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AUD/USD

  • #59,961
  • Jul 2, 2013 6:24pm Jul 2, 2013 6:24pm
something big is coming. it will be fun.
As Above, So Below
  • #59,962
  • Jul 2, 2013 6:45pm Jul 2, 2013 6:45pm
Quoting OMGtrader
{quote} This is common retail practice.
Can you explain "common retail practice". I don't understand.
Because there are many longs ??
wut??
When the Joker is in the deck.. fear not and play it well
  • #59,963
  • Jul 2, 2013 8:08pm Jul 2, 2013 8:08pm
Quoting tashkent
something big is coming. it will be fun.

just much of the usual. Aussie down.
Trade what you see, not what you think!
  • #59,964
  • Jul 2, 2013 8:24pm Jul 2, 2013 8:24pm
if AU always ran as usual
, distress,
many broker who bankrupt,,ha,ha
just kidding
if there is something you should keep secret,simply just save it,, so, just
  • #59,965
  • Jul 2, 2013 8:46pm Jul 2, 2013 8:46pm
Quoting OMGtrader
{quote} just much of the usual. Aussie down.
will this this touch stop loss clusters? let's see
As Above, So Below
  • #59,966
  • Jul 2, 2013 10:02pm Jul 2, 2013 10:02pm
AUS : I am still with Long .................... my new Position 9098 BUY and now 9055 Buy
Total my 6 Position are Open and I hope they all will Gain some Green Pips
  • #59,967
  • Jul 2, 2013 10:06pm Jul 2, 2013 10:06pm
selling scalps only.
  • #59,968
  • Jul 2, 2013 10:20pm Jul 2, 2013 10:20pm
Quoting Malik taxila
AUS : I am still with Long .................... my new Position 9098 BUY and now 9055 Buy Total my 6 Position are Open and I hope they all will Gain some Green Pips

I hope you have risk management in mind.I closed my longs with a loss 3 times already on this pair and on each time I was wrong.
I did recover trading other pairs and frankly you are in serious dangerous position.Should the price drop further your new drawdown will become that much bigger.
I just don't understand why your attitude (carnival like) is not in sink with reality unless you are in denial.
Don't get me wrong I wish you the best but perplexed on your attitude.
In trading, you have to be defensive and aggressive at the same time
  • #59,969
  • Jul 2, 2013 10:24pm Jul 2, 2013 10:24pm
Quoting Davit
{quote} I hope you have risk management in mind.I closed my longs with a loss 3 times already on this pair and on each time I was wrong. I did recover trading other pairs and frankly you are in serious dangerous position.Should the price drop further your new drawdown will become that much bigger. I just don't understand why your attitude (carnival like) is not in sink with reality unless you are in denial. Don't get me wrong I wish you the best but perplexed on your attitude.
Listen to Davit, he is a very smart man!
  • #59,970
  • Jul 2, 2013 10:31pm Jul 2, 2013 10:31pm
Quoting Davit
{quote} I hope you have risk management in mind.I closed my longs with a loss 3 times already on this pair and on each time I was wrong. I did recover trading other pairs and frankly you are in serious dangerous position.Should the price drop further your new drawdown will become that much bigger. I just don't understand why your attitude (carnival like) is not in sink with reality unless you are in denial. Don't get me wrong I wish you the best but perplexed on your attitude.
We can easily be looking at the 8800 handle on this pair in the near term. Very possible considering the fundamental aspects of the Aussie.

The question is what is the max pain one can handle. Doesn't look like there is an acceptance of loss. With you all the LUCK in the world.
Trade what you see, not what you think!
  • #59,971
  • Jul 2, 2013 10:38pm Jul 2, 2013 10:38pm
Quoting OMGtrader
{quote} We can easily be looking at the 8800 handle on this pair in the near term. Very possible considering the fundamental aspects of the Aussie. The question is what is the max pain one can handle. Doesn't look like there is an acceptance of loss. With you all the LUCK in the world.

I agree price can get 88 or lower if they cut the rate further which is big possibility.As long as Japan keeps devaluating the Yen I see Aussie and Kiwi following suit to keep the parity.
One can manage loss or drawdown however it locks the funds which could otherwise be in use trading other pairs so in essence one can escape taking a loss however one can also become crippled since all the funds are locked in.
Suppose the down trend lasts a year is one prepared to seat all year funds paralyzed?
Each his her own.I rather have free funds to attack new opportunities.
In trading, you have to be defensive and aggressive at the same time
  • #59,972
  • Jul 2, 2013 10:48pm Jul 2, 2013 10:48pm
touchdown
Attached Image (click to enlarge)
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How to Win at Sports Betting: DON'T DO IT!
  • #59,973
  • Jul 2, 2013 11:00pm Jul 2, 2013 11:00pm
Quoting Davit
{quote} I agree price can get 88 or lower if they cut the rate further which is big possibility.As long as Japan keeps devaluating the Yen I see Aussie and Kiwi following suit to keep the parity. One can manage loss or drawdown however it locks the funds which could otherwise be in use trading other pairs so in essence one can escape taking a loss however one can also become crippled since all the funds are locked in. Suppose the down trend lasts a year is one prepared to seat all year funds paralyzed? Each his her own.I rather have free funds to...

Holding these trades for a year is easy when you use a small lot size and adding trades as it declines you increase your margin to be able to take on those other opportunities.

I've done that many times, although, I don't profit huge amounts, but, I do gain over 100 pips each time. Only time and building up my balance will allow me those larger lots and higher profits.
  • #59,974
  • Jul 2, 2013 11:07pm Jul 2, 2013 11:07pm
Quoting Mozzy
{quote} Holding these trades for a year is easy when you use a small lot size and adding trades as it declines you increase your margin to be able to take on those other opportunities. I've done that many times, although, I don't profit huge amounts, but, I do gain over 100 pips each time. Only time and building up my balance will allow me those larger lots and higher profits.
There is a fine balance.
If you spend 30+hrs a week staring at the charts and make say 10c an hour then you can make more money by flipping in a burger joint.
Question everyone should ask is "how much my time is worth"
Sure one can hold trades for 1-2 years but if that only brings less then your phone bill then you are wasting time.
Goal should be learning to trade like a pro not deteriorate and become passive onlooker.
regards
In trading, you have to be defensive and aggressive at the same time
  • #59,975
  • Jul 2, 2013 11:11pm Jul 2, 2013 11:11pm
Quoting Mozzy
{quote} Holding these trades for a year is easy when you use a small lot size and adding trades as it declines you increase your margin to be able to take on those other opportunities. I've done that many times, although, I don't profit huge amounts, but, I do gain over 100 pips each time. Only time and building up my balance will allow me those larger lots and higher profits.
In all honesty, if you are that long term out, forex is not for investing. You are way better off in stocks.
Trade what you see, not what you think!
  • #59,976
  • Jul 2, 2013 11:32pm Jul 2, 2013 11:32pm
You have to start somewhere.

I opened an account with $1000. Lost it down to $17 due to not paying attention and making mistakes.

Today the account sits at $164 after just one week. I personally think that is a pretty good gain (% wise).

On the other hand I have an account with $295k and currently a trade on this pair from 9092 and a lot of 50. No, not .50, 50.00. I'll be holding this to 8780 or further.

Yes, I understand a lot of people are afraid to give figures, but, I really don't care so much as I know my funds are safe and nobody knows who my broker is.

Edit* I'd like to add to those that advise this isn't a good idea, Do you really think you're going to make a million dollars in 6mths? Do you have the equity to open large lot trades to get this kind of profit?
I don't work and I would have to say after only one year trading experience, I do alright.
  • #59,977
  • Jul 2, 2013 11:59pm Jul 2, 2013 11:59pm
Quoting Davit
{quote} I hope you have risk management in mind.I closed my longs with a loss 3 times already on this pair and on each time I was wrong. I did recover trading other pairs and frankly you are in serious dangerous position.Should the price drop further your new drawdown will become that much bigger. I just don't understand why your attitude (carnival like) is not in sink with reality unless you are in denial. Don't get me wrong I wish you the best but perplexed on your attitude.

Davit : Nice man But i think AUS : will Go up and my all trade will show green pips But now my Mind asking me to Think about my Trade B cz Aus Fall in Love Buy on DIP is better .................. Thanks 4 ur Best wishes
  • #59,978
  • Jul 3, 2013 12:46am Jul 3, 2013 12:46am
AUD/USD Buy at 0.9030, Target: 0.9230, Stop: 0.8970
  • #59,979
  • Jul 3, 2013 1:09am Jul 3, 2013 1:09am
Quoting OMGtrader
{quote} In all honesty, if you are that long term out, forex is not for investing. You are way better off in stocks.
Based on what? I disagree. Forex can be very lucrative long term as long as the rules remain the same. By rules I mean regulation. I only agree in that stock market regulations are less likely to change than forex market regulations. I personally believe that forex can be more profitable long term, but that doesn't mean a stock trader cannot outperform a currency trader. For one thing, it depends on what stocks the trader purchases. Same goes for forex trader and which pairs he speculates on. Reason I believe forex can be more profitable is due to higher leverages (in most cases), more market hours, and lower costs (again in most cases). These allow a trader to compound at a greater and more frequent rate.
  • #59,980
  • Jul 3, 2013 1:17am Jul 3, 2013 1:17am
Quoting 2+2=4ex
{quote} Based on what? I disagree. Forex can be very lucrative long term as long as the rules remain the same. By rules I mean regulation. I only agree in that stock market regulations are less likely to change than forex market regulations. I personally believe that forex can be more profitable long term, but that doesn't mean a stock trader cannot outperform a currency trader. For one thing, it depends on what stocks the trader purchases. Same goes for forex trader and which pairs he speculates on. Reason I believe forex can be more profitable...
I strongly agree with u....
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