give 1 and get 100
- #42,385
- Mar 28, 2012 5:54pm Mar 28, 2012 5:54pm
- | Joined Feb 2010 | Status: Trader | 1,085 Posts
The recent 200pip short an failure to break the low makes me wonder.
IMO: 600+, here we go!
After: parachutes needed!
Use me as a contrarian indicator
- #42,386
- Mar 28, 2012 5:59pm Mar 28, 2012 5:59pm
short SL's... and last time I didn't short AU I was just calling for shorts because retailers were getting short at the start of the week. However they went short and price rose...and now retailers are heavy long again hence the selloff. The bias for the week is bearish because in most cases the first move of the week sets the tone, unless some big news comes out and changes bias.
I never short AU I short correlated assets with small swap.
Well ive been shorting and longing this pair since all week, 1st long was at 380-532= 152 pips (which started last week), 2 shorts around the same area 544 and 530 closed at 425=224 pips i lost 5 pips on an attempt to bounce from 420 an now im long since 382, 10 or so pips an counting, (might pull out soon) so thats 371 pips excluding my current trade. 40 pips or so up since the long began an counting
Doing ok 4 a person who been learning since january.Im trying not to rely on a single direction so i can try an get the pivots an reversals happening. If you been only buying the aud, yourve missed out on roughly 500 pips on the shorts! Surely u wouldnt have minded that?
- #42,387
- Mar 28, 2012 6:12pm Mar 28, 2012 6:12pm
- Joined Apr 2009 | Status: Non-Member | 4,719 Posts
Well ive been shorting and longing this pair since all week, 1st long was at 380-532= 152 pips (which started last week), 2 shorts around the same area 544 and 530 closed at 425=224 pips i lost 5 pips on an attempt to bounce from 420 an now im long since 382, 10 or so pips an counting, (might pull out soon) so thats 371 pips excluding my current trade. 40 pips or so up since the long began an counting
Im trying not to rely on a single direction so i can try an get the pivots an reversals...
Show me 6 months consistent AU returns shorting/longing and I will applaud you.
- #42,391
- Mar 28, 2012 6:27pm Mar 28, 2012 6:27pm
I know there are a lot of "chartist" chlking up their fib levels for short positions, but if the CHINA PMI was 50 or above, your charts would mislead you . China issue is driving this pair down, also Swiss and Japan, not wanting to have their currency currently used a s reserve $$$, so what is left?...Yes USD... USD is benefiting against the AUD because of the FUNDAMENTALS from China, Swiss, and Japan.... and it also helps when GOLD is trending down. The FOREX GODs run this town, not charts. 
100 Pips per day can keep the bosses away. 
- #42,393
- Mar 28, 2012 7:06pm Mar 28, 2012 7:06pm
- Joined Apr 2009 | Status: Non-Member | 4,719 Posts
Thanks yeah short term traders an long term traders are 2 different styles. Will deffinitly try an improve an show u a 6 month return (if i last that long) hehe
Just stick with conservative MM, if you are winning 100's of pips that's great... look up the XLS file that shows what you can do in 6 months returning just 1% a day.
- #42,394
- Mar 28, 2012 7:29pm Mar 28, 2012 7:29pm
You better last, don't tell me your a loser
Just stick with conservative MM, if you are winning 100's of pips that's great... look up the XLS file that shows what you can do in 6 months returning just 1% a day.
To Your Success!!
- #42,400
- Mar 28, 2012 8:48pm Mar 28, 2012 8:48pm
Here we go again, another short:
Shorted @ 1.0387, SL 1.0427, Tp 1.0320
Lets see what happens when/if we get to 1.0340, could struggle to get through that level.
If 1.0340 breaks, the 1.0320 target should be hit.
Expect the unexpected.