Attachments: AUD/USD

AUD/USD

#93,041
Oct 23, 2015 1:40am Oct 23, 2015 1:40am

actorial
| Joined Dec 2007 | Status: Trader | 120 Posts

Quoting Mr.Elliott

Disliked

congratz to all LONGs position for your patience. a nice level for a swing trade happy a nice weekend.... {image}

Ignored

Hi Mr Elliott, What is the point of your TP?

I saw a Buy stop from your screen shot very close to TP, is that a last burst for profit?

Please advise if possible. Thank you.

Cheers

#93,042
Oct 23, 2015 1:43am Oct 23, 2015 1:43am

triciatlp
| Joined May 2010 | Status: Trader | 29 Posts

yay to all who long! Decent profits there heheh

#93,043
Oct 23, 2015 1:47am Oct 23, 2015 1:47am

Mr.Elliott
| Joined Jul 2009 | Status: ˙˙˙˙ʇɥƃıɐɹʇs ʞlɐʇ ɹǝʌǝu ı | 439 Posts

Quoting actorial

Disliked

{quote} Hi Mr Elliott, What is the point of your TP? I saw a Buy stop from your screen shot very close to TP, is that a last burst for profit? Please advise if possible. Thank you. Cheers

Ignored

yup...the TP is for the most highest price LONGs post....because it is not a good position to swing-by.

another thing....it is a way of me giving back to the market.....few pips away.....sort like a charity from me for the market to be nice to me next time (just kidding)

the lowest is for me to play-around with the swing trading.....

#93,044
Oct 23, 2015 2:05am Oct 23, 2015 2:05am

countdown
Joined Jan 2015 | Status: [one day] | 622 Posts

hope to see 73122 today.

do not stand out in the open with gun ;stand in the bushes with knife..

#93,045
Oct 23, 2015 2:24am Oct 23, 2015 2:24am

SkyrEk
| Joined Mar 2011 | Status: Trader | 876 Posts

Congrats to all whom made good money today and for this week.
I shall stop blabbering here, took partial profits for this week. Shall let it run over the weekends to collect holding costs.

TGIF!
Why are you guys even here? Go out and have a good time!

Have a great one.

Take care.

Signing off to enjoy my new ride.

4hr chart- still bullish for sure.

Attached Image

#93,046
Oct 23, 2015 2:24am Oct 23, 2015 2:24am

dab
Joined Jun 2012 | Status: Trader | 952 Posts

Quoting PizzaGuy

Disliked

{quote} There will be no finger-pointing here if things go bad. I'm planning on holding this trade for years if the market will allow me to. There is really only five reasons why I would exit/close my current position: 1. (The most likely) I get stopped out in the .69's. As I stated earlier, I'm hoping .70 will hold. 2. FXCM, my trading broker, goes bankrupt. If forex trading wasn't hard enough, I now also have to watch to make sure FXCM stays solvent. Recently FXCM did a 1:10 Reverse stock split; however, the stock price has increased since...

Ignored

If you are worried your broker may go bankrupt why not change brokers? Make sure you have one who's client funds are separate to their own.

Hope for the best, prepare for the worst.

#93,047
Oct 23, 2015 2:44am Oct 23, 2015 2:44am

dab
Joined Jun 2012 | Status: Trader | 952 Posts

Quoting cold chisel

Disliked

Hey guys. I just don't get it. I'm short AUD since mid July of last year. How can somebody in his right mind go LONG against such a big trend. I'm not a scalper, so I might not understand this. But the long trend is DOWN, economic fundamentals are CRAP, so what's the idea? To gain 200 pips at most?

Ignored

By my quick calculation you should have about $27.8k gross profit per standard lot if you've held since mid July 2014 and approx $3.3k in swap funding charges per standard lot. Shows that it can be profitable if you get the direction correct and can be a good low time way of making a profit.

Personally I'm pathetic at getting direction short term correct so use a system where I profit from the market moving so far in one direction and then at least some in the other direction, with a bias towards following the medium to long term trend. Currently that's a bias to the short and I only go long in smaller lots and when price is showing fairly extreme oversold (on at least 4 hr chart).

Why go long for 200 pips at most? I'd guess that many on here are scalpers and happy to get far less than 200 pips. I'd also point out that that there are opportunities to make far more than 200 pips longing against the trend, eg 600+ pips in April, May 2015, 800+ pips in Feb to June 2014, 900 pips in Aug to Oct 2013.

Each to his or her own depending on their time frame, risk preference and time they have to monitor trades (amongst other possible variables). Money can be made whichever way you enter, depending on other factors such as risk management and planning to name some important ones.

Hope for the best, prepare for the worst.

#93,048
Oct 23, 2015 3:08am Oct 23, 2015 3:08am

PaulDaemon
| Commercial User | Joined Jan 2015 | 1,352 Posts

Quoting SkyrEk

Disliked

Congrats to all whom made good money today and for this week. I shall stop blabbering here, took partial profits for this week. Shall let it run over the weekends to collect holding costs. TGIF! Why are you guys even here? Go out and have a good time! Have a great one. Take care. Signing off to enjoy my new ride. 4hr chart- still bullish for sure. {image}

Ignored

The daily is quite bullish also the doji is very interesting. If it closes with engulfing today I think we are still on track for a .75 target.
Also an engulfing on the weekly.

20 Pips a day keeps centerlink away

#93,049
Oct 23, 2015 3:46am Oct 23, 2015 3:46am

Lionheartfx1
| Joined Oct 2014 | Status: Trader | 175 Posts

Time to swing trade EURAUD, love these crosses, went long about 2hrs ago and the fucker shot 100 pips.

AUDUSD drops 25 pips and EURAUD goes up by 100 LOL

EURAUD buy is good for a buy now....it has bottomed out and should retrace 100-200 pips....

#93,050
Oct 23, 2015 3:52am Oct 23, 2015 3:52am

Lionheartfx1
| Joined Oct 2014 | Status: Trader | 175 Posts

Also nice price action on 1hr (has already moved) for EURAUD

If the 4hr forms that is also another good confirmation for further longs.
Price action on the 4hr is really good if it finishes in about 9mins....

#93,051
Oct 23, 2015 4:02am Oct 23, 2015 4:02am

Lionheartfx1
| Joined Oct 2014 | Status: Trader | 175 Posts

And done....nice 4hr on EURAUD, loading more longs stop loss under the wick

Good R/R for a long

#93,052
Oct 23, 2015 4:27am Oct 23, 2015 4:27am

renski
| Joined Sep 2015 | Status: Trader | 67 Posts

Quoting Lionheartfx1

Disliked

And done....nice 4hr on EURAUD, loading more longs stop loss under the wick Good R/R for a long

Ignored

cheers!

#93,053
Oct 23, 2015 5:13am Oct 23, 2015 5:13am

ell3
| Joined Sep 2015 | Status: Full Time Forex Trader | 446 Posts

Quoting Lionheartfx1

Disliked

And done....nice 4hr on EURAUD, loading more longs stop loss under the wick Good R/R for a long

Ignored

Are you sure it's not too early to go long? The eur doesn't seem ready to bounce yet plus the aud doesn't seem like it's going down. I'm thinking maybe a double bottom before it heads up.

#93,054
Oct 23, 2015 5:15am Oct 23, 2015 5:15am

cold chisel
| Joined Jun 2011 | Status: Trader | 279 Posts

Quoting dab

Disliked

{quote} By my quick calculation you should have about $27.8k gross profit per standard lot if you've held since mid July 2014 and approx $3.3k in swap funding charges per standard lot. Shows that it can be profitable if you get the direction correct and can be a good low time way of making a profit. Personally I'm pathetic at getting direction short term correct so use a system where I profit from the market moving so far in one direction and then at least some in the other direction, with a bias towards following the medium to long term trend....

Ignored

Your calculation is close enough, except I don't have swaps, because I don't use leverage.

#93,055
Oct 23, 2015 5:19am Oct 23, 2015 5:19am

Lionheartfx1
| Joined Oct 2014 | Status: Trader | 175 Posts

Quoting ell3

Disliked

{quote} Are you sure it's not too early to go long? The eur doesn't seem ready to bounce yet plus the aud doesn't seem like it's going down. I'm thinking maybe a double bottom before it heads up.

Ignored

Let it retrace a bit then go long....that is what I did.....besides stop loss under that wick is to tasty to pass up....

I never go in on the break off the 4hr, you can if you want to, it did go up 20 pips then shot back down but its up to the persons trading style....

I was actually in on the 1hr candle as you can see a few hrs back - that one worked and price shot up about 50-60 pips.

The 4hr was just a extra confirmation for further longs but generally from experience the 4hr likes to retrace a bit then go up....sometimes....

If it losses so what, only loss 50 pips