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AUD/USD

  • #81,181
  • Edited 10:04am Jun 30, 2014 9:51am | Edited 10:04am
DATA release, S&R, FIBS, Clock, Is All U Need
A good trader follows his rules, but great trader knows when to break them
  • #81,182
  • Jun 30, 2014 9:54am Jun 30, 2014 9:54am
Quoting nealpek
The point is, all territory in forex is unfamiliar as prices change every minute and rarely repeats itself exactly. absolutely true. no two groupings of price action ever look the same exactly, when entering a demand zone. That's why relying on a pattern or what price action looks like, rarely works. the action will look different and unfamiliar each time theses 'decision' points, or changes in direction occur. this is why the 'look' of price action isn't very important. Where it occurs, IS!
Perhaps you needed to put "imo" in there because when you know what the territory looks like it becomes the same as every other neighborhood and if it rarely worked I wouldn't bother trading it but I do and profitably.

Examples: The first is a post in the EU where I highlighted the sign posts in the EU thread including where PA went after that post.
The second is GU that I traded today.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd #32 H&S eg.jpg Size: 169 KB
Click to Enlarge Name: eurusd #32 H&S full move.png Size: 47 KB
Click to Enlarge Name: gbpusd #1.png Size: 55 KB
Click to Enlarge Name: gbpusd #2.png Size: 50 KB
As the lights go by so too do the shadows move
  • #81,183
  • Edited 10:16am Jun 30, 2014 10:01am | Edited 10:16am
Quoting Matts Micro
{quote} Perhaps you needed to put "imo" in there because when you know what the territory looks like it becomes the same as every other neighborhood and if it rarely worked I wouldn't bother trading it but I do and profitably. Examples: The first is a post in the EU where I highlighted the sign posts in the EU thread including where PA went after that post. The second is GU that I traded today. {image} {image} {image} {image}
OK, IMO. i never said that your style can't be successful, if it works for you, excellent. All i've been pointing out is that all the blah blah about where its gonna go, is basically just wishful thinking...
while everyone was discussing which way it was gonna go and why, i entered a trade based on what i saw, without any maybe this or maybe that, and it was a successful trade. maybe all the blah blah doesn't hold that much 'significance', IMO...
these threads would be a lot more interesting if people posted possible turning points and why... that would be a lot more exciting...
  • #81,184
  • Jun 30, 2014 10:08am Jun 30, 2014 10:08am
I am hungry ......

PA is not movin
  • #81,185
  • Jun 30, 2014 10:13am Jun 30, 2014 10:13am
Quoting Ken A
I am hungry ...... PA is not movin
Next pending Short EA @ 1.4541 Another @ 1.4552
A good trader follows his rules, but great trader knows when to break them
  • #81,186
  • Jun 30, 2014 10:15am Jun 30, 2014 10:15am
Quoting nealpek
{quote} OK, IMO. i never said that your style can't be successful, if it works for you, excellent. All i've been pointing out is that all the blah blah about where its gonna go, is basically just wishful thinking... while everyone was discussing which way it was gonna go and why, i entered a trade based on what i saw, without any maybe this or maybe that, and it was a successful trade.
Congrats. My point hasn't been to prove you wrong but merely to show you that when I look at a chart it is easy for me to see patterns including S&D S/R etc. If you have found good levels I am sure it is because you worked for them and was either taught them or worked them out for yourself so it was the initial chart study. It's the same with most of us I think, some have S&D zones others have a system like I'll_Be_Back mentioned with his, and VaBikerPacker mentioned he knows what he is looking for too. BUT coming a full circle I think we all would of worked it out by familising ourselves with PA and how it behaves.
As the lights go by so too do the shadows move
  • #81,187
  • Jun 30, 2014 10:18am Jun 30, 2014 10:18am
Here comes Gold again.
As the lights go by so too do the shadows move
  • #81,188
  • Jun 30, 2014 10:19am Jun 30, 2014 10:19am
Quoting ill_be_back
{quote} Next pending Short EA @ 1.4541 Another @ 1.4552
I have this as target zone for E/U probably E/A short can't go far

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 11 KB
  • #81,189
  • Jun 30, 2014 10:20am Jun 30, 2014 10:20am
Quoting Matts Micro
{quote} Congrats. My point hasn't been to prove you wrong but merely to show you that when I look at a chart it is easy for me to see patterns including S&D S/R etc. If you have found good levels I am sure it is because you worked for them and was either taught them or worked them out for yourself so it was the initial chart study. It's the same with most of us I think, some have S&D zones others have a system like I'll_Be_Back mentioned with his, and VaBikerPacker mentioned he knows what he is looking for too. BUT coming a full circle I think we...
i agree with everything you said, and i too wasn't trying to prove you wrong...
  • #81,190
  • Jun 30, 2014 10:21am Jun 30, 2014 10:21am
Quoting Matts Micro
Here comes Gold again.
Should reach at least 1320 imo but I think it should go for the full BO on this step up, again imo.
As the lights go by so too do the shadows move
  • #81,191
  • Jun 30, 2014 10:28am Jun 30, 2014 10:28am
It sure seems across the board like the dollar is about to have a heck of a party..
"Holy Grail" exists - accepting where is the first step.
  • #81,192
  • Jun 30, 2014 10:29am Jun 30, 2014 10:29am
Quoting nealpek
{quote} i agree with everything you said, and i too wasn't trying to prove you wrong...
It's just a healthy discussion
As the lights go by so too do the shadows move
  • #81,193
  • Edited 10:42am Jun 30, 2014 10:30am | Edited 10:42am
Quoting Ken A
{quote} I have this as target zone for E/U probably E/A short can't go far {image}
This is for before the News Tonite
A good trader follows his rules, but great trader knows when to break them
  • #81,194
  • Jun 30, 2014 10:42am Jun 30, 2014 10:42am
Quoting Matts Micro
{quote} Should reach at least 1320 imo but I think it should go for the full BO on this step up, again imo.
Watching the yellow weekly TL for a break (excuse my crappy trade at a top, was kicking myself for that lol).
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd #2.jpg Size: 190 KB
As the lights go by so too do the shadows move
  • #81,195
  • Jun 30, 2014 10:49am Jun 30, 2014 10:49am
Quoting rocky
{image}
Better for your health though
Fix up, trade sharp ...
  • #81,196
  • Jun 30, 2014 10:49am Jun 30, 2014 10:49am
Quoting Matts Micro
{quote} Watching the yellow weekly TL for a break (excuse my crappy trade at a top, was kicking myself for that lol). {image}
Look at the bright side

Attached Image (click to enlarge)
Click to Enlarge Name: xauusd #2.jpg Size: 198 KB
  • #81,197
  • Jun 30, 2014 10:53am Jun 30, 2014 10:53am
maybe time for a little afternoon 'boom boom'... would be nice...the fib was just for entertainment purposes that i never posted,
please, i beg your forgiveness oh trading gods... lol
Attached Image (click to enlarge)
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  • #81,198
  • Jun 30, 2014 10:57am Jun 30, 2014 10:57am
Quoting Ken A
{quote} Look at the bright side {image}
Lol nice view!. Ima do that with all my charts! (Though don't know if your being racist to us Aussies down under )
As the lights go by so too do the shadows move
  • #81,199
  • Jun 30, 2014 11:01am Jun 30, 2014 11:01am
AU should follow....
As the lights go by so too do the shadows move
  • #81,200
  • Jun 30, 2014 11:02am Jun 30, 2014 11:02am
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