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AUD/USD

  • #47,841
  • Jun 26, 2012 11:44am Jun 26, 2012 11:44am
audusd was great for scalping today........it just went up and down up from 0015 to 0050 and back the whole day
  • #47,842
  • Jun 26, 2012 11:51am Jun 26, 2012 11:51am
Quoting Nacho
audusd was great for scalping today........it just went up and down up from 0015 to 0050 and back the whole day
Yup, great for us gridders
  • #47,843
  • Jun 26, 2012 4:16pm Jun 26, 2012 4:16pm
Quoting Nacho
audusd was great for scalping today........it just went up and down up from 0015 to 0050 and back the whole day
We call that humping
100 Pips per day can keep the bosses away.
  • #47,844
  • Edited 9:24pm Jun 26, 2012 5:17pm | Edited 9:24pm
Free salmon sashimi, beer and honey at the pub during happy hours.
100% Guaxxxxxed
Attached Image (click to enlarge)
Click to Enlarge Name: HOTEL BEAR.JPG Size: 62 KB
daddybearforex. com
  • #47,845
  • Jun 26, 2012 6:15pm Jun 26, 2012 6:15pm
G'day!

Firstly i am newbie and learning the ropes. I have been watching this post daily for the last month or so and i am really enjoying seeing everyone's different views of the market. These different views are teaching me a lot and also helping challenge or validate my own views. I am currently trading a demo as I learn the in's and out's while doing my research. Made some money, lost some money, making all the normal mistakes.

What I am finding most difficult with this pair is a) trying to play the game while at work b) finding the correct entry point whilst having the issues associated with point a and the general market voliatility.

If you want to be successful at trading in general and/or trading this pair is it really something you can do on the side? To me it seems like a full time commitment. I see a lot of potential and my personality is more suited I believe to the short term or daily trades however getting the balance right is providing difficult.

Is it possible to be successful whilst working in another job?

PS. very much enjoy everyones posts and DaddyBear's cartoons. Keep em coming.
  • #47,846
  • Jun 26, 2012 6:42pm Jun 26, 2012 6:42pm
Quoting Mac Truck
G'day!

Firstly i am newbie and learning the ropes. I have been watching this post daily for the last month or so and i am really enjoying seeing everyone's different views of the market. These different views are teaching me a lot and also helping challenge or validate my own views. I am currently trading a demo as I learn the in's and out's while doing my research. Made some money, lost some money, making all the normal mistakes.

What I am finding most difficult with this pair is a) trying to play the game while at work b) finding the correct...
Welcome Mac!

I'd like to provide some personal experience for your reference.

 

  1. Find a good ECN broker and prepare to pay the commissions and fees.
  2. Study technical analysis. Buy books not DVDs.
  3. Find a pair suitable for you to trade during your available time. Don't try to jump around among different pairs. I recommend Aussie and Euro to start with.
  4. Prepare to lose money. Don't back off when losing money but fight it out.
  5. Trade on your own judgements not others' opinions.
  6. Try to control your fear and greed through trading.
  7. And more......

-IMHO- DB

daddybearforex. com
  • #47,847
  • Jun 27, 2012 12:26am Jun 27, 2012 12:26am
I'm short 1.0060. There seems to be alot of resistance around 65/80 area.
1st target 1.0013. 2nd TP 0.9836 just above the 61.8% fib of the last swing.
Stops above high @ 1.0087...

Now waiting so slow last couple of days 2moro will be crazy volatility imo w/euro summit
  • #47,848
  • Jun 27, 2012 1:00am Jun 27, 2012 1:00am
Quoting Mac Truck

Is it possible to be successful whilst working in another job?
compare it to your job....how long did you take to learn how to become good at it? if you learnt it really fast...compare it to some other job you havnt done....if you learn everything really fast...well then you should be rich in no time :-)
  • #47,849
  • Jun 27, 2012 1:12am Jun 27, 2012 1:12am
Looks like volume is picking up after those German import price index numbers. I was about to fall asleep
  • #47,850
  • Jun 27, 2012 1:14am Jun 27, 2012 1:14am
I'd like to provide some personal experience for your reference.

 

  1. Find a good ECN broker and prepare to pay the commissions and fees.
  2. Study technical analysis. Buy books not DVDs.
  3. Find a pair suitable for you to trade during your available time. Don't try to jump around among different pairs. I recommend Aussie and Euro to start with.
  4. Prepare to lose money. Don't back off when losing money but fight it out.
  5. Trade on your own judgements not others' opinions.
  6. Try to control your fear and greed through trading.
  7. And more......

Thanks DaddyBear it's so true!
You can't to ride a bike trough reading a book; it require experience... Trading is the same with dedication and patience and strict discipline-Good luck to all new traders!

  • #47,851
  • Jun 27, 2012 3:39am Jun 27, 2012 3:39am
.
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  • #47,852
  • Jun 27, 2012 3:49am Jun 27, 2012 3:49am
I see you've drawn the upside but beware of a possible engulfing 1hr/4hr candle this hour. Maybe we break the rising 1hr trendline next hour
  • #47,853
  • Jun 27, 2012 4:03am Jun 27, 2012 4:03am
Quoting RBlackburn
I see you've drawn the upside but beware of a possible engulfing 1hr/4hr candle this hour. Maybe we break the rising 1hr trendline next hour
maybe, will probably need a good fundi to get rid of the bull...

that bottom white line is the last stand i could find for bulls 4h
  • #47,854
  • Jun 27, 2012 4:17am Jun 27, 2012 4:17am
Yeah i think if we can manage to somehow close below 1.0036 that could scare those bulls
  • #47,855
  • Jun 27, 2012 4:27am Jun 27, 2012 4:27am
Quoting DaddyBear
Free salmon sashimi, beer and honey at the pub during happy hours.
100% Guaxxxxxed
No salmon sashimi, beer and honey this morning!
Attached Image
daddybearforex. com
  • #47,856
  • Jun 27, 2012 4:43am Jun 27, 2012 4:43am
Quoting DaddyBear
No salmon sashimi, beer and honey this morning!
Until.......
Attached Image
daddybearforex. com
  • #47,857
  • Jun 27, 2012 4:52am Jun 27, 2012 4:52am
come on buy buy buy
  • #47,858
  • Jun 27, 2012 5:01am Jun 27, 2012 5:01am
has any one gone long here?
if so are you looking to take profit at 72?
  • #47,859
  • Jun 27, 2012 5:10am Jun 27, 2012 5:10am
Quoting jeremyyn
come on buy buy buy
buu what r u doing
  • #47,860
  • Edited 5:29am Jun 27, 2012 5:15am | Edited 5:29am
Quoting DaddyBear
Until.......
Have you ever seen the fianl moment of a candle light?
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daddybearforex. com
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