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AUD/USD

  • #99,581
  • Nov 11, 2016 8:59am Nov 11, 2016 8:59am
Quoting Dazza3500
{quote} Hope you got on mate, was a good clean 200pips. Im closing out half now and letting the other half ride with s/l at b/e
i think we're talking about different pairs...the A/u didn't recover much.

I still have a hunch that this thing may not really be a sell, and that it's going to end up being a bear trap. the way it's going down, is all too reminiscent of "don't think, go with the flow". When that ends and real money flows in the story may be different. Well, I may be wrong. But the best trade for me now is no trade in this pair.
In other pairs, at least the euro appears to have steadied and may be looking good for a short term buy.
  • #99,582
  • Nov 11, 2016 9:02am Nov 11, 2016 9:02am
Quoting PaulDaemon
Watch for a break below the triangle. Close out on daily candle will signal 600 pip drop.
Yes, its a big move to the downside. But the pattern is not a triangle.
  • #99,583
  • Nov 11, 2016 9:09am Nov 11, 2016 9:09am
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  • #99,584
  • Nov 11, 2016 9:25am Nov 11, 2016 9:25am
Quoting Jfrancis
{quote} Yes, its a big move to the downside. But the pattern is not a triangle.
on the weekly.
20 Pips a day keeps centerlink away
  • #99,585
  • Nov 11, 2016 9:28am Nov 11, 2016 9:28am
Quoting PaulDaemon
{quote} on the weekly.
will do an analysis over the week end and follow up from previous posts.
20 Pips a day keeps centerlink away
  • #99,586
  • Nov 11, 2016 9:39am Nov 11, 2016 9:39am
Quoting PaulDaemon
{quote} on the weekly.

I know exactly what you're thinking. But its still not a triangle pattern.
  • #99,587
  • Nov 11, 2016 1:21pm Nov 11, 2016 1:21pm
Tricky pair to trade.
  • #99,588
  • Nov 11, 2016 1:48pm Nov 11, 2016 1:48pm
This pair is dead for the moment. One doesn't know what to expect.
I am short, but I am scared to death. I don't know where to put my TP or how long to keep my shorts running.
Anyone short? Any suggestions?

NaT
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #99,589
  • Nov 11, 2016 2:14pm Nov 11, 2016 2:14pm
Quoting NotAtrader
This pair is dead for the moment. One doesn't know what to expect. I am short, but I am scared to death. I don't know where to put my TP or how long to keep my shorts running. Anyone short? Any suggestions? NaT
I have been holding my shorts from 0.775** area and closing a few at 0.744** area then 0.71** for final TP...
  • #99,590
  • Nov 11, 2016 2:25pm Nov 11, 2016 2:25pm
Quoting jusstin911
{quote} I have been holding my shorts from 0.775** area and closing a few at 0.744** area then 0.71** for final TP...
Thanks Jusstin911.
0.71 is a huge drop down from where we are now. I even heard something like 600 p down. That is huge. When do you expect this drop?
Thanks in advance
Trade safe

NaT
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #99,591
  • Nov 11, 2016 2:26pm Nov 11, 2016 2:26pm
It seems that the weekly will close with a big bearish engulfing candlestick. What do you think guys, will this pair go to the next big support around 1.4140!?
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  • #99,592
  • Nov 11, 2016 2:35pm Nov 11, 2016 2:35pm
Quoting pipshaman
It seems that the weekly will close with a big bearish engulfing candlestick. What do you think guys, will this pair go to the next big support around 1.4140!? {image}
Hi pipshaman.
Do you mean 0.4140?
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #99,593
  • Nov 11, 2016 2:58pm Nov 11, 2016 2:58pm
Quoting NotAtrader
{quote} Thanks Jusstin911. 0.71 is a huge drop down from where we are now. I even heard something like 600 p down. That is huge. When do you expect this drop? Thanks in advance Trade safe NaT
Well, I am more of a swinger and could hold a position for days, weeks or even months.. So I am in for the long run
  • #99,594
  • Edited 3:27pm Nov 11, 2016 3:04pm | Edited 3:27pm
Quoting jusstin911
{quote} Well, I am more of a swinger and could hold a position for days, weeks or even months.. So I am in for the long run
Thanks jusstin. It will interesting to follow this one for at least next week.
NaT
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #99,595
  • Nov 11, 2016 6:01pm Nov 11, 2016 6:01pm
Quoting NotAtrader
This pair is dead for the moment. One doesn't know what to expect. I am short, but I am scared to death. I don't know where to put my TP or how long to keep my shorts running. Anyone short? Any suggestions? NaT
If you are scared to death my guess would be you have taken position sizes too large for where you are at. Do you have trading plan? If yes it should cover when to enter and exit rather than just guessing.

In the short term my recommendations would be to place stop at better than breakeven (assuming your positions are currently in profit).
If you have multiple positions (as suggested by your use of the plural) then it could be good to close one or some of them in profit and let others run as this can more safely allow you to open new positions if price ranges. Some will look to price action for clues as to when to close, I don't have time to monitor market all the time so tend to be more mechanical - limits every 50 odd pips. I've closed several positions in solid profit already and still have one short from 7708 left, another from 7550 and two more that I've held for ages that are in loss. I can hold these because they are small positions (relative to my account balance) and have added shorts when price went up past 77c.

Good luck.
Hope for the best, prepare for the worst.
  • #99,596
  • Nov 11, 2016 6:22pm Nov 11, 2016 6:22pm
Quoting NotAtrader
{quote} Hi pipshaman. Do you mean 0.4140?
Sorry, my mistake, 0.7140
  • #99,597
  • Nov 11, 2016 6:50pm Nov 11, 2016 6:50pm
Quoting skyhok
Or even this, towards c=a {image}
Expecting a last leg up in completing larger correction 4 red, before resuming down trend.
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Elliott Wave for optimum entry, exit and risk management of trades
  • #99,598
  • Nov 11, 2016 8:28pm Nov 11, 2016 8:28pm
This is how you make money ppl.

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  • #99,599
  • Nov 11, 2016 10:07pm Nov 11, 2016 10:07pm
Quoting Jfrancis
This is how you make money ppl. {image} {image}
Hello Jfrancis! Could you please explain your graphics. Just some words please.
Thanks in advance.
NaT
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #99,600
  • Nov 11, 2016 10:11pm Nov 11, 2016 10:11pm
Quoting dab
{quote} If you are scared to death my guess would be you have taken position sizes too large for where you are at. Do you have trading plan? If yes it should cover when to enter and exit rather than just guessing. In the short term my recommendations would be to place stop at better than breakeven (assuming your positions are currently in profit). If you have multiple positions (as suggested by your use of the plural) then it could be good to close one or some of them in profit and let others run as this can more safely allow you to open new positions...
Thanks dab! Good input. I appreciate your time.
NaT
No username yet? You are on my ignore list. Fuck off and do not quote me!
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