Attachments: AUD/USD

AUD/USD

#80,521
Jun 24, 2014 7:41am Jun 24, 2014 7:41am

Fx_Anil
Joined Jul 2013 | Status: Trader | 1,738 Posts

USD started strengthening against majority of its counterparts. The Aussie broke ascending trend line support on H1 Chart, signaling towards, 0.9375 and 0.9365-0.9360 region. On the upside, 0.9405 and 0.9415 can become immediate resistances.

Attached Image (click to enlarge)

Click to Enlarge

Name: audusdh1.png
Size: 40 KB

#80,522
Jun 24, 2014 8:13am Jun 24, 2014 8:13am

nealpek
Joined Feb 2011 | Status: Trader | 1,405 Posts

good morning y'all(my time), nice to wake up to 60ish pips!!
Ken, i still like smelly finger....
anybody have some real supply and demand zones to show, or just ma's and trendline breaks>>

#80,523
Jun 24, 2014 8:25am Jun 24, 2014 8:25am

nealpek
Joined Feb 2011 | Status: Trader | 1,405 Posts

just checked on the bullshitorometer, and guess what?
there is a hot steaming pile of fresh excrement due out at 10. Where will this take us.
stay tuned.Same bat time....same bat channel!

#80,524
Jun 24, 2014 8:32am Jun 24, 2014 8:32am

mkuefne
| Joined Sep 2013 | Status: Trader | 103 Posts

Quoting Ken A

Disliked

I can avoid using stops entirely by adjusting the size like 3,000 or 5,000 pips per 1% of equity change. But I am not good at waiting for the price to comeback and it's visually disturbing and prefer instant gratification lol

Ignored

Hi Ken, as I am a big fan of you I would like to understand how exactly your trading system works. What do you mean with "by adjusting the size like 3,000 or 5,000 pips per 1% of equity change"? Thanks in advance! Michael

#80,525
Jun 24, 2014 8:42am Jun 24, 2014 8:42am

Ken A
Joined Jun 2012 | Status: ケンジ | 21,416 Posts

Quoting mkuefne

Disliked

{quote} Hi Ken, as I am a big fan of you I would like to understand how exactly your trading system works. What do you mean with "by adjusting the size like 3,000 or 5,000 pips per 1% of equity change"? Thanks in advance! Michael

Ignored

Say, account size is $100K (100% equity).

1 standard lot (100,000 units) for XXX/USD pairs;

1 lot = $10/pip, 100 pips = $1K = 1% of equity.

0.1 lot = $1/pip, 100 pips = $100 = 0.1%

3,000 pips x 0.03 lot = 1%
5,000 pips x 0.02 lot = 1%

Yea I think that's about right.

#80,526
Jun 24, 2014 8:59am Jun 24, 2014 8:59am

nealpek
Joined Feb 2011 | Status: Trader | 1,405 Posts

i'm so excited.....

#80,527
Jun 24, 2014 9:00am Jun 24, 2014 9:00am

nealpek
Joined Feb 2011 | Status: Trader | 1,405 Posts

oh oh!! some good excrement!!! buy limits on standby....

#80,528
Jun 24, 2014 9:10am Jun 24, 2014 9:10am

atx_sonu
Joined Jul 2013 | Status: Trader | 82 Posts

back to previous buy order which i missed by few pips on monday @9370... hmmmm

#80,529
Jun 24, 2014 9:12am Jun 24, 2014 9:12am

albchr
Joined Mar 2009 | Status: Trader | 25,480 Posts

That's the way we like it. Nice and slow see. Let's see if it can get through.

Attached Image (click to enlarge)

Click to Enlarge

Name: audusdmh1.png
Size: 67 KB

Ghost Rider - WWTBMD?

#80,530
Jun 24, 2014 9:14am Jun 24, 2014 9:14am

Ken A
Joined Jun 2012 | Status: ケンジ | 21,416 Posts

I miss the boat for A/U

But in U/J

#80,531
Jun 24, 2014 9:17am Jun 24, 2014 9:17am

Davit
Joined Feb 2012 | Status: Trader | 21,377 Posts

closed all my 8 shorts on Aussie
at 9376
+216pips

In trading, you have to be defensive and aggressive at the same time

#80,532
Jun 24, 2014 9:18am Jun 24, 2014 9:18am

nealpek
Joined Feb 2011 | Status: Trader | 1,405 Posts

could be a turning point, but look out below.....sorry for my messy chart...so many rectangles..

Attached Image (click to enlarge)

Click to Enlarge

Name: Screenshot1.png
Size: 25 KB

#80,533
Jun 24, 2014 9:20am Jun 24, 2014 9:20am

Matts Micro
Joined Aug 2011 | Status: Trader | 4,956 Posts

Quoting TheMadMonk

Disliked

{quote} Hey man. In the image, you had a descending trendline that is support turned resistance. Did you know that that trend line pretty much goes right back to the all time high a few years ago? Try it out for yourself. Reckon that from a TA point of view, it might explain why price is stalling the way it has been since as far as lines go, it looks a bit important.

Ignored

Imo I think most TL's can probably be traced back to major price movements, hence why it's a TL creating S&R zones.

Price has just have touched the top of my demand zone. EA should be at top its range too (hoping) or I will have to close my lt short for a trend change.

As the lights go by so too do the shadows move

#80,534
Jun 24, 2014 9:29am Jun 24, 2014 9:29am

WaylDz
| Joined Dec 2013 | Status: Trader | 74 Posts

Quoting albchr

Disliked

That's the way we like it. Nice and slow see. Let's see if it can get through. {image}

Ignored

let's enjoy the party friiiend , we'll see a big down in the next few days

#80,535
Jun 24, 2014 9:32am Jun 24, 2014 9:32am

nealpek
Joined Feb 2011 | Status: Trader | 1,405 Posts

Quoting Matts Micro

Disliked

{quote} Imo I think most TL's can probably be traced back to major price movements, hence why it's a TL creating S&R zones. Price has just have touched the top of my demand zone. EA should be at top its range too (hoping) or I will have to close my lt short for a trend change.

Ignored

last piece of advice, then just fun posts...
you heard it hear folks! if you want to use TL's, thats great, however, TL's DON'T create s&r, supply and demand does.
I'll bet that if you straight line to the left of price, a TL touch(s&r) actually fell into a supply or demand zone...food for thought, huh?
remember, if you follow bad information, your results follow suit

#80,536
Jun 24, 2014 9:42am Jun 24, 2014 9:42am

albchr
Joined Mar 2009 | Status: Trader | 25,480 Posts

Quoting Ken A

Disliked

I miss the boat for A/U But in U/J

Ignored

A nice ride.

Still fighting 102 handle though. Think it may go this time.

Ghost Rider - WWTBMD?

#80,537
Jun 24, 2014 9:45am Jun 24, 2014 9:45am

albchr
Joined Mar 2009 | Status: Trader | 25,480 Posts

Quoting nealpek

Disliked

{quote} last piece of advice, then just fun posts... you heard it hear folks! if you want to use TL's, thats great, however, TL's DON'T create s&r, supply and demand does. I'll bet that if you straight line to the left of price, a TL touch(s&r) actually fell into a supply or demand zone...food for thought, huh? remember, if you follow bad information, your results follow suit

Ignored