- #42,144
- Mar 21, 2012 5:54am Mar 21, 2012 5:54am
- | Joined Feb 2010 | Status: Trader | 1,085 Posts
Use me as a contrarian indicator 
- #42,145
- Mar 21, 2012 6:00am Mar 21, 2012 6:00am
- | Joined Feb 2010 | Status: Trader | 1,085 Posts
Use me as a contrarian indicator
- #42,146
- Mar 21, 2012 6:01am Mar 21, 2012 6:01am
- Joined Mar 2008 | Status: Cointegrated Member | 621 Posts
For anyone that has used the Gann High-low activator, it is very accurate. Now, weekly aussie is below it, portending a big move down from these levels. USD very bullish as its breaking above kumo cloud, I use sigtrader to analyze the spot USD index which shows the real FX market not futures which can diverge from spot:
Skype: heliosphan187
- #42,149
- Mar 21, 2012 6:45am Mar 21, 2012 6:45am
lead the market's direction by days to sometimes weeks. Notice how even though the S&P500 , DOW and Nasdaq keep grinding higher yet the AUD, NZD, and CAD are all "hanging over" along with their USD cross. Also look at the inverse relationships....ie.... EUR/AUD , GBP/AUD , AUD/JPY etc.....
Lots of opportunity for PiP snatching out there.
Happy Trading!
Lots of opportunity for PiP snatching out there.
Happy Trading!
It's the simple things in life that have the most powerful meaning.
- #42,150
- Mar 21, 2012 6:52am Mar 21, 2012 6:52am
- Joined Mar 2008 | Status: Cointegrated Member | 621 Posts
Very true I've been trying to focus my trading on the aussie recently so this forces you to track commods more than say a eur/usd trader may need to.
Do you track futures at all? I'm using a Broco trader demo to see all kinds of markets: bond futures, gold crossed with currencies other than USD, currency futures, hard/soft commods you name it. Too bad i've heard so many bad things about live trading through them, so i just stick to demo.
Do you track futures at all? I'm using a Broco trader demo to see all kinds of markets: bond futures, gold crossed with currencies other than USD, currency futures, hard/soft commods you name it. Too bad i've heard so many bad things about live trading through them, so i just stick to demo.
lead the market's direction by days to sometimes weeks. Notice how even though the S&P500 , DOW and Nasdaq keep grinding higher yet the AUD, NZD, and CAD are all "hanging over" along with their USD cross. Also look at the inverse relationships....ie.... EUR/AUD , GBP/AUD , AUD/JPY etc.....
Lots of opportunity for PiP snatching out there.
Happy Trading!
Skype: heliosphan187
- #42,153
- Mar 21, 2012 8:17am Mar 21, 2012 8:17am
TRADE INITIATED (March 21 2012 - Wednesday)
AUD/USD (Bias LONG) - The pair has retraced so I bought 2 lots at 1.0435x. 50 pips SL for each lots and 0.25% risk for each lot. TP as follows: 50, 150 Pips. Reward/Risk ratio about 2:1. All stops moved to breakeven at 50 pips. Total portfolio risk 0.5%.
100 Pips per day can keep the bosses away.
