If skills could be acquired by watching, every dog would be a butcher. Turk
- #59,401
- Jun 16, 2013 11:25am Jun 16, 2013 11:25am
- Joined Apr 2011 | Status: Free Palestine.. | 1,567 Posts
- #59,402
- Jun 16, 2013 11:57am Jun 16, 2013 11:57am
- Joined Nov 2012 | Status: Trader | 13,922 Posts
The More You Learn, The More You Earn.....
- #59,403
- Jun 16, 2013 3:42pm Jun 16, 2013 3:42pm
- Joined Apr 2011 | Status: Free Palestine.. | 1,567 Posts
{quote} At these levels you can start feathering in small positions, because the world is not going away and the Aussie will always go back to parity..........
Using this word( feathering) looks smart enough to me. haha
If skills could be acquired by watching, every dog would be a butcher. Turk
- #59,404
- Jun 16, 2013 3:52pm Jun 16, 2013 3:52pm
- Joined Jan 2012 | Status: Loving Nature* | 3,985 Posts
- #59,408
- Jun 16, 2013 7:10pm Jun 16, 2013 7:10pm
.9572 Interesting times on the political front as rumours are mounting that the current PM Julia Gillard will be knifed by the Kevin Rudd the guy she knifed before . Yes when you trade Aussie you get a free set of steak knives now. Going into this week I sense that we will try the upside. Most of the bad news is factored in. The Mrs returns from Europe shopping and gets the tops and bottoms of the exchange rate the wrong way round so dont be long Eur/AUD. its a bull week for moi.
Anyways, im bullish have gone long on aud/usd @ 9569.6. Looking to target 150 points hopefully over the hours/few days period, the area 9660 is of some concern so going to watch the action around this price, however i hope it will just go straight through and hit my 150 target.
Good luck all, whatever your trades.
Safety First
- #59,412
- Jun 17, 2013 12:10am Jun 17, 2013 12:10am
Hey Master Bones. Thanks for your comment, good luck to you also. I have just moved my stop loss to my opening position, worried I may have done this a bit too early however I just want to turn my computer off and do something else. Trying to learn how to be relaxed on trades.
As a non-expert trader that I am, trying to not check the price every 5 minutes when I am trading over the hours/days period. LOL, its harder than it seems it should be.
(I am hoping this gets much easier, once I build my account up a bit.)
Anyways, best regards all and have a nice day.
. I have just moved my stop loss to my opening position, worried I may have done this a bit too early however I just want to turn my computer off and do something else. Trying to learn how to be relaxed on trades.As a non-expert trader that I am, trying to not check the price every 5 minutes when I am trading over the hours/days period. LOL, its harder than it seems it should be.
(I am hoping this gets much easier, once I build my account up a bit.)Anyways, best regards all and have a nice day.
Safety First
- #59,413
- Jun 17, 2013 2:43am Jun 17, 2013 2:43am
- | Joined Apr 2013 | Status: SemiPro Trader with good MM | 893 Posts
Here's my old post: http://www.forexfactory.com/showthre...42#post6755042 and my old chart:
Okay so now after around 10 hours of market opening still it's valid but a little change in gartley. We should see around .965 and then .948x is the setup for 1h chart. Now what making me afraid of is 4h chart. When I zoomed out and readjusted the channel, it shows we are still in down trend.
So it's a crucial time for AU IMO. This upward movement can act as a trap for longs. So IMO proper SL will be fine.
Okay so now after around 10 hours of market opening still it's valid but a little change in gartley. We should see around .965 and then .948x is the setup for 1h chart. Now what making me afraid of is 4h chart. When I zoomed out and readjusted the channel, it shows we are still in down trend.
So it's a crucial time for AU IMO. This upward movement can act as a trap for longs. So IMO proper SL will be fine.
- #59,416
- Jun 17, 2013 3:48am Jun 17, 2013 3:48am
- Joined Dec 2011 | Status: StealingPips | 1,294 Posts
- #59,419
- Jun 17, 2013 5:37am Jun 17, 2013 5:37am
Yes, ranging market at the mo, US waking up in a couple of hours will hopefully sort that out. I entered my long on a trend following strategy,wheres the trend gone. lol.
My super simple analysis is giving me some motivation to hold onto my trade. It looks to me as a possible pennant flag, which is a continuation pattern which would fit with the current trend line. What do you guys think? Guess time will tell us
My super simple analysis is giving me some motivation to hold onto my trade. It looks to me as a possible pennant flag, which is a continuation pattern which would fit with the current trend line. What do you guys think? Guess time will tell us
Safety First
Yes, ranging market at the mo, US waking up in a couple of hours will hopefully sort that out. I entered my long on a trend following strategy,wheres the trend gone. lol. My super simple analysis is giving me some motivation to hold onto my trade. It looks to me as a possible pennant flag, which is a continuation pattern which would fit with the current trend line. What do you guys think? Guess time will tell us
NY open in 30 min and counting....lets see what that does to either side of the channel......
The important thing is to not stop questioning Albert Einstein