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AUD/USD

  • #85,621
  • Oct 22, 2014 10:45am Oct 22, 2014 10:45am
Quoting benaiah
{quote} FX-O, not offense, but not sure how this helps, we'd need a 200 pip SL to go long right now, with what target? 90? That's only 200 pip gain. So, a R:R: of 1:1. Doesn't sound appealing...
Dear Benaiah:

Thank you for your feed back and opinion. Please note that after 10 years of trading Forex and losing a lot of money I found out this is the only way to make money in the market. By the way, I am not using any stop loss.
  • #85,622
  • Oct 22, 2014 10:48am Oct 22, 2014 10:48am
Quoting Fx-opinion
{image} Guys, just look at this beautiful weekly chart. I do not need to say anything. The chart itself is telling you where it wants to go. I hope now you understand why.............
I believe most in here are intraday traders, weekly vs daily has a ton of factors that kick in and you simply can't go by weekly for a daily forecast, that would be tad stupid. I'd look at what banks are doing if you're going weekly.
  • #85,623
  • Oct 22, 2014 10:52am Oct 22, 2014 10:52am
Quoting Fx-opinion
{quote} Dear Benaiah: Thank you for your feed back and opinion. Please note that after 10 years of trading Forex and losing a lot of money I found out this is the only way to make money in the market. By the way, I am not using any stop loss.
No SL. Okay, good for you. Not good for me. Thank you for YOUR opinion
  • #85,624
  • Oct 22, 2014 10:52am Oct 22, 2014 10:52am
Quoting fxtradeabi
{quote} I believe most in here are intraday traders, weekly vs daily has a ton of factors that kick in and you simply can't go by weekly for a daily forecast, that would be tad stupid. I'd look at what banks are doing if you're going weekly.

Dear fxtradeeabi:

Please see my previous posts. I am not suggesting that you should go long. What I am trying to show you is the direction of the price. Once you can sense the direction of any pair movement you can scalp or swing much better and you will have more confidence.
  • #85,625
  • Oct 22, 2014 10:55am Oct 22, 2014 10:55am
Quoting fxtradeabi
{quote} I believe most in here are intraday traders, weekly vs daily has a ton of factors that kick in and you simply can't go by weekly for a daily forecast, that would be tad stupid. I'd look at what banks are doing if you're going weekly.
Strongly agree. I've considered weekly i.e. long term trading, but waiting a year for a 500-1000 pips on a trade doesn't appeal to me either, when that many pips can be had every week or 2.
  • #85,626
  • Oct 22, 2014 10:58am Oct 22, 2014 10:58am
Quoting benaiah
{quote} Strongly agree. I've considered weekly i.e. long term trading, but waiting a year for a 500-1000 pips on a trade doesn't appeal to me either, when that many pips can be had every week or 2.
Dear Benaiah:

Please see my respond to fxtradeeabi. Thank you.
  • #85,627
  • Oct 22, 2014 10:58am Oct 22, 2014 10:58am
We're still stuck in a range, but i don't see it breaking yesterday's low nor high until tomorrow.
  • #85,628
  • Oct 22, 2014 11:01am Oct 22, 2014 11:01am
Quoting Fx-opinion
{quote} Dear fxtradeeabi: Please see my previous posts. I am not suggesting that you should go long. What I am trying to show you is the direction of the price. Once you can sense the direction of any pair movement you can scalp or swing much better and you will have more confidence.
Okay, I don't want to get into an argument with anyone. But long term direction on the weekly chart doesn't really mean much if the price can still swing hundreds of pips in either direction on a daily basis.

How many pips have been made on short trades in this ranging market for past couple weeks in spite of what it might do long-term?

Having said all of that, what are you suggesting? Regardless of what time frame we trade, we should look for long trades?

Sorry, just don't see the relevance of this, whether you have 10 years experience or 50.
  • #85,629
  • Oct 22, 2014 11:01am Oct 22, 2014 11:01am
Quoting Fx-opinion
{quote} Dear Benaiah: Please see my respond to fxtradeeabi. Thank you.
yep, I saw it. I don't think this is going anywhere. Just like AUD USD right now
  • #85,630
  • Oct 22, 2014 11:02am Oct 22, 2014 11:02am
AUDUSD Long

K.I.S.S.
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  • #85,631
  • Oct 22, 2014 11:09am Oct 22, 2014 11:09am
Smack dab in the center of a broadening triangle on short TFs. Blech.
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There's always money in the banana stand.
  • #85,632
  • Oct 22, 2014 11:17am Oct 22, 2014 11:17am
this bitch aint going anywhere until at least after stevens speaks and says once again he aint doing shit...oh wait...that wont move the market either....looks like were still chilling as we continue to fail to close above .88
  • #85,633
  • Oct 22, 2014 11:23am Oct 22, 2014 11:23am
Quoting thegmann
this bitch aint going anywhere until at least after stevens speaks and says once again he aint doing shit...oh wait...that wont move the market either....looks like were still chilling as we continue to fail to close above .88
Strongly agree. And looking really weak right now. But just wait an hour and it'll look bullish

Too much volatility and not enough room to move right now, for me at least. I'll be standing aside on this pair until there's more room for trades to go with a little more confidence...
  • #85,634
  • Oct 22, 2014 11:23am Oct 22, 2014 11:23am
Quoting benaiah
{quote} Okay, I don't want to get into an argument with anyone. But long term direction on the weekly chart doesn't really mean much if the price can still swing hundreds of pips in either direction on a daily basis. How many pips have been made on short trades in this ranging market for past couple weeks in spite of what it might do long-term? Having said all of that, what are you suggesting? Regardless of what time frame we trade, we should look for long trades? Sorry, just don't see the relevance of this, whether you have 10 years experience...
Sorry, did not want to upset you. I do apologize.
  • #85,635
  • Oct 22, 2014 11:39am Oct 22, 2014 11:39am
The situation in Ottawa is effecting the market as we speak.
  • #85,636
  • Oct 22, 2014 11:41am Oct 22, 2014 11:41am
Quoting Fx-opinion
{quote} Sorry, did not want to upset you. I do apologize.
I'm not upset. Originally, I simply asked you what relevance your chart had, and how it was supposed to provide help.

You replied with your 10 years experience, the only way to trade, no SL, whatever, whatever. Still no relevance to anything, at lease from my perspective.

But like I said, to each his own. If your way works for you, there's plenty of traders with different ways that work for them. You don't have a monopoly on success.

Anyway, my apology to you as well. Happy trading
  • #85,637
  • Oct 22, 2014 12:11pm Oct 22, 2014 12:11pm
Bear is just taking a nap right now. He is in no hurry. The bear knows the longer he waits the more bull traps get full and more food to eat.
  • #85,638
  • Oct 22, 2014 12:20pm Oct 22, 2014 12:20pm
Quoting 2+2=4ex
Bear is just taking a nap right now. He is in no hurry. The bear knows the longer he waits the more bull traps get full and more food to eat.
You are referring to short term, medium term, or long term?
Donde hay Patron no manda Marinero
  • #85,639
  • Oct 22, 2014 12:26pm Oct 22, 2014 12:26pm
BOC Press Conference in Canada is cancelled.
  • #85,640
  • Oct 22, 2014 12:27pm Oct 22, 2014 12:27pm
Quoting Patron
{quote} You are referring to short term, medium term, or long term?
As-long-as-it-takes term.
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