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AUD/USD

  • #63,021
  • Aug 27, 2013 4:57pm Aug 27, 2013 4:57pm
Quoting Gwan
aaaah, another big move without any news out.....
Massive... this is a special pair
  • #63,022
  • Aug 27, 2013 4:57pm Aug 27, 2013 4:57pm
Quoting tony95
I guess it is impossible to go long AUS. My account is screwed. Technically was very good setup, but I guess the banks won't allow it.
Sorry to hear about that. Where did you enter long?
  • #63,023
  • Aug 27, 2013 4:58pm Aug 27, 2013 4:58pm
Quoting tony95
I guess it is impossible to go long AUS. My account is screwed. Technically was very good setup, but I guess the banks won't allow it.
or is this the AUS government? Someone explain
  • #63,024
  • Aug 27, 2013 4:58pm Aug 27, 2013 4:58pm
Quoting Malik taxila
{quote} AUS_Sep : is Future
What broker/platform are you trading futures with?
  • #63,025
  • Aug 27, 2013 5:10pm Aug 27, 2013 5:10pm

  1. Australian dollar sold off hard
    From forexlive.com
    http://www.forexfactory.com/resources/images/icons/newsstory-quote.png
    As noted earlier, selling from Japanese names initially, and further selling is continuing to drive it lower. Stops below 0.8930

  • #63,026
  • Aug 27, 2013 5:11pm Aug 27, 2013 5:11pm
Short at .8948 TP .8913
  • #63,027
  • Aug 27, 2013 5:13pm Aug 27, 2013 5:13pm
Quoting tony95
Short at .8948 TP .8913
Stopped out 8958
  • #63,028
  • Aug 27, 2013 5:19pm Aug 27, 2013 5:19pm
Quoting tony95
I guess it is impossible to go long AUS. My account is screwed. Technically was very good setup, but I guess the banks won't allow it.
hello??? I´ve been only longing this pair these last 2 months, and with high profit!!!
your problem is one:
entering on position with huge leverage!!!

ahhh...and after you saying that you change your bias to short??? forget all you learned about trading, and start from the begginning, with low leverage...there´s no other way!
  • #63,029
  • Aug 27, 2013 5:23pm Aug 27, 2013 5:23pm
this moves on audusd specialy on asia session, are becoming repetitive...once we are oversold on higher TF, this is perfectly normal to happen, these kind of mooves are the perfect trigger for big boys jump on the trade, longing it, buying the dips!!!

ps: this time I didn´t catched it, I was distracted and did my calculations wrongly..but I´ve been catching some mooves like this on this pair..
  • #63,030
  • Aug 27, 2013 5:24pm Aug 27, 2013 5:24pm
Quoting tony95
I guess it is impossible to go long AUS. My account is screwed. Technically was very good setup, but I guess the banks won't allow it.
Only use 10% of your account to trade and you won't get screwed as fast.................
The More You Learn, The More You Earn.....
  • #63,031
  • Aug 27, 2013 5:27pm Aug 27, 2013 5:27pm
Double top formation on EURAUD, looking to enter short in the next few hours.
  • #63,032
  • Aug 27, 2013 5:30pm Aug 27, 2013 5:30pm
Quoting forexalien
{quote} Only use 10% of your account to trade and you won't get screwed as fast.................

I am not over leveraged, I have just been trying to get long for two days. I can't tell you how many failed trades. A lot were bad setups, but some were not, but it hasn't seemed to matter.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-08-27_2003.png Size: 160 KB
  • #63,033
  • Aug 27, 2013 5:36pm Aug 27, 2013 5:36pm
Quoting tony95
{quote} I am not over leveraged, I have just been trying to get long for two days. I can't tell you how many failed trades. A lot were bad setups, but some were not, but it hasn't seemed to matter. {image}
you were not overleveraged??? what concept is that??? so why did you close your long? fear of being stop loss with margin call? how much leverage did you use on your open position?and how much leverage holds your account?

hope you have those concepts pretty clear and know the answer to the questions...without that, you might be gambling, not trading..don´t take me wrong, I´m telling this for your own sake!! take care
  • #63,034
  • Aug 27, 2013 5:45pm Aug 27, 2013 5:45pm
Quoting xandi
{quote} you are not overleveraged??? what concept is that??? so why did you close your long? fear of being stop loss with margin call? how much leverage did you use on your open position?and how much leverage holds your account? hope you have those concepts pretty clear and know the answer to the questions...without that, you are gambling, not trading..I´m telling this for your own sake!! take care

Sorry, I am more worried about why my winning percent is so low right now. Leverage is a simpler issue and is a distraction to even discuss it. I have been trying to get long the last 3 nights and I have only executed 1 of 20 trades successfully. Finally thought I had my head on straight and we could get long. I am sure many agreed and the banks or big accounts or whoever, decided to wash out the longs. No matter, will keep trying even though I have lost everything I made this month.
  • #63,035
  • Aug 27, 2013 6:07pm Aug 27, 2013 6:07pm
Quoting tony95
{quote} I am not over leveraged, I have just been trying to get long for two days. I can't tell you how many failed trades. A lot were bad setups, but some were not, but it hasn't seemed to matter. {image}
As Xandi said above, if you are not over leveraged , and you are Long why keep getting out..................?

Over trading will kill your account first.............

These are only Micro's on a $1200 account, But if you trade small enough, you don't over margin and 4 micro's is almost a 1/2 of a mini and I stop at 10 -12 micro's and wait for the bank to ring in and presto ! you make 50 -60 pips on 10 micro's and you now just made $60 on a $1200 account, that's about 5% in a few days to a week. No sweating it , ulcers and you don't have to sit in front of the computer. I have other Larger accounts , but I am using this one for an example for you........

Even today not being here Alien made $26 on this account.........When you get your system perfected , you can do no wrong..................

In 10 weeks you have made 50% on your account, 20 weeks is 100% and so on.........

Alien is always off building Space Station and UFO's with his time..............

The Aussie is predictable also, take a 8,3,3 stochastic and wait for it to fail. Normally she does 1,2 moves and reverses, and then 1,2 moves and reverses again. I marked all the 1,2 then fails (reversed) on the chart. each little bump on the 8,3,3 is a sing it's going the other direction.

Chatter box Alien is done talking for now.................
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 8_27_13 aud H1 1 2 fail 1 2 fail.JPG Size: 419 KB
Click to Enlarge Name: 8_27_13 Alien Report final.JPG Size: 76 KB
The More You Learn, The More You Earn.....
  • #63,036
  • Aug 27, 2013 6:12pm Aug 27, 2013 6:12pm
Quoting tony95
{quote} Sorry, I am more worried about why my winning percent is so low right now. Leverage is a simpler issue and is a distraction to even discuss it. I have been trying to get long the last 3 nights and I have only executed 1 of 20 trades successfully. Finally thought I had my head on straight and we could get long. I am sure many agreed and the banks or big accounts or whoever, decided to wash out the longs. No matter, will keep trying even though I have lost everything I made this month.
looking at your last post , you are only using 10 pip stop loss and that is Too tight, 50 - 60 pips or 100 pips would be better and then walk away and don't even look at your trade for a day................
The More You Learn, The More You Earn.....
  • #63,037
  • Aug 27, 2013 6:17pm Aug 27, 2013 6:17pm
Quoting forexalien
{quote} As Xandi said above, if you are not over leveraged , and you are Long why keep getting out..................? Over trading will kill your account first............. These are only Micro's on a $1200 account, But if you trade small enough, you don't over margin and 4 micro's is almost a 1/2 of a mini and I stop at 10 -12 micro's and wait for the bank to ring in and presto ! you make 50 -60 pips on 10 micro's and you now just made $60 on a $1200 account, that's about 5% in a few days to a week. No sweating it , ulcers and you don't have to...

Thanks for the tips. I know I am over trading, I will try to get that under control. My account is small and my trades have been small. How is it possible to only get 1 trade in 20? Statistically seems that is should be very difficult. I am trying to get my R/R to about 1:3. I am trying to use trendlines and pitchforks to frame my trades. I think I am having some bad luck and compounding it by getting frustrated and making more mistakes. Right now I can't get a handle on where the AUS is going. Seems like Pip has been on the right track, down down down.
  • #63,038
  • Aug 27, 2013 6:21pm Aug 27, 2013 6:21pm
Quoting forexalien
{quote} looking at your last post , you are only using 10 pip stop loss and that is Too tight, 50 - 60 pips or 100 pips would be better and then walk away and don't even look at your trade for a day................

I like to get a 10 pip stop, but it is difficult. I think That trade was about 18 pips on the stop. I am trying to get 3 to 1 risk reward. If I use 50 pips then I gotta get a 150 pip trade.
  • #63,039
  • Aug 27, 2013 6:22pm Aug 27, 2013 6:22pm
Quoting tony95
{quote} Thanks for the tips. I know I am over trading, I will try to get that under control. My account is small and my trades have been small. How is it possible to only get 1 trade in 20? Statistically seems that is should be very difficult. I am trying to get my R/R to about 1:3. I am trying to use trendlines and pitchforks to frame my trades. I think I am having some bad luck and compounding it by getting frustrated and making more mistakes. Right now I can't get a handle on where the AUS is going. Seems like Pip has been on the right track,...
Use a 21,10,10 stochastic, if it's going up, you Long and buy the bottoms, if it's going down , you short it and sell the tops. if it's flat don't trade . use this on a M15 or larger chart. 100 pip SL or manually get out if you don't like what you see..................lose the 10 pip SL your killing yourself..............
The More You Learn, The More You Earn.....
  • #63,040
  • Aug 27, 2013 6:27pm Aug 27, 2013 6:27pm
Quoting xandi
{quote} hello??? I´ve been only longing this pair these last 2 months, and with high profit!!! your problem is one: entering on position with huge leverage!!! ahhh...and after you saying that you change your bias to short??? forget all you learned about trading, and start from the begginning, with low leverage...there´s no other way!
your profit would be MUCH higher if you kept shorting the pair
As Above, So Below
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