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AUD/USD

  • #63,081
  • Aug 28, 2013 12:53am Aug 28, 2013 12:53am
I often think trading is like war.
Good commander never sends his troops unknown territory all at once.1st its intelligence gathering then some scouts or light probe of defenses then correct action is taken.
That could be retreat.

Jesse Livermore only sent light orders at the beginning only later once confirmed he would unleash his "troops"
In trading, you have to be defensive and aggressive at the same time
  • #63,082
  • Aug 28, 2013 1:00am Aug 28, 2013 1:00am
Quoting Davit
{quote} How about your leverage? If high reduce please.
after resting a few years from forex, starting up with .... small account, ., you can easily lost track of your leverage with position of 0,01 - 0,1 micro lot each.

for comparison, i can't even buy cheese burger with 1 profitable trade
  • #63,083
  • Aug 28, 2013 1:02am Aug 28, 2013 1:02am
Hi


First retracement .91 +++ on the card

cheers
  • #63,084
  • Aug 28, 2013 1:06am Aug 28, 2013 1:06am
Quoting Davit
I often think trading is like war. Good commander never sends his troops unknown territory all at once.1st its intelligence gathering then some scouts or light probe of defenses then correct action is taken. That could be retreat. Jesse Livermore only sent light orders at the beginning only later once confirmed he would unleash his "troops"
Bravo!
  • #63,085
  • Aug 28, 2013 1:07am Aug 28, 2013 1:07am
yo men perfect target 89.30, close the long and I reverse the position with double size with stop 89,38...
half position i want to close 89,06 and trail to 88.50
goood luck...take care
stay short stay follish
from italy byeeeeeeeeeeeeeeeee
  • #63,086
  • Edited 1:25am Aug 28, 2013 1:11am | Edited 1:25am
Quoting Gwan
{quote} after resting a few years from forex, starting up with .... small account, ., you can easily lost track of your leverage with position of 0,01 - 0,1 micro lot each. for comparison, i can't even buy cheese burger with 1 profitable trade

Don't take this wrong way but consider working on your weak points.WE all have weaknesses but we must actively acknowledge them and try to improve.
Another thing ask yourself how much is your time worth.
If you spend 5-8hr on forex and you can't even show 5dollar profit and after 40hrs less then 10 then you are earning less then Chinese worker in crappy job.
So I would say engage with forex if its your passion but if it is not then you are underselling your time.
Either save money and have decent account size or do something else to make money.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #63,087
  • Aug 28, 2013 1:54am Aug 28, 2013 1:54am
if there is the attack to syria..oil rise and aussie fell ...
Attached Image
  • #63,088
  • Aug 28, 2013 2:04am Aug 28, 2013 2:04am
Quoting Davit
{quote} Don't take this wrong way but consider working on your weak points.WE all have weaknesses but we must actively acknowledge them and try to improve. Another thing ask yourself how much is your time worth. If you spend 5-8hr on forex and you can't even show 5dollar profit and after 40hrs less then 10 then you are earning less then Chinese worker in crappy job. So I would say engage with forex if its your passion but if it is not then you are underselling your time. Either save money and have decent account size or do something else to make...
thank you for the advice, knowing the problem, but can't solve it . by the time i think i can , that means i will dig a bigger hole to solve.
it is subconsciously like that,

ah btw, the market is testing to goes up beyond 0.8924, add another buy
  • #63,089
  • Aug 28, 2013 2:12am Aug 28, 2013 2:12am
I'm long @ 0.8929, think it's the end of bears power at H4. I see nice bulls accumulation @ this level. TP at least 100pips.
  • #63,090
  • Aug 28, 2013 2:13am Aug 28, 2013 2:13am
Quoting Gwan
{quote} thank you for the advice, knowing the problem, but can't solve it . by the time i think i can , that means i will dig a bigger hole to solve. it is subconsciously like that, ah btw, the market is testing to goes up beyond 0.8924, add another buy
If you think market is testing 0.8924, don,t buy beyond 0.8924, why dont you buy 10-20 pips below that price that way you can scalp 10- 20 pips, instead of waiting for the price to break .8924 something. Be careful it might go down so don't put all your soldiers. . I believe it will save you time
  • #63,091
  • Aug 28, 2013 2:25am Aug 28, 2013 2:25am
Quoting tashkent
{quote} your profit would be MUCH higher if you kept shorting the pair
no it wouldnīt!! and once we are oversold last months on daily&weekly TF, my riskwould be MUCH more higher if I was shorting this pair...clean as water!!
  • #63,092
  • Aug 28, 2013 2:39am Aug 28, 2013 2:39am
Quoting kevinleijh
{quote} If you think market is testing 0.8924, don,t buy beyond 0.8924, why dont you buy 10-20 pips below that price that way you can scalp 10- 20 pips, instead of waiting for the price to break .8924 something. Be careful it might go down so don't put all your soldiers. . I believe it will save you time
how do you know that i scalp?
  • #63,093
  • Aug 28, 2013 2:42am Aug 28, 2013 2:42am
Quoting Gwan
{quote} how do you know that i scalp?

I don't know
  • #63,094
  • Aug 28, 2013 3:35am Aug 28, 2013 3:35am
My Long position, i hope it will reach at least .897

AU H1 :
Attached Image (click to enlarge)
Click to Enlarge Name: `1.png Size: 47 KB
  • #63,095
  • Aug 28, 2013 3:41am Aug 28, 2013 3:41am
PA still resisted by .8930 which is last week low.
The true fact is market doesn't care, risk mgt is important.
  • #63,096
  • Aug 28, 2013 3:50am Aug 28, 2013 3:50am
Quoting andexQ
My Long position, i hope it will reach at least .897 AU H1 : {image}
Don't worry, it will reach 70 today.
  • #63,097
  • Aug 28, 2013 3:50am Aug 28, 2013 3:50am
Quoting Davit
{quote} Anything is possible in Forex but 400pip drop is little tough without retrace up.From 92 to 89 no real retrace. I think its "due" a correction move up.
the problem is that gbp/cad and audusd are in this moment (last 24h) positive correlated...and itīmissing another drop of 50 pips on GC -->6180 .. and I donīt know if is missing also on Audusd the same drop to 8886...
If that happened without retracement I will regret left short GC and reinforced long Audusd... letīs see
  • #63,098
  • Aug 28, 2013 3:52am Aug 28, 2013 3:52am
Quoting Ssm
PA still resisted by .8930 which is last week low.
I'm quite sure it will break .8930
  • #63,099
  • Aug 28, 2013 3:54am Aug 28, 2013 3:54am
Quoting 2+2=4ex
We might get to .8500 this week.
Not sure this week, but next week maybe? If all Aus data is bad
Logics do not apply in FOREX
  • #63,100
  • Aug 28, 2013 4:06am Aug 28, 2013 4:06am
Quoting sharovegas
{quote} Don't worry, it will reach 70 today.
TY Sharo,
It seem AU will play ranging between .890 to .897 for sometime before decide what is the next direction..
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