AUD/USD

AUSSIE looks to have a bottom in, although trend not yet 100% reversed just yet we are on the verge here. Sellers loosing up grip, I have have longs under water so maybe we can get them going.

Price is on the fence right now at 0.9250.

going long to AUDUSD

Good luck DZ

short @265 w/ @40 target - considering longs as we get into the mid 230's.

via OFT: Large option levels w/ strikes of 0.9300(700M) & 0.9250(300M) set for today's 10am NY/1400 gmt options cut.

Wow. We really do live in one fucked up society.

i think AUDUSD taken support todays low..once break 0.9300 it may go 50+ pips...later 0.9400

mid 220s establishing as a short target....might hold short a bit longer than planned...


Just as a little background for those reading this thread and probably reading some of my comments and wondering what planet I fell off of:

I was involved in FX from about 2003 'til early '09 more "dabbling" than anything. I followed all the traditional stuff, paid stupid money for training, found the golden goose, "it quit working!", rinse, repeat a few times, blow out an account here and there.....Yeh, I think you get where I'm coming from. Many comments here on FF support a similar experience. Most gave up at this point, but, after the losses I decided I'd still research the market, run some demo accounts, etc.

So, after taking about a year off, I came back to FX in around 2010ish with my head cleared and started looking at things A LOT differently. Anybody who wants me to pay for any kind of training better have an audited P&L they can show me. If you can't, take your wares elsewhere.

After loads of spreadsheets and studying, a couple of weeks ago I funded two tiny accounts. Last week was my first week trading them live and I decided I'd focus solely on the AUD/USD using techniques I've discovered, researched and back tested over the last few years with results I'm happy with. The educational time has encompassed studying price action, how the market moves, how targets are established, and chiefly, money management.

Without excellence in money management, nothing else matters.

Do you have any charts to support that claim ?

Just wondering what will make me cry even more (SHORT at the recent LOW). Delaying the hedge so I will not be cought in it, tomorrow too. I guess BEARS will cry if a BULLISH day bar is printed above today's high

My current target tracking has the following open targets:

(NOT TRADING SUGGESTIONS! Just sharing what I'm seeing...Time periods in GMT)

LONG to .9467 (Carried over from last week - established last Weds. 4/23)

Current Week:

LONG to .9296
SHORT to .9226

Tiggrr: I saw your comment pop in as I was typing this comment. I use 30m OPEN data and a spreadsheet to calculate targets. The same methodology is usable on longer time frames, you just have to accept that you might enter a lengthy swing to arrive at the target. I have had an "itch" to try it out on shorter timeframes but never have. Please understand there is NO prediction of timing to achieve any target I express, thus my disclaimer regarding these NOT being trade suggestions.

Waiting for it to dip to go Long. Hopefully it dips before the cut-off so I can earn some swaps.

Long opened. TP: 0.93+ No SL

Very brave! Especially without SL...

I personally never trade with a SL unless there are major news announcements. Surprisingly me trading without a SL is more successful. I would not suggest doing it tho.

I don't put in SL anymore after SO MANY times my stops got run on otherwise profitable positions. So now I just trade san SL, all gloves off! They can just suck it!!

Sorry, but your trading style is more like gambling...I'm personally treat trading like business. So, it's very important to cut your loss and run your reward. My risk reward 1:2, 1:3 or even 1:4 in some tradings Such approach alow you to have less winning trades, but still be in profit in longer term. Wish you all the best in your trading! Take care!