I'm still holding Longs TK.
...Mind if they don't get a move on - I'll be drawing on my bloody pension at this rate
...Mind if they don't get a move on - I'll be drawing on my bloody pension at this rate
AUDUSD/AUDCHF/NZDJPY basket trading using 50 sma and 200 sma 16 replies
Pit Traders - How Do We Classify Their Trading Style? 6 replies
Disliked{quote} indeed, trading au has been little tricky. i tried to position myself for longer term (more from short side) but price keeps coming back with no clear direction. now for some time we are in a range between 7100 and 7260. swing trading would have been much profitable just shorting highs and buying lows and do not know when we will break the range. i hope that will happen this week. for now we are still in a mid term bullish leg.Ignored
Disliked{quote} I'm afraid that strategy won't work for me FX. I work on a mine site doing 12 and a half hour shifts, and no personal electronic devices, including mobile phones, are allowed on site. It makes trading a bit difficult. It sucks when you've got trades on and can't monitor them.Ignored
So..You wont really miss much at all - you could trade all the major currency pairs on both timeframes looking for your 'set up' - that's going to mean approx. 16 - 20 charts of opportunity.
Just set your entry points and target levels and off you go
As an example I've been Long on AUD / USD for a few weeks. I had three entries and took profits on one. I have target levels in place...Now I could sit here looking at the AUD USD weekly chart but what's the point? I'm not actually doing anything which requires intervention..
DislikedI'm still holding Longs TK. ...Mind if they don't get a move on - I'll be drawing on my bloody pension at this rateIgnored
DislikedVery possibly TK - to me anything less than the daily chart is mess and slop on this pair at present and its certainly having issues around 7240 - so who knows. Its a bit of an each way bet 'right here / right now' I'm holding these AU Longs for the time being and am more active on GBP / USD - but that's another thread...Ignored
Disliked{quote} longs have been paying well, have to say but i am seeing some exhaustion at the tops. do not know if this is valid. {image}Ignored
Disliked{quote} cable is an interesting pair to trade. speaking about gbp, pound/aussie may offer some good trading opportunities in coming weeks {image}Ignored
Disliked{quote} Agree, many exhaustion (4 to be exact) on the 4hr. R/R is sweet to short at the top, yet the bullish strength is undeniable when closing in on .72 support level. Hence, we will be in a range until there is a strong catalyst to enable AU to break out from either end.Ignored
Disliked{quote} this is what pissing me off. lol we are back to above 7230 again. i think we definitely need a surprise nfp to get out of this damn rangeIgnored
DislikedThere is not much I can add since my last chart - entries circled with a buy limit placed. {image}Ignored
Dislikedthe stoch. is showing that the au will go north - long but FORCE INDEX ( MT4) of 14 is showing fade strength so i close my both au trades with minor profit as shown above and i transfer my scalping trades to another pairs such as GBPJPY and eurusd {image}Ignored
Disliked{quote} yes please close those au longs, maybe that is why it keeps hitting the roof. bear also need to make some money buddyIgnored