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AUD/USD

  • #92,441
  • Oct 7, 2015 12:35am Oct 7, 2015 12:35am
Quoting eugenyk
{quote} ok, thanks, but I'm afraid that it goes north since Sept 29, and there is a possibility to turn south
it can and could turn around any given moment. while trading mind must be still and buying if price going up, selling if down. everything else is pure speculation
As Above, So Below
  • #92,442
  • Oct 7, 2015 12:43am Oct 7, 2015 12:43am
Quoting tashkent
{quote} it can and could turn around any given moment. while trading mind must be still and buying if price going up, selling if down. everything else is pure speculation
so I guess this is the reason that people talk about doji and so on just trying to define this point of turnaround
  • #92,443
  • Oct 7, 2015 12:50am Oct 7, 2015 12:50am
Quoting tashkent
all talks about doji, support, resistance, fibo, heads and shoulders and other nonsense are waste of time and space. look at the highs and lows, no need for anything else.
I am using system with high and low for the last 5 year...and works very well for me... but also i am welcoming all strategies that work for the owner accurately..no matter what indi u use..if you are making money at the end of the month... it is good strategy..
do not stand out in the open with gun ;stand in the bushes with knife..
  • #92,444
  • Oct 7, 2015 12:57am Oct 7, 2015 12:57am
Quoting eugenyk
{quote} so I guess this is the reason that people talk about doji and so on just trying to define this point of turnaround
yes, they try to predict the turning point therefore lose most of the time. every chart is full with examples where candlestick formations do not work. the philosophy of trading is cutting the losses when wrong and accumulating the profits when right in an unpredictable market environment. mind must be free from disaster called "predicting".
As Above, So Below
  • #92,445
  • Oct 7, 2015 12:59am Oct 7, 2015 12:59am
Quoting countdown
{quote} I am using system with high and low for the last 5 year...and works very well for me... but also i am welcoming all strategies that work for the owner accurately..no matter what indi u use..if you are making money at the end of the month... it is good strategy..
As Above, So Below
  • #92,446
  • Oct 7, 2015 1:25am Oct 7, 2015 1:25am
Quoting tashkent
{quote} yes, they try to predict the turning point therefore lose most of the time. every chart is full with examples where candlestick formations do not work. the philosophy of trading is cutting the losses when wrong and accumulating the profits when right in an unpredictable market environment. mind must be free from disaster called "predicting".

Well said!

  • #92,447
  • Oct 7, 2015 2:01am Oct 7, 2015 2:01am
AudUsd ===> Buy Stop : 71991 / TP = 72178 / Sl = 71638
do not stand out in the open with gun ;stand in the bushes with knife..
  • #92,448
  • Oct 7, 2015 2:04am Oct 7, 2015 2:04am
Quoting countdown
AudUsd ===> Buy Stop : 71991 / TP = 72178 / Sl = 71638
if this position activeted , open a hedge immidiately with 2* lot size ;

hedge ===> Sell Stop : 71638 / TP = 71477 / SL = 71991
GL all
do not stand out in the open with gun ;stand in the bushes with knife..
  • #92,449
  • Oct 7, 2015 2:07am Oct 7, 2015 2:07am
I am not a good trader. Closed my long for 5 pip profit. Bear in mind I opened it 1 month ago. Yes, yes I know. I should quit.
  • #92,450
  • Oct 7, 2015 2:11am Oct 7, 2015 2:11am
I'm also cautious of the "ending" of the bull run. What I do is to open a long at a suitable dip, watch it until it at least runs 5-8pips up, then place a strict stop limit at my entry point. No gain, no loss. If it goes against me then I dedicate some time to watching the price action. From experience, there are usualy some pretty obvious signs of a reversal.
When the bull run started, I kept a cautious mind and looked for tight targets...slowly eased after that andd now as we approach .72 again small moves up.
Personally, I believe this trend may run till 75cents given that for the time being all bearish fundamentals have been cleared. But who knows, that may change 5mins from now.
  • #92,451
  • Oct 7, 2015 4:11am Oct 7, 2015 4:11am
decent pullback atm..
  • #92,452
  • Oct 7, 2015 5:29am Oct 7, 2015 5:29am
Hi there! What do you think about this?
This is AUD/USD on H4
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  • #92,453
  • Oct 7, 2015 5:41am Oct 7, 2015 5:41am
Attached Image (click to enlarge)
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All long out closed

from 0.69900 to 0.72120

Set Sell Limit

As seen in the picture attached, The blue areas are my sell zone and buy zone. Breaking of either will determine the trend.

Just my very simple trading plan and Daily trading.

Cheers to Green pips!
  • #92,454
  • Oct 7, 2015 5:44am Oct 7, 2015 5:44am
never thought we'd reach 0.72 that fast, i'll be looking for another 400-600 pips trade on a short when it reaches 0.73 if it happens today. if not i'll wait for higher targets but this bounce is another great oportunity
  • #92,455
  • Oct 7, 2015 6:20am Oct 7, 2015 6:20am
Quoting countdown
{quote} if this position activeted , open a hedge immidiately with 2* lot size ; hedge ===> Sell Stop : 71638 / TP = 71477 / SL = 71991 GL all
TP hit.
Clear the Hedge Pending Order.
GL all
do not stand out in the open with gun ;stand in the bushes with knife..
  • #92,456
  • Oct 7, 2015 6:22am Oct 7, 2015 6:22am
EURAUD long looks good now....i was short since last Friday nice pips

Short scalp for a bit on AU before going long
  • #92,457
  • Oct 7, 2015 6:24am Oct 7, 2015 6:24am
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  • #92,458
  • Oct 7, 2015 6:27am Oct 7, 2015 6:27am
Quoting SkyrEk
{quote} Well said!
thank you and happy trading my friend


usually i do not trade au that frequently, yesterday took a long just to show if price is going up, buy and wait and you will be rewarded. if i kept thinking it may reverse anytime there would not be this 50-60 pips. with that mindset, probably i would have entered short and counting my losses now.
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As Above, So Below
  • #92,459
  • Oct 7, 2015 6:34am Oct 7, 2015 6:34am
Quoting tashkent
{quote} thank you and happy trading my friend usually i do not trade au that frequently, yesterday took a long just to show if price is going up, buy and wait and you will be rewarded. if i kept thinking it may reverse anytime there would not be this 50-60 pips. with that mindset, probably i would have entered short and counting my losses now. {image}
do not stand out in the open with gun ;stand in the bushes with knife..
  • #92,460
  • Oct 7, 2015 6:39am Oct 7, 2015 6:39am
1h
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