Disliked{quote} Amazing, I got this right to the pip and yet i did not trade it...Ignored
20 Pips a day keeps centerlink away
EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies
EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 14 replies
Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply
The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies
AUD Trade Balance and AUD Retail sales 6 replies
Disliked{quote} Amazing, I got this right to the pip and yet i did not trade it...Ignored
Disliked{quote} that happens to me 90% of the time. If I pulled every trade I identified, I'd be a millionaire by now! But fact is, fear is a very real thing for us human beings so I'm not beating myself up for succumbing to fear. Better safe than sorry, grow the account slow and steadyIgnored
DislikedBut before that AU will go into a consolidation soon giving another opportunity to short it down.
This is how the market moves in waves.Ignored
Disliked{quote} Aussie is just in a consolidation. Look for sell setups only. Its never good to trade within a consolidation, especially against the immediate trade. Also, my drawing doesn't represent the exact way it will form, I'm not that good. {image} {image}Ignored
Dislikedtake a look at my charts - Daily: - rejected off the ascending trend line connecting the aug/sept '15 low - this treats the break below the trend line in Dec-Jan '16 as a false break, following the FOMC raising rates in Dec '15 Hourly: - pair has moved out of the descending trend channel and has been rejected (bounced) off the upper line earlier today - pair has been probing the 100 hour MA the "fundamentals" surrounding the USD and AUD earlier this year are quite similar now, with the AUD's economic numbers showing a bit more health; plus the RBA...Ignored
Disliked{quote}  Interesting. back up again hmmmm. it does have space to go up. however the main sentiment I believe is down. as the market moves in waves or so they day it may well pull back past 75 and then continue down right?  ÂIgnored
Disliked{quote} thanks for your input Anybody else would want to show their predictions? Also do you guys use leverage other than 500:1 to avoid expensive swap prices and to get to inclined in over leveraging?Ignored
Dislikedwith the AUD's economic numbers showing a bit more health; plus the RBA has hinted it may not cut rates again so easily.Ignored
Disliked{quote} I try to avoid using any kind of leverage. Pro traders don't use it but have very large account sizes. I try to keep my leverage under 5:1 In an event such as an unexpected price moment of 1000 pips. (which does happen) a 10:1 leverage will wipe out your account. Even using a SL in some cases price will jump your stop and also clean out your account.Ignored
Disliked{quote} Thanks redalert Paul what is your anlisis very re interesting about leveraging. I did blow out my account in 2013Ignored
Disliked{quote} Health? No.. stable yes, and only because of the 100% rise in commodities this year, which may be coming to an end. Inflation is at an all time low, employment is stable - but with dropping participation and many movements to part time this is a little shady. It's all smoke and mirrors. I'd need to see two better than expected quarters for inflation and employment before I start raising any kind of praise on the AU economy. I think the talk of rate stabilisation is just talk, if inflation flopped they would cut again or maybe they just need...Ignored
Disliked{quote} My view is same as red alert Using 1:1 leverage. 1 standard lot per $100,000. So a leverage of 1:1 on $1000 is lot size of .01. If price move suddenly of 1000 pips it will equal around $100 or 10% of your account balance. If you are trading right and getting 70 to 80% of your trades right you will make money but of course slowly.Ignored
Dislikedit should at least come back to .75 but the trend line is really scaring. in the daily chart there is room to 73 before 75 but from weekly chart I see strong support and it may start upward move to 75-76 right now.so confusing!!! 75 is important .most bank forecast for end of year is 75. any idea for long?Ignored
Disliked{quote} in my view it will break .75 in the next two week. I do not think it falls as many predict.it's end year forecast is about .75 if rate goes up in us otherwise it will go up much higher take care.Ignored
Disliked{quote} in my view it will break .75 in the next two week. I do not think it falls as many predict.it's end year forecast is about .75 if rate goes up in us otherwise it will go up much higher take care.Ignored
DislikedInteresting analysis in this thread. I would class myself as a professional trader, since my main income comes from trading. It took me 2 years to be consistently profitable and get my psychology correct ( hardest part by far ). Believe it or not the system or methodology you use is trivial. You are best picking a system your a comfortable with and practicing for hundreds of trades demo and Live until you achieve a high rate of success. Here are some common mistakes I eliminated and made me part of the 5% successful traders in the world. http://www.slideshare.net/ForexTrain...-to-avoid-them...Ignored
Disliked{quote} It took me 12 years to be consistently profitable and then when I finally understood how it works, I got bored. It's not interesting anymore... and so I quit. I feel a lot better now, since I'm not doing it anymore. That's the beauty of it all, you can quit anytime without a problem. I still watch you guys, but I'm free from this illness. I thought it would be hard to quit, but no, no problem, you just stop. It's like quitting smoking.Ignored