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AUD/USD

  • #93,801
  • Nov 26, 2015 6:26am Nov 26, 2015 6:26am
Quoting SkyrEk
{quote} I second that. Agree with your thoughts entirely.
Me too- what these guys don't realise 98% people lose money in forex - yes 98%.....
It takes experience ,mental toughness,money management,fundamental analysis,technical analysis , courage , timing , adaptability , time to succeed. If you are not 100% committed you will fail... this is one of the hardest but most rewarding industries I know. Two people with the same instructions will get different results. It's a fine line between success and complete failure. Some may succeed for a while until the market dynamics changes and lose it all.We don't appreciate abuse from newbies or people on demo accounts. We like to have fun on here and chat amongst our peers and share ideas and decisions for verification. So chill out.
  • #93,802
  • Nov 26, 2015 6:58am Nov 26, 2015 6:58am
Quoting Pip-Miner
I'm from Adelaide too, just scratching my head why this going up did the governor say something ? As you know things not going too well, especially Adelaide .
Interesting. There seems to be a lot of us from Adelaide. That is rare. ))
  • #93,803
  • Nov 26, 2015 7:21am Nov 26, 2015 7:21am
Quoting dab
{quote} I think you can learn a lot from others, particularly when first starting out. Eg websites to monitor, books to read, different trading strategies, indicators, brokers etc Once you are experienced it can still help to have your thinking challenged occasionally but it wouldn't be any more than the odd tweak to trading plan. Contrast that to a newbie and most of them probably need a bit of swaying to avoid going 'all in' As for studying professional athletes you may never replicate them but you can certainly improve your performance through...
Forget all this you just need to know yourself not others. Look at what sparks others reactions not what they say or show after a fancy edit behind their screen.
  • #93,804
  • Nov 26, 2015 7:25am Nov 26, 2015 7:25am
I often see groups of people fail their analysis, these groups are worth following as soon as they appear and eventually disappear when they realize they are wrong.
  • #93,805
  • Nov 26, 2015 7:29am Nov 26, 2015 7:29am
by
Quoting cold chisel
{quote} Interesting. There seems to be a lot of us from Adelaide. That is rare. ))
Probably due to the unemployment rate here
  • #93,806
  • Nov 26, 2015 7:47am Nov 26, 2015 7:47am
Dolgi on daily pivot followed by a bearish candle today . This looks like it's on the way down . Confirmation on the close of the daily candle today. Any thoughts ?
  • #93,807
  • Nov 26, 2015 7:55am Nov 26, 2015 7:55am
Quoting Pip-Miner
by{quote} Probably due to the unemployment rate here
Now that was funny. ))
  • #93,808
  • Nov 26, 2015 8:19am Nov 26, 2015 8:19am
Quoting cold chisel
{quote} Now that was funny. ))
Hehe sorry to say mate I went to the cold chisel concert during the races and jimmy's vocals where breaking up when he raised his voice. Sounded terrible, people leaving as soon as he started singing
  • #93,809
  • Nov 26, 2015 3:25pm Nov 26, 2015 3:25pm
Quoting Rtm
{quote} Well reading the posts from more 'experienced' traders isn't going to help you any. This profession is just you and only you. You can study professional athletes all you want but you will never be able to replicate them. Likewise, trading is more about having a robust state of mind than it is a holy grail system. No one can teach you, you have to learn from experience in front of your screen. These forums should only be used for comedic purposes, chatting and talking about trades is only going to ruin you more and sway you from who you are...
Rtm, thanks for the advice.
  • #93,810
  • Nov 26, 2015 3:35pm Nov 26, 2015 3:35pm
Quoting dab
{quote} I think you can learn a lot from others, particularly when first starting out. Eg websites to monitor, books to read, different trading strategies, indicators, brokers etc Once you are experienced it can still help to have your thinking challenged occasionally but it wouldn't be any more than the odd tweak to trading plan. Contrast that to a newbie and most of them probably need a bit of swaying to avoid going 'all in' As for studying professional athletes you may never replicate them but you can certainly improve your performance through...
Yep, I have tried a few different trading strategies and now getting a feel for what works for me. Coming here with everybody trading so differently often gives me little tid bits that help me tweak my own strategy. I agree with the other guys , Skyrek and Rtm, there's no substitute for just doing it, which I am. I've had enough success to know that it works and enough failure to know that it's no "Quick buck" or easy.

Just having a go and enjoying it. Also get a chuckle out of the friendly banter.
  • #93,811
  • Nov 26, 2015 3:49pm Nov 26, 2015 3:49pm
Quoting Pip-Miner
{quote} We don't appreciate abuse from newbies or people on demo accounts
If that's me you're referring to then I can't apologize enough to anyone who has seen my posts as abuse.

I'll go back to watching untill I have something constructive to contribute.

Again, sorry if my comments are taken negatively.
  • #93,812
  • Nov 26, 2015 4:09pm Nov 26, 2015 4:09pm
The AUDUSD retraces close to the 76.4% Fibonacci level on the daily chart, but it is currently going sideways, it may try to go back down.
  • #93,813
  • Nov 26, 2015 4:39pm Nov 26, 2015 4:39pm
I'm still here making real monies. Just lurking. Can almost 1 lot.
  • #93,814
  • Nov 26, 2015 5:42pm Nov 26, 2015 5:42pm
Looking at my chat, H4 has formed up channel. My summary of the weeks, quite good. I was wrong about the 2 days flat, instead it try higher into 0.7275 area. At end of the week here, i believe not a strong bars will form. If i do see a strong red bar, i will target lower to 0.7150 .. green bar, target higher back to 0.7275.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 85 KB
Don't blame the tools. Blame the carpenter.
  • #93,815
  • Edited 11:13pm Nov 26, 2015 9:32pm | Edited 11:13pm
​China A 50 index has broken below short term daily uptrend and sup/res level of 10,400 could be the start of the rot!
All Asian index's and asx 200 solidly down asx broken below 5200, just maybe the start.
  • #93,816
  • Nov 26, 2015 9:42pm Nov 26, 2015 9:42pm
Quoting clayjay
​China A 50 index has broken below long term daily uptrend and sup/res level of 10,400 could be the start of the rot! All Asian index's and asx 200 solidly down asx broken below 5200, just maybe the start.
Then it is quite a probability for AUDUSD to go lower..
Don't blame the tools. Blame the carpenter.
  • #93,817
  • Nov 26, 2015 10:03pm Nov 26, 2015 10:03pm
​Could very well be. Apologies for posting here wasn't sure where else as it is the thread I follow most.
  • #93,818
  • Nov 26, 2015 10:15pm Nov 26, 2015 10:15pm
Quoting KecoaKecil
Looking at my chat, H4 has formed up channel. My summary of the weeks, quite good. I was wrong about the 2 days flat, instead it try higher into 0.7275 area. At end of the week here, i believe not a strong bars will form. If i do see a strong red bar, i will target lower to 0.7150 .. green bar, target higher back to 0.7275. {image}
nice analysis i agree with you.i am lil bearsih
Say something meaningful or Silence!!
  • #93,819
  • Nov 26, 2015 10:25pm Nov 26, 2015 10:25pm
Thanks Classy, If you can look at the China A 50 Daily and weekly these charts are showing a long term Head and shoulders​. China is powerful market.
  • #93,820
  • Nov 27, 2015 12:13am Nov 27, 2015 12:13am
Quoting Pip-Miner
{quote} Hehe sorry to say mate I went to the cold chisel concert during the races and jimmy's vocals where breaking up when he raised his voice. Sounded terrible, people leaving as soon as he started singing
No one's getting younger and how can you sing, when you quit drinking. It's hard, I have quit drinking some 10 years ago, and now sing pretty bad myself and only in the shower. I have seen Jimmy last year at Clare's Day on the green, he was good, even done DP Lazy number, which I never heard him play before.
Vodka never done anybody any good, but when you quit it, it's even worse. Believe me I know, I used to drink more than Jimmy did.
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