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AUD/USD

  • #89,721
  • Mar 25, 2015 7:32am Mar 25, 2015 7:32am
Quoting Balmain Boy
{quote} You don't currently have any position. You've dusted 110 pips no matter what you might want to believe otherwise. If you can't face this fact then you need to walk away and never log in to a trading platform ever again. It's the expert advise that you've sought, but you might not want to hear it.
It's like holding 1 gal in your left hand and another in your right hand, and end up getting slap by both.

But he's a bit lucky, AU moving close to 1 of his entry.
The only winner is the one who survive the longest...
  • #89,722
  • Mar 25, 2015 7:49am Mar 25, 2015 7:49am
Quoting lseiryul
{quote} okay, will try to consider with your plan... thank you, sir...
you are welcome.....

So far everything is going as planned ....
Attached Image (click to enlarge)
Click to Enlarge Name: AU.jpg Size: 346 KB
Journey is more important than destination
  • #89,723
  • Mar 25, 2015 8:55am Mar 25, 2015 8:55am
Bad durable goods data out of US seems to have began an AUD sell off? Why??

This is unusual given the events of the last week or two, first time I've seen this happen since FOMC became more data dependent.
  • #89,724
  • Mar 25, 2015 9:32am Mar 25, 2015 9:32am
Quoting Starcraftmaz
Bad durable goods data out of US seems to have began an AUD sell off? Why?? This is unusual given the events of the last week or two, first time I've seen this happen since FOMC became more data dependent.
USD index... bonus at 200 EMA....

but it doesn't mean AUD sell off yet.... we might have still room to the upside..
Attached Image (click to enlarge)
Click to Enlarge Name: Es.jpg Size: 107 KB
Journey is more important than destination
  • #89,725
  • Mar 25, 2015 10:04am Mar 25, 2015 10:04am
Quoting traderbola
...USD index... bonus at 200 EMA.... but it doesn't mean AUD sell off yet.... we might have still room to the upside..
USDX looks good for upside...USDX is doing fantastic job.
The Market pays you to be disciplined
  • #89,726
  • Mar 25, 2015 10:14am Mar 25, 2015 10:14am
Quoting mima
{quote} USDX looks good for upside...USDX is doing fantastic job.
Indeed.... I'm USD BULL.... these levels under my watch... if PA can't break it next 45 min we might test yesterday's high....
Attached Image (click to enlarge)
Click to Enlarge Name: AU.jpg Size: 113 KB
Journey is more important than destination
  • #89,727
  • Mar 25, 2015 10:42am Mar 25, 2015 10:42am
Quoting traderbola
{quote} Indeed.... I'm USD BULL.... these levels under my watch... if PA can't break it next 45 min we might test yesterday's high.... {image}

On the chart drop of AUD looks spontaneous...
The Market pays you to be disciplined
  • #89,728
  • Mar 25, 2015 12:11pm Mar 25, 2015 12:11pm
A spike below 0.7834 and I would be intraday-week bearish….looking to sell on retracement…around 0.7880/82. Possible target @ 0.7768.
Attached Image (click to enlarge)
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  • #89,729
  • Mar 25, 2015 12:27pm Mar 25, 2015 12:27pm
Quoting MJBhinder
A spike below 0.7834 and I would be intraday-week bearish.looking to sell on retracementaround 0.7880/82. Possible target @ 0.7768. {image}
I´am in short allready also with Aud/Cad
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 39 KB
Click to Enlarge Name: AUDCADH1.png Size: 35 KB
  • #89,730
  • Mar 25, 2015 8:48pm Mar 25, 2015 8:48pm
Looking good
  • #89,731
  • Mar 25, 2015 9:46pm Mar 25, 2015 9:46pm
Quoting Balmain Boy
{quote} You don't currently have any position. You've dusted 110 pips no matter what you might want to believe otherwise. If you can't face this fact then you need to walk away and never log in to a trading platform ever again. It's the expert advise that you've sought, but you might not want to hear it.
well, thank you for the advice...
and yes I've dusted 110 pips because of a mistake I've did...

but instead of walking away, I'd rather learn from my mistakes and try my best to earn the missing 110 pips...

you'll never know how to ride a bycicle if you haven't fall from it for the first time...

once again, thank you for the advice...
o dear the expert one...

^^
  • #89,732
  • Mar 25, 2015 11:14pm Mar 25, 2015 11:14pm
Quoting lseiryul
{quote} well, thank you for the advice... and yes I've dusted 110 pips because of a mistake I've did... but instead of walking away, I'd rather learn from my mistakes and try my best to earn the missing 110 pips... you'll never know how to ride a bycicle if you haven't fall from it for the first time... once again, thank you for the advice... o dear the expert one... ^^
I'd suggest trading micro lots if you can and work on developing a trading plan for your entries and exits. If you find your plan isn't working then you can ask for suggestions to improve specifics rather than just advice on how to get out of a hole.

I agree that you won't know how to ride a bike if you haven't fallen, but you need to expect to fall from forex multiple times - hence trade small.
You also need to be prepared for the falls on a bike - hence a helmet and maybe elbow pads. In same fashion trading needs preparation ie a plan. You can then ask yourself questions like:
- has something changed since the entry?
- where will I place my stops?
- will I add to a losing position?
- will I add to a winning position?
- when will I move my stop to breakeven?
- does most of my success / failure come from trending entries or counter trend, news events....

Also find some forex training sites and forums to do some research. Don't be afraid to sit on the sidelines (once out of your two positions) until you have more knowledge.
Hope for the best, prepare for the worst.
  • #89,733
  • Mar 26, 2015 2:58am Mar 26, 2015 2:58am
I'm going to open a sell at 0.7890 with target 0.7650 and stop-loss 0.7900

https://charts.mql5.com/7/370/audusd...apital-ltd.png
  • #89,734
  • Mar 26, 2015 3:06am Mar 26, 2015 3:06am
Quoting dab
{quote} I'd suggest trading micro lots if you can and work on developing a trading plan for your entries and exits. If you find your plan isn't working then you can ask for suggestions to improve specifics rather than just advice on how to get out of a hole. I agree that you won't know how to ride a bike if you haven't fallen, but you need to expect to fall from forex multiple times - hence trade small. You also need to be prepared for the falls on a bike - hence a helmet and maybe elbow pads. In same fashion trading needs preparation ie a plan....
now this is a suggest that I can take...

okay, I'll ask for specifics the next time I'm posting on the thread...

thank you for the advice you gave, sir...
will do as you said, but maybe with a little improvise...

thank you so much...
  • #89,735
  • Mar 26, 2015 3:26am Mar 26, 2015 3:26am
Quoting MJBhinder
A spike below 0.7834 and I would be intraday-week bearish.looking to sell on retracementaround 0.7880/82. Possible target @ 0.7768. {image}
It touched 7880, well done.
  • #89,736
  • Mar 26, 2015 4:25am Mar 26, 2015 4:25am
Quoting traderbola
{quote} I'm not expert but I'm confident with the system I use..... If you have same lots on sell side and buy side this might help..... We should have one more upside move soon... target around 0.7940-0.798 or .80 MAXIM. then we'll have sell off.... If price goes that way, you can get out your buy around that zone... or place your Sl at BE level..... Your sell position should be ok.... end of this week or next week we might see AUD below 0.75.... {image}
AU update...
Nothing has changed ......
everything goes by plan.....
We have to test 0.79-0.80 before shorting...
Attached Image (click to enlarge)
Click to Enlarge Name: AU.jpg Size: 367 KB
Journey is more important than destination
  • #89,737
  • Mar 26, 2015 4:36am Mar 26, 2015 4:36am
Quoting dab
{quote} I'd suggest trading micro lots if you can and work on developing a trading plan for your entries and exits. If you find your plan isn't working then you can ask for suggestions to improve specifics rather than just advice on how to get out of a hole. I agree that you won't know how to ride a bike if you haven't fallen, but you need to expect to fall from forex multiple times - hence trade small. You also need to be prepared for the falls on a bike - hence a helmet and maybe elbow pads. In same fashion trading needs preparation ie a plan....
Nice one....
I appreciate pro traders who share their knowledge with newbies.... some "pro traders" forgets that they were newbie too and made some dumb mistakes...
Journey is more important than destination
  • #89,738
  • Mar 26, 2015 4:45am Mar 26, 2015 4:45am
ATM struggling myself but there are good threads for research like forexaliens visual systems and as simple as possible 15 min, wading through them but difficult as I can't get some of their indicators on my FXCM Trading Station Web
  • #89,739
  • Mar 26, 2015 4:58am Mar 26, 2015 4:58am
Quoting nimbinsstone
ATM struggling myself but there are good threads for research like forexaliens visual systems and as simple as possible 15 min, wading through them but difficult as I can't get some of their indicators on my FXCM Trading Station Web
Hello nimbinsstone

I'm one of the students from that thread....
I would highly recommend you to invest your time to learn that system....
You can open demo account with MT4 platfrom from any broker and you can use the system there...
Good luck!
Journey is more important than destination
  • #89,740
  • Mar 26, 2015 5:09am Mar 26, 2015 5:09am
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_H4.gif Size: 163 KB
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