AUD/USD

This info is for position trader. definitely not for intraday trader like you

kof, doesn't matter what kind of trader you are, i am not a day trader nor a swing trader nor a position trader, i take long term trades and short term trades.
i am an opportunistic trader, meaning i take short term trades off of minor supply/demand levels, and take long term trades off of major supply/ demand levels
from larger time frames. i have major s/d levels marked on my D/W/M charts, and different ones for the more dynamic and ever changing shorter time frame
like the 1 hour. based on Guru's info, what would your trading decision be? all i know is that regardless of info blah blah, when price reaches a major supply zone
on the large time frame, price will go down, regardless of public opinion...

price action volume support resistance candlestick risk reward ratio. Everything must on the same line.

I take whatever the market gives me.

fundamentals are more of an excuse for price to do something it needs to do....regardless of the news result...

ECBs recent decision makes that pretty clear I'd think?

I dont like to predict the market. Because I always predict it wrong. Since I have a lost trade on AU, I rather wait for the market tells me what to do. If AU want to turn around, it will make a lower low, as simple as that.

all that is great, but if you can't spot where the big boys, or pros, or whatever u want to call them, are participating and following them,
you will always be behind the 8 ball, like most traders.. this is the key to trading. if i give you a book with the answer to trading written in chinese, and u don't speak chinese, , you better go to school to learn chinese, or ask a chinese person to translate....

I go short.

This is where volume comes in and when big boy make a move you can see it clearly on the chart.

there u go!!!! why do you always predict wrong????? maybe what you did yesterday and today, and tomorrow isn't correct.
make a change, figure that maybe i could do something differently, as this day to day thing isn't working...

And although I been bias down for AU. Right now I can see no sign of turning at all. At least for now. there is no big surge of volume piercing up or down. It just slowly climbing. and this unemployment news its seems to me its like a shakeout.

ANd if its a shakeout then its going to make new higher high.

and candle wise. Weekly candle haven't close yet you can't have any conclusion. And daily seems want to pierce 1.9410 and also have close yet. 4H candle there is no down candle at all. And people want to short( I'm one of them)? its doesn't make sense at all.

If the market turns now and make new low, kudos for those who make correct prediction.

I dont have this kind of balls.

finally a reason....way to go sharov!!! thats the difference between us kof. i am not biased up or down, i wait for supply and demand levels to form, then react to these levels when price returns, thats it..... the whole secret...what i 'think' is irrelevant and useless!!! what you are not sure of is what is supply and demand.
this you must learn. youtube is a great source...

There you go

finally hit the target... could go higher, i don't know, but stuck to and traded my plan based on objective visual supply zone.. noted days ago

With 3 trade 10 lot per trade. I hope thats a demo

Haha i know what are you aiming for. The place where demand and supply didn't fulfill

but becareful because sometimes it takes a loooooong time to get fill up

yyyyyeeeeeesssssssiiiiiirrrrrr!!!!!!! i aimed for a zone that price shot away from and could only stay for a short period of time, that has not been retested...
there you have the definition of a good supply level.

By supply you mean Long positions or short positions?

Like this right
pretty useful sometimes

Buying some AUDNZD here. Stops at 1.0801. Targeting 1.1 level. Touching the falling knife but lets see if some green pips come out of this.

Didn't put my level. Its 1.0856.

Still think there is more to the AUDNZD story than what this pullback suggests. Been a dismal few months for trend guys like me but all it takes is one good trend to make it all back.