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AUD/USD

  • #63,241
  • Aug 29, 2013 4:44am Aug 29, 2013 4:44am
Quoting theunplugged
THERE ARE 20 min to close hourly canlle...and the chart look badddddd!!! if in the next two hours the short eat the mother candle of the engulfing bullish that start 89.00...it's short definitly and abysss for the aussie
can you stop bolding shit like anybody should care?

all I care is my test accounts looking good
putting my strategies on test here.

also I don't trade friggin minutes charts or the H1, I focus on the bigger picture like H4 , Daily and Weekly.

High Risk (FXCM)
http://www.myfxbook.com/members/fxty...ed-fxcm/643313
Low Risk (FXDD)
http://www.myfxbook.com/members/fxty...ed-fxdd/660249
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #63,242
  • Aug 29, 2013 4:48am Aug 29, 2013 4:48am
Quoting fxtyrant
{quote} all I care is my test accounts looking good putting my strategies on test here. also I don't trade friggin minutes charts or the H1, I focus on the bigger picture like H4 , Daily and Weekly. High Risk (FXCM) http://www.myfxbook.com/members/fxty...ed-fxcm/643313 Low Risk (FXDD) http://www.myfxbook.com/members/fxty...ed-fxdd/660249
Well done mate !! congrats on your low risk strategy..
Be the change that you want to change
  • #63,243
  • Aug 29, 2013 4:55am Aug 29, 2013 4:55am
Quoting mubinirl
{quote} Well done mate !! congrats on your low risk strategy..
I have yet to test the strategy a bit longer before I can deem the strategy a success, so far its down great on the majors EURUSD, GBPUSD and USDCHF, dunno how well its gona fare playing with the oceanic pairs...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #63,244
  • Aug 29, 2013 4:55am Aug 29, 2013 4:55am
Quoting fxtyrant
{quote} can you stop bolding shit like anybody should care? all I care is my test accounts looking good putting my strategies on test here. also I don't trade friggin minutes charts or the H1, I focus on the bigger picture like H4 , Daily and Weekly. High Risk (FXCM) http://www.myfxbook.com/members/fxty...ed-fxcm/643313 Low Risk (FXDD) http://www.myfxbook.com/members/fxty...ed-fxdd/660249
YO man i don't trade paper...real money !!!
  • #63,245
  • Aug 29, 2013 5:02am Aug 29, 2013 5:02am
Quoting theunplugged
{quote} YO man i don't trade paper...real money !!!
it doesn't matter if its real money or not, % gain matters.
for me I treat any demo account like Live, and any people testing their strategy should be trading their demo accounts as if they are real, practicing money management, and risk:reward optimization.

that's why you see I don't have drawdown above 5% on both my high and low risk account....

also know the fact that my demos are at 1:50 leverage...

Also, I managed a private fund current worth ~200k USD.

so you wana talk about trading real money? show me your performance on the real money account and see if you match as well as I do on my demo, because you surely wont match my performance on my Real account private fund of which I started with only 5k USD in January... tap your head?? 5k to 200k and its only September? that's 390% growth in 9 months average monthly rate of growth... that's about 43.3% growth per month... pretty much in line with the results on my demo.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #63,246
  • Aug 29, 2013 5:26am Aug 29, 2013 5:26am
man i don't understand ... your account real money or paper money for me not have interest...it's no my problem.
explained your strategy...your stop loss / profit and your risk reward ratio please.
i don't know person that have gain lot of money without stop loss...
may be it's the first time
  • #63,247
  • Aug 29, 2013 5:34am Aug 29, 2013 5:34am
Quoting fxtyrant
{quote} it doesn't matter if its real money or not, % gain matters. for me I treat any demo account like Live, and any people testing their strategy should be trading their demo accounts as if they are real, practicing money management, and risk:reward optimization. that's why you see I don't have drawdown above 5% on both my high and low risk account.... also know the fact that my demos are at 1:50 leverage... Also, I managed a private fund current worth ~200k USD. so you wana talk about trading real money? show me your performance on the real...
Gonna have to agree with that. It doesn't matter whether it is real money or a demo. If an impulsive trade that shoots off on a demo, why in the world would they all of a sudden become more reserved on a real account?

Human behavior and bad habits are incredibly hard to control, and it's less costly on a demo. Work out your tactics, strategies and whatnot on a demo. Get your mind right, and work on a real account.

Nevertheless, I fully suggest traders trade their demo in the same leverage as their real account because it really does favor in a great deal.

FXbryant, are you discretionary, technical, automated.....?
When the facts change I change my mind, what do you do sir
  • #63,248
  • Aug 29, 2013 5:49am Aug 29, 2013 5:49am
Quoting Pip Anon
{quote} Gonna have to agree with that. It doesn't matter whether it is real money or a demo. If an impulsive trade that shoots off on a demo, why in the world would they all of a sudden become more reserved on a real account? Human behavior and bad habits are incredibly hard to control, and it's less costly on a demo. Work out your tactics, strategies and whatnot on a demo. Get your mind right, and work on a real account. Nevertheless, I fully suggest traders trade their demo in the same leverage as their real account because it really does favor...
im a fundamental trader to start off with the basics, and over the past 4 years of my trading, ive basically been on a trial and error phase of testing out strategies after strategies, optimizing strategies, soooo im a fundy base technical trader if that makes sense

and yes I totally agree, one thing new traders have to learn is discipline on money management and risk assessments....
too many traders go balls busting with 500 usd account 1:200 leverage and trade standard lots on a 5-15 minutes chart... that's how they fuck up...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #63,249
  • Aug 29, 2013 5:52am Aug 29, 2013 5:52am
Quoting theunplugged
man i don't understand ... your account real money or paper money for me not have interest...it's no my problem. explained your strategy...your stop loss / profit and your risk reward ratio please. i don't know person that have gain lot of money without stop loss... may be it's the first time
bro, check my trades again and you'll realize I have Stop Losses, on FXDD (MT4 Platform) account or the low risk, I have Stop Loss into trades....
however my high risk account with FXCM (Trade Station Platform) Stop Loss and Take Profit comes in the form of ORDERS..... that's why you don't see any Stop loss or Take profit on trades.

the Trade station platform with FXCM is a bitch.... but oh well it still works.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #63,250
  • Aug 29, 2013 5:57am Aug 29, 2013 5:57am
Quoting fxtyrant
{quote} im a fundamental trader to start off with the basics, and over the past 4 years of my trading, ive basically been on a trial and error phase of testing out strategies after strategies, optimizing strategies, soooo im a fundy base technical trader if that makes sense and yes I totally agree, one thing new traders have to learn is discipline on money management and risk assessments.... too many traders go balls busting with 500 usd account 1:200 leverage and trade standard lots on a 5-15 minutes chart... that's how they fuck up...
Very true, although I do not totally denounce leverage. If used "properly," it can be beneficial. The average retailer looks to FX because it's not capital intensive and want instant gratification. I mean I started that way because I didn't know any better. If I can grab 20,30 sometimes even 50+ pips on a micro lot or 10 pips on a leveraged scalp, I'm ok with that. I learned to live with what the market gives me because it is the ultimate equalizer - and demoralizer!

I came across an article about being a "bricklayer" by adding to your account brick by brick. Each brick by themselves may not look pretty, but collectively can be gorgeous!
When the facts change I change my mind, what do you do sir
  • #63,251
  • Aug 29, 2013 5:59am Aug 29, 2013 5:59am
hello guys I would go LONG now audusd if I were you ....
  • #63,252
  • Aug 29, 2013 6:15am Aug 29, 2013 6:15am
Quoting The Wizard
hello guys I would go LONG now audusd if I were you ....
lol c'mon I'm sure you can do better than that.

Let me help you...

"hello guys I would go LONG now audusd if I were you BECAUSE _________"
  • #63,253
  • Aug 29, 2013 6:16am Aug 29, 2013 6:16am
Quoting Pip Anon
{quote} Very true, although I do not totally denounce leverage. If used "properly," it can be beneficial. The average retailer looks to FX because it's not capital intensive and want instant gratification. I mean I started that way because I didn't know any better. If I can grab 20,30 sometimes even 50+ pips on a micro lot or 10 pips on a leveraged scalp, I'm ok with that. I learned to live with what the market gives me because it is the ultimate equalizer - and demoralizer! I came across an article about being a "bricklayer" by adding to your...
Yes, I have read the "bricklayer" tactic before, that is very good part of investment too, i too have started using it before, but it is more for long term trade, i have one long at 0.895, and decided to add more when it goes below 0.885 by one at a time.
Logics do not apply in FOREX
  • #63,254
  • Aug 29, 2013 6:19am Aug 29, 2013 6:19am
Quoting fxtyrant
{quote} bro, check my trades again and you'll realize I have Stop Losses, on FXDD (MT4 Platform) account or the low risk, I have Stop Loss into trades.... however my high risk account with FXCM (Trade Station Platform) Stop Loss and Take Profit comes in the form of ORDERS..... that's why you don't see any Stop loss or Take profit on trades. the Trade station platform with FXCM is a bitch.... but oh well it still works.


Hi

I am with fxcm tooo

cheers
  • #63,255
  • Aug 29, 2013 6:19am Aug 29, 2013 6:19am
Quoting Pip Anon
{quote} Very true, although I do not totally denounce leverage. If used "properly," it can be beneficial. The average retailer looks to FX because it's not capital intensive and want instant gratification. I mean I started that way because I didn't know any better. If I can grab 20,30 sometimes even 50+ pips on a micro lot or 10 pips on a leveraged scalp, I'm ok with that. I learned to live with what the market gives me because it is the ultimate equalizer - and demoralizer! I came across an article about being a "bricklayer" by adding to your...
for me, I used to trade 1:200 and 1:400 leverages and that actually didn't help me at all.... It gave me so much marginal space that I thought I would be fine adding more and more positions to a point I wasn't aware what the damage would be when the market moved 1 pip against me.....
what I realized is that the the more you add to your position the more you stack your potential drawdown on an exponential curve.... it eats up your equity in exponential terms.
so, really for me to understand and avoid having my trades eat up my equity and suffering from big drawdowns, I decided the best way to learn is actually to have a really low leverage like 1:50 or even 1:10, so you can experience how much a trade takes up in terms of margin and how much wiggle room you got, at 1:50 you limit your wiggle room, meaning your entries have to be as accurate as hell, thus improving your Drawdowns....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #63,256
  • Aug 29, 2013 6:23am Aug 29, 2013 6:23am
Quoting JollyBean
{quote} lol c'mon I'm sure you can do better than that. Let me help you... "hello guys I would go LONG now audusd if I were you BECAUSE _________"

How about the fact that AUDUSD and NZDUSD are considered commodity currencies and seeing as the rare metal price beginning its rise say Gold, Silver, Copper.
and also the fact China is coming up with better figures and data, and how China is looking at possibly gradually expanding its monetary supply.... to maintain their 7% GDP growth....
AUDUSD and NZDUSD is surely gona benefit from this
have a nice day...
this is only my bogged down version of the fundamental analysis I got for you on the AUDUSD, NZDUSD.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #63,257
  • Aug 29, 2013 6:30am Aug 29, 2013 6:30am
Quoting fxtyrant
{quote} How about the fact that AUDUSD and NZDUSD are considered commodity currencies and seeing as the rare metal price beginning its rise say Gold, Silver, Copper. and also the fact China is coming up with better figures and data, and how China is looking at possibly gradually expanding its monetary supply.... to maintain their 7% GDP growth.... AUDUSD and NZDUSD is surely gona benefit from this have a nice day... this is only my bogged down version of the fundamental analysis I got for you on the AUDUSD, NZDUSD.
Oh don't get me wrong, I'm on the long train too.

My point was for people who give predictions to at least include a reason why they think what they think for the benefit of other traders here.
  • #63,258
  • Aug 29, 2013 6:34am Aug 29, 2013 6:34am
Quoting JollyBean
{quote} Oh don't get me wrong, I'm on the long train too. My point was for people who give predictions to at least include a reason why they think what they think for the benefit of other traders here.
indeed!
well I gave you my fundamental reasons..... got tech explanation too but its gona take me an hour to explain.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #63,259
  • Aug 29, 2013 6:37am Aug 29, 2013 6:37am
Quoting fxtyrant
{quote} indeed! well I gave you my fundamental reasons..... got tech explanation too but its gona take me an hour to explain.
lol but you didn't have to, you weren't the one making the prediction.

Much appreciated for taking the time anyways
  • #63,260
  • Aug 29, 2013 6:47am Aug 29, 2013 6:47am
Good morning guys.. I second the long AU short UJ argument.. US GDP and employment numbers are due in about 45 minutes and you bet the numbers gonna be worse than expected.
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