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AUD/USD

  • #79,761
  • Jun 16, 2014 10:45pm Jun 16, 2014 10:45pm
So you really believe are making the right decision based on iron ore price from CME Futures?
  • #79,762
  • Jun 16, 2014 10:51pm Jun 16, 2014 10:51pm
running 8 shorts
Most likely will close all in profit at 9350
In trading, you have to be defensive and aggressive at the same time
  • #79,763
  • Jun 16, 2014 10:56pm Jun 16, 2014 10:56pm
As expected ! rally unsustainable !

Also guys, did you notice that AUD going up only 2 first weeks every month and last 2 weeks side and down.

Very stable pattern.

I expecting this game. Today and Tomorrow going down to Yellen announcement, Thursday Up .
  • #79,764
  • Jun 16, 2014 10:58pm Jun 16, 2014 10:58pm
Bull S
  • #79,765
  • Jun 16, 2014 11:06pm Jun 16, 2014 11:06pm
Quoting SydneyGuru
As expected ! rally unsustainable ! Also guys, did you notice that AUD going up only 2 first weeks every month and last 2 weeks side and down. Very stable pattern. I expecting this game. Today and Tomorrow going down to Yellen announcement, Thursday Up .
Sooner you get over that mentality healthier your account will be.
Even though I am short in large positions I would not say "rally unsustainable"

EU was "unsustainable" from 36 but it went 39+
You just can't think like that in forex
In trading, you have to be defensive and aggressive at the same time
  • #79,766
  • Jun 16, 2014 11:27pm Jun 16, 2014 11:27pm
Quoting Matts Micro
{quote} Ok thanks. I was watching usdchf and gbpusd too and was surprised to see moves that were obviously offset by the others moving. I didn't know it had so much behind it. Cheers.
Did you close E/A short? I decided to close the long and keep the short open and added another short at 1.449x. Got few pips from A/U short scalp for the policy.
  • #79,767
  • Jun 16, 2014 11:46pm Jun 16, 2014 11:46pm
Formation of bulish abcd formation + stoch

Long with a tight sl
Attached Image (click to enlarge)
Click to Enlarge Name: CK3mx8x.png Size: 62 KB
The good thing with the future is that it is progressively approaching...
  • #79,768
  • Jun 16, 2014 11:49pm Jun 16, 2014 11:49pm
Quoting Ken A
{quote} Did you close E/A short? I decided to close the long and keep the short open and added another short at 1.449x. Got few pips from A/U short scalp for the policy.
I am still open. I figured the purpose of this trade is prove myself correct from my initial analysis. Too often I open these trades and kick myself later for not letting them run their course. It will be disappointed if I have to close at b.e. though

I thought about adding too at this level but figure I have enough risk on atm (+ other trades).
As the lights go by so too do the shadows move
  • #79,769
  • Jun 16, 2014 11:55pm Jun 16, 2014 11:55pm
Quoting Matts Micro
{quote} I am still open. I figured the purpose of this trade is prove myself correct from my initial analysis. Too often I open these trades and kick myself later for not letting them run their course. It will be disappointed if I have to close at b.e. though I thought about adding too at this level but figure I have enough risk on atm (+ other trades).
Have to admit targeting 500 - 1,000 pips from a single trade is very difficult too many things to watch but having few scalps for the same instrument makes it easier and not feeling so dumb for being wrong.

Things that could damage this new E/A short are the UK CPI and German Zew if both came out better than expected.
  • #79,770
  • Jun 16, 2014 11:58pm Jun 16, 2014 11:58pm
Gold giving me a royal bitch slap atm, straight down
As the lights go by so too do the shadows move
  • #79,771
  • Jun 17, 2014 12:04am Jun 17, 2014 12:04am
Quoting Ken A
{quote} Have to admit targeting 500 - 1,000 pips from a single trade is very difficult too many things to watch but having few scalps for the same instrument makes it easier and not feeling so dumb for being wrong. Things that could damage this new E/A short are the UK CPI and German Zew if both came out better than expected.
Thanks for that. My fundies are still lacking so I am still looking into the crystal ball of my charts

I have being scalping up till recently too but lately being using medium term trades and they are providing better results. I still throw a couple of scalps in there though.
As the lights go by so too do the shadows move
  • #79,772
  • Jun 17, 2014 12:21am Jun 17, 2014 12:21am
Quoting spinozagr
Formation of bulish abcd formation + stoch Long with a tight sl {image}
Time frame matters
What looks bullish on 30min looks Bearish on H4 and daily
If you zoom out on Stock you'll see its tilting bearish same on CCI and RSI

Larger harmonic pattern
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.h4.png Size: 57 KB
In trading, you have to be defensive and aggressive at the same time
  • #79,773
  • Jun 17, 2014 12:28am Jun 17, 2014 12:28am
Quoting Davit
{quote} Time frame matters What looks bullish on 30min looks Bearish on H4 and daily If you zoom out on Stock you'll see its tilting bearish same on CCI and RSI
thats for sure...

However, In my eyes, the 1hr tf is better indicator from bigger tfs... because i am not long time trader...

in any case, as you implied, everything is relative

Venceremos
The good thing with the future is that it is progressively approaching...
  • #79,774
  • Jun 17, 2014 12:46am Jun 17, 2014 12:46am
closed all my 8 shorts on AU at 9352
+170pips
In trading, you have to be defensive and aggressive at the same time
  • #79,775
  • Jun 17, 2014 1:07am Jun 17, 2014 1:07am
Quoting Davit
{quote} Time frame matters What looks bullish on 30min looks Bearish on H4 and daily If you zoom out on Stock you'll see its tilting bearish same on CCI and RSI Larger harmonic pattern {image}
Nice move

IMO, daily timeframes always overpowers the smaller timeframes when talking about Harmonic Patterns.
Follow me at andrewfx2020 (dot) com
  • #79,776
  • Jun 17, 2014 2:01am Jun 17, 2014 2:01am
Quoting Matts Micro
{quote} I am still open. I figured the purpose of this trade is prove myself correct from my initial analysis. Too often I open these trades and kick myself later for not letting them run their course. It will be disappointed if I have to close at b.e. though I thought about adding too at this level but figure I have enough risk on atm (+ other trades).
I closed the fresh short and open longs. Looks like A/U is going to .9280 - could be wrong though.
  • #79,777
  • Jun 17, 2014 2:02am Jun 17, 2014 2:02am
Quoting Ken A
{quote} I closed the fresh short and open longs. Looks like A/U is going to .9280 - could be wrong though.
With you here, i have TP set for 9273. Would probably look to add to shorts if it goes back to 9378.
  • #79,778
  • Jun 17, 2014 2:09am Jun 17, 2014 2:09am
Quoting Ck87
{quote} With you here, i have TP set for 9273. Would probably look to add to shorts if it goes back to 9378.
I don't have fresh A/U other than old long from .87x. I watch A/U to trade EUR/AUD.

Only one short scalp earlier for A/U waiting for monetary policy minutes

Attached Image
  • #79,779
  • Jun 17, 2014 2:11am Jun 17, 2014 2:11am
Quoting Ken A
{quote} I don't have fresh A/U other than old long from .87x. I watch A/U to trade EUR/AUD.
Ah, yeah still long EA as well from 1.44, no TP for now.
  • #79,780
  • Jun 17, 2014 2:12am Jun 17, 2014 2:12am
double bullish abcd pattern...

move my sl = 0,93518 (R 1:1)

lets see

venceremos
Attached Image (click to enlarge)
Click to Enlarge Name: 9zsBqfW.png Size: 65 KB
The good thing with the future is that it is progressively approaching...
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