Attachments: AUDUSD Trading Pit

AUDUSD Trading Pit

#421
Mar 19, 2016 3:27pm Mar 19, 2016 3:27pm

asgcorp
Joined Feb 2014 | Status: trading bank levels | 8,143 Posts

there's no point fighting a strong uptrend in AUDUSD especially since we are still in wave 5 of the uptrend since mid-feb.
the wave 5 should complete near 7700-7750 area, where the trend should reverse and a/b/c correction will take off. Until then it's going to get yous in a nasty drawdown if you go short.

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#422
May 3, 2016 10:33am May 3, 2016 10:33am

cold chisel
| Joined Jun 2011 | Status: Trader | 279 Posts

Hey, where is everybody? The pair is coming to life again. I would like to see your thoughts on this pair. C'mon guys, don't hide. Show up, please.

#423
May 5, 2016 3:41am May 5, 2016 3:41am

KeenPips
Joined Dec 2015 | Status: Trader | 8,751 Posts

Hello all! In your trading of AU or other pairs did you learn anything last week for better trading today? If yes, and you want to share your experience and help fellow FF members, click a lesson learnt. Green pips to you.

KP

Do your homework, follow the footprints of smart money

#424
May 5, 2016 5:05am May 5, 2016 5:05am

nimbinsstone
| Joined Mar 2015 | Status: Trader | 299 Posts

Quoting asgcorp

Disliked

there's no point fighting a strong uptrend in AUDUSD especially since we are still in wave 5 of the uptrend since mid-feb. the wave 5 should complete near 7700-7750 area, where the trend should reverse and a/b/c correction will take off. Until then it's going to get yous in a nasty drawdown if you go short. {image}

Ignored

you nailed it
sadly I chicken out on this and the geppy the day before and missed both
another lesson learnt