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Attachments: AUD/USD
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AUD/USD

Quoting Daytrader74
Moving Average - a curly line that has nothing to do with the price movement if you have an open position.

Pain - exiting at loss, reversing your position on a stock and then watching it go the way you knew it would in the first place.

Position Trading - day trading that went the wrong way right after you took a position.

Pro - a guy at trading center who says nothing and keeps smiling all the time.

Scalping - losing only an eighth in one go.
more definitions:

Support: the price level where you opened a short

Resistance: the price level where you opened a long

Strong Support: the exact price level where you put your SL in a long

Strong Resistance: the exact price level where you put your SL in a short
The moment you stop growing you start shrinking.
Quoting vitalhb
more definitions:

Support: the price level where you opened a short

Resistance: the price level where you opened a long

Strong Support: the exact price level where you put your SL in a long

Strong Resistance: the exact price level where you put your SL in a short
Spread – (if a deal is profitable) sharing your wealth; (if a deal is unprofitable) a malicious market maker who rips you off.

System Trading - a phrase you employ to explain to the Apprentice how your trade did not work out the way you meant.

Technical Analysis - (traditional) a voodoo, the animal blood and chanting excluded; (Point and Figure) a really weird voodoo, the animal blood and chanting excluded.

Top - (when you have an open long position) the point on the chart where the stock price backs off fast before you get out; (when you have an open short position) the exact spot where you cover.

Trainer - the only man in the room who has never tried intraday trading in his life.

Trend Line - an imaginary line on the price chart that only changes when the market is closed or when you are not looking.

Up On The Day - what you are when the market closes, not taking into account ticket charges.

Uptick - (when you have an open long position) added hope; (when you have an open short position) a market maker, letting everyone else in; (if no positions are open) a good chance to lose some money through opening a short position.

Volume Spike - (an open position) confirmation that you are either the smartest person or the biggest idiot on Earth; (no positions are open) confirmation that you are the smartest person on the planet, but you were not paying attention.
how are everyone doing? i took an easy 25 pips and im going to sleep with a smile happy trading.
Long 0.9920, finally a long position on AUD !
Expect the unexpected.
Quoting fx-rocket
Long 0.9920, finally a long position on AUD !
How confident are you with that one? and where is your SL?
Quoting Daytrader74
How confident are you with that one? and where is your SL?
yeahh where is the SL ?
Quoting yuNn
yeahh where is the SL ?
This isn't the time for a long!
Quoting Daytrader74
This isn't the time for a long!
we still waiting for 0.9860

kiwi already broken 0.7650.. 0.7575 up next
Quoting fx-rocket
Long 0.9920, finally a long position on AUD !
Locked in 7 pips, stop @ 0.9927
Expect the unexpected.
Quoting fx-rocket
Locked in 7 pips, stop @ 0.9927
Quoting Daytrader74
This isn't the time for a long!
He he, you guys did not see that long spurt happen did you!
Expect the unexpected.
Quoting fx-rocket
He he, you guys did not see that long spurt happen did you!
No I was in toilet.....seems like always big things happen while I'm in toilet
Quoting fx-rocket
He he, you guys did not see that long spurt happen did you!
Surprised by that sudden upward move, I am short at .9911
Adding more to my AUD long at 9920, looking for US equity market and GLD to gain further strength.
I am Long AUD too....waiting to break parity 1.0
PPP - Patience Pays PIPS
Linda Raschke in the lecture in this video on technical analysis mentions that the longer a base builds, to what looks like a bull or bear flag, the greater the chance of a trend reversal.

Looks like that pattern could be forming on the daily now.

Inserted Video
pay close attention.. once again p.a is kissing the 15m 200ema .. as seen previously it has been rejected and sent back down.. wait for a candle pattern like a shooting star etc.. cross between the 5 and 6 emas.. and macd has to turn around downwards... and a short will go..
Attached Image (click to enlarge)
Click to Enlarge Name: AU set up forming.jpg Size: 288 KB
small long from 9940, SL @ 9920, TP 9995

I've already scored my 200+ pips one the last few weeks, so just playing with fire going counter long trend. lol








#176






Patterns have an underlying mathematical structure.
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