patience Pays PIPS
  • #41,865
  • Mar 14, 2012 11:01am Mar 14, 2012 11:01am
Well, see u at ~495 for the showdown...

After that, bears and other plantigrads: prepare to be smashed, crushed and fagocitated.
Use me as a contrarian indicator
  • #41,866
  • Mar 14, 2012 11:05am Mar 14, 2012 11:05am
Quoting rustyram
Thanks buddy....i have saved that picture...

I was totally like that, i have slowly changed, there are still a few things for me to change....

Hopefully on the journey, you guys will give us some valuable comments...

BTW , i am still in the trade, it just missed my stop loss by a fraction of the pip... Hopefully i learn from this.....
Trading its about human ugly mindset
- cant accept the loss
- too proud with themselves
- Over confidence
- Dont want admitted his mistakes


Etc and TBH,Mr.Market especially Broker like these kind of person

Kill these beast first then fight again
If there was easy money lying around,no one would be forcing it into your
  • #41,867
  • Mar 14, 2012 11:12am Mar 14, 2012 11:12am
Quoting FXMindset
sorry my little friends,if you thinking profit only without focused and understand well first how the market works then you simply wont survive in this business,I'm guess you are still new in this business,below 2 years probably

fak with these wisefx,or whatever forex media etc

2 thing you need to know in order to success
1.Understand the correct mindset
2.Understand how the market works


GL ya
http://d24w6bsrhbeh9d.cloudfront.net...26_700b_v1.jpg

Surely there is not only 1 way to profit from the markets. Much like in reality, some people choose to venture out and start their own business while others go for a degree and work in a company.
  • #41,868
  • Mar 14, 2012 11:13am Mar 14, 2012 11:13am
Quoting rustyram
Thanks buddy....i have saved that picture...

I was totally like that, i have slowly changed, there are still a few things for me to change....

Hopefully on the journey, you guys will give us some valuable comments...

BTW , i am still in the trade, it just missed my stop loss by a fraction of the pip... Hopefully i learn from this.....
I am out, i need a break...bye guys....Good luck.....
PPP - Patience Pays PIPS
  • #41,869
  • Mar 14, 2012 11:16am Mar 14, 2012 11:16am
Quoting jayjb
http://d24w6bsrhbeh9d.cloudfront.net...26_700b_v1.jpg

Surely there is not only 1 way to profit from the markets. Much like in reality, some people choose to venture out and start their own business while others go for a degree and work in a company.
there is saying if you cant handle $100 then how can you handle $1000 ? as the same with trading
good luck btw
If there was easy money lying around,no one would be forcing it into your
  • #41,870
  • Edited 11:18am Mar 14, 2012 11:18am | Edited 11:18am
I guess all the bulls are sausage links. When will the BIG money decide to make bear rugs?
100 Pips per day can keep the bosses away.
  • #41,871
  • Mar 14, 2012 11:42am Mar 14, 2012 11:42am
Quoting FXMindset
there is saying if you cant handle $100 then how can you handle $1000 ? as the same with trading
good luck btw
That doesn't make sense but nonetheless, thank you
  • #41,872
  • Mar 14, 2012 11:48am Mar 14, 2012 11:48am
I know one person that will not thank you next week...

Quoting MuslimFX
RustyRam:

I have been trading AUD/USD for the last four years and I just wanted to help you out a bit. Your trade direction is correct and you will win this trade.
Basically what I have seen over the last two years and now this year is a 200 pip downwards movement on a buy position occur in March.

In 2010, a 265 pip downwards movement took place on my buy position and trade shot up.
In 2011, a 245 pip downwards movement took place on my buy position and trade complete.
Now 2012, again I have a buy position at 1.0650 and I take profit at...
Patience is magic
  • #41,873
  • Mar 14, 2012 12:11pm Mar 14, 2012 12:11pm
Quoting jayjb
That doesn't make sense but nonetheless, thank you
What is being said is as follows.

Trading is psychological as well. If one cant cope with a small trade risk you definitely cant cope with a big trade...

Olu
If you think you can or cannot do it you are correct
  • #41,874
  • Mar 14, 2012 1:04pm Mar 14, 2012 1:04pm
Long at 436

Come bears, catch me if u can!
Use me as a contrarian indicator
  • #41,875
  • Mar 14, 2012 1:13pm Mar 14, 2012 1:13pm
Quoting mrbandwidth
Long at 436

Come bears, catch me if u can!

I pray that you are right!!!
100 Pips per day can keep the bosses away.
  • #41,876
  • Mar 14, 2012 1:21pm Mar 14, 2012 1:21pm
Quoting mrbandwidth
Long at 436

Come bears, catch me if u can!

Added another long @ 440 as well.

Regards,
  • #41,877
  • Mar 14, 2012 1:37pm Mar 14, 2012 1:37pm
Quoting rustyram
Thanks buddy....i have saved that picture...

I was totally like that, i have slowly changed, there are still a few things for me to change....

Hopefully on the journey, you guys will give us some valuable comments...

BTW , i am still in the trade, it just missed my stop loss by a fraction of the pip... Hopefully i learn from this.....
mate what's your stop loss set at?
  • #41,878
  • Mar 14, 2012 2:23pm Mar 14, 2012 2:23pm
Late call but long @ 1.0440
  • #41,879
  • Mar 14, 2012 2:49pm Mar 14, 2012 2:49pm
To any of you guys/gals who are good with charting, do you see any potential for the price to start going back up towords 1.0900? If so, how long are you predicting? ..
100 Pips per day can keep the bosses away.
  • #41,880
  • Mar 14, 2012 3:27pm Mar 14, 2012 3:27pm
This is just my personal opinion but i dont think we are going to see a break of 1.08 untill mid next month. AUD has been hit hard with alot of fundamentals and USD looks like its trying to put up a fight against most currencies. Also given china had a major pullback in production an cant afford as much imports, it might take a few weeks for china to create a plan so it can start buying the AUD again. Both AUD an NZD have been hit hard by chinas slowing of growth. But hey ive only been in forex since mid jan 2012, so i will learn from my mistakes, and have much more to learn.
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