http://www.youtube.com/watch?v=-qR0Uke2XNI
(1.0300)
(1.0300)
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DislikedGood morning everyone. Once again, I gotta think DB for saving me from a loss, because I would have been stopped out last night. Interesting how Uncle Ben says he is going to print money until the ink runs out and it drives the price of the dollar up... Not sure I understand that one. Perhaps someone could explain that to me??? Is it safe to assume this is a short term thing?
Anyways, hope everyone is making good pips today.Ignored
DislikedAccount is at +106.72% I'm really happy I been following my rules and not making the same mistakes I made before!Ignored
Dislikedhere's what i'm seeing which is going against my long trade
1.0250 area before bounceIgnored
Dislikedlooking at this chart i'm seeing a move of +800 pips up/down...can't get a proper picture where this pair is going...Ignored
DislikedIf you believe in a move of 800-pips up or down, how about putting one each way.
Since you may get 800-pips, 1-long and 1-short at limit order after a breakout.
Tight stop loss at 30-50pips.
Or bigger stop loss at 100-pips.
800-pips to 100-pips still a fantastic 8:1 if you get it.
With 50-pips SL, you may get 16:1 !!Ignored
Dislikedi dont hedge and a little scared with it...
but it's something i should learn...
this up/down move should have fluctuations of more than 100 pips in a given week, it's kind of hard trying to hedge that movement....
if you wish send me a pm or do it here and give me a plan as we are in a price point where we go either way...
thanks,
GIgnored
DislikedI don't mean a hedge.
Just put like an OCO order for Long OR Short, see which one triggers first.
After the first order trigger, if it does hit the SL, then you may want to put in a new order to go the opposite way to the first order.
You have to come up with your own analysis for a price point, I am not that accurate to say a specific price point for you, nor would I know if it is going up/down by 800-pips or less or more. That is the risk you have to take.
For me, near every Demand Zone or Supply Zone, is when it can go any direction.
You...Ignored
DislikedAlthough I saw this TL and S/R as well but you were the one who posted it in our forum. Due to your contribution to our forum and your vision of seeing this invisible and yet very important element in the charts, I'd vouch you and give credit to you for your "discovery". -DB-Ignored
DislikedCurrent run-up since last night is a bull trap. There will be more pain for bulls to suffer ahead. IMOIgnored
DislikedAgain, thank you.
Here's another line that isn't quite so obvious. The one with the current candle bouncing off. You can see that it's previous cross turned price around.
DailyIgnored
DislikedI had this feeling too. Plus the mistake I made last night, I have yet to open another long position. However, I don't see anything on my charts except this 4H where there is some hidden divergence. Not sure if it is valid. But 4H does have a valid H&S and it seems to be looking for 1.03366 if we go down from here.Ignored
DislikedGood morning everyone. Once again, I gotta think DB for saving me from a loss, because I would have been stopped out last night. Interesting how Uncle Ben says he is going to print money until the ink runs out and it drives the price of the dollar up... Not sure I understand that one. Perhaps someone could explain that to me??? Is it safe to assume this is a short term thing?
Anyways, hope everyone is making good pips today.Ignored
DislikedNate04, Your thinking was correct if you were intended to keep the Aussie for a long time or the market was trending. During a time like current volatile market, I'd cash out at my earliest convenience when the time is mature to do so. So, the issue to you is to learn the market behaviors. Best wishes to you.Ignored