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AUD/USD

  • #94,741
  • Jan 20, 2016 12:39am Jan 20, 2016 12:39am
Quoting tashkent
6850 taken. this is why it is not advisable to go against the trend unless you are a very skillful professional. my final trade on au for today on 30 second chart. easy, stress free. just let the trend do the job. {image}
Ok, good advise. Dont go against the trend. But which trend?

1 min trend?
5 min trend?
15 min trend?
30 min trend?
1 hour trend?
4 hour trend?
Daily trend?
Weekly trend?
Monthly trend?
  • #94,742
  • Jan 20, 2016 12:39am Jan 20, 2016 12:39am
Quoting stulic
{quote} Not quite taken yet but that's all I can see too, heavy sell below 6850 and 6827 obviously. First TP from 6770 then 6720. {image}
excellent job, stulic
now i am completely flat on au. do not like to trade at important potential breakout levels, prefer to wait for confirmation. sell order placed at 6920 just in case if it bounces.
As Above, So Below
  • #94,743
  • Jan 20, 2016 12:43am Jan 20, 2016 12:43am
Quoting slk
{quote} Ok, good advise. Dont go against the trend. But which trend? 1 min trend? 5 min trend? 15 min trend? 30 min trend? 1 hour trend? 4 hour trend? Daily trend? Weekly trend? Monthly trend?
the trend on time frame you trade. i go to lower tfs only to see what is going inside the trend and for precise entry.
As Above, So Below
  • #94,744
  • Jan 20, 2016 12:44am Jan 20, 2016 12:44am
Quoting tashkent
{quote} the trend on time frame you trade. i go to lower tfs only to see what is going inside the trend and for precise entry.
Nice. Good strategy.
  • #94,745
  • Jan 20, 2016 12:49am Jan 20, 2016 12:49am
Quoting tashkent
{quote} the trend on time frame you trade. i go to lower tfs only to see what is going inside the trend and for precise entry.
Sometimes I still feel difficult to get the good entry point.
Several times I open trade the price hit my SL then goes to hit my TP (after I loss of course), hahaha... bad luck
Don't trust me. I'm still newbie
  • #94,746
  • Jan 20, 2016 12:51am Jan 20, 2016 12:51am
Quoting slk
{quote} Nice. Good strategy.
i know it is confusing. the trend is everywhere, in all time frames and it is relative. the best thing is identifying the trend on weekly or daily chart first and trade the 4h or 1h. for entry and exits better to use 15m.
As Above, So Below
  • #94,747
  • Jan 20, 2016 12:54am Jan 20, 2016 12:54am
Quoting niubee
{quote} Sometimes I still feel difficult to get the good entry point. Several times I open trade the price hit my SL then goes to hit my TP (after I loss of course), hahaha... bad luck
that happens to everyone. just make sure you are backed up by daily trend. use smaller tfs for entry. do not put all your money in one position. start smaller and keep adding if trade goes your way, if wrong you can get out with tiny loss.
As Above, So Below
  • #94,748
  • Jan 20, 2016 12:56am Jan 20, 2016 12:56am
Quoting niubee
{quote} Sometimes I still feel difficult to get the good entry point. Several times I open trade the price hit my SL then goes to hit my TP (after I loss of course), hahaha... bad luck
Sounds like it's not your entry that's the problem but your R:R ratio. Maybe your SL is just too tight.
Don't get mad, get even!
  • #94,749
  • Jan 20, 2016 12:58am Jan 20, 2016 12:58am
Quoting niubee
{quote} Sometimes I still feel difficult to get the good entry point. Several times I open trade the price hit my SL then goes to hit my TP (after I loss of course), hahaha... bad luck
The trick is dont use a sl or place the sl on top of res and below sup
20 Pips a day keeps centerlink away
  • #94,750
  • Jan 20, 2016 1:31am Jan 20, 2016 1:31am
Quoting stulic
{quote} Sounds like it's not your entry that's the problem but your R:R ratio. Maybe your SL is just too tight.
My ratio is 1:5
SL 20 pips, TP 100 pips.

But if I see I have profit about 20 pips, I move my SL to lock profit 5 pips.
Don't trust me. I'm still newbie
  • #94,751
  • Jan 20, 2016 1:31am Jan 20, 2016 1:31am
Quoting tashkent
{quote} that happens to everyone. just make sure you are backed up by daily trend. use smaller tfs for entry. do not put all your money in one position. start smaller and keep adding if trade goes your way, if wrong you can get out with tiny loss.
@tashkent and @PaulDaemon
Thx for the advice
Don't trust me. I'm still newbie
  • #94,752
  • Jan 20, 2016 1:56am Jan 20, 2016 1:56am
  • #94,753
  • Jan 20, 2016 2:20am Jan 20, 2016 2:20am
Quoting SkyrEk
{quote} Sorry mate, i entered long at .6862 Contrarian trade for sure Tight SL at .6850
Out at .6870.
8pips profit, better than nothing.

Errands to run today, won't be trading for the rest of the day.

Have a great London trading session ahead!
  • #94,754
  • Jan 20, 2016 2:30am Jan 20, 2016 2:30am
Trying long - stop in place

Posted as it is not after the facts and after winning

Attached Image
  • #94,755
  • Jan 20, 2016 2:39am Jan 20, 2016 2:39am
Quoting Ken A
Trying long - stop in place Posted as it is not after the facts and after winning {image}
hi, can you please explain why you try to long this pair?
  • #94,756
  • Jan 20, 2016 3:00am Jan 20, 2016 3:00am
Double bottom completed nicely.
20 Pips a day keeps centerlink away
  • #94,757
  • Jan 20, 2016 3:03am Jan 20, 2016 3:03am
Quoting Ken A
{quote} Because I don't want to sell where I take long Daily Chart {image}
I dont see any longs on my charts atm.
20 Pips a day keeps centerlink away
  • #94,758
  • Jan 20, 2016 3:03am Jan 20, 2016 3:03am
Quoting PaulDaemon
Double bottom completed nicely.
test of 6750 on the way
  • #94,759
  • Jan 20, 2016 3:11am Jan 20, 2016 3:11am
Nice weekly AB=CD pattern forming within channel to support
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDWeekly.png Size: 20 KB
Click to Enlarge Name: AUDUSDWeekly1.png Size: 27 KB
Come with me if you want to live....
  • #94,760
  • Jan 20, 2016 3:12am Jan 20, 2016 3:12am
Quoting eugenyk
{quote} test of 6750 on the way
Yeah looks like that earlier low 6827-30 has to give in first. Both brent and w.texas hit another new lows again and european markets opened sharply lower too, no risk today looks like this one is heading off the cliff again.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1b.png Size: 43 KB
Don't get mad, get even!
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