AUD/USD

Quoting NotAtrader

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{quote} Hi. I am short and I am loosing at the moment. And I have no problems admitting that. I still believe that AUD/USD will fall down a lot this week. Target 0.7448 Trade safe... NaT

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Quoting slk

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{quote} Nobody cares about loosing at the moment mate. End result is all that matters and if u have made 200K in 7 months, u've pretty much got a solid strategy on your hands. Keep doing what you are doing and u are well on yr way to millions. Oh yeah, I've been short Aussie for months now, still awaiting my elusive 0.72. My short is around 0.76 now, after months of negative swap.

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Quoting NotAtrader

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{quote} Yes mate I really hope that nobody really cares how much money I have. My strategy is pretty simple. I've got a limited knowledge about technical analysis but it works for me. I also pay strong attention to the fundamental part as for me this is a stronger factor. And third - I never close a losing trade thus I never lose. Believe it or not this is what I do. And yes I have plans to continue doing exactly that. That's my full time job now. Cheers and believe in your trading decisions. NaT

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Quoting NotAtrader

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{quote} . Technically it looks bearish,

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Quoting NotAtrader

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{quote} Yes mate I really hope that nobody really cares how much money I have. My strategy is pretty simple. I've got a limited knowledge about technical analysis but it works for me. I also pay strong attention to the fundamental part as for me this is a stronger factor. And third - I never close a losing trade thus I never lose. Believe it or not this is what I do. And yes I have plans to continue doing exactly that. That's my full time job now. Cheers and believe in your trading decisions. NaT

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Quoting cold chisel

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{quote} How long have you been doing this? If more than a decade - you are a genius (doing it without losses), if not then... once in a blue moon you'll loose more than you want to (let's say a few thousand pips), if you somehow happen to be on the other side of a powerful trend. Cut your looses short and extend your profits as much as possible. Paul Daemon is right: trade without leverage and you can hold a position without the nasty biting swaps for years, but still what if price never returns?

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Quoting cold chisel

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{quote} How long have you been doing this? If more than a decade - you are a genius (doing it without losses), if not then... once in a blue moon you'll loose more than you want to (let's say a few thousand pips), if you somehow happen to be on the other side of a powerful trend. Cut your looses short and extend your profits as much as possible. Paul Daemon is right: trade without leverage and you can hold a position without the nasty biting swaps for years, but still what if price never returns?

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Quoting NotAtrader

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{quote} Hi. I began trading one year ago with binay options. That was a complete disaster. I lost about 30k during 4 months. Then me and my wife had a important talk and we decided to continue, but only after I find another and better way of trading. We decided to try CFG and invested 800$. Seven months later I have almost 200k. If my wife didn't support me I wouldn't be able to do it. She told me "If we lose we lose together. If we win we win together. We are together in everything" This was enough for me to give me the courage to risk our money...I...

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Quoting KeenPips

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NaT, I love your story, and your candour. KP {quote}

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Quoting NotAtrader

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{quote} Hi. I began trading one year ago with binay options. That was a complete disaster. I lost about 30k during 4 months. Then me and my wife had a important talk and we decided to continue, but only after I find another and better way of trading. We decided to try CFG and invested 800$. Seven months later I have almost 200k. If my wife didn't support me I wouldn't be able to do it. She told me "If we lose we lose together. If we win we win together. We are together in everything" This was enough for me to give me the courage to risk our money....

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Quoting NotAtrader

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{quote} KP, nice name btw. Thanks mate! BTW I don't know what is the average prosperity of the traders around here, but judging from the input and the suggestions everybody comes up with, I would say that the skills are high. Not that I understand everything that they say, but to me it looks like something with professional value. However no matter what skill level we have, I wish a very good luck to everyone and don't mess around with the big guys because they can take our money whenever they want. NaT

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Quoting NotAtrader

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{quote} Hi. I began trading one year ago with binay options. That was a complete disaster. I lost about 30k during 4 months. Then me and my wife had a important talk and we decided to continue, but only after I find another and better way of trading. We decided to try CFG and invested 800$. Seven months later I have almost 200k. If my wife didn't support me I wouldn't be able to do it. She told me "If we lose we lose together. If we win we win together. We are together in everything" This was enough for me to give me the courage to risk our money....

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Quoting NotAtrader

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{quote} KP, nice name btw. Thanks mate! BTW I don't know what is the average prosperity of the traders around here, but judging from the input and the suggestions everybody comes up with, I would say that the skills are high. Not that I understand everything that they say, but to me it looks like something with professional value. However no matter what skill level we have, I wish a very good luck to everyone and don't mess around with the big guys because they can take our money whenever they want. NaT

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Quoting thewriter30

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Hi all, I can see in this daily AUD chart a triangle bias to the upside (cyan dotted lines) and an upside channel (red lines) How good traders know which one is which? {image}

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Quoting cold chisel

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{quote} Fair enough. We can always get back to this after a decade of your trading. A year, even a GREAT year is not ENOUGH. It's just a start. How do I know this? Through experience... And please en-light me what is CFG. I know and traded CFDs for several years, but have no idea what CFG is.

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Quoting thewriter30

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{quote} Could anybody have a go at my question?

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Quoting PaulDaemon

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{quote} The triangle has closed out on the weekly time frame to the downside . It has only compromised the upside of the triangle on the weekly but never closed out. Your trend channel on the daily has been compromised on the support , this means it has weakened. Also it has failed to reach the top of the channel which also shows a failing trend. As you have noticed thought out today price as struggled to get back inside the triangle.

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Quoting thewriter30

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{quote} Thanks mate!. So I should look at the weekly first? is that what you do, weekly then daily? Would love to know more of your analysis. I see you talk about TA, i will look in the forum for more clues on that...not sure what it is now. back to my snapshot, couldnt the channel still hold? that is the price could still go back up and keep the aussie inside that daily channel couldnt it? I noticed that most currencies were weak against the usd (today they recovered though) and yet the AUD wouldnt move...

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Quoting thewriter30

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{quote} Thanks mate!. So I should look at the weekly first? is that what you do, weekly then daily? Would love to know more of your analysis. I see you talk about TA, i will look in the forum for more clues on that...not sure what it is now. back to my snapshot, couldnt the channel still hold? that is the price could still go back up and keep the aussie inside that daily channel couldnt it? I noticed that most currencies were weak against the usd (today they recovered though) and yet the AUD wouldnt move...

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Quoting thewriter30

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{quote} Thanks mate!. So I should look at the weekly first? is that what you do, weekly then daily? Would love to know more of your analysis. I see you talk about TA, i will look in the forum for more clues on that...not sure what it is now. back to my snapshot, couldnt the channel still hold? that is the price could still go back up and keep the aussie inside that daily channel couldnt it? I noticed that most currencies were weak against the usd (today they recovered though) and yet the AUD wouldnt move...

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