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AUDUSD Trading Pit

  • #301
  • Mar 7, 2016 7:43am Mar 7, 2016 7:43am
Quoting Nat1173
I just found your forum today, and read your posts. I think appreciate your sharing. Great comment, Tashkent,,,,i believe you are right. I will tell you that I just started trading forex, six months ago. I'm a newbie, but, I do have investing, and financial planning experience. I was fortunate to meet someone, who taught me how to trade forex, an din particular, taught me a cool hedge technique. I will share this with you. I am currently short AUD, as well as many of you. I didn't hedge,,,a mstake I have made a few times....and I have been making...
Hi Nat,
thank you for the contribution and sharing your trading technique with us. please let us know the results this week if possible.
meanwhile there are many other ways of trading with some martingale and hedge involved.
one of them is "zone recovery algo" which is explained here:
Inserted Video
As Above, So Below
  • #302
  • Mar 7, 2016 8:52am Mar 7, 2016 8:52am
ok AU here we go.
  • #303
  • Mar 7, 2016 9:23am Mar 7, 2016 9:23am
stay long till 7500? or fade the rally..?
  • #304
  • Mar 7, 2016 9:33am Mar 7, 2016 9:33am
Quoting starscapital
stay long till 7500? or fade the rally..?
long 7540-60 then see price re-action and probably flip the other way.
  • #305
  • Mar 7, 2016 10:55am Mar 7, 2016 10:55am
Quoting tashkent
{quote} ... one of them is "zone recovery algo" which is explained here: https://www.youtube.com/watch?v=DJz4E7VyeSw
Yes, another Martingale variant - he (Joseph Nemeth) looks and sounds very confident. More than likely it is a scam. You can see its progress in 4X-DAT thread here in FF.
  • #306
  • Mar 7, 2016 11:24am Mar 7, 2016 11:24am
Quoting karelk
{quote} Yes, another Martingale variant - he (Joseph Nemeth) looks and sounds very confident. More than likely it is a scam. You can see its progress in 4X-DAT thread here in FF.
the technique itself seems ok at first glance. you have a zone for buy and sell and targets for both directions. trader is good as long as price hits one of the targets. but then comes the problem: what if trader is stuck in a ping pong game and system keeps sucking up all the capital within a range without hitting neither of targets? considering we do not have unlimited capital, we have no more money to hedge the other position at the end. if price finally hits the target in unhedged direction, this means end game. buy that time we have already used of a chunk of capital, which will lead to a heavy drawdown.
however, it may work if we have quite big capital and start the initial position very small (something like 0.1-0.5% of total capital)
As Above, So Below
  • #307
  • Mar 7, 2016 11:52am Mar 7, 2016 11:52am
talking about martingale i remembered this:
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As Above, So Below
  • #308
  • Mar 7, 2016 11:59am Mar 7, 2016 11:59am
Quoting tashkent
talking about martingale i remembered this: {image}
holy shit, this is insane bro!
  • #309
  • Mar 7, 2016 4:26pm Mar 7, 2016 4:26pm
Quoting Soyo24
Buy on pullbacks.
✔✔✔
  • #310
  • Mar 7, 2016 10:11pm Mar 7, 2016 10:11pm
next target to the upside is 76. there is no meaning of talking about downside levels under current pa. if 4h closes well below 7390, we may have a few things to discuss. until then, it is more logic to look at the levels to the upside. meanwhile, gold and silver showing high correlation with aud and without any doubt, rising metal prices are one of the main factors in aud rise. gold and silver may have some room to go up as well as aud.
on the other side, what scares me that aud is neglecting all negative data and today's chinese trade balance is another example. the data was just horrible, worst for the past 10 months. nevertheless almost no effect on aud. something really bad waiting in the corner.
let's wait and watch.
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As Above, So Below
  • #311
  • Mar 7, 2016 10:30pm Mar 7, 2016 10:30pm
Quoting tashkent
next target to the upside is 76. there is no meaning of talking about downside levels under current pa. if 4h closes well below 7390, we may have a few things to discuss. until then, it is more logic to look at the levels to the upside. meanwhile, gold and silver showing high correlation with aud and without any doubt, rising metal prices are one of the main factors in aud rise. gold and silver may have some room to go up as well as aud. on the other side, what scares me that aud is neglecting all negative data and today's chinese trade balance...

Get the same feeling something is around the corner. Base / precious metals (and oil) have rallied pretty hard, but i get the distinct impression it'll be short lived. Today's CH data was awful, and I suspect (guess) the rally in gold is positioning for a large Yuan deval (which the PBOC denies this will occur, however a few hedgies are betting they will).

So... I'm with you... shorting all the way up heh.
Corripe Cervisiam!
  • #312
  • Mar 7, 2016 10:49pm Mar 7, 2016 10:49pm
Quoting paddlepip
{quote} Get the same feeling something is around the corner. Base / precious metals (and oil) have rallied pretty hard, but i get the distinct impression it'll be short lived. Today's CH data was awful, and I suspect (guess) the rally in gold is positioning for a large Yuan deval (which the PBOC denies this will occur, however a few hedgies are betting they will). So... I'm with you... shorting all the way up heh.
we need to survive until the show starts
audjpy is also building a good short setup - possible triple top
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As Above, So Below
  • #313
  • Mar 8, 2016 1:12am Mar 8, 2016 1:12am
Quoting paddlepip
{quote} Get the same feeling something is around the corner. Base / precious metals (and oil) have rallied pretty hard, but i get the distinct impression it'll be short lived. Today's CH data was awful, and I suspect (guess) the rally in gold is positioning for a large Yuan deval (which the PBOC denies this will occur, however a few hedgies are betting they will). So... I'm with you... shorting all the way up heh.
0.7770 is the target to aim for. But. 1st comes 0.7330.
Combat crazy markets with crazy trading
  • #314
  • Mar 8, 2016 9:40am Mar 8, 2016 9:40am
Quoting tashkent
{quote} we need to survive until the show starts audjpy is also building a good short setup - possible triple top {image}
for gods sake tash please turn your pm on...
I really like your contributions keep it up bro
  • #315
  • Mar 8, 2016 9:54am Mar 8, 2016 9:54am
thank you Tashkent...appreciate the video, I have had to increase my capital,,and am sitting in a short...it was a hedge, that I got too scared to hdge again, due to the lot sixe I would have needed. keep waiting for aud to start its decline, for pity's sake. it does feel like the calsm before the storm.

Holding on, and looking forward to shorts finally succeeding.

going forward, I am trading small lot size only. I have 20,000 capital, and i will trade base on 10% of that, so $2000 is my base capital. the 18000, will be cushion.
I cant take the stress.
  • #316
  • Edited 10:51am Mar 8, 2016 10:40am | Edited 10:51am
Quoting alayinizAMK
{quote} for gods sake tash please turn your pm on... I really like your contributions keep it up bro
hey AMK (what a nick, lol) glad to see your around, buddy
i want to share something here, just my thoughts.
we have strong daily and weekly chart which indicating only up. so we are in a strong bullish trend. no question here.
however there are a few little things which probably worth paying attention to.
now in smaller tf, we have lower high. unfortunately it is balanced with higher low on the other side.
basically we have more people with money coming in and one good thing for bull is that they think price went up too much and 7470 is a good spot to sell. they are eager to get in earlier and not even waiting for double top or higher high.
on the other side we have buyers who think they got a very cheap price around 7410 and hoping to see above 75.
so most probably we will stuck in that range for a short period of time and the winner who breaks the range will have the prize.
7410 to 7470 is the zone to pay attention and place orders properly.
as a seller the level i am watching is 7460. i want to see if bear has the same opinion about this as 7470
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As Above, So Below
  • #317
  • Mar 8, 2016 11:30am Mar 8, 2016 11:30am
I am bearish from .7338 and now i am -120 pips. What i need to get in mind to close my short trades to avoid losses for more than 150 pips?
  • #318
  • Mar 8, 2016 2:16pm Mar 8, 2016 2:16pm
Quoting tashkent
{quote} hey AMK (what a nick, lol) glad to see your around, buddy i want to share something here, just my thoughts. we have strong daily and weekly chart which indicating only up. so we are in a strong bullish trend. no question here. however there are a few little things which probably worth paying attention to. now in smaller tf, we have lower high. unfortunately it is balanced with higher low on the other side. basically we have more people with money coming in and one good thing for bull is that they think price went up too much and 7470...
thanks tash
I just like people who put their money where their mouth is who doesn't.. the pm is bothering but still good you are around giving small hints, trades and good webs to visit
  • #319
  • Mar 8, 2016 6:32pm Mar 8, 2016 6:32pm
Quoting alayinizAMK
{quote} thanks tash I just like people who put their money where their mouth is who doesn't.. the pm is bothering but still good you are around giving small hints, trades and good webs to visit
i hear what you say bro.

we have 3 types of people in FF:

1) bullshitters (wannabe professionals, self proclaimed gurus, advisers, teachers - they never ever tell you anything about their real trades, positions they are holding. they never ever have anything to prove their bias. in one word, they are prostitutes) -they are about %20

2) lurkers (with the greatest probability, most of them will never ever make any contribution to anything, in one word, they are parasites who feed on productivity of others) - about %75

3) traders (these are mostly honest people who share with their trades and opinions and have open positions to back that up. they are not ashamed to talk about their losing trades and do not give a fu@k what others think about them) - about 5%

I try to be among the 3rd type of members but i guess i am still a type 1 member in the yes of some people

i very much hope that i will not be stoned for this post
As Above, So Below
  • #320
  • Mar 8, 2016 6:43pm Mar 8, 2016 6:43pm
Quoting tashkent
{quote} i hear what you say bro. we have 3 types of people in FF: 1) bullshitters (wannabe professionals, self proclaimed gurus, advisers, teachers - they never ever tell you anything about their real trades, positions they are holding. they never ever have anything to prove their bias. in one word, they are prostitutes) -they are about %20 2) lurkers (with the greatest probability, most of them will never ever make any contribution to anything, in one word, they are parasites who feed on productivity of others) - about %75 3) traders (these are...
people leave, but this thread will go on for ever
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