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AUD/USD

  • #63,041
  • Aug 27, 2013 8:32pm Aug 27, 2013 8:32pm
Quoting tashkent
{quote} your profit would be MUCH higher if you kept shorting the pair

I agree. That was my point. AUS has been faking us out with showing long but going short this week. Guess I am a sucker. Good for Xandi to profit either way. I need to take myself out to the woodshed. Now this pair is vasilating aimlessly, wtf.
  • #63,042
  • Aug 27, 2013 8:36pm Aug 27, 2013 8:36pm
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.

Hey Tony! Just commenting on your success. And I say success because we are all winning traders, we some times just have to make a small adjustment or two and that success ratio will go from 19 wins and 1 loss. To speak on the AUD trade, we had to pull back into a support level to reject off of. A candlestick needs some type of MA, Fib Level or Support/Reistance Level to reject off of to move in overall trend. AUDUSD can be a tricky one for most because how it was set it up. So you REALLY need to understand the overall strength of the "Aussie" right now and weakness of the US Dollar. And if your taking losses over and over do not be afraid to step away from the computer for a week or so to evaluate where you are and what needs to be changed.

But just take a break from the computer and set up a solid trading plan and/or rules you will be disciplined on. Start with that and see where it takes you.

Good Luck!
  • #63,043
  • Aug 27, 2013 8:40pm Aug 27, 2013 8:40pm
Quoting tony95
{quote} I agree. That was my point. AUS has been faking us out with showing long but going short this week. Guess I am a sucker. Good for Xandi to profit either way. I need to take myself out to the woodshed. Now this pair is vasilating aimlessly, wtf.
no faking in the market nor manipulation. there is no small boy nor big boy. this is the truth we must accept before everything.
absolute truth is we are either right or wrong. and this must be accepted too.
there is no sucker or winner. there is one who can manage the trade and one who can't.
success is with those who are not greedy, grows slowly, do not over analyze, follow the market.
if you follow these rules, you can profit trading along with and against the trend.
As Above, So Below
  • #63,044
  • Aug 27, 2013 8:52pm Aug 27, 2013 8:52pm
Quoting forexalien
{quote} Only use 10% of your account to trade and you won't get screwed as fast.................
10% can be hell a lot of different for everyone hehe, i m using only 5%
Logics do not apply in FOREX
  • #63,045
  • Aug 27, 2013 9:01pm Aug 27, 2013 9:01pm
Enter short at 0.8955 tp at 0.894
Logics do not apply in FOREX
  • #63,046
  • Aug 27, 2013 9:29pm Aug 27, 2013 9:29pm
Quoting INvestME
{quote} Hey Tony! Just commenting on your success. And I say success because we are all winning traders, we some times just have to make a small adjustment or two and that success ratio will go from 19 wins and 1 loss. To speak on the AUD trade, we had to pull back into a support level to reject off of. A candlestick needs some type of MA, Fib Level or Support/Reistance Level to reject off of to move in overall trend. AUDUSD can be a tricky one for most because how it was set it up. So you REALLY need to understand the overall strength of the "Aussie"...

Thanks, I have been doing well for the last few months. This getting my ass kicked thing is a new development. I am not sure what is happening. Maybe my luck ran out. Maybe I lost my patients.
  • #63,047
  • Aug 27, 2013 9:48pm Aug 27, 2013 9:48pm
Price is contracting. Now that longs have been washed out I am betting we go higher.

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  • #63,048
  • Aug 27, 2013 9:51pm Aug 27, 2013 9:51pm
Quoting bskwak1124
{quote} 10% can be hell a lot of different for everyone hehe, i m using only 5%
5% is good............

Alien gets bad sometimes and uses 50%, But I also have an out when needed..................I also am in 3 or more pairs at a time, kinda like hedging but not........
Because I get the direction right the first time............
The More You Learn, The More You Earn.....
  • #63,049
  • Aug 27, 2013 9:55pm Aug 27, 2013 9:55pm
Quoting forexalien
{quote} 5% is good............ Alien gets bad sometimes and uses 50%, But I also have an out when needed..................I also am in 3 or more pairs at a time, kinda like hedging but not........ Because I get the direction right the first time............
you are supposed to risk 1-2% or less of your account on a single trade. It doesn't matter the size of the position as long as the stop protects you from losing more than 2%.
  • #63,050
  • Aug 27, 2013 10:07pm Aug 27, 2013 10:07pm
3% gives you bliss. 1-2 is when you are making big bucks.

I hate when you get an amazing setup and it starts failing on you.
All posts are my personal opinion
  • #63,051
  • Aug 27, 2013 10:11pm Aug 27, 2013 10:11pm
I was just thinking about what has been happening in the AUD and it makes some sense. The AUSSIE session they run the currency down and why wouldn't they, they are trying to stimulate there economy. In the other sessions, the other countries not concerned about stimulating the Australian economy buy some up.
  • #63,052
  • Aug 27, 2013 10:12pm Aug 27, 2013 10:12pm
Quoting Rtm
3% gives you bliss. 1-2 is when you are making big bucks. I hate when you get an amazing setup and it starts failing on you.

Amen
  • #63,053
  • Aug 27, 2013 10:20pm Aug 27, 2013 10:20pm
Quoting tony95
I was just thinking about what has been happening in the AUD and it makes some sense. The AUSSIE session they run the currency down and why wouldn't they, they are trying to stimulate there economy. In the other sessions, the other countries not concerned about stimulating the Australian economy buy some up.

that would assume whoever is running it down keeps a regular 9 to 5 schedule. (on Sydney time presumably). I somehow doubt the fluctuations we've seen over the last few days can be explained that easily. End of month is another issue. Seems every end of month the AU starts behaving oddly.
  • #63,054
  • Aug 27, 2013 10:21pm Aug 27, 2013 10:21pm
Quoting tony95
I was just thinking about what has been happening in the AUD and it makes some sense. The AUSSIE session they run the currency down and why wouldn't they, they are trying to stimulate there economy. In the other sessions, the other countries not concerned about stimulating the Australian economy buy some up.

Im loaded this on the NZD so far its just dying on me probably going to get stopped unless some miracle massive order(s) come in soon.
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All posts are my personal opinion
  • #63,055
  • Aug 27, 2013 10:24pm Aug 27, 2013 10:24pm
Quoting iNZane
{quote} that would assume whoever is running it down keeps a regular 9 to 5 schedule. (on Sydney time presumably). I somehow doubt the fluctuations we've seen over the last few days can be explained that easily. End of month is another issue. Seems every end of month the AU starts behaving oddly.

Yeah and looks like AUD is still going down. Guess it is just a dog
  • #63,056
  • Aug 27, 2013 10:39pm Aug 27, 2013 10:39pm
How those bulls holding up?
When the facts change I change my mind, what do you do sir
  • #63,057
  • Aug 27, 2013 10:43pm Aug 27, 2013 10:43pm
Quoting tony95
{quote} you are supposed to risk 1-2% or less of your account on a single trade. It doesn't matter the size of the position as long as the stop protects you from losing more than 2%.
Everyone has different riskappetites, plus depend on the trend too
Logics do not apply in FOREX
  • #63,058
  • Aug 27, 2013 10:46pm Aug 27, 2013 10:46pm
Quoting Pip Anon
How those bulls holding up?
Bulls? You mean steak? Is so good, i see 0.89 is possible target, maybe the London will push it down
Logics do not apply in FOREX
  • #63,059
  • Aug 27, 2013 10:47pm Aug 27, 2013 10:47pm
Short 0.892, tp 0.89
Logics do not apply in FOREX
  • #63,060
  • Aug 27, 2013 10:48pm Aug 27, 2013 10:48pm
Quoting bskwak1124
{quote} Bulls? You mean steak? Is so good, i see 0.89 is possible target, maybe the London will push it down
I agree. Between my yen, crude and brent, I may actually sleep before than lol. A little gold on the books, but nothing to worry about. However, I am tempted to short aussie, but maybe not
When the facts change I change my mind, what do you do sir
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