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  • #966,721
  • Mar 6, 2015 3:36pm Mar 6, 2015 3:36pm
Quoting mkvy
{quote} i dont think mine is locked is it?
ya think..
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  • #966,722
  • Mar 6, 2015 3:37pm Mar 6, 2015 3:37pm
Quoting roger44
{quote} Can I ask you a question : the chart is weekly or (?) ?
monthly... the only broker i can find that goes back to 1971 when the beginnings of the euro project started is instaforex.. back then it was 0.55
  • #966,723
  • Mar 6, 2015 3:38pm Mar 6, 2015 3:38pm
Quoting gettinpips
{quote} ya think.. {image}
great stuff... better than you... try turning my chart upsidedown, then you will see... i am based Australia
  • #966,724
  • Mar 6, 2015 3:51pm Mar 6, 2015 3:51pm
IG markets on WTI..... 81% usually make money right? oooooh it's coming soon gents
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  • #966,725
  • Mar 6, 2015 4:04pm Mar 6, 2015 4:04pm
broke and closed at 0835... .low 0833.. another 11 pip drop at close
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those who can, do. those who cant, talk about those who can
  • #966,726
  • Mar 6, 2015 4:14pm Mar 6, 2015 4:14pm
Quoting gatorinla
broke and closed at 0835... .low 0833.. another 11 pip drop at close {image}

0839 Dukascopy
08392 Netdania
0840 Reuters
  • #966,727
  • Mar 6, 2015 4:16pm Mar 6, 2015 4:16pm
Quoting gatorinla
broke and closed at 0835... .low 0833.. another 11 pip drop at close {image}
Man, I am watching these posts of yours since you started to look at it two weeks ago and dunno what to think. Dont you think it can just be some other stock exchange shooting when NY is down? Like Detroit, or whatever . Am not very sure bout NYSE mechanics, but think closed is closed and no orders can be filled.
"I know one thing, that I know nothing." Sokrates
  • #966,728
  • Mar 6, 2015 4:19pm Mar 6, 2015 4:19pm
if the price continue to fall at this rate we might see 1.0000 sooner than we expect.
  • #966,729
  • Mar 6, 2015 4:30pm Mar 6, 2015 4:30pm
Quoting gettinpips
{quote} I understand I lost 14K as a beginner, but I've learned to slow down a bit and be patient...
Gidday Gettinpips

Hard case when I started trading

I was a hard out gambler an traded

everything that moved.

Problem is nothing has changed
  • #966,730
  • Mar 6, 2015 4:36pm Mar 6, 2015 4:36pm
Quoting Tom_D_Trader
{quote} Man, I am watching these posts of yours since you started to look at it two weeks ago and dunno what to think. Dont you think it can just be some other stock exchange shooting when NY is down? Like Detroit, or whatever . Am not very sure bout NYSE mechanics, but think closed is closed and no orders can be filled.
its 16:59 data. not after close.
  • #966,731
  • Mar 6, 2015 4:40pm Mar 6, 2015 4:40pm
Quoting Rockerzeus
{quote} its 16:59 data. not after close.
Yy, but Gator was watching those "black holes" after NY close. As far as I have understood. I have superhigh spread during NY close and usually do SL dodge. Is the one very time of the day when my tradeplan can screw a bit and I loose a bit more than anticipated - simply because of that spread.

Am not sure, but think G was talking bout minute after close, not 16:59.
"I know one thing, that I know nothing." Sokrates
  • #966,732
  • Mar 6, 2015 4:47pm Mar 6, 2015 4:47pm
Quoting Tom_D_Trader
{quote} Yy, but Gator was watching those "black holes" after NY close. As far as I have understood. I have superhigh spread during NY close and usually do SL dodge. Is the one very time of the day when my tradeplan can screw a bit and I loose a bit more than anticipated - simply because of that spread. Am not sure, but think G was talking bout minute after close, not 16:59.
He use c.iti to track down closes. and it has 1.08353 close and 1.08337 low. As far as I understand he watch 1 min charts during close.
  • #966,733
  • Mar 6, 2015 4:50pm Mar 6, 2015 4:50pm
Quoting gatorinla
broke and closed at 0835... .low 0833.. another 11 pip drop at close {image}
if you don't mind, could you pls explain the reasons behind a spike up or down when trading hours are over? or at 5 pm eastern time... Thanks
  • #966,734
  • Mar 6, 2015 6:51pm Mar 6, 2015 6:51pm
Guys

I've been reading this thread for a while and trying to learn from all you knowledgeable traders that write in this thread.

I wanted to ask a favour (I'll try to repay at some point in my lifetime). Can someone give me their view on USDCAD and AUDNZD?

The analysis on AUDNZD that I read online says it could be a trend reversal. I've been going short to what I thought originally wasnt very risky but now I'm in heavy DD. 16%!!!!. Unsure of whether to cut my losses on Sunday open or wait for a downward move. Its OB on RSI so I am thinking there should be a move down and it was a very sharp move up following NFP.

I did ask the same in the AUDNZD thread but there arent as many active readers in that thread.

I'd be eternally grateful if someone could take some time out to look at the charts for me and give me their view.

Thanks very much
  • #966,735
  • Mar 6, 2015 7:05pm Mar 6, 2015 7:05pm
Quoting fxtrader08
Guys I've been reading this thread for a while and trying to learn from all you knowledgeable traders that write in this thread. I wanted to ask a favour (I'll try to repay at some point in my lifetime). Can someone give me their view on USDCAD and AUDNZD? The analysis on AUDNZD that I read online says it could be a trend reversal. I've been going short to what I thought originally wasnt very risky but now I'm in heavy DD. 16%!!!!. Unsure of whether to cut my losses on Sunday open or wait for a downward move. Its OB on RSI so I am thinking there...
Could be trend reversal on AUD/NZD, because that 1.0285 is a very strong support level, however could just be a bounce and will get sold off below there. From what I'm seeing based on volume it is just a bounce and we will be revisiting those levels, at the very least.
USD/CAD is an interesting one, because here we have USD quite overbought against EUR and JPY, and can certainly come down a bit. Maybe see 1.13 EU again and 110-115 USD JPY, in the case of USD/CAD, I expect oil to remain under pressure and make new lows, which should theoretically take USD CAD higher, but if USD is weak then maybe UCAD will stay under pressure... not 100% sure, but I'd say more likely to see USD CAD make or retest the highs sometime this year regardless.
  • #966,736
  • Mar 6, 2015 7:29pm Mar 6, 2015 7:29pm
Quoting fxtrader08
Guys I've been reading this thread for a while and trying to learn from all you knowledgeable traders that write in this thread. I wanted to ask a favour (I'll try to repay at some point in my lifetime). Can someone give me their view on USDCAD and AUDNZD? The analysis on AUDNZD that I read online says it could be a trend reversal. I've been going short to what I thought originally wasnt very risky but now I'm in heavy DD. 16%!!!!. Unsure of whether to cut my losses on Sunday open or wait for a downward move. Its OB on RSI so I am...
Not suggesting to cut or hold only you can make that decision
Would suggest you revise your trading strategy -

  1. Use a stop loss
  2. Dont enter prior to major data releases
  3. Buy Low Sell High aka Dont sell support Dont buy resistance
  4. Caution when holding over the weekend
  5. Use a stop loss


This is weekly chart (this is all data I have for her) she has been in down trend for just over 4 years, I beleive she is flirting with support, (doesn't mean support will hold) she did have a decent pull back end of 2013 but in relation to the overall trend, average attempt,
I thought originally wasnt very risky dangerous thought at any time
The fact you have held over the weekend with yuan trade balance on Sunday is crazy, both currencies are very sensitive to yuan!!
You have left your account in the hands of one of the best "book cookers" around your chances are -
Gap up account severely damage
Gap down may save your butt this time but if you don't change your trade plan wont matter, market "will" get you in the end, no stop loss traders are dime a dozen I guarantee they are not live traders :nerd: my 2 cents

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If you are new to Forex? Say Goodbye to your account!!
  • #966,737
  • Mar 6, 2015 7:42pm Mar 6, 2015 7:42pm
Quoting Rockerzeus
is there any one who still hold shorts above 1.39xx?
Will he get a cookie?
  • #966,738
  • Mar 6, 2015 7:49pm Mar 6, 2015 7:49pm
Quoting fxtrader08
Guys I've been reading this thread for a while and trying to learn from all you knowledgeable traders that write in this thread. I wanted to ask a favour (I'll try to repay at some point in my lifetime). Can someone give me their view on USDCAD and AUDNZD? The analysis on AUDNZD that I read online says it could be a trend reversal. I've been going short to what I thought originally wasnt very risky but now I'm in heavy DD. 16%!!!!. Unsure of whether to cut my losses on Sunday open or wait for a downward move. Its OB on RSI so I am thinking there...
No market analysis from me but I think you need to do the analysis on AU & NU to trade AN.
Just my rookie opinion.
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  • #966,739
  • Mar 6, 2015 7:53pm Mar 6, 2015 7:53pm
Quoting KiwiTrada
{quote} Not suggesting to cut or hold only you can make that decision Would suggest you revise your trading strategy - Use a stop loss Dont enter prior to major data releases Buy Low Sell High aka Dont sell support Dont buy resistance Caution when holding over the weekend Use a stop loss This is weekly chart (this is all data I have for her) she has been in down trend for just over 4 years, I beleive she is flirting with support, (doesn't mean support will hold) she did have a decent pull back end of 2013 but in relation to the overall trend, average...
Kiwi - Thanks alot for your guidance. I'm trying to trade with the H4 trend was down at the time. I think my other problem is lot sizes. I set them too high so I've obviously caused myself this mess.

I'll try to enjoy my weekend. It would be a real shame to say goodbye to my profits for the last two months. I worked bloody hard for that 37.5% but I'm certain part of it has been luck.....I will try to create a good plan with stop losses and all.

Thanks again
  • #966,740
  • Mar 6, 2015 7:55pm Mar 6, 2015 7:55pm
Quoting Ck87
{quote} Could be trend reversal on AUD/NZD, because that 1.0285 is a very strong support level, however could just be a bounce and will get sold off below there. From what I'm seeing based on volume it is just a bounce and we will be revisiting those levels, at the very least. USD/CAD is an interesting one, because here we have USD quite overbought against EUR and JPY, and can certainly come down a bit. Maybe see 1.13 EU again and 110-115 USD JPY, in the case of USD/CAD, I expect oil to remain under pressure and make new lows, which should theoretically...
CK, thanks for your view too. Much appreciated.
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