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AUD/USD

  • #86,801
  • Nov 6, 2014 9:26am Nov 6, 2014 9:26am
Quoting mrhb30jr
{quote} agree with you...
A shot trader finally agrees with me the long. This is scary
  • #86,802
  • Nov 6, 2014 9:39am Nov 6, 2014 9:39am
Quoting mrhb30jr
{quote} agree with you... on weekly channel... {image}
Opening a 2 lot trade in a complete NTZ, jumping in a short with no clear stop, so I wouldn't be proud of myself.
  • #86,803
  • Nov 6, 2014 9:55am Nov 6, 2014 9:55am
Quoting Chuckyxxx
{quote} Opening a 2 lot trade in a complete NTZ, jumping in a short with no clear stop, so I wouldn't be proud of myself.
  • #86,804
  • Nov 6, 2014 11:41am Nov 6, 2014 11:41am
Wouldn't be surprised if we're back to 8655 within the next 12 hrs leaving the shenanigans of the last couple of days looking like one mean bear trap.
Attached Image
Where price is now, it has been before, and will be again.
  • #86,805
  • Nov 6, 2014 11:43am Nov 6, 2014 11:43am
closed the longs in loss. out flat for now
  • #86,806
  • Nov 6, 2014 12:11pm Nov 6, 2014 12:11pm
Quoting MaryAnne
closed the longs in loss. out flat for now
My net long is in the red but thats not a problem.I just keep adding in at these lower levels then close the green trades in the position on every rally up.
That together with the positive swap means my actual balance just keeps growing.If it starts going tits up I will close some of the red trades furthest away but I'm not seeing that yet.
It's frustrating but this is what prolonged accumulation is like (if thats what it is!)
Where price is now, it has been before, and will be again.
  • #86,807
  • Nov 6, 2014 12:24pm Nov 6, 2014 12:24pm
Quoting tashkent
perfectly fine, only if your position sizes are less than 1% of your capital.
great advice... you a full time trader?
  • #86,808
  • Nov 6, 2014 12:28pm Nov 6, 2014 12:28pm
Ready for another bounce ? or this time it will be straight to .85 ???
  • #86,809
  • Nov 6, 2014 12:30pm Nov 6, 2014 12:30pm
Quoting MaryAnne
closed the longs in loss. out flat for now
.... sorry to hear that
  • #86,810
  • Nov 6, 2014 12:33pm Nov 6, 2014 12:33pm
Quoting Lamira
{quote} .... sorry to hear that

its ok, winning and losing is part of the game



Quoting Jenx
{quote} My net long is in the red but thats not a problem.I just keep adding in at these lower levels then close the green trades in the position on every rally up. That together with the positive swap means my actual balance just keeps growing.If it starts going tits up I will close some of the red trades furthest away but I'm not seeing that yet. It's frustrating but this is what prolonged accumulation is like (if thats what it is!)
Yea but my trade basket was messy. some trades werent good the short EJ was bad decision won't touch that pair. I closed whole basket I mean gonna restart cheers
  • #86,811
  • Nov 6, 2014 12:35pm Nov 6, 2014 12:35pm
Quoting MaryAnne
{quote} its ok, winning and losing is part of the game {quote} Yea but my trade basket was messy. some trades werent good the short EJ was bad decision won't touch that pair. I closed whole basket I mean gonna restart cheers
Hey sis... how you doing? hope you had a good trading day...
  • #86,812
  • Nov 6, 2014 12:36pm Nov 6, 2014 12:36pm
Quoting poseikwame
{quote} great advice... you a full time trader?
unfortunately (or fortunately) i am not. i would consider myself a newbie
As Above, So Below
  • #86,813
  • Nov 6, 2014 12:37pm Nov 6, 2014 12:37pm
Quoting poseikwame
{quote} Hey sis... how you doing? hope you had a good trading day...
last week was good, today not good. made the final decision to clear my basket (which had some bad trades like shorting EJ) and it erased my profits from last week lol. It's ok man, still learning

You did great
  • #86,814
  • Edited 4:59pm Nov 6, 2014 4:25pm | Edited 4:59pm
Quoting Fx-opinion
{quote} 5 years you say. You are very funny. By the way, we have landed on moon too.
didn't you momma told you THE TREND IS YOUR FRIEND :nerd:

Quoting Jenx
Wouldn't be surprised if we're back to 8655 within the next 12 hrs leaving the shenanigans of the last couple of days looking like one mean bear trap.{image}
are you guys have possessed with .9 ?????

...keep.seeing "beartraps " in last 300 pis down ......for past days??? its not a bear trap... it's calls DOWNTREND BACK IN VIEW......

its coming...our .9xx is coming ....coming as soon as trend will turn to UPtrend.....

sorry guys if it looks rude. but here people coming to learn and share. can you imagine that...couple weeks ago when everybody been so surely talking abot .90 ..... just think how many new in trading people could followed it and be in such an ass right now ?



come on guys....
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  • #86,815
  • Nov 6, 2014 5:00pm Nov 6, 2014 5:00pm
Oh, Lamira. Please to check decade-long stoichiometrometer readings and advise to truth! ROFL!!!!! Did you know we have a landed on a comet this week?? HA HA. Keep buying all way down. 90 is my MAGIC NUMBER! This is only my opinion. Do not to follow.

There's always money in the banana stand.
  • #86,816
  • Nov 6, 2014 5:05pm Nov 6, 2014 5:05pm
Quoting sugarbelly
I certainly have a different system than most traders; i am aware that trend is down, still before reaching a level way down, I know it will hit 0,90xx. Just gotta have deep pockets. I must admit I didn't think it would go this low, but holding my longs and just scalping carefully to the downside now and then.
Not saying I disagree with you as I too am more long than short (adding to longs as price goes down but doing shorter term shorts on pullbacks) but am curious as to your reasoning? eg do you use divergence?

I don't look so much at predetermined levels such as 90c (although agree that should provide resistance) but more at size of movements, cotbase and USD index eg 1734 pip down move (11/4/13 to 5/8/13), 910 up (to 23/10/13), 1098 down (to 24/1/14), 845 up (to 2/7/14), 951 down (to yesterday and probably still going).
On US Index current price is 88.22 with major resistance from 2010 at 88.8 & 89.71 from 2009 so I expect there isn't a lot of room for USD to keep driving AUD down.

IMO those trading short should ask themselves how they would have traded in early August 2013 and mid to late Jan 2014 and have a plan for if price goes up. Likewise those long should know how far down they can cover (risk management - can be deep pockets as you say or appropriate position sizing as Tashkent pointed out).
Hope for the best, prepare for the worst.
  • #86,817
  • Nov 6, 2014 5:08pm Nov 6, 2014 5:08pm
Quoting LizardGizzard
Oh, Lamira. Please to check decade-long stoichiometrometer readings and advise to truth! ROFL!!!!! Did you know we have a landed on a comet this week?? HA HA. Keep buying all way down. 90 is my MAGIC NUMBER! This is only my opinion. Do not to follow.
Killed me with that. Perfect format except change Oh to Dear.
  • #86,818
  • Nov 6, 2014 5:17pm Nov 6, 2014 5:17pm
Quoting LizardGizzard
Oh, Lamira. Please to check decade-long stoichiometrometer readings and advise to truth! ROFL!!!!! Did you know we have a landed on a comet this week?? HA HA. Keep buying all way down. 90 is my MAGIC NUMBER! This is only my opinion. Do not to follow.
thanks ,friend, my abs work out is done
  • #86,819
  • Nov 6, 2014 5:18pm Nov 6, 2014 5:18pm
Quoting LizardGizzard
Oh, Lamira. Please to check decade-long stoichiometrometer readings and advise to truth! ROFL!!!!! Did you know we have a landed on a comet this week?? HA HA. Keep buying all way down. 90 is my MAGIC NUMBER! This is only my opinion. Do not to follow.
I just admire the fact that you could keep buying when the trend is down, and not worry when your trade is in red. I could handle maybe 1 week or 2 to see if my trade could come back from loss to profit, but no longer than that! You gotta have a lot of strong nerve going to bed every night believing that it could reach .90. Not that I'd like to prove you wrong but your strategy seems like you're treating this like an investment rather than trading. Just my opinion!
  • #86,820
  • Nov 6, 2014 5:22pm Nov 6, 2014 5:22pm
Quoting phongvu12
{quote} I just admire the fact that you could keep buying when the trend is down, and not worry when your trade is in red. I could handle maybe 1 week or 2 to see if my trade could come back from loss to profit, but no longer than that! You gotta have a lot of strong nerve going to bed every night believing that it could reach .90. Not that I'd like to prove you wrong but your strategy seems like you're treating this like an investment rather than trading. Just my opinion!
That was my satirical alter ego.
There's always money in the banana stand.
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