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AUD/USD

  • #66,541
  • Sep 26, 2013 10:19pm Sep 26, 2013 10:19pm
Quoting 5percent
{quote} live trading scenario -> i shall not display the audusd , don't like to mislead. But here's how UJ move. One tip, don't fall for those theory - candlestick patterns, indicators about overbought or oversold etc. I will definitely sell below every pin bar and buy above every shooting star when a range is break out in favor of a news flow and trend. every trade should also have a trading management of trailing/be stop or even time factor. Price is mainly moved by marabuzo -> fat candle close under support/above resistance. {image}

Hi

I call them crown shape

draw trend line the price will follow

to test

auzi 1m tf squeez up to 17 sep and see the shape


cheers
  • #66,542
  • Edited 10:54pm Sep 26, 2013 10:29pm | Edited 10:54pm
Quoting fxtyrant
{quote} woah buddy this is no where low for me... the low for me is all the way down to 0.89 thats what i call the low.
bro, you are a swing trader and hold position for days or even weeks or month. you speculate along with fundamental. and wait for trade to hit your levels you wanted.

But i am just technical, with fundamental as catalyst. I trade price on opportunities given now and then, low for me within short period of time, that's within 1 day - intra-day, low is wrong when hourly pin bar is breached. which is why stop loss will be taken or trailing stop / be etc.

i don't married to my positions, i move on to new trade ideas, that have higher probability to move along with trend.

i won't buy at all after the low is breached. which is why losses will happen. Why would i buy after support on this range is breached? i will sell along side if price is meant to go down.

No doubt, we are seeing lower hi on audusd on every high it retraced.

now we have 0.9375 and 0.94 as 2 level of lower hi.

Above 0.94 i will be bullish again on longer term, as weekly and monthly close is important.

pivot 0.9320/40 for me on monthly basis.

monthly close above 0.94? don't look bullish? then why when price have bearish engulfing from top on audusd monthly chart is bearish? and it did managed to break 1.0150 and all the way down to 0.8840.

we have double bottom 0.8840/60 one higher lo. on daily.

i am being fair to price. i won't know whats going to happen the next second, the opening of europe, the friday us session or even monday's monthly close. just trying to fit in a good entry and exit accordingly to my trading management to eliminate risk gradually.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: BE stops.png Size: 19 KB
Click to Enlarge Name: trades.png Size: 6 KB
  • #66,543
  • Sep 26, 2013 10:32pm Sep 26, 2013 10:32pm
Quoting 5percent
{quote} bro, you are a swing trader and hold position for days or even weeks or month. you speculation along with fundamental. and wait for trade to hit your levels you wanted. But i am just technical, with fundamental as catalyst. I trade price on opportunities given now and then, low for me within short period of time, that's within 1 day - intra-day, low is wrong when hourly pin bar is breached. which is why stop loss will be taken or trailing stop / be etc. i don't married to my positions, i move on to new trade ideas, that have higher probability...
you are what i like to call as a scalper.....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #66,544
  • Sep 26, 2013 10:42pm Sep 26, 2013 10:42pm
I really can't see it breaking below 0.9280. There should be considerable interest from the 0.9310 area and again I'm not sure that we will see that price. I really wouldn't mind that to offload my small short and re-load long.
  • #66,545
  • Edited 11:03pm Sep 26, 2013 10:44pm | Edited 11:03pm
Quoting fxtyrant
{quote} you are what i like to call as a scalper.....
you may call me anything you want or comment anything you want.

everyone have their own trading methods and ideas and strategy. Thus, i respect your trading style and opinions. and hope you may do the same by being neutral then biased just because i may long a small long there, but didn't said i have, but i could have.

Scalper in general term hold position within 1-3 minutes, in the industry. Some may have the extend to 1hour as price may be slow. most scalper either take asia ranging market, or when volatility is better during Europe opening after or us session after when price start to re-range. scalper may also take on burst break out trade in short time.

Scalping require sharp entries and small stop loss, else scalper risked huge draw down when trend go against them.

http://en.wikipedia.org/wiki/Scalping_(trading)

I am not a scalper, i am a trader who utilize many different kinds of trading method; range, breakout, scalping, news, retracement and swing. i apply whichever i see best in each market condition.

below is the difference to me as position taking , swing, and scalping.

the earlier stops u see are BE stops or trailing stops, that i priced in with time factor and pivot. -> i don't let a winner turn into a loser, most often they are green but not tp, thus return back i will let it trail out or be. then to be trapped in a trade in green first and then red.

my entries are not perfect, i will be wrong too, and losses definitely happen for me. But i would want to cut my losers short and ride on a possible winner if possible ->given breakout/fundamental event. but bread and butter is what i want, marathon are just bonus.
Attached Image(s) (click to enlarge)
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  • #66,546
  • Sep 26, 2013 11:04pm Sep 26, 2013 11:04pm
Quoting fxtyrant
Now hopefully people are smart enough to know who to listen to.... SpartanTrade still holding to his 0.9380 longs?? ....

Well SpartanTrade asked that senior members ridiculous those who are wrong ....It is his turn now ...
There is a winner and a loser, nothing in between.
  • #66,547
  • Sep 26, 2013 11:20pm Sep 26, 2013 11:20pm
Quoting 5percent
normally, i never trust a fake out during Asia .... {image} {image} {image}
Attachments are good stuffs. Thanks.
The true fact is market doesn't care, risk mgt is important.
  • #66,548
  • Sep 26, 2013 11:51pm Sep 26, 2013 11:51pm
Who care scalper or trader? as long as make profit
  • #66,549
  • Sep 26, 2013 11:52pm Sep 26, 2013 11:52pm
It's not about being wrong, rather, it's about how much money you make when you're right and how much you don't lose when you're wrong.
Money never sleeps I can hear the dollar calling me
  • #66,550
  • Edited 1:41am Sep 27, 2013 1:16am | Edited 1:41am
Quoting buytosell
{quote} Well SpartanTrade asked that senior members ridiculous those who are wrong ....It is his turn now ...
Have actually advocated the opposite. I have said that senior members SHOULD NOT ridicule!!!!!!!!!!!!!!!!!!!!!!
Any members for that matter.
  • #66,551
  • Sep 27, 2013 2:08am Sep 27, 2013 2:08am
Quoting 5percent
{quote} live trading scenario -> i shall not display the audusd , don't like to mislead. But here's how UJ move. One tip, don't fall for those theory - candlestick patterns, indicators about overbought or oversold etc. I will definitely sell below every pin bar and buy above every shooting star when a range is break out in favor of a news flow and trend. every trade should also have a trading management of trailing/be stop or even time factor. Price is mainly moved by marabuzo -> fat candle close under support/above resistance. {image}
my uj hit my estimated target. on a larger tf, uj may hit 98.10/20 area again based on estimated target. that's if yesterday us low at 98.50 is breached, where sell stop below 98.48 will be there to catch the move.

Long on aud is BE. My entry may be always wrong, because i won't know what may happen later on. But at least i try to get into a position that will be green with the upcoming trend and have more chance to utilize trading management like BE, trailing stops etc.

if the price go up and then down, of course i can always sell later.
  • #66,552
  • Sep 27, 2013 2:51am Sep 27, 2013 2:51am
Attached Image (click to enlarge)
Click to Enlarge Name: AUD_USD_1_godzina.png Size: 71 KB
  • #66,553
  • Sep 27, 2013 3:01am Sep 27, 2013 3:01am
looks like another false break again.

we have another new lower hi at 0.9368 now.

second lower hi 0.9375. above 0.9375 i will turn bullish also..

0.94, 0.9375, 0.9368
  • #66,554
  • Sep 27, 2013 3:16am Sep 27, 2013 3:16am
Quoting PipTrapper
{quote} Just so there is no confusion, this is my game plan. So we may be pretty much on the same page. The only question is (How high before crash bang boom!!!?) AUD/USD Daily {image}
As I said previously I am expecting to see between 9320 and 9280 before a rebound back upwards.
If 9280 fails to provide adequate support on a daily close basis, then that expectation becomes invalidated and EW theory the way I understand it gets thrown under the bus.
Those who say it cannot be done should not interrupt those who are doing it
  • #66,555
  • Sep 27, 2013 3:19am Sep 27, 2013 3:19am
Quoting PipTrapper
{quote} As I said previously I am expecting to see between 9320 and 9280 before a rebound back upwards. If 9280 fails to provide adequate support on a daily close basis, then that expectation becomes invalidated and EW theory the way I understand it gets thrown under the bus.
I agree, daily close below 9280 opens the door for more downside but should provide support, how much looks like we will see soon.
  • #66,556
  • Sep 27, 2013 3:23am Sep 27, 2013 3:23am
2x EURAUD Long taken profit at 1.4460 both for ~300 pips
back to sleep i go. have a nice day.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #66,557
  • Sep 27, 2013 3:27am Sep 27, 2013 3:27am
Quoting fxtyrant
2x EURAUD Long taken profit at 1.4460 both for ~300 pips back to sleep i go. have a nice day.
Sleep well... and please try and be nice towards those who do not agree with your analysis. There is always more than one way to skin a cat.

Hmmm... Reflecting on what I just said about cats. Okay I'm not a cat lover, but poor cat.
Those who say it cannot be done should not interrupt those who are doing it
  • #66,558
  • Sep 27, 2013 3:40am Sep 27, 2013 3:40am
Quoting DR Ali
{quote} can you please explain and also post ATR indicator in your chart? Thanx

Sorry for the late reply. I just got up. Anyway that indi. is from fxcm and if you have an acc. with them then you can get it
the cautious seldom err....C
  • #66,559
  • Sep 27, 2013 3:58am Sep 27, 2013 3:58am
Quoting Erebus
{quote} Ditto that request, looks interesting, wonder if it does Weekly also? Thanks, E.

Attached Image (click to enlarge)
Click to Enlarge Name: pic 6.png Size: 60 KB
Here it is .
Attached Image (click to enlarge)
Click to Enlarge Name: pic 1.png Size: 58 KB
B/e +50
the cautious seldom err....C
  • #66,560
  • Sep 27, 2013 4:05am Sep 27, 2013 4:05am
Quoting PipTrapper
{quote} As I said previously I am expecting to see between 9320 and 9280 before a rebound back upwards. If 9280 fails to provide adequate support on a daily close basis, then that expectation becomes invalidated and EW theory the way I understand it gets thrown under the bus.
Looks like 9320 has provided some support but I'm not impressed with it. Will likely give way. Time will tell.
Those who say it cannot be done should not interrupt those who are doing it
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