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  • #12,401
  • Nov 7, 2012 6:42pm Nov 7, 2012 6:42pm
Quoting maximmm
UR?
Unemployment Rate
daddybearforex. com
  • #12,402
  • Nov 7, 2012 6:42pm Nov 7, 2012 6:42pm
Quoting Compulsive
modest numbers...
true enough - Again, I don't think AUD will rally more than 50 pips prior to next leg down - but the point is that NZD short is a safer bet at this point.
In fact, while Aud is moving higher, NZD is starting its next leg down.
  • #12,403
  • Nov 7, 2012 6:43pm Nov 7, 2012 6:43pm
Quoting DaddyBear
Unemployment Rate
Ah, then can I answer your question now?!^^
  • #12,404
  • Nov 7, 2012 6:45pm Nov 7, 2012 6:45pm
I thought the news will be released at 8:30 PM and went to kitchen. My long positions were closed by nobody when I was not next to my notebook. Very strange.
daddybearforex. com
  • #12,405
  • Nov 7, 2012 6:48pm Nov 7, 2012 6:48pm
The daily Pivot acts as the R now.
daddybearforex. com
  • #12,406
  • Nov 7, 2012 6:49pm Nov 7, 2012 6:49pm
Quoting DaddyBear
I thought the news will be released at 8:30 PM and went to kitchen. My long positions were closed by nobody when I was not next to my notebook. Very strange.
check when they were closed. Make a call to your broker - or try to remember if it was you who closed them^^
  • #12,407
  • Nov 7, 2012 6:51pm Nov 7, 2012 6:51pm
any hourly close on pa above 1.0427 will be a buying sign for aud/usd.

check out 50sma on hour 1,
  • #12,408
  • Nov 7, 2012 6:54pm Nov 7, 2012 6:54pm
Quoting 5percent
any hourly close on pa above 1.0427 will be a buying sign for aud/usd.

check out 50sma on hour 1,
1.0427 is the daily Pivot.
daddybearforex. com
  • #12,409
  • Nov 7, 2012 6:55pm Nov 7, 2012 6:55pm
Quoting maximmm
check when they were closed. Make a call to your broker - or try to remember if it was you who closed them^^
It was 8:31. It's o.k.
daddybearforex. com
  • #12,410
  • Nov 7, 2012 6:58pm Nov 7, 2012 6:58pm
Quoting DaddyBear
1.0427 is the daily Pivot.
The Aussie's PA is very weak. I am wondering if she can break 1.0427.
daddybearforex. com
  • #12,411
  • Nov 7, 2012 7:01pm Nov 7, 2012 7:01pm
Quoting 5percent
any hourly close on pa above 1.0427 will be a buying sign for aud/usd.

check out 50sma on hour 1,
If 1.0427 is intact, would you short it?
daddybearforex. com
  • #12,412
  • Edited 7:26pm Nov 7, 2012 7:04pm | Edited 7:26pm
Quoting DaddyBear
If 1.0427 is intact, would you short it?
no, i tripped on my buy stop before news on 1.0400, now targeting 1.0445 first. 1.0445 area is the potential target i calculated using box consolidation strength. May or may not be reach, so trailing stop is a must.

i will show a chart of how to place buy sell stop later .
  • #12,413
  • Nov 7, 2012 7:11pm Nov 7, 2012 7:11pm
Quoting 5percent
no, i tripped on my buy stop before news on 1.0400, now targeting 1.0445 first.

i will show a chart of how to place buy sell stop later .
This method can be used on any time frame it's to capture the current strength and momentum, if u can interpret the method, then good for anyone .

Don't question why, it's just a probability set up of price action on LIVE RATES no historical patterns.

It can be for ranger,scalper or long term set up, but all positions must be trailed or be upon given chance, because market moves and may return to your point or against one. Therefore, stop loss is a must!

the 2 magenta line are buy and sell stops.


there are pros scalpers that do momentum trading, and can scalp on pairs like eur/usd, gbp/usd up to few hundred pips per day using pre-defined buy sell limits on fibo or buy sell stop on candles and tl. But i don't do that, i only trade sessions/news.
Attached Image (click to enlarge)
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  • #12,414
  • Nov 7, 2012 7:14pm Nov 7, 2012 7:14pm
Quoting 5percent
no, i tripped on my buy stop before news on 1.0400, now targeting 1.0445 first.

i will show a chart of how to place buy sell stop later .
i m long too but from 1.04263
  • #12,415
  • Nov 7, 2012 7:40pm Nov 7, 2012 7:40pm
Hey Papa, I exited my Long gold position @1728
  • #12,416
  • Nov 7, 2012 7:46pm Nov 7, 2012 7:46pm
Quoting Daytrader74
Hey Papa, I exited my Long gold position @1728
good for you...now learn and dont overleverage yourself anymore....
Wooooohooooo or Boooooohooooo
  • #12,417
  • Nov 7, 2012 7:50pm Nov 7, 2012 7:50pm
Quoting gnomoneey
good for you...now learn and dont overleverage yourself anymore....
Ok, i very lucky
  • #12,418
  • Nov 7, 2012 7:50pm Nov 7, 2012 7:50pm
Quoting 5percent
This method can be used on any time frame it's to capture the current strength and momentum, if u can interpret the method, then good for anyone .

Don't question why, it's just a probability set up of price action on LIVE RATES no historical patterns.

It can be for ranger,scalper or long term set up, but all positions must be trailed or be upon given chance, because market moves and may return to your point or against one. Therefore, stop loss is a must!

the 2 magenta line are buy and sell stops.


there are pros scalpers that do momentum...
Scalping - easy come, easy go
  • #12,419
  • Nov 7, 2012 7:51pm Nov 7, 2012 7:51pm
Quoting Daytrader74
Hey Papa, I exited my Long gold position @1728
So, nothing happened?
daddybearforex. com
  • #12,420
  • Nov 7, 2012 7:54pm Nov 7, 2012 7:54pm
Quoting Brocklesnar
i m long too but from 1.04263
curiously, I'd short this, if I wasn't invested in nzd.

5percent does make a good point, use stops - especially if long AUD (I'm projecting aud move down quite a bit in the near future, so if going long on what is likely to go down, stops are essential). UNLESS you think aud will go up medium/long term - then you can build structural longs.

Given the weekly chart triangle, though - I'd be wary of doing this. It is safer to go long above 1.06. I'm quite certain 5percent will disagree with me^^
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