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  • Post #84,081
  • Quote
  • Aug 20, 2014 2:59am Aug 20, 2014 2:59am
  •  oztrader79
  • Joined May 2011 | Status: Member | 594 Posts
Quoting RBlackburn
Disliked
Bouncing off that 61.8% fib {image}
Ignored
A strong bounce
 
 
  • Post #84,082
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  • Aug 20, 2014 4:03am Aug 20, 2014 4:03am
  •  surfbeach253
  • | Joined Apr 2013 | Status: Member | 96 Posts
Quoting oztrader79
Disliked
{quote} A strong bounce
Ignored
does that mean a technical buy back followed by a fundamental sell off now?
 
 
  • Post #84,083
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  • Aug 20, 2014 4:39am Aug 20, 2014 4:39am
  •  RBlackburn
  • Joined Dec 2011 | Status: StealingPips | 1,504 Posts
Quoting surfbeach253
Disliked
{quote} does that mean a technical buy back followed by a fundamental sell off now?
Ignored
I wouldn't buy it... i was just commentating, pointing out s/r
 
 
  • Post #84,084
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  • Aug 20, 2014 4:45am Aug 20, 2014 4:45am
  •  surfbeach253
  • | Joined Apr 2013 | Status: Member | 96 Posts
Quoting RBlackburn
Disliked
{quote} I wouldn't buy it... i was just commentating, pointing out s/r
Ignored
I like your reason for using the 5 Min Chart though. lol
 
 
  • Post #84,085
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  • Aug 20, 2014 5:06am Aug 20, 2014 5:06am
  •  RBlackburn
  • Joined Dec 2011 | Status: StealingPips | 1,504 Posts
Quoting surfbeach253
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{quote} I like your reason for using the 5 Min Chart though. lol
Ignored
Haha cheers it's not like i only use 5m idk what's up with that guy lol
 
 
  • Post #84,086
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  • Aug 20, 2014 5:32am Aug 20, 2014 5:32am
  •  oztrader79
  • Joined May 2011 | Status: Member | 594 Posts
I've closed my shorts now, price is stalling around .9288 . I think it may retrace (there is a pin bar on the 4hr chart just formed) before heading further down, but I would rather lock in profits now before FOMC minutes are released - they could send the markets either way.
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  • Post #84,087
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  • Aug 20, 2014 6:27am Aug 20, 2014 6:27am
  •  InsiderFX
  • | Joined May 2013 | Status: Member | 67 Posts
Here is my view on Daily chart. In my opinion, we are going down down down

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  • Post #84,088
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  • Aug 20, 2014 6:57am Aug 20, 2014 6:57am
  •  surfbeach253
  • | Joined Apr 2013 | Status: Member | 96 Posts
Quoting oztrader79
Disliked
I've closed my shorts now, price is stalling around .9288 . I think it may retrace (there is a pin bar on the 4hr chart just formed) before heading further down, but I would rather lock in profits now before FOMC minutes are released - they could send the markets either way. {image}
Ignored
similar pin bar on 25 & 30 July but that did not stop it falling, FOMC may, let's see.
 
 
  • Post #84,089
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  • Aug 20, 2014 7:07am Aug 20, 2014 7:07am
  •  oztrader79
  • Joined May 2011 | Status: Member | 594 Posts
Quoting surfbeach253
Disliked
{quote} similar pin bar on 25 & 30 July but that did not stop it falling, FOMC may, let's see.
Ignored
Yes, I will probably look to get back in at a better price.
 
 
  • Post #84,090
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  • Aug 20, 2014 7:15am Aug 20, 2014 7:15am
  •  HelloOz
  • | Joined Oct 2012 | Status: sutatS | 3,461 Posts
Quoting HelloOz
Disliked
This could be one of the reasons why AUD is not going down... EA H4 chart, {image}
Ignored
Update,
EA break another channel..
how low can she go? 1.42 ??
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  • Post #84,091
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  • Aug 20, 2014 3:26pm Aug 20, 2014 3:26pm
  •  ShanghaiMoon
  • | Commercial Member | Joined May 2014 | 198 Posts
AUDUSD setting up for perfect short. FOMC was bullish for USD so we could see a nice drift south from here. Expecting to be a smooth ride till 92.00
Luck is what happens when preparation meets opportunity
 
 
  • Post #84,092
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  • Aug 20, 2014 3:40pm Aug 20, 2014 3:40pm
  •  oztrader79
  • Joined May 2011 | Status: Member | 594 Posts
Back in, short.
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  • Post #84,093
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  • Aug 20, 2014 4:57pm Aug 20, 2014 4:57pm
  •  thegmann
  • | Joined Jun 2014 | Status: Member | 1,240 Posts
tankkk you sob tankkkk
 
 
  • Post #84,094
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  • Aug 20, 2014 5:19pm Aug 20, 2014 5:19pm
  •  smash1820
  • Joined Jul 2011 | Status: Winning | 1,859 Posts
Quoting HelloOz
Disliked
Mr Bragger.. closed so fast???? are you making money? I bet your demo is making money for ya. {image}
Ignored
Not trying to brag at all. I am taking a hiatus from trading until I figure sht out, clear my head, get a job, some stable income, and a normal mental state.

I am not really in the state to be trading, but I've been known to push my luck. My discipline sucks. Everything about my trading sucks. I know I could make it work if I really tried, but it's hard trading with money "you can't afford to lose", and I smoke too much pot, drink too much alcohol, sleep too much, play poker and gamble too much, and never check the FF calendar.

If it weren't for my severe lack of discipline, greed, and impatience, I'm sure I would already have made it by now. These are all reasons why I want to get this EA written, but that's not going to happen overnight, either.

I'll be back when I actually have something to prove to you guys... Until then, bye.
Please check out my blog at https://from-zero-to-hero . net
 
 
  • Post #84,095
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  • Aug 20, 2014 5:54pm Aug 20, 2014 5:54pm
  •  ShanghaiMoon
  • | Commercial Member | Joined May 2014 | 198 Posts
Quoting thegmann
Disliked
tankkk you sob tankkkk
Ignored
gotta give it time brother, not likely to see any big moves down till london probably, could maybe start during tokyo session but these hours are usually pretty dull. The good thing about these hours though is they are perfect time to get set up into trade.
Luck is what happens when preparation meets opportunity
 
 
  • Post #84,096
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  • Aug 20, 2014 6:03pm Aug 20, 2014 6:03pm
  •  oztrader79
  • Joined May 2011 | Status: Member | 594 Posts
Quoting smash1820
Disliked
{quote} I know I could make it work if I really tried, but it's hard trading with money "you can't afford to lose", and I smoke too much pot, drink too much alcohol, sleep too much, play poker and gamble too much, and never check the FF calendar. I
Ignored

These are all a recipe for disaster in trading. Good trading is an extension of a relaxed, clear mind free of tension and stress. I've made similar mistakes. At least you realise it, can work on it, then come back when you're in the right mind frame.

good luck.
 
 
  • Post #84,097
  • Quote
  • Aug 20, 2014 6:04pm Aug 20, 2014 6:04pm
  •  thegmann
  • | Joined Jun 2014 | Status: Member | 1,240 Posts
Quoting ShanghaiMoon
Disliked
{quote} gotta give it time brother, not likely to see any big moves down till london probably, could maybe start during tokyo session but these hours are usually pretty dull. The good thing about these hours though is they are perfect time to get set up into trade.
Ignored
yeah I know haha going to take some time I was just trying to encourage it a bit . I didn't get in at that good of a spot but im up about 8-9 pips right now holding for awhile though as I see the au very weak right now and a strengthening dollar.
 
 
  • Post #84,098
  • Quote
  • Aug 20, 2014 6:05pm Aug 20, 2014 6:05pm
  •  oztrader79
  • Joined May 2011 | Status: Member | 594 Posts
Quoting thegmann
Disliked
{quote} yeah I know haha going to take some time I was just trying to encourage it a bit . I didn't get in at that good of a spot but im up about 8-9 pips right now holding for awhile though as I see the au very weak right now and a strengthening dollar.
Ignored

Chinese data coming up in a few hours may well be the catalyst.
 
 
  • Post #84,099
  • Quote
  • Aug 20, 2014 6:10pm Aug 20, 2014 6:10pm
  •  RitalinFX
  • | Joined Aug 2011 | Status: Member | 15 Posts
Quoting smash1820
Disliked
{quote}. Everything about my trading sucks. I know I could make it work if I really tried and I smoke too much pot, drink too much alcohol, sleep too much, play poker and gamble too much, and never check the FF calendar. If it weren't for my severe lack of discipline, greed, and impatience, I'm sure I would already have made it by now.
Ignored
I can relate to that. I was exactly the same. I cannot trade high or drunk.. it doesnt work for me no matter how good my analysis was, i would always deviate from it due to impatience and lack of discipline and so i took a break from forex.. but that didnt fix anything. I still hated my habits..In the end i had to make a choice.. and i chose Forex because that was the way forward. Stop procrastinating and take a stand.
 
 
  • Post #84,100
  • Quote
  • Aug 20, 2014 8:29pm Aug 20, 2014 8:29pm
  •  RBlackburn
  • Joined Dec 2011 | Status: StealingPips | 1,504 Posts
Still struggling to close below that 61.8% fib @ 0.9279
If we do... the next stop will be today's S1 @ 0.9267 - briefly

And then S2 @ 0.9225
Attached Image (click to enlarge)
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Size: 67 KB
 
 
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