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AUD/USD

  • #79,401
  • Jun 12, 2014 9:00am Jun 12, 2014 9:00am
supply can turned into demand. demand can turned into supply.

There is no fxxking perfect trading system. supply and demand is another name of support and resistance... so basic...
  • #79,402
  • Jun 12, 2014 9:02am Jun 12, 2014 9:02am
the top blue box was a level where price went down quickly from in the past. that is a supply zone. as price returned to this level, i cashed in my long trade. there is another supply zone a little higher up, so before i short here, i will wait to see if another supply area forms here, and then short, or see if a demand area forms here to take me to the next higher supply zone
  • #79,403
  • Jun 12, 2014 9:08am Jun 12, 2014 9:08am
no zew supply and demand are not the same as s/r, but once supply passed becomes demand...
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  • #79,404
  • Jun 12, 2014 9:26am Jun 12, 2014 9:26am
i rarely catch the last few pips of a down move , before it turns up. i wait for the market to show its hand, like in this example. i waited for price to return to the zone that it left from quickly. low risk, high probability trade. they are all over the chart. when price makes its move, don't panick and think you missed the move.
if its a good level price will return to fill up the tank some more before continuing higher.
when i saw the first big green bar just above 'support, i got excited, an opportunity is happening in front of me. i then draw a box around the level price shot away from, and wait patiently like a lion waiting for the herd to come back to me, then pounce....
everyone who bought after that first big green bar was an amateur... i know that. the pros never chase, thats why i wait for the return... happy trading
  • #79,405
  • Jun 12, 2014 9:48am Jun 12, 2014 9:48am
Quoting zew
There is no fxxking perfect trading system.
Sure there is...

Yours to you

Mine to me
"Holy Grail" exists - accepting where is the first step.
  • #79,406
  • Jun 12, 2014 9:54am Jun 12, 2014 9:54am
Va for President, you got my vote!!
  • #79,407
  • Jun 12, 2014 10:03am Jun 12, 2014 10:03am
Crocodile do the same thing
Read the entire market, money is made on the main trend not the fluctuation
  • #79,408
  • Jun 12, 2014 10:45am Jun 12, 2014 10:45am
I am fed up with audusd uprisingg...it has to stop at 1.9440 maxxx..
So that gbpaud returns to 1.81-82
always draw trendlines
  • #79,409
  • Jun 12, 2014 10:57am Jun 12, 2014 10:57am
Quoting Magix
{quote} 1 trade in 2 weeks that worked out using trendlines? Good trade Matt... I guess, if it's working for ya...keep on, keep'n on...
Hehe, that's one trade I am posting. I currently have 5 trades open all in positive and equaling around 550 pips all using my system of TL's, cheers
As the lights go by so too do the shadows move
  • #79,410
  • Jun 12, 2014 11:11am Jun 12, 2014 11:11am
now we wait to see what the market wants to do, and take action after it shows us its poker hand
  • #79,411
  • Jun 12, 2014 11:19am Jun 12, 2014 11:19am
Pending Buy triggered GJ @ 171.299 SL 171.042
A good trader follows his rules, but great trader knows when to break them
  • #79,412
  • Jun 12, 2014 11:34am Jun 12, 2014 11:34am
Good luck ill be back,

But this is Audusd thread.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #79,413
  • Jun 12, 2014 11:41am Jun 12, 2014 11:41am
Quoting ill_be_back
Pending Buy triggered GJ @ 171.299 SL 171.042
You may get a good bounce there buddy but be watchful. UJ cracked the 102 handle and I do believe GU will take out 6800 soon. I'm heavy short the dragon myself but I'll hold for a while now. Targeting 170.31ish

Best wishes bro.
Ghost Rider - WWTBMD?
  • #79,414
  • Jun 12, 2014 11:44am Jun 12, 2014 11:44am
Quoting Zircon
Good luck ill be back, But this is Audusd thread.
lets take a look to weekly TF as guide to next move ,
of course a break above 09461 a warn that the next target 09681 or a bit above?
Attached Image
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #79,415
  • Jun 12, 2014 12:08pm Jun 12, 2014 12:08pm
OK no time to waste.

Sorry Ill be back, just the good buy for that pair is not yet in my eyes.

Move on Z.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #79,416
  • Jun 12, 2014 12:13pm Jun 12, 2014 12:13pm
Quoting albchr
{quote} You may get a good bounce there buddy but be watchful. UJ cracked the 102 handle and I do believe GU will take out 6800 soon. I'm heavy short the dragon myself but I'll hold for a while now. Targeting 170.31ish Best wishes bro.
No bounce, Not waiting for my SL to be hit so i am OUT
Thanks
A good trader follows his rules, but great trader knows when to break them
  • #79,417
  • Edited 1:32pm Jun 12, 2014 12:18pm | Edited 1:32pm
Quoting Hickson
{quote} As you said, AUD/USD spiked down on the news and continued to the upside. I am just very curious what your thinking here is. What kind of experience tells you about these move and how can it be studied? Thanks for any insights!
Hello Hickson
I am not a GURU, Just a student still learning & that was just a lucky guess, But after 3+ yrs of screen time you start making more Right Lucky Guesses than wrong
I read every thing seniors have to say over here, And when they post a trade try to figure out why they place that trade
I read every thing that Ken A, Gator, Magix, Max Doom & other senior member post, Go to history of the chart & see how the price reacted Before the news &
Slowly over time you will get a sense of knowing of how the price will react during current news,
After 3+ yrs I Realised how much I DON'T KNOW,
Stick around & read, read, & read till your mind cannot take any more, Go get some fresh air & comeback & read more
Thanks
GL with your trading
A good trader follows his rules, but great trader knows when to break them
  • #79,418
  • Jun 12, 2014 1:05pm Jun 12, 2014 1:05pm
Quoting ill_be_back
{quote} No bounce, Not waiting for my SL to be hit so i am OUT Thanks


Quoting ill_be_back
{quote} Hello Hickson I am not a GURU, Just a student still learning & that was just a lucky guess, But after 3+ yrs of screen time you star making more Right Lucky Guesses than wrong I read every thing seniors have to say over here, And when they post a trade try to figure out why they place that trade I read every thing that Ken A, Gator, Magix, Max Doom & other senior member post, Go to history of the chart & see how the price reacted Before the news & Slowly over time you will get a sense of knowing of how the price will price will react during...
Ghost Rider - WWTBMD?
  • #79,419
  • Jun 12, 2014 2:19pm Jun 12, 2014 2:19pm
Quoting ill_be_back
{quote} Hello Hickson I am not a GURU, Just a student still learning & that was just a lucky guess, But after 3+ yrs of screen time you start making more Right Lucky Guesses than wrong I read every thing seniors have to say over here, And when they post a trade try to figure out why they place that trade I read every thing that Ken A, Gator, Magix, Max Doom & other senior member post, Go to history of the chart & see how the price reacted Before the news & Slowly over time you will get a sense of knowing of how the price will react during current...
Hi, true. I also read what the experienced traders here have to say. It took me some time to figure out who knows about trading in the midst of all this "I am right and have the biggest balls blablablabla". Before news, the PA often goes into some kind of expectation I think (like the NZD hike rate yesterday). It may spike in the opposite direction, but not necessarily in every pair. NZD for example seems to be quite tame in that way, just pushing in the direction of news from what I have seen. Anyway, you are right. I will continue to educate myself, ask and listen to what the profitable traders here have to say. Happy Trading as well. Time for some evening relaxing. I'll be back!
Fix up, trade sharp ...
  • #79,420
  • Jun 12, 2014 2:33pm Jun 12, 2014 2:33pm
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