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AUD/USD

  • #78,021
  • May 28, 2014 10:29pm May 28, 2014 10:29pm
Quoting Kofmaster
Volume is considered as the most reliable information ~
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #78,022
  • May 28, 2014 10:30pm May 28, 2014 10:30pm
There you go
Attached File(s)
File Type: pdf fxvolume tick volume vs real volume study.pdf   552 KB | 280 downloads
Read the entire market, money is made on the main trend not the fluctuation
  • #78,023
  • May 28, 2014 10:36pm May 28, 2014 10:36pm
Quoting Magix
{quote}
I assume you do not use volume
Read the entire market, money is made on the main trend not the fluctuation
  • #78,024
  • May 28, 2014 10:38pm May 28, 2014 10:38pm
Quoting Kofmaster
{quote} I assume you do not use volume

You are correct in your assumption...

Even Master VSA Malcolm wasn't very good at it. Well, after something happened he was okay...but prior to...he was just as lost as most.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #78,025
  • May 28, 2014 10:40pm May 28, 2014 10:40pm
This really could be the start of something beautiful.

Great tip iNSIELD. I typically don't even watch this pair.

Attached Image (click to enlarge)
Click to Enlarge Name: beautiful.png Size: 22 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #78,026
  • May 28, 2014 10:42pm May 28, 2014 10:42pm
Very clearly yesterday I stated I'm very bearish on AU, however I couldn't find my entry on my own personal set up. I stand on the side line.

Now its clear that strength has appear on 4H chart. my first target would be 0.932 and later on the blue trendline.

This up move is just a fast food for me. The real meal is on the downside.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdmh4.png Size: 81 KB
Read the entire market, money is made on the main trend not the fluctuation
  • #78,027
  • May 28, 2014 10:51pm May 28, 2014 10:51pm
Quoting Kofmaster
Very clearly yesterday I stated I'm very bearish on AU, however I couldn't find my entry on my own personal set up. I stand on the side line. Now its clear that strength has appear on 4H chart. my first target would be 0.932 and later on the blue trendline. This up move is just a fast food for me. The real meal is on the downside. {image}
http://www.forexfactory.com/showthre...98#post7489698
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #78,028
  • May 28, 2014 10:54pm May 28, 2014 10:54pm
Quoting Magix
{quote} You are correct in your assumption... Even Master VSA Malcolm wasn't very good at it. Well, after something happened he was okay...but prior to...he was just as lost as most.
Just because somebody gave him the title master, and he is lost doesn't mean everyone is as lost as him. I have a lot of respect for malcomb14 . But that doesn't mean we have the same approach for it. He is trading intraday and I'm a swing trader
Read the entire market, money is made on the main trend not the fluctuation
  • #78,029
  • May 28, 2014 10:57pm May 28, 2014 10:57pm
Quoting Kofmaster
{quote} Just because somebody gave him the title master, and he is lost doesn't mean everyone is as lost as him. I have a lot of respect for malcomb14 . But that doesn't mean we have the same approach for it. He is trading intraday and I'm a swing trader
And?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #78,030
  • May 28, 2014 11:05pm May 28, 2014 11:05pm
Quoting Magix
{quote} And?

Trading intraday is the most dangerous type of trader. Most easily exposed to frustration due to multiple lost trades a day, if even just for a sec you didn't follow the rules you make for yourself, you lost it, You make a hole in your account.

A swing trader the most make a trades or two in 1 week. Are less susceptible to frustration, less mistakes.

As we all know, in trading the deadliest is not the weakness in your trading strategies. but the psychology towards it. You have the best trading strategies but if you don't have all the equipped psychology to handle it, you still going to mess up.

As simple as that
Read the entire market, money is made on the main trend not the fluctuation
  • #78,031
  • May 28, 2014 11:09pm May 28, 2014 11:09pm
Quoting Magix
{quote} http://www.forexfactory.com/showthre...98#post7489698
btw, great analysis for 2 direction.
Read the entire market, money is made on the main trend not the fluctuation
  • #78,032
  • May 28, 2014 11:14pm May 28, 2014 11:14pm
Quoting Kofmaster
{quote} Just because somebody gave him the title master, and he is lost doesn't mean everyone is as lost as him. I have a lot of respect for malcomb14 . But that doesn't mean we have the same approach for it. He is trading intraday and I'm a swing trader
i know nothing about volumes i guess it is on my list to learn...... its so amazing how many interesting things i keep opening to myself by learning deeply trading......but i still making my best opinions on clear naked chart. So glad i joined ff a lot to see ,a lot learn, and people here not thinking of me that im addicted to gamble and i need medical help (like people around me who thinks works a macdonalds much more real.lol )
  • #78,033
  • May 28, 2014 11:16pm May 28, 2014 11:16pm
Quoting Kofmaster
As simple as that

I only trade off of the M1 charts...

That's pretty much it for me...

Doesn't mean I don't get the longer charts, just means I can find what I want and need on a faster frame.

But, that don't mean that I think that I have the only way to trade...it's just what works for me...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #78,034
  • May 28, 2014 11:17pm May 28, 2014 11:17pm
Quoting daozai
Can someone explain to me why did the AU spike up when the release of Private Capital Expenditure q/q is worse than forecast? Thanks

While the Headline (-4.2%) is quite poor compared to expectations, the ’2nd estimate’ for 2014 / 15 is almost A$10b better and is a positive. It's this result that the RBA will pay more attention too in policy decisions. The 2nd estimate of 2014/15 Capex is at $A137.1b, consensus expectation was for A$127.8 b.
The data also suggests the transition of the Australian economy from mining investment to non-mining investment is happening very smoothly, better than the RBA would have expected. The on-mining part of business investment provided most of the upside surprise.
  • #78,035
  • May 28, 2014 11:21pm May 28, 2014 11:21pm
Quoting Kofmaster
{quote} There you go, alot of people who doesn't use volume to trade in FX have the same concerns. The volume used in retail broker is tick volume, and it has the same reliability as futures volume as a study has done on this.
Hi Kofmaster
If its working for you by all means continue. If you can post live trades when you saw huge volume entered live and closed 20 in a row and show you were correct majority of times following volume then you may have valid argument.
To me its irrelevant since what pushes price is not number of orders but size.
Please don't try to sell me what you think.Show me your trades based on volume. Entry exits, number of trades profits losses.
I am tired of rhetorical arguments.Show me your goods in concrete examples on lives trades.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #78,036
  • May 28, 2014 11:21pm May 28, 2014 11:21pm
Quoting Kofmaster
{quote} Trading intraday is the most dangerous type of trader. Most easily exposed to frustration due to multiple lost trades a day, if even just for a sec you didn't follow the rules you make for yourself, you lost it, You make a hole in your account. A swing trader the most make a trades or two in 1 week. Are less susceptible to frustration, less mistakes. As we all know, in trading the deadliest is not the weakness in your trading strategies. but the psychology towards it. You have the best trading strategies but if you don't have all the equipped...
Amen to that... discipline is a hard animal to tame..
A genius is born every minute, me I am lucky if my socks match.
  • #78,037
  • May 28, 2014 11:21pm May 28, 2014 11:21pm
Quoting Magix
{quote} I only trade off of the M1 charts... That's pretty much it for me... Doesn't mean I don't get the longer charts, just means I can find what I want and need on a faster frame. But, that don't mean that I think that I have the only way to trade...it's just what works for me...

Ive been following a few of your posts for a while now, can you point us to another thread where you outline your style and methodology? I'm not totally clear on reading your charts.


thanks.
  • #78,038
  • May 28, 2014 11:22pm May 28, 2014 11:22pm
Quoting Lamira
{quote} i know nothing about volumes i guess it is on my list to learn...... its so amazing how many interesting things i keep opening to myself by learning deeply trading......but i still making my best opinions on clear naked chart. So glad i joined ff a lot to see ,a lot learn, and people here not thinking of me that im addicted to gamble and i need medical help (like people around me who thinks works a macdonalds much more real.lol )
The less you learn and just stick with your naked chart. the more you bombard yourself with new ideas and indicator the more it will hurt you in long run.
  • #78,039
  • May 28, 2014 11:25pm May 28, 2014 11:25pm
Quoting Kofmaster
{quote} btw, great analysis for 2 direction.
Thanks...

An example...

I've been posting a chart on NZDUSD...

I took my trades and now I'm off for the evening.

This evening, I've played AUDUSD (Long and Short), EURUSD (Long), GBPUSD(Long) and Just closed these last few...I really don't feel all that exposed...a lot of my trades look the same, just depends on the sessions that allow for different ranges.

Now...I'm off to snap on my footy jammies n catch up with a little soggytongue...

Good luck on the day!

Attached Image (click to enlarge)
Click to Enlarge Name: exit.png Size: 20 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #78,040
  • May 28, 2014 11:28pm May 28, 2014 11:28pm
Quoting oztrader79
{quote} Ive been following a few of your posts for a while now, can you point us to another thread where you outline your style and methodology? I'm not totally clear on reading your charts. thanks.
I don't really have much by way of an active thread here anymore...

All I am looking at is the Hourly charts superimposed on the M1/M5 time frames.



Sorry...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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