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AUD/USD

  • #46,241
  • Jun 5, 2012 1:57am Jun 5, 2012 1:57am
Quoting pt49
So let me get this right here... you are making trading decisions based on something told to you by "a trader"... 18 years ago?

Oh my freakin farkin gawd!
just an opinion from him. he also mentioned that in 10 tries, 3 trades will be confirmed lost trade.
  • #46,242
  • Jun 5, 2012 2:01am Jun 5, 2012 2:01am
Quoting pt49
So let me get this right here... you are making trading decisions based on something told to you by "a trader"... 18 years ago?

Oh my freakin farkin gawd!
I think he meant a trader for 18 years, not something he said 18 yrs ago. Either way, it's certainly nothing most of us don't already know with this risk-on/off crap the media pounds to us.
  • #46,243
  • Jun 5, 2012 2:09am Jun 5, 2012 2:09am
Quoting BergenGlobal
I think he meant a trader for 18 years, not something he said 18 yrs ago. Either way, it's certainly nothing most of us don't already know with this risk-on/off crap the media pounds to us.
he said that - dont play forex unless you are really interested in it
  • #46,244
  • Jun 5, 2012 2:10am Jun 5, 2012 2:10am
Quoting leticus
he said that - dont play forex unless you are really interested in it
this is why a lot traders become trainer instead of traders because its too risky and tiring to trade always
  • #46,245
  • Jun 5, 2012 2:10am Jun 5, 2012 2:10am
Long now - target .9875
  • #46,246
  • Jun 5, 2012 2:12am Jun 5, 2012 2:12am
Short
Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 19 KB
  • #46,247
  • Jun 5, 2012 2:16am Jun 5, 2012 2:16am
Quoting Daytrader74
Short
Yes, good thing you posted chart

cheers
  • #46,248
  • Jun 5, 2012 2:20am Jun 5, 2012 2:20am
Quoting leticus
this is why a lot traders become trainer instead of traders because its too risky and tiring to trade always
I find trading relaxing myself.
In the days of old when sailors were bold, and seldom if ever contented.
  • #46,249
  • Jun 5, 2012 2:22am Jun 5, 2012 2:22am
Quoting leticus
he said that - dont play forex unless you are really interested in it
For daytrading it makes sense. However, you can trade long term without being interested in the actual trading, so long as your interested in making money. One of the great things about trading is you can take a very hands-off approach going weeks or months without looking at your account.
  • #46,250
  • Jun 5, 2012 2:23am Jun 5, 2012 2:23am
Quoting pt49
I find trading relaxing myself.
For instance... if I'm having trouble sleeping I've got 2 options

  1. Go to the Dr for some pills.
  2. get in a drawdown, and stay up all night scalping my way out.

the first costs me money and helps me sleep, the second costs me nothing (a profit even) and puts me to sleep for 12 straight hours.

In the days of old when sailors were bold, and seldom if ever contented.
  • #46,251
  • Jun 5, 2012 2:25am Jun 5, 2012 2:25am
Quoting pt49
So let me get this right here... you are making trading decisions based on something told to you by "a trader"... 18 years ago?

Oh my freakin farkin gawd!
LOL
  • #46,252
  • Jun 5, 2012 2:25am Jun 5, 2012 2:25am
Quoting pt49
For instance... if I'm having trouble sleeping I've got 2 options

  1. Go to the Dr for some pills.
  2. get in a drawdown, and stay up all night scalping my way out.

the first costs me money and helps me sleep, the second costs me nothing (a profit even) and puts me to sleep for 12 straight hours.

I find trading better than sleeping, since I started trading I hardly sleep anymore and find sleeping to be a waste of time.
  • #46,253
  • Jun 5, 2012 2:30am Jun 5, 2012 2:30am
Quoting Daytrader74
I find trading better than sleeping, since I started trading I hardly sleep anymore and find sleeping to be a waste of time.
Try to get some sleep. It is essential to good health.
  • #46,254
  • Jun 5, 2012 2:34am Jun 5, 2012 2:34am
You gotta love these stoopid newshounds .... as soon as I thought I'd have to pull an all nighter, they publish good negative stuff that does my hedging for me!!!
In the days of old when sailors were bold, and seldom if ever contented.
  • #46,255
  • Jun 5, 2012 2:37am Jun 5, 2012 2:37am
just TP a short position from 0.9785 for 25 pips.

Hope I get recoup my 20% drawdown..
  • #46,256
  • Jun 5, 2012 2:41am Jun 5, 2012 2:41am
Quoting vanienin
just TP a short position from 0.9785 for 25 pips.

Hope I get recoup my 20% drawdown.
Dam!!!!!!!!!!!

You gotta be kidding.

Please go to babypips.com and learn the basics of trading and money management mate.
In the days of old when sailors were bold, and seldom if ever contented.
  • #46,257
  • Jun 5, 2012 2:48am Jun 5, 2012 2:48am
Quoting pt49
Dam!!!!!!!!!!!

You gotta be kidding.

Please go to babypips.com and learn the basics of trading and money management mate.
Gees...take it easy its only a 20% draw down not that bad
  • #46,258
  • Jun 5, 2012 2:50am Jun 5, 2012 2:50am
short 0.9762 sl 25 pips tp 0.9700

line isn't exact but forex isn't rocket science

Attached Image (click to enlarge)
Click to Enlarge Name: audusd_june5.JPG Size: 150 KB
  • #46,259
  • Jun 5, 2012 2:52am Jun 5, 2012 2:52am
Quoting Daytrader74
Gees...take it easy its only a 20% draw down not that bad
Mate, that's a lot to lose. Ideally it needs to be max of 2%.
  • #46,260
  • Jun 5, 2012 2:55am Jun 5, 2012 2:55am
Quoting fosking
Mate, that's a lot to lose. Ideally it needs to be max of 2%.
Yes but ideally it will never be always 2% !!
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