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  • #8,981
  • Sep 5, 2012 9:25am Sep 5, 2012 9:25am
Look for decent support at 10101. Bottom of weekly MAC channel. Don't know why it works, but it works.
Attached Image (click to enlarge)
Click to Enlarge Name: mac channel aud.gif Size: 32 KB
  • #8,982
  • Sep 5, 2012 9:32am Sep 5, 2012 9:32am
it's M5 time...another "fandango"
  • #8,983
  • Sep 5, 2012 9:32am Sep 5, 2012 9:32am
Quoting Daytrader74
Yes sorry BOSS, as I said it was a mistake, I forgot to change the lot size before I pressed the SELL button
Sorry I just had another look at your statement, the 7.85% was yesterdays drawdown today is only 0.33%, which would mean you are trading a very large account.

And like you just said you forgot to change it from a 10 lot which suggests you have been trading 10 lots, which again implies you are trading a very large account.

I am now thinking you are a bit of a dark house and this is just pin money you are trading
Some people say I'm lucky, but the more I practice the luckier I get
  • #8,984
  • Sep 5, 2012 9:35am Sep 5, 2012 9:35am
Quoting Robot Trader
Sorry I just had another look at your statement, the 7.85% was yesterdays drawdown today is only 0.33%, which would mean you are trading a very large account.

And like you just said you forgot to change it from a 10 lot which suggests you have been trading 10 lots, which again implies you are trading a very large account.

I am now thinking you are a bit of a dark house and this is just pin money you are trading
hence I thought he was kidding when he said that he couldn't pay his electricity bill and had to use candles for the lights
  • #8,985
  • Sep 5, 2012 9:37am Sep 5, 2012 9:37am
Quoting Robot Trader
Sorry I just had another look at your statement, the 7.85% was yesterdays drawdown today is only 0.33%, which would mean you are trading a very large account.

And like you just said you forgot to change it from a 10 lot which suggests you have been trading 10 lots, which again implies you are trading a very large account.

I am now thinking you are a bit of a dark house and this is just pin money you are trading
Its don't matter none to me Robot. My only concern is my account.
  • #8,986
  • Sep 5, 2012 9:42am Sep 5, 2012 9:42am
Quoting Robot Trader
Sorry I just had another look at your statement, the 7.85% was yesterdays drawdown today is only 0.33%, which would mean you are trading a very large account.

And like you just said you forgot to change it from a 10 lot which suggests you have been trading 10 lots, which again implies you are trading a very large account.

I am now thinking you are a bit of a dark house and this is just pin money you are trading
  • #8,987
  • Sep 5, 2012 9:42am Sep 5, 2012 9:42am
Quoting chiknthief
Look for decent support at 10101. Bottom of weekly MAC channel. Don't know why it works, but it works.
I'm not sure what will trigger the end of this down move, so I am just going to sit back and enjoy the swaps. There is an up trend line at about 0.9780, but I see a good bounce off parity before then.
Some people say I'm lucky, but the more I practice the luckier I get
  • #8,988
  • Sep 5, 2012 9:42am Sep 5, 2012 9:42am
H4 MAC channel and middle bollinger containing the rallies. Looks like a rally to the 10230's would be a good selling point.
Attached Image (click to enlarge)
Click to Enlarge Name: mac channel h4.gif Size: 23 KB
  • #8,989
  • Sep 5, 2012 9:55am Sep 5, 2012 9:55am
Quoting chiknthief
H4 MAC channel and middle bollinger containing the rallies. Looks like a rally to the 10230's would be a good selling point.
Daily pivot is at 1.0233. Your point may be good for now. If that happens, the Aussie would break the DTL since Sunday. IMO, after breaking 1.0222, she will pass 1.0233 and move to 1.0288.
daddybearforex. com
  • #8,990
  • Sep 5, 2012 10:00am Sep 5, 2012 10:00am
Quoting DaddyBear
Daily pivot is at 1.0233. Your point may be good for now. If that happens, the Aussie would break the DTL since Sunday. IMO, after breaking 1.0222, she will pass 1.0233 and move to 1.0288.

Top of the MAC stands at 10268. A close above would put the H4 PA in the bull zone.
  • #8,991
  • Sep 5, 2012 10:04am Sep 5, 2012 10:04am
Now that PA broke and held below the 61.8 Fib, I see the 50 at around 1.01 and then the 38.2 just below parity, I will be adding to my longs at both these levels should they be reached.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd h4 fib chart 05 09 12.jpg Size: 184 KB
Some people say I'm lucky, but the more I practice the luckier I get
  • #8,992
  • Sep 5, 2012 10:04am Sep 5, 2012 10:04am
Quoting Robot Trader
I'm not sure what will trigger the end of this down move, so I am just going to sit back and enjoy the swaps. There is an up trend line at about 0.9780, but I see a good bounce off parity before then.
H1 and H4 keeps making new downward targets (re-crosses of level 50). This reminds me of the drop we had in May. I expected some good bounce in the 1.0150 area, but by the way that it looks right now, I might be expecting something that wasn't supposed to be expected

Attached Image


reds = achieved
  • #8,993
  • Sep 5, 2012 10:10am Sep 5, 2012 10:10am
Quoting irfandbl
H1 and H4 keeps making new downward targets (re-crosses of level 50). This reminds me of the drop we had in May. I expected some good bounce in the 1.0150 area, but by the way that it looks right now, I might be expecting something that wasn't supposed to be expected

Attachment

reds = achieved
I will look at May in the morning and see how strong the Bullish divergence was at that time.

Cheers and good night all
Some people say I'm lucky, but the more I practice the luckier I get
  • #8,994
  • Sep 5, 2012 10:12am Sep 5, 2012 10:12am
Quoting chiknthief
Top of the MAC stands at 10268. A close above would put the H4 PA in the bull zone.
This is my reading of M15 ADX. Currently, ADX is at its narrowest range with a bullish bias. When it expand shortly, we will see some action.
daddybearforex. com
  • #8,995
  • Sep 5, 2012 10:15am Sep 5, 2012 10:15am
Quoting DaddyBear
This is my reading of M15 ADX. Currently, ADX is at its narrowest range with a bullish bias. When it expand shortly, we will see some action.
In other words, it is in a winding mode now and it has to be unwinding to release the pressure built up earlier. IMO
daddybearforex. com
  • #8,996
  • Sep 5, 2012 10:18am Sep 5, 2012 10:18am
Quoting DaddyBear
This is my reading of M15 ADX. Currently, ADX is at its narrowest range with a bullish bias. When it expand shortly, we will see some action.
The golden rule is weekly/daily charts. Whats the ADX saying on the bigger time frame ?
  • #8,997
  • Sep 5, 2012 10:22am Sep 5, 2012 10:22am
Quoting DaddyBear
In other words, it is in a winding mode now and it has to be unwinding to release the pressure built up earlier. IMO
what's up Papa, still busy with the other project?
  • #8,998
  • Sep 5, 2012 10:24am Sep 5, 2012 10:24am
Quoting chiknthief
The golden rule is weekly/daily charts. Whats the ADX saying on the bigger time frame ?
Start with your monthly charts. What does it tell you? Then the weekly - what is it saying? Then daily - whats the PA there? Then move on down to the shorter term TF's and see what it is doing in relation to the bigger picture. Just trading a 15m chart alone would drive a normal person insane.
  • #8,999
  • Sep 5, 2012 10:26am Sep 5, 2012 10:26am
Quoting chiknthief
The golden rule is weekly/daily charts. Whats the ADX saying on the bigger time frame ?
Because daily is lagging behind, H4 must be brought in for consultation. daily ADX showing bearish energy is dwindling or has been reaching its extreme. H4 ADX indicates a short term bottom has been set during last candle.
daddybearforex. com
  • #9,000
  • Sep 5, 2012 10:28am Sep 5, 2012 10:28am
Quoting irfandbl
what's up Papa, still busy with the other project?
I have to get three projects going this week. May not be able to be in our forum most of the time. Please watch any troublemakers' messages fro me. Thanks. Papa
daddybearforex. com
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