Attachments: AUD/JPY

AUD/JPY

#461
Oct 11, 2012 6:55am Oct 11, 2012 6:55am

4rextrader
| Joined Aug 2011 | Status: conceive and believe to achieve | 342 Posts

Quoting szpowerx

Disliked

I short it right now.

This wild animal, where are you going?

Ignored

Quoting maximinus

Disliked

I've 80.60, 80.40 and 80.20 as support. will see, how it acts at this level.
Have you some chart to post ?

Ignored

I am with you both. Shorted it at 80.68

#462
Oct 11, 2012 7:49am Oct 11, 2012 7:49am

maximinus
| Joined May 2010 | Status: Non Member | 2,751 Posts

Quoting maximinus

Disliked

I'm with you. I shorted it a bit early at 65. So I've -10 for now.

Ignored

Exit short @ 75. -10
If someone provide me a chart convincing why it's going south, I'll take it.
For now 65 support. I want a clear breach of this level, after that I'll see. For now flat.
GL

Don't be smart. Be rich.

#463
Oct 11, 2012 3:28pm Oct 11, 2012 3:28pm

szpowerx
| Joined May 2011 | Status: Trader | 462 Posts

Quoting maximinus

Disliked

I've 80.60, 80.40 and 80.20 as support. will see, how it acts at this level.
Have you some chart to post ?

Ignored

Sorry, leave a bit eariler, not saw your post.

Here is my pic.

This is the 1H chart,

- The Zone A is a score 8+ zone (Sam Seiden style)
a) Fast in fast leave
b) Stay really short
c) Leave distance more than 3:1
d) La and the bar before it makes it a fast in
This is a set and forget style entry. So i enter it and forget it.

- The Zone B is a somehow important watching area, if it goes there, i will look at it like a hawk

- The Zone C is the origin of the last couple day's up, also an important zone

Right now, my target is zone B.

Attached Image (click to enlarge)

Click to Enlarge

Name: pic1.jpg
Size: 131 KB

Outcome is not important at all, but correct technique is what only matters

#464
Oct 11, 2012 3:50pm Oct 11, 2012 3:50pm

4rextrader
| Joined Aug 2011 | Status: conceive and believe to achieve | 342 Posts

from todays good news in the market, im hoping that japans market will opening positive, driving the value of AUD down.

#465
Oct 11, 2012 11:21pm Oct 11, 2012 11:21pm

maximinus
| Joined May 2010 | Status: Non Member | 2,751 Posts

Quoting szpowerx

Disliked

Sorry, leave a bit eariler, not saw your post.

Here is my pic.

This is the 1H chart,

Ignored

Thanks. Very clear chart and make sense.

Don't be smart. Be rich.

#466
Oct 12, 2012 2:16am Oct 12, 2012 2:16am

szpowerx
| Joined May 2011 | Status: Trader | 462 Posts

AUD/USD give a big down signal, is it effective enough to push down all the AUD cross pairs?

I dont know, just keep watching.

Outcome is not important at all, but correct technique is what only matters

#467
Oct 12, 2012 4:09am Oct 12, 2012 4:09am

Patience
Joined Oct 2006 | Status: Trader | 7,219 Posts

Quoting szpowerx

Disliked

USDCAD and AUDJPY is now all free, but GBPUSD almost never move, i hate GBP.

Ignored

Don't bother trading it if you dislike it so much. I dislike it as well although it was one of the first currencies I traded. I'm sure I'm not the first to say this and I'm sure I won't be the last but it's a ball breaker. I know that my accounts became a lot healthier once I dropped it.

Nothing worth having is easy.

#468
Edited 4:50am Oct 12, 2012 4:25am | Edited 4:50am

szpowerx
| Joined May 2011 | Status: Trader | 462 Posts

Quoting Patience

Disliked

Don't bother trading it if you dislike it so much. I dislike it as well although it was one of the first currencies I traded. I'm sure I'm not the first to say this and I'm sure I won't be the last but it's a ball breaker. I know that my accounts became a lot healthier once I dropped it.

Ignored

I will love each currency when they go my direction.
I will hate each one when they don't.
Thanks for your kind hints!

And the your nick id "patience", this is really i am longing for right now. Really need it.

Outcome is not important at all, but correct technique is what only matters

#469
Oct 12, 2012 6:15am Oct 12, 2012 6:15am

Patience
Joined Oct 2006 | Status: Trader | 7,219 Posts

Quoting szpowerx

Disliked

I will love each currency when they go my direction.
I will hate each one when they don't.
Thanks for your kind hints!

And the your nick id "patience", this is really i am longing for right now. Really need it.

Ignored

Yeah, I know what you mean

I don't know if you have ever loaded your account onto one of those analysis sites (trade explorer here for example) and analysed which currencies you seem to fare better with. It can be an eye opener when you trade a lot of different currencies. At least it was for me.

Patience can be hard to master. I'm still working on it. Just make sure you don't chastise yourself too much for lack of it. Any week that ends in the green is a good week.

Nothing worth having is easy.

#470
Oct 12, 2012 8:17am Oct 12, 2012 8:17am

4rextrader
| Joined Aug 2011 | Status: conceive and believe to achieve | 342 Posts

Quoting szpowerx

Disliked

Sorry, leave a bit eariler, not saw your post.

Here is my pic.

This is the 1H chart,

- The Zone A is a score 8+ zone (Sam Seiden style)
a) Fast in fast leave
b) Stay really short
c) Leave distance more than 3:1
d) La and the bar before it makes it a fast in
This is a set and forget style entry. So i enter it and forget it.

- The Zone B is a somehow important watching area, if it goes there, i will look at it like a hawk

- The Zone C is the origin of the last couple day's up, also an important zone

Right now, my target is zone B.

Ignored

Like you, I was aiming for 80.20 areas (Zone B), congradulations! Made some good money this week. Love this pair!

#471
Oct 12, 2012 8:47am Oct 12, 2012 8:47am

maximinus
| Joined May 2010 | Status: Non Member | 2,751 Posts

Quoting szpowerx

Disliked

Sorry, leave a bit eariler, not saw your post.

Here is my pic.

This is the 1H chart,

Ignored

Thanks, that was a good call.
Nice we.

Don't be smart. Be rich.

#472
Oct 16, 2012 4:54pm Oct 16, 2012 4:54pm

forexstrah
| Joined Nov 2009 | Status: Trader | 186 Posts

I'm loving this run up. Anyone know the next resistance levels (daily or 4H)?

My charts are not too easy to work with so sorry to have to ask.

#473
Oct 17, 2012 12:34am Oct 17, 2012 12:34am

maximinus
| Joined May 2010 | Status: Non Member | 2,751 Posts

Quoting forexstrah

Disliked

I'm loving this run up. Anyone know the next resistance levels (daily or 4H)?

My charts are not too easy to work with so sorry to have to ask.

Ignored

If you played my 8h channel breakout, you have just to babysit your long until the price cross 81.50 cap, after that it's a free road untill 83.50/84.00 and 89.00 LT. Some expected a 400 pips downward, but we will have a 400 pips upward. Enjoy.
If you have some extra cash, open a weekly cadjpy chart. You have to draw 2 TL, and you have the best trade in the market for now, with an exceptional RR. Buy. Close your platform and come back to cash you money few days before christmas. You'll have the pleasure of offering very nice gifts to your relatives.
GL

Don't be smart. Be rich.

#474
Oct 17, 2012 1:24am Oct 17, 2012 1:24am

forexstrah
| Joined Nov 2009 | Status: Trader | 186 Posts

Quoting maximinus

Disliked

If you played my 8h channel breakout, you have just to babysit your long until the price cross 81.50 cap, after that it's a free road untill 83.50/84.00 and 89.00 LT. Some expected a 400 pips downward, but we will have a 400 pips upward. Enjoy.
If you have some extra cash, open a weekly cadjpy chart. You have to draw 2 TL, and you have the best trade in the market for now, with an exceptional RR. Buy. Close your platform and come back to cash you money few days before christmas. You'll have the pleasure of offering very nice gifts to your relatives.
GL...

Ignored

Thanks heaps mate. I am waiting for it to crack that area...it would be the best early Xmas pressie!

I will check out that CADJPY chart now...thanks for the tip. Are you in the CADJPY now? I am hoping you are mentioning a long...I hate to go against a good rollover and also I don't like all the yen intervention stuff.

#475
Oct 17, 2012 12:38pm Oct 17, 2012 12:38pm