DislikedForever the contrarian...I'm long and see a test of at least 75 in the coming weeksIgnored
Taking entries off 6830 allowed tight entries off a barrier level to scale out, bank, manage risk and hold...
EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies
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The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies
AUD Trade Balance and AUD Retail sales 6 replies
DislikedForever the contrarian...I'm long and see a test of at least 75 in the coming weeksIgnored
Disliked{quote} Yep, and I see you've done the same 👍 ... Ironically we were both shorting the USD CAD at the same time for much the very same reasons (my posts and calls are in that thread). Get in tight, watch the leverage, manage the risk, scalp a few out en route and wait. They won't all run to target but providing you've got a decent range and managed the leverage you've put yourself in a good placeIgnored
Disliked{quote} Well I won't lie, that was unexpected, but I guess not unreasonable {image}Ignored
DislikedForever the contrarian...I'm long and see a test of at least 75 in the coming weeksIgnored
Disliked{quote} Agreed, I certainly wasn't expecting this big a bounce from 70c and certainly not this quick. I currently have 3 shorts (all underwater) from 7128 to 7161 but will patiently add if it keeps going up and expect an overall profit (if not on each entry) within a week.Ignored
DislikedUgh, ended up taking a small loss on my short at 0.7070, and it seems my thesis has changed. Looking at the weekly and monthly charts, I'm now looking to buy dips on aud/usd and sell rallies on usd/cad. Oil may have found a bottom, and it now looks like there is zero chance of a fed hike in March and only a 30-40% chance of another hike in 2016. Looks like aud/usd has a lot of room to move higher if it can break the 0.73 area.Ignored
DislikedI'm in with a short from 71.77. Also a long on USD/CAD from 1.3778. I got hit by the unexpected last night...obviously not alone. Previous self analysis of trades showed I had been taking profits too soon, so yesterday I let shorts run on AUD/USD from .7120 and .7074(although I had an order to sell one lot at .70 that didn't quite happen). Went to sleep comfortably last night here in Oz secure in the knowledge my SL on trades was tight but safe, expecting the rally to peter out. Woke up today to find SL was hit on all trades, profits evaporated...Ignored
Disliked{quote} "My thesis has changed". A lot of that going on today. I don't like the fundamentals of Australian economy right now. Reserve Bank on record for seeking lower exchange rate as well. But yesterday's reversal with POWERFULL candle on daily says disregard fundamental philosophy. And generally speaking, as far as fundamentals are concerned, exchange rates seem to be out of control of Reserve Banks everywhere.....China, Japan, U.S., EU, Australia.Ignored
Disliked{quote} Kudos that you are doing self analysis - keep it up! Bear in mind that what works in one situation may not work in others. Sometimes chopping and changing too much can be your undoing as you are always chasing what would have just worked. That said retreating to quick scalps whilst you digest lessons suggests you have a backup plan and are acting rationally. I prefer consistent profits to a big win and aren't afraid to leave pips on the table. I would not have been looking to add shorts when price had dropped from .7130 to .7002 and in your...Ignored