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AUD/USD

  • #92,341
  • Oct 5, 2015 2:52am Oct 5, 2015 2:52am
.70418 is the pivot point, bearish under, bullish above, IMO.
Be hopeful in a winning position, and fearful in a losing position.
  • #92,342
  • Oct 5, 2015 3:01am Oct 5, 2015 3:01am
Quoting Rag2RichesFX
.70418 is the pivot point, bearish under, bullish above, IMO.
  • #92,343
  • Oct 5, 2015 3:09am Oct 5, 2015 3:09am
Quoting Rag2RichesFX
.70418 is the pivot point, bearish under, bullish above, IMO.
Yessir, Patience to execute at the right time, I have a great RR ratio on this order...
  • #92,344
  • Oct 5, 2015 3:11am Oct 5, 2015 3:11am
May be this chart will help see the bigger picture here,
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.H4.png Size: 43 KB
  • #92,345
  • Oct 5, 2015 3:19am Oct 5, 2015 3:19am
short from 7075 and reopened a Long at 7070 after previous Long hit target @7080. Wonder how high we can go today before it sags back down again. Buyers need a pause and that seems to be happening at 7090 now
  • #92,346
  • Oct 5, 2015 3:28am Oct 5, 2015 3:28am
Allow the price action to give you information, patience, look at the daily chart this is just a beginning of an upward move, a daily close above 0,7084 will call for a look to an upward side with a handful of levels where the market is likely have a pause, that is for the traders that enter this pair everyday
  • #92,347
  • Edited 3:57am Oct 5, 2015 3:45am | Edited 3:57am
Quoting dCtrader15
{quote} Yessir, Patience to execute at the right time, I have a great RR ratio on this order...
I find more difficult than patience to execute entry, is the patience to wait for exit!

Breakout in process!

Weekly
Attached Image
Be hopeful in a winning position, and fearful in a losing position.
  • #92,348
  • Oct 5, 2015 4:05am Oct 5, 2015 4:05am
Quoting Rag2RichesFX
{quote} I find more difficult than patience to execute entry, is the patience to wait for exit! Breakout in process! Weekly {image}
Sorry for the misperception, but just to clarify meant it as both entry/exit...

This order I waited for a while on a good entry to maximize my RR ratio bc Risk Management is essential, but I agree you need a lot more patience to maximize your profits on the exit
  • #92,349
  • Oct 5, 2015 4:13am Oct 5, 2015 4:13am
Quoting dCtrader15
{quote} Sorry for the misperception, but just to clarify meant it as both entry/exit... This order I waited for a while on a good entry to maximize my RR ratio bc Risk Management is essential, but I agree you need a lot more patience to maximize your profits on the exit
Waited for the break above .7055 (1st X) , then bought on the minor pullback (2nd X)...

All in all, its working out well...
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-10-05 at 5.12.07 AM.png Size: 230 KB
  • #92,350
  • Oct 5, 2015 4:40am Oct 5, 2015 4:40am
will be on the sideline for now. Not sure if it will rocket upwards or go down.
  • #92,351
  • Oct 5, 2015 4:47am Oct 5, 2015 4:47am
ohhh shiiiieeettttt AU just broke 0.71000....now lets see if it can sustain that upward movement....
  • #92,352
  • Oct 5, 2015 4:47am Oct 5, 2015 4:47am
Quoting SkyrEk
will be on the sideline for now. Not sure if it will rocket upwards or go down.
Daily candle is in rocket ship to moon!!!

Smart to buy dips then, or take a short once it gets to about 100 pips daily range and you see resistance (.7140??)
Attached Image
Be hopeful in a winning position, and fearful in a losing position.
  • #92,353
  • Oct 5, 2015 4:54am Oct 5, 2015 4:54am
Quoting Rag2RichesFX
{quote} Daily candle is in rocket ship to moon!!! Smart to buy dips then, or take a short once it gets to about 100 pips daily range and you see resistance (.7140??) {image}
I Charted the .7135 area with +/- ~5-7 pips...
But your right on with .7140 as a good place to enter a short position
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-10-05 at 5.51.14 AM.png Size: 248 KB
  • #92,354
  • Oct 5, 2015 5:36am Oct 5, 2015 5:36am
Buy dips today..

Will consider taking a short at 7118 or so if price action confirms it

5-minute
Attached Image
Be hopeful in a winning position, and fearful in a losing position.
  • #92,355
  • Oct 5, 2015 6:04am Oct 5, 2015 6:04am
Not worth guessing now I feel, market is cautious before RBA tomorrow. Still expecting to see some slack tonight (pull back to 7060/80 area) before it flies up tomorrow -- UNLESS RBA does a surprise cut. I simply can't see the market moving anywhere higher tonight with the uncertainty in sight. 60pips up today already's been quite a distance.
  • #92,356
  • Oct 5, 2015 8:29am Oct 5, 2015 8:29am
Wow again! Two x instant 20pip falls in the space of a few minutes. Down all the way to 7056. I had a small short but exited it at 7080 ahead of resistance.
This just happened last friday also? Really unusual! What do you guys think?
  • #92,357
  • Oct 5, 2015 8:32am Oct 5, 2015 8:32am
Quoting ell3
Wow again! Two x instant 20pip falls in the space of a few minutes. Down all the way to 7056. I had a small short but exited it at 7080 ahead of resistance. This just happened last friday also? Really unusual! What do you guys think?
I actually scalp this down move and profited, made me feeling slightly better today. I foresee consolidation from now till RBA tomorrow. Shall stay away from the screen for now then.
  • #92,358
  • Oct 5, 2015 8:38am Oct 5, 2015 8:38am
Hey there! I shorted Aussie @7093. I think 7100 is a good resistance: double zero and 50% Fibo level from the last big bearish move. Considering closing now due to high-volume pin bar (a.k.a. down-thrust) appearing now on H1.
  • #92,359
  • Oct 5, 2015 1:58pm Oct 5, 2015 1:58pm
Quoting SkyrEk
{quote} I actually scalp this down move and profited, made me feeling slightly better today. I foresee consolidation from now till RBA tomorrow. Shall stay away from the screen for now then.
Patient bull waiting. Yes I see more consolidation, shouldn't breakout of .7110 for at least another 12+ hours.
Possibly another run at .7060 before it does too.
Attached Image
Be hopeful in a winning position, and fearful in a losing position.
  • #92,360
  • Oct 5, 2015 7:41pm Oct 5, 2015 7:41pm
Greetings, Can anyone explain the 200 pip drop that just occurred on my demo account, was this reflected on a live trader server? thanks Zenin
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