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AUD/USD

  • #79,861
  • Edited 6:09pm Jun 17, 2014 1:51pm | Edited 6:09pm
Friends are definitely better than enemies.... how about a cupcake?
  • #79,862
  • Edited 4:43pm Jun 17, 2014 2:01pm | Edited 4:43pm
Quoting nealpek
exactly!!! by the book!!!! do you really believe the pros, wolves etc, are waiting for 'convergence of the lower portion of the daily demand zone, the value area high, the daily trend channel, and the lol, 987% fib extension of the abc swing, then waiting for a 'no supply' vsa setup? REALLY? If it works for you, i'm happy for you, but its naive to think its 'williams' way or the highway!!! don't you think? i happen to think your demand area is in the wrong place, but that's my opinion!!

I have deleted the previous remarks, Rocky!
  • #79,863
  • Edited 6:10pm Jun 17, 2014 2:13pm | Edited 6:10pm
market profile is an excellent tool...
  • #79,864
  • Jun 17, 2014 2:24pm Jun 17, 2014 2:24pm
shouldn't get caught up in this nonsense, and i'm sorry if i offended anyone. i'm not here to argue with anyone, this should be a happy place.
last point, and i won't be arguing with anyone again. this is for Rocky. Ninjatrader sim account says 'sim 101' when in sim mode. i can only show you the 1st digit for security... the letter 'U' on the right side of the screen is the 1st letter of my brokerage account. anybody using NT will know.
Attached Image (click to enlarge)
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  • #79,865
  • Jun 17, 2014 2:28pm Jun 17, 2014 2:28pm
I'm expecting the big round number at 0.9300 been short from 0.9424

I read some guys about inflows and outflows (or strenght or weakening), just my POV is true that there is carry and flows should be going in into the AUD but the thing is the market anticipates when the carries start to close (so from there the AUD is weakening) flow start to get out, this is what should happen in AUD / USD from what we know now (rates in US are going up no one knows when but everyday we are closer by the day) and AUD rates are flat or maybe going down AFAIK.

Then you have the macro of AUD or commodity producers that they are slowing, that is why i expect it to go down (depends on data and what CB say).

Then after in somewhat clear about economic direction i like to use TA to trade the pairs i like to be on the longer term side of the trades.

Regards
  • #79,866
  • Jun 17, 2014 2:50pm Jun 17, 2014 2:50pm
Quoting nealpek
shouldn't get caught up in this nonsense, and i'm sorry if i offended anyone. i'm not here to argue with anyone, this should be a happy place. last point, and i won't be arguing with anyone again. this is for Rocky. Ninjatrader sim account says 'sim 101' when in sim mode. i can only show you the 1st digit for security... the letter 'U' on the right side of the screen is the 1st letter of my brokerage account. anybody using NT will know. {image}
I am also here not to argue, I enjoy showing charts as other know who have visited my thread. However, not understanding how the Institutions interact within a market will drain your account. The Market Profile is used in many of the trading firms who don't rely on machines to place their trades. The proper use of Market Profile will have you trading along side the Institutions. Back on 4/10/13 I showed my thread the results (statement) of a method that I pain mistakenly worked on for years. Market Profile was used, the results will speak for themselves. If you look on the bottom right side of the post you will notice that it's a real account and the account # and the brokers name "Dorman" Is partially covered up.

http://www.forexfactory.com/attachme...3&d=1365625717
  • #79,867
  • Jun 17, 2014 3:00pm Jun 17, 2014 3:00pm
Rocky, i only wish you and all of the traders here, lots of success, maybe in the future we can share some tips with each other!
  • #79,868
  • Jun 17, 2014 3:03pm Jun 17, 2014 3:03pm
Quoting rocky
{quote} I am also here not to argue, I enjoy showing charts as other know who have visited my thread. However, not understanding how the Institutions interact within a market will drain your account. The Market Profile is used in many of the trading firms who don't rely on machines to place their trades. The proper use of Market Profile will have you trading along side the Institutions. Back on 4/10/13 I showed my thread the results (statement) of a method that I pain mistakenly worked on for years. Market Profile was used, the results will speak...
Rocky,
These friends do not know you. Your method is the real deal. They should keep studying your old thread and digest every chart.
  • #79,869
  • Jun 17, 2014 3:16pm Jun 17, 2014 3:16pm
Quoting rocky
{image}
I have 92691 as next low
A good trader follows his rules, but great trader knows when to break them
  • #79,870
  • Jun 17, 2014 3:56pm Jun 17, 2014 3:56pm
Quoting rocky
{quote} Grasshopper, you have a lot to learn. I have traded with Institutions in NYC. One of the most used tools is Market Profile. Study my thread that I closed and you might learn how to trade like an Institution, In the mean time If I were you I would close that long you have on you Demo account before you get stop out, Rocky.
Nealpek, do you have demo account? I can't see it.... Are you with the long side?
The good thing with the future is that it is progressively approaching...
  • #79,871
  • Jun 17, 2014 4:02pm Jun 17, 2014 4:02pm
Just closed half my short, didn't have enough patience.

Waitting with the other half to reach 0.93000 and positive stop loss.

Love to see the harmonic trade patterns you guys post, i'm starting to believe in them
  • #79,872
  • Jun 17, 2014 4:16pm Jun 17, 2014 4:16pm
Quoting spinozagr
{quote} Nealpek, do you have demo account? I can't see it.... Are you with the long side?
no ,i don't trade a demo account. all my trades are live real postings... and yes i am currently long, with a sell stop below and a sell limit above..
  • #79,873
  • Jun 17, 2014 4:20pm Jun 17, 2014 4:20pm
Quoting nealpek
{quote} no ,i don't trade a demo account. all my trades are live real postings... and yes i am currently long, with a sell stop below and a sell limit above..
So where did rocky find that you are long and you have to close this demo trade?
The good thing with the future is that it is progressively approaching...
  • #79,874
  • Jun 17, 2014 4:25pm Jun 17, 2014 4:25pm
I am also long...there was a bullish abcd pattern formation before 10 hours ago that is still valid...has not broken and that's is very promising I think...

let's see
gl
venceremos
The good thing with the future is that it is progressively approaching...
  • #79,875
  • Jun 17, 2014 4:30pm Jun 17, 2014 4:30pm
Rocky said these things because he was a little angry with me. he could see i had a stop loss below price and a sell limit above.
the 2 blue boxes on my chart are what i see as demand zones, and Rocky did not agree, that's why he said what he said.. no harm done!
good luck with the trade...
  • #79,876
  • Jun 17, 2014 5:17pm Jun 17, 2014 5:17pm
Quoting nealpek
are you sure about that? appears that your Daily demand zone coincides with my hourly demand zones!! you know, fractals... if it heads south from here i'll scratch the trade, maybe 3-4 pips loss, but its a good level... {image}
So basically if it enters the demand zones is that an indication to go long? And supply level is to go short?
  • #79,877
  • Jun 17, 2014 5:42pm Jun 17, 2014 5:42pm
What happened hehe

"My grandma was the sexiest woman,........."

Who have the decency to argue about that
  • #79,878
  • Jun 17, 2014 5:51pm Jun 17, 2014 5:51pm
Quoting Hickson
{quote} Do you demand it? I think I will. What can a whore demand more than money? Edit: Want to short E/A soon. A pullback to 1.46 is not off the table though.
Do nothing now. Everyone is in waiting mode.

As per my reliable source below, it will pullback but tell no one.

Attached Image
  • #79,879
  • Jun 17, 2014 5:52pm Jun 17, 2014 5:52pm
Quoting Arman_A
{quote} So basically if it enters the demand zones is that an indication to go long? And supply level is to go short?
ABSOLUTELY
  • #79,880
  • Jun 17, 2014 6:08pm Jun 17, 2014 6:08pm
Quoting Ken A
{quote} Do nothing now. Everyone is in waiting mode. As per my reliable source below, it will pullback but tell no one. {image}
My Source is prettier

http://rlv.zcache.com/crystal_ball_p..._8byvr_324.jpg
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