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AUD/USD

  • #92,661
  • Oct 13, 2015 2:36am Oct 13, 2015 2:36am
found an exit for my long at 7320. maybe taking a step back to observe. too much ding-dong movement, dont wanna end up in a pain trade. difficult to scalp today also.
why does the market seem soooo quiet?? my trade on the eurusd also took quite awhile to move.
  • #92,662
  • Oct 13, 2015 2:54am Oct 13, 2015 2:54am
abc :nerd:
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: AUDUSD_H4.gif Size: 221 KB
  • #92,663
  • Oct 13, 2015 3:19am Oct 13, 2015 3:19am
Quoting Dano12
abc :nerd: {image} {image}
I struggle to read your charts dano, not understanding elliot wave theory probablly doesnt help!
When you post them they look to me as if you are showing a trade that ended up goin where you predicted it may go?
or are you showing possible direction it may be moving?

Whats the deal with all the fib retracement values on the right?
  • #92,664
  • Oct 13, 2015 3:28am Oct 13, 2015 3:28am
AudUsd ===> 72773 ?

today there is no good RR so i dont want to share my position..
But if it break 72930 i would like to see 72773
do not stand out in the open with gun ;stand in the bushes with knife..
  • #92,665
  • Oct 13, 2015 3:39am Oct 13, 2015 3:39am
no idea where aussie is going...

dont dare to short audusd either, so took a euraud long.



do you know whats the target for euraud
  • #92,666
  • Oct 13, 2015 3:44am Oct 13, 2015 3:44am
Quoting georgemoon
{quote} I struggle to read your charts dano, not understanding elliot wave theory probablly doesnt help! When you post them they look to me as if you are showing a trade that ended up goin where you predicted it may go? or are you showing possible direction it may be moving? Whats the deal with all the fib retracement values on the right?
http://www.forexfactory.com/showthre...5260&page=4632
  • #92,667
  • Oct 13, 2015 4:25am Oct 13, 2015 4:25am
Just initiated a long from .7295, gonna ride some upside coming next.

As long price does not break below .7280, i'm going to long it.
  • #92,668
  • Oct 13, 2015 4:37am Oct 13, 2015 4:37am
Quoting bogus
{quote} My entry was at .7347, my stop is at .7355, initial risk was 25 pips (1 %). I mainly trade E/A. I'm backing the E/A trend line to win I'm happy with my trade.
My stop is now at .7332
Bed for me.
FF journal: Peaks and Troffs
  • #92,669
  • Oct 13, 2015 4:55am Oct 13, 2015 4:55am
IMHO, Failure to break 0.7375-80 area, encompassing 100-day SMA and medium-term channel resistance, the AUDUSD becomes more likely to test 0.7215 soon
Attached Image (click to enlarge)
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  • #92,670
  • Oct 13, 2015 8:15am Oct 13, 2015 8:15am
Holy crap, it's happening.

My face when I took shorts 0.72871, 0.72935 only an hour ago.
  • #92,671
  • Oct 13, 2015 8:18am Oct 13, 2015 8:18am
Quoting countdown
AudUsd ===> 72773 ? today there is no good RR so i dont want to share my position.. But if it break 72930 i would like to see 72773
TP hit..
sorry guys i didnt share the full trade levels because of the bad RR ..

the trade was ==> sell stop= 72930 / TP = 72773 / SL = 73619

(please dont ask me about the levels..) i cant share the reason behind it.

GL
do not stand out in the open with gun ;stand in the bushes with knife..
  • #92,672
  • Oct 13, 2015 8:46am Oct 13, 2015 8:46am
Out at 0.727, good night.
  • #92,673
  • Oct 13, 2015 8:48am Oct 13, 2015 8:48am
Aud/Usd has extended its consolidation just below 0.7300 level, on the downside 0.7200 maybe the psychological support level.
  • #92,674
  • Oct 13, 2015 10:06am Oct 13, 2015 10:06am
wtf is this, so pissing. just went short again @ 7290 with a very small target of 7285.... and i see a bloody bullish climb from 7285.5 to 7303 within 3 mins
i hate entering such positions. grrr.
  • #92,675
  • Oct 13, 2015 12:17pm Oct 13, 2015 12:17pm
Quoting ell3
wtf is this, so pissing. just went short again @ 7290 with a very small target of 7285.... and i see a bloody bullish climb from 7285.5 to 7303 within 3 mins i hate entering such positions. grrr.
trade a min of two lots
cover profit with 1 lot and move all other contract(s) 2 points (pips) to break even - and let it ride - you will have many stops but with small losses but nice long winners My ratio is about 35% winners. Yet many traders still can't figure it out, they go for these 80 or 90% winners with very little gains. One huge hit and the trader wipes his gains with the one loss. What ever works
  • #92,676
  • Oct 13, 2015 12:59pm Oct 13, 2015 12:59pm
For a while there I thought it might break above 0.7340 but the break out proved to be false. Good thing I closed all my long positions on time and shorted. I think it will reach 0.7235.
  • #92,677
  • Oct 13, 2015 2:35pm Oct 13, 2015 2:35pm
if you aim for 5 pips then your spread cost is quite high relative to this.

personally I think it's more efficient to aim for larger movements so that the spread be a smaller operational cost afferent to trading.

then there are different trading styles and trading horizons (short, medium, longer term).

best,
  • #92,678
  • Oct 13, 2015 3:20pm Oct 13, 2015 3:20pm
.7335 ish is a level to watch if looking to go long IMHO
FF journal: Peaks and Troffs
  • #92,679
  • Oct 13, 2015 4:25pm Oct 13, 2015 4:25pm
Attached Image (click to enlarge)
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  • #92,680
  • Oct 13, 2015 6:17pm Oct 13, 2015 6:17pm
Quoting Expo33
Last Week: Gold up, Silver up, Iron ore up (over 5%), Oil way way up, basically all stock markets up almost every session, Fed minutes, etc = the perfect storm for a risk on sentiment bull rush Double bottom yes, technical retracement yes, carry trade yes, BUT I would be wary going long at these levels. Just my opinion but the charts I am looking at may warrant a visit back to 7200 before any real move higher. In addition, I think there may be some unpleasant catalysts waiting in the wings. Of course I have been known to be paranoid and delusional...
I hate when people quote themselves, but sometimes you just have to look in the mirror and say, "good call you sexy manbeast"
Pride always comes before destruction.... -Proverbs 16:18
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