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AUD/USD

  • #95,661
  • Feb 21, 2016 9:26pm Feb 21, 2016 9:26pm
Going short @ 0.719 TP0.71
  • #95,662
  • Feb 21, 2016 10:24pm Feb 21, 2016 10:24pm
Anyways........


my story is interesting. I dabbled in the Forex market with 6k and lost it all. I noticed one thing about risk management. You can't make very much a month unless you have a small amount and risk a lot and get really lucky or you have a lot and you risk very little. So I took one years tax return and lied and got 30k back in tax refund then invested it in Forex and made it all back in a month. So I amended my taxes and gave the IRS the 30k back. I kept the other 30 k and now after a year I have made 20k by taking small lots and holding positions with the current trend. AudUsd is my favorite just with a 50 day period moving average I've taken shorts on the 4hr chart. My account is now at 50k and I span my positions out. I'll start with a 11 lot short of I miss it the first time I still have more arrows in my bag. I know this is a terrible way to get ahead and could have lost it all including my freedom so I don't suggest anyone doing this. Just my story and thought I would share
  • #95,663
  • Feb 21, 2016 11:58pm Feb 21, 2016 11:58pm
Quoting iwillwait
Anyways........ my story is interesting. I dabbled in the Forex market with 6k and lost it all. I noticed one thing about risk management. You can't make very much a month unless you have a small amount and risk a lot and get really lucky or you have a lot and you risk very little. So I took one years tax return and lied and got 30k back in tax refund then invested it in Forex and made it all back in a month. So I amended my taxes and gave the IRS the 30k back. I kept the other 30 k and now after a year I have made 20k by taking small lots and holding...
Totally agree with you mate. I lost money too because i didnt give a damn with risk management before, but I'm trying now...slowly but surely,,

keep it up my man!
"Risk comes from not knowing what you're doing"
  • #95,664
  • Feb 22, 2016 12:10am Feb 22, 2016 12:10am
right bows a good time to sell
  • #95,665
  • Feb 22, 2016 12:11am Feb 22, 2016 12:11am
sold 13 lots here
Attached Image (click to enlarge)
Click to Enlarge Name: image.png Size: 96 KB
  • #95,666
  • Feb 22, 2016 12:44am Feb 22, 2016 12:44am
Looking to SELL this pair... bearish divergence on Hourly chart,
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.png Size: 100 KB
"Risk comes from not knowing what you're doing"
  • #95,667
  • Feb 22, 2016 1:01am Feb 22, 2016 1:01am
imo its to early to short 0.7180 resistance looks shaky this pair probably heading to 0.73xx
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #95,668
  • Feb 22, 2016 1:10am Feb 22, 2016 1:10am
Quoting iwillwait
Anyways........ my story is interesting. I dabbled in the Forex market with 6k and lost it all. I noticed one thing about risk management. You can't make very much a month unless you have a small amount and risk a lot and get really lucky or you have a lot and you risk very little. So I took one years tax return and lied and got 30k back in tax refund then invested it in Forex and made it all back in a month. So I amended my taxes and gave the IRS the 30k back. I kept the other 30 k and now after a year I have made 20k by taking small lots and holding...

Careful Big Brother is watching. Make sure you pay tax on the 20 thousand. Wow lost 6 and borrowed 30 from Uncle Sam to chase it!
  • #95,669
  • Feb 22, 2016 1:26am Feb 22, 2016 1:26am
Quoting iwillwait
Anyways........ my story is interesting. I dabbled in the Forex market with 6k and lost it all. I noticed one thing about risk management. You can't make very much a month unless you have a small amount and risk a lot and get really lucky or you have a lot and you risk very little. So I took one years tax return and lied and got 30k back in tax refund then invested it in Forex and made it all back in a month. So I amended my taxes and gave the IRS the 30k back. I kept the other 30 k and now after a year I have made 20k by taking small lots and holding...

Cool story though. But I suspect you wrestle with the Devil when it comes to risk management. Uncle Sam will be watching to see if you visit Disneyland again. hewillwait
  • #95,670
  • Feb 22, 2016 1:55am Feb 22, 2016 1:55am
break of 0.7180 probably will send the pair to 0.7220-30
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #95,671
  • Feb 22, 2016 2:00am Feb 22, 2016 2:00am
AudUsd ====>
Buy Stop = 71800 / TP = 71979 / SL = 71554
if this order trigger ; open 2* lot Sell Stop = 71554 / TP = 71445 / SL = 71777
GL
do not stand out in the open with gun ;stand in the bushes with knife..
  • #95,672
  • Edited 4:00am Feb 22, 2016 3:41am | Edited 4:00am
Right up close to maximum retracement before invalidation.
IF top is formed at 0.7196, an expanding diagonal c is complete, resulting swift decline retracing 100% of ED.
It's make or break time.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30 22Feb16.png Size: 48 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #95,673
  • Feb 22, 2016 4:43am Feb 22, 2016 4:43am
aussie seems in good shape, will watch out for some tailwind
  • #95,674
  • Feb 22, 2016 6:23am Feb 22, 2016 6:23am
Looks like we are near the top of a tl at 0.7200 ish, could be a good place to sell, look at bar shape and PA to see...
  • #95,675
  • Feb 22, 2016 7:40am Feb 22, 2016 7:40am
Quoting Don96
Looks like we are near the top of a tl at 0.7200 ish, could be a good place to sell, look at bar shape and PA to see...
still has more room to the upside
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #95,676
  • Feb 22, 2016 9:01am Feb 22, 2016 9:01am
let's see if 0.7220-30 caps this move or it blows right through
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #95,677
  • Feb 22, 2016 9:08am Feb 22, 2016 9:08am
Exceeds 72400, 73000 first target
  • #95,678
  • Feb 22, 2016 11:29am Feb 22, 2016 11:29am
if people are wondering why the Aussie being bought big time just have a look at mining stocks and commodities prices
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #95,679
  • Feb 22, 2016 12:10pm Feb 22, 2016 12:10pm
yes, gold and silver mainly.
As Above, So Below
  • #95,680
  • Feb 22, 2016 12:16pm Feb 22, 2016 12:16pm
Quoting blue_z_zz
if people are wondering why the Aussie being bought big time just have a look at mining stocks and commodities prices
What is reason for NZDUSD? ...Dairy prices went down recently? Must be something else...
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