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AUD/USD

  • #50,001
  • Jul 15, 2012 9:35pm Jul 15, 2012 9:35pm
pole target .94
pole lenght 900 pips
Attached Image (click to enlarge)
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Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #50,002
  • Jul 15, 2012 9:36pm Jul 15, 2012 9:36pm
Quoting bguguen
Buddy... the link i gave you suggest the range could be as big ast 1.06 vs 0.94

Now tell me at 1.02xx which side has the most opportunity to WIN in range??
the one with 400 pip Upside (for the Bulls here...) or...
the one with 800 pip Downside (for the Bears here...)

placing a Short at 1.02 gives me a fucking 1:2 Risk:Reward Ratio....
This is already Fucking Amazing.... you bet 1 and you either lose that 1 or gain 2.... take your pick....
That's true, and that is correct. the big range is 1.06 vs 0.94. Are you saying your going to hold to your positions for.. how long do you figure?
There are those who know, and there are those who don't know.
  • #50,003
  • Jul 15, 2012 9:40pm Jul 15, 2012 9:40pm
Quoting palabara
That's true, and that is correct. the big range is 1.06 vs 0.94. Are you saying your going to hold to your positions for.. how long do you figure?
Is that ABCD pattern i see waiting to complete??
like i said i can wait for things to come my way....
i was long at USDCHF last summer at 0.80, see how far it dipped, all the way down to 0.71 before it shot up to 0.92 around december... so yea i suppose im quite a long term player.....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #50,004
  • Jul 15, 2012 9:42pm Jul 15, 2012 9:42pm
Quoting palabara
When you say trading what you see its called, trading the price action, and its in my opinion the best way to trade. Instead of trying to predict whats going to happen go with what is happening, but obviously you do need enough knowledge to know not to jump on it when at the end of the ride. It takes time to learn how to do that, but enough time and experience.. All that good stuff, You are on the right track DonL.. Keep at it, eventually the market will be transparent to you.
I've been trading for about 5 years now and have taken several twists, turns, profits and failures. Started out pretty Gung Ho and lost thousands, Attended many trading seminars, Gann theory, EW counts, ABC trading, candlesticks and even looked at robots for a period! All of that had pretty equal successes so I wound up pretty much broke even after several years of trading. This past year, Took all that foundation and decided to apply it to PA trading. Using trend lines, stochastics, Macd, Fib levels and Moving averages. First year to actually be consistently positive.

BTW... Just broke out of the last hours breakout box for a short at 1.0220
  • #50,005
  • Jul 15, 2012 9:45pm Jul 15, 2012 9:45pm
Quoting DonL
I've been trading for about 5 years now and have taken several twists, turns, profits and failures. Started out pretty Gung Ho and lost thousands, Attended many trading seminars, Gann theory, EW counts, ABC trading, candlesticks and even looked at robots for a period! All of that had pretty equal successes so I wound up pretty much broke even after several years of trading. This past year, Took all that foundation and decided to apply it to PA trading. Using trend lines, stochastics, Macd, Fib levels and Moving averages. First year to actually be...
we just entered the Ichimoku cloud in M15 suggesting that we shall test the bottom of this cloud at 1.0200, currently a flat line at 1.0200, if broken and closed below, we shall visit 1.0150 for sure....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #50,006
  • Jul 15, 2012 9:47pm Jul 15, 2012 9:47pm
Quoting DonL
BTW... Just broke out of the last hours breakout box for a short at 1.0220

Roller coaster is going up now! Man, are you sure you know how to ride roller coaster?
daddybearforex. com
  • #50,007
  • Jul 15, 2012 9:51pm Jul 15, 2012 9:51pm
Quoting DaddyBear
Roller coaster goes up now! Man.
If it does, I'll close my short and take the ride!!
Just sitting here at breakeven at the moment, accounting for the 2 pips of brokerage.

Edit: closed at BE... Watching and waiting! Nothing lost, nothing gained. Still up 20 for the day.
  • #50,008
  • Jul 15, 2012 9:54pm Jul 15, 2012 9:54pm
Quoting DonL
I've been trading for about 5 years now and have taken several twists, turns, profits and failures. Started out pretty Gung Ho and lost thousands, Attended many trading seminars, Gann theory, EW counts, ABC trading, candlesticks and even looked at robots for a period! All of that had pretty equal successes so I wound up pretty much broke even after several years of trading. This past year, Took all that foundation and decided to apply it to PA trading. Using trend lines, stochastics, Macd, Fib levels and Moving averages. First year to actually be...
I know, DonL. I could tell, I went through the same route you went, minus seminars never attended seminars lol. I've been trading for over 10 years.. I've went through the same muddy road.. Eventually, I started to see that forex isn't as complicated as we make it out to be, because we constantly look for the holy grail.. Once I understood that, I simplified my ways, and started to just focus on the psychology and the price action.

Combine that with ALL the knowledge acquired over the years, you become proficient. I keep saying you do something long enough, you are bound to either get good at it, or get out from doing it.
There are those who know, and there are those who don't know.
  • #50,009
  • Jul 15, 2012 10:01pm Jul 15, 2012 10:01pm
Quoting DonL
This past year, Took all that foundation and decided to apply it to PA trading. Using trend lines, stochastics, Macd, Fib levels and Moving averages.
Seems to me, you've put too many stickers to your windshield. This was the reason you entered onto a wrong way without knowing what actually happened.
daddybearforex. com
  • #50,010
  • Jul 15, 2012 10:03pm Jul 15, 2012 10:03pm
Quoting DaddyBear
Seems to me, you've put too many stickers to your windshield. This was the reason you entered onto a wrong way without knowing what actually happened.
I think.. It's going to go down before going up..
There are those who know, and there are those who don't know.
  • #50,011
  • Jul 15, 2012 10:06pm Jul 15, 2012 10:06pm
Quoting palabara
I think.. It's going to go down before going up..
It depends on your time frame. At least I know it's going up now.
daddybearforex. com
  • #50,012
  • Jul 15, 2012 10:09pm Jul 15, 2012 10:09pm
Quoting DaddyBear
It depends on your time frame. At least I know it's going up now.
The H4 still say up.. for now.. but, I'm looking at the 1H.. which indicate down.. The bottom line will be when London opens.. which is very soon who will have more pressure the sellers or the buyers.. That's any once game.

Place your bets..
There are those who know, and there are those who don't know.
  • #50,013
  • Jul 15, 2012 10:17pm Jul 15, 2012 10:17pm
Quoting palabara
The H4 still say up.. for now.. but, I'm looking at the 1H.. which indicate down.. The bottom line will be when London opens.. which is very soon who will have more pressure the sellers or the buyers.. That's any once game.

Place your bets..
Seems to me, most people think that different TF works differently. To me, they are all the same. A smaller TF is the blow-up of a bigger TF with more details. H1 is the lagging data of M15 and so on. If you keep thinking the old school way, you will stay with those old school guys forever.
daddybearforex. com
  • #50,014
  • Jul 15, 2012 10:19pm Jul 15, 2012 10:19pm
Quoting palabara

Place your bets..
Are we in the casinos?
daddybearforex. com
  • #50,015
  • Jul 15, 2012 10:19pm Jul 15, 2012 10:19pm
Hey guys, looks pretty simple here...agreeing with DB
http://screencast.com/t/sPv6lTpy
btw....GBPAUD in some Daily tunnel and at the top of it...reversal long or some more short?
  • #50,016
  • Jul 15, 2012 10:20pm Jul 15, 2012 10:20pm
Quoting palabara
I know, DonL. I could tell,

Combine that with ALL the knowledge acquired over the years, you become proficient. I keep saying you do something long enough, you are bound to either get good at it, or get out from doing it.
LOL... I was just happy to find a way to trade that didn't initiate the adrenalin pump at the onset of pulling the trigger. Mental preparedness is just as important as managing your trade exposure and protecting your risks.

Are you trading in Oz or somewhere else?



Daddybear, Almost back to the top of Friday. Still think we are heading up from here? Not much on the calendar until London time. Would like to see a move above the 125 and friday's top to go long.
Attached Image (click to enlarge)
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  • #50,017
  • Jul 15, 2012 10:24pm Jul 15, 2012 10:24pm
Quote

Are you trading in Oz or somewhere else?
Where I am trading, I am making money.. So wherever it is. I am happy
There are those who know, and there are those who don't know.
  • #50,018
  • Jul 15, 2012 10:25pm Jul 15, 2012 10:25pm
i think its really unnecassary to explain every 1pip movement or new candle that forms...
  • #50,019
  • Jul 15, 2012 10:26pm Jul 15, 2012 10:26pm
Hmmmm S&P500 futures getting hammered now.... lets see how the trendline resistance at 1.0250 holds out?
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #50,020
  • Jul 15, 2012 10:26pm Jul 15, 2012 10:26pm
Quoting DonL
Daddybear, Almost back to the top of Friday. Still think we are heading up from here? Not much on the calendar until London time. Would like to see a move above the 125 and friday's top to go long.
Attachment
I did not say it will go all the way up. What I said was that it is roller coaster time. Nothing more and nothing less.
daddybearforex. com
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