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AUD/USD

  • #99,721
  • Nov 17, 2016 3:22pm Nov 17, 2016 3:22pm
With shares since 2007, forex around 2009. I still see Forex as pure gambling. It could have gone up or down AFAIK. I only met one successful (shares) trader in my life, real person that is.
The problem is that those successful wont give a damn about posting here, so how can we learn???
Most of us would pay to learn, I lost lots of money on that. All crooks
  • #99,722
  • Nov 17, 2016 4:56pm Nov 17, 2016 4:56pm
Quoting thewriter30
With shares since 2007, forex around 2009. I still see Forex as pure gambling. It could have gone up or down AFAIK. I only met one successful (shares) trader in my life, real person that is. The problem is that those successful wont give a damn about posting here, so how can we learn??? Most of us would pay to learn, I lost lots of money on that. All crooks
That's right, so you should do the work YOURSELF and don't rely on others for knowledge.
  • #99,723
  • Nov 17, 2016 5:03pm Nov 17, 2016 5:03pm
Quoting thewriter30
With shares since 2007, forex around 2009. I still see Forex as pure gambling. It could have gone up or down AFAIK. I only met one successful (shares) trader in my life, real person that is. The problem is that those successful wont give a damn about posting here, so how can we learn??? Most of us would pay to learn, I lost lots of money on that. All crooks
I wouldnt call it gambling rather speculation.

Risk management/money management is more important than entry.

If you trade with $1000 and use 100:1 leverage yes I would consider this gambling.
20 Pips a day keeps centerlink away
  • #99,724
  • Nov 17, 2016 6:21pm Nov 17, 2016 6:21pm
Hi guys
I didn't read as a kid. I went to school and learned. How can I teach this myself? I read and read and tried and read and lost and lost and lost. I did not trade the AUD LONG but I was going to (i just have no money now)
I know there are 10000 reasons why it went down.... I bet there are 10000 more to explain why it could have gone up. If anything I know about this. There are always analyst to confirm what already happened (what a lousy disgraceful job btw) I can confirm that my team won on Sunday. Predicting it was going to win that is tough.
We can all be Monday morning quarterbacks.

I have read guys all over the world and gals as well, telling the aud usd was going to parity when it was 0.80 and 0.70 and bloomberg and jpmorgan and whatnot analysts predicting oil to reach 10 a barrel!!! Unfortunately they get away with that sh&T. They can predict anything and the remain. If I do half of that crap at work I am fired.

Point is nobody really knows how to teach trading and/or is a talent which equates to playing like Messi. He cannot teach you how to play soccer and earn 54 million a year, actually, he can barely speak and make sense!....but hell, he knows how to play like no one else.
  • #99,725
  • Nov 17, 2016 6:31pm Nov 17, 2016 6:31pm
Quoting thewriter30
Hi guys I didn't read as a kid. I went to school and learned. How can I teach this myself? I read and read and tried and read and lost and lost and lost. I did not trade the AUD LONG but I was going to (i just have no money now) I know there are 10000 reasons why it went down.... I bet there are 10000 more to explain why it could have gone up. If anything I know about this. There are always analyst to confirm what already happened (what a lousy disgraceful job btw) I can confirm that my team won on Sunday. Predicting it was going to win that is...
i like it
  • #99,726
  • Nov 17, 2016 6:37pm Nov 17, 2016 6:37pm
Quoting thewriter30
Hi guys I didn't read as a kid. I went to school and learned. How can I teach this myself? I read and read and tried and read and lost and lost and lost. I did not trade the AUD LONG but I was going to (i just have no money now) I know there are 10000 reasons why it went down.... I bet there are 10000 more to explain why it could have gone up. If anything I know about this. There are always analyst to confirm what already happened (what a lousy disgraceful job btw) I can confirm that my team won on Sunday. Predicting it was going to win that is...
Ive seen analyst say the same, the aus going up towards .90. But I can tell you there is NOTHING economically to pointing the aussie going up to that direction. And you are right that get paid for talking crap.

All they can do is talk about the market like a sports commentaries, and only give their opinion of the market.

This is why you have to become your own analyst and dont take anyones view of the market as investment advice.

My view aud to .65 and I have been saying this all year sell on the highs, this doesn't mean it will go down but from my analysis of economic conditions there is nothing to point to the aussie going up, the mining boom is over.
20 Pips a day keeps centerlink away
  • #99,727
  • Nov 17, 2016 7:08pm Nov 17, 2016 7:08pm
Quoting thewriter30
Hi guys I didn't read as a kid. I went to school and learned. How can I teach this myself? I read and read and tried and read and lost and lost and lost. I did not trade the AUD LONG but I was going to (i just have no money now) I know there are 10000 reasons why it went down.... I bet there are 10000 more to explain why it could have gone up. If anything I know about this. There are always analyst to confirm what already happened (what a lousy disgraceful job btw) I can confirm that my team won on Sunday. Predicting it was going to win that is...
This is how to predict the market.

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This was my analysis of the USDX but all the pro annalists were saying the opposite. I was doing a Technical analysis course as a part of a Master degree of applied finance and I talk to my lecturer about my set up and I was laughed at. So now I quit and know they are all full of shit. They teach you to always give 2 views of the market, "if this happens price will do that or if that happens price will do this"

"They" dont trade and "they" cant trade. A big one that is full of shit is BK asset management. Kathy lien. She even dodges questions in her seminars. Always tells it after it happens and wrong on 80% of her analysis. But she is making shit load of money off her website yearly subscriptions that are around $2500 per year. Their useless EA's, courses and books.

Next stop for USDX to 103
20 Pips a day keeps centerlink away
  • #99,728
  • Nov 17, 2016 7:20pm Nov 17, 2016 7:20pm
When aud goes up, a lot are talking will go to 0.78. and now aud going down the people are talking about 0.65. why so simply they talked like this. same person i see talking with 2 different way, when up taking 0.78 when down talking 0.65
  • #99,729
  • Nov 17, 2016 8:28pm Nov 17, 2016 8:28pm
Quoting thewriter30
With shares since 2007, forex around 2009. I still see Forex as pure gambling. It could have gone up or down AFAIK. I only met one successful (shares) trader in my life, real person that is. The problem is that those successful wont give a damn about posting here, so how can we learn??? Most of us would pay to learn, I lost lots of money on that. All crooks
I hear you Sir. I found two people from which I'm still learning. You can have a look to them and judge by yourself:
1- Sisse: Very strong on FA. He is in The Really Useless Thread. My advice to read as much as you can.
2- Batus: Very strong on TA. He is in Up and under Price Pattern.
By the way, my advice to anyone to give a chance and see how much they can learn particularly from Sisse.
  • #99,730
  • Nov 17, 2016 8:37pm Nov 17, 2016 8:37pm
Quoting primaprima
When aud goes up, a lot are talking will go to 0.78. and now aud going down the people are talking about 0.65. why so simply they talked like this. same person i see talking with 2 different way, when up taking 0.78 when down talking 0.65
if u want buy AUD today u will surely buy around 0.7320-0.7330... stay away from buying this range...
  • #99,731
  • Nov 17, 2016 8:39pm Nov 17, 2016 8:39pm
i think it's time to discuss the USD, more than the AUD. while the AUD is going down, it has fallen only around 4% against the USD in the past two weeks. whereas the euro & jpy have both fallen around 8%. at the same time commodities have also corrected.
there is reason to believe the AUD still has strength in it, so perhaps it may be a question of how low it will go before it finds a base, whether a long term or short term one.

this is what i've got on my charts...
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  • #99,732
  • Nov 17, 2016 8:52pm Nov 17, 2016 8:52pm
I wanted to say thanks to all, you dont know me and yet find time to answer my questions!
  • #99,733
  • Nov 17, 2016 8:58pm Nov 17, 2016 8:58pm
Quoting thewriter30
I wanted to say thanks to all, you dont know me and yet find time to answer my questions!
Its because we all love FX trading and cant get enough of it We all have different views but all come together.
20 Pips a day keeps centerlink away
  • #99,734
  • Nov 17, 2016 9:01pm Nov 17, 2016 9:01pm
Join my telegram group for more predictive analysis & signals...all free...
https://telegram.me/predictiveanalysis
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  • #99,735
  • Nov 17, 2016 9:17pm Nov 17, 2016 9:17pm
Quoting Mrsaini
Join my telegram group for more predictive analysis & signals...all free... https://telegram.me/predictiveanalysis {image}
My TP is .7320. I think it might bounce from this level and all USD pairs might reverse tonight before or after Draghi speech.
  • #99,736
  • Nov 17, 2016 9:36pm Nov 17, 2016 9:36pm
Current move has been the biggest since April/May this year and if that one's anything to go by there may still be some way to go yet. Having said that the highest probability is that we will see a bit of a pullback before further down but it's always safest to wait for it before entering long, or just wait for decent pullback and reenter short (my plan). I'm currently flat but have 4 offsetting positions still open, all losers but hoping I can rescue two of them. If I can't then it's no big deal as I made my money on now closed shorts.
Hope for the best, prepare for the worst.
  • #99,737
  • Nov 17, 2016 9:38pm Nov 17, 2016 9:38pm
Hi there all...it's 1230pm down here

So, from the daily chart i still can see this to happen...
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  • #99,738
  • Nov 17, 2016 9:46pm Nov 17, 2016 9:46pm
Quoting thewriter30
Hi there all...it's 1230pm down here So, from the daily chart i still can see this to happen... {image}
Yes that is a good analysis
20 Pips a day keeps centerlink away
  • #99,739
  • Nov 17, 2016 10:25pm Nov 17, 2016 10:25pm
Its all about wave patterns. I'm not in the guessing business. I really hate people who write all those long descriptions as to why they think Aussie is going to this or Aussie is going to do that and this person is going to say that and that person is going to say this. Then they look at 3 indicators, then they look at 4 more others things and come up with an essay underneath the chart explaining why they're buying or selling because they can read what the Fed is doing and they can read that Donald Trump has been elected president and etc. etc. etc. I really don't follow that non sense. Because you don't have enough information to make those conclusions. You're making your decision on a pure guess.

Forgot about who was elected president and follow the structures that the market creates because this can be taught!

Im up 350 pips on this and keeping this for about another 300 pips

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  • #99,740
  • Nov 17, 2016 10:33pm Nov 17, 2016 10:33pm
Sorry to ask something that maybe have been answered but is that Elliot waves you refer to? 1 2 3 4 5?
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