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EUR/AUD

  • #2,101
  • Nov 29, 2016 4:47am Nov 29, 2016 4:47am
Quoting Not-KPMG
{quote}  My funny system wants 1.46 1.47. A/U about to collapse. E/A has divergence.... Bloody RB pushed it to almost 1.41. So let's see. I'm placing a REALLY BIG buy order......2 microlots.
Hehe

I think were still going to see a move down before any of our buys are in profit!

I'm thinking we might see 1.4150 once more then if our speculation is still in play it should reverse from there.

For EUR/AUD to go back up to 1.55 we need to see aud hit .65!
  • #2,102
  • Nov 30, 2016 3:54am Nov 30, 2016 3:54am
I want this pair to go all the way to 1.55 but first we need to see 1.415

Going for a short here. 20pip SL
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  • #2,103
  • Nov 30, 2016 3:29pm Nov 30, 2016 3:29pm
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Hi all
While I'm very new to trading (1 month) I wanted to share these long positions on the EUAU since 25/11 until exit earlier today. Trade sizes were 0.59 and 0.56 lots but nevertheless T1 returned +50 pips and T2 +141 pips. Given the pair had a nice run during the nylon session, could have hung on for a further +65 pips at the time of posting. Ah well. Please post me any thoughts.

Indicators used
MACD platinum (12,26,9)
RSI(14)
50,100,240-day MAs
Otherwise used M5 charts to hone in entry point
Had 50p SLs and 100p TPs in place, but moved the SL on T1 further down to stay in the trade. While this went against my plan, it ended up paying off in this instance.
Broker: ThinkMarkets
  • #2,104
  • Nov 30, 2016 4:16pm Nov 30, 2016 4:16pm
Quoting Noors
{quote} Hehe I think were still going to see a move down before any of our buys are in profit! I'm thinking we might see 1.4150 once more then if our speculation is still in play it should reverse from there. For EUR/AUD to go back up to 1.55 we need to see aud hit .65!
Hi friend
 
A/U of 0.65 is as sure as the stars are hot just takes time...
 
E/A is breaking up. Add more longs around 1.43. TP around 1.46 for now. Maybe 1 week to go there...
 
1.4353 now.
Why do you expect lower??
Beware of robber banks (RB), bad advisors.
  • #2,105
  • Nov 30, 2016 4:22pm Nov 30, 2016 4:22pm
Quoting sanaca
{image} {image} Hi all While I'm very new to trading (1 month) I wanted to share these long positions on the EUAU since 25/11 until exit earlier today. Trade sizes were 0.59 and 0.56 lots...... Ah well. Please post me any thoughts.
Indicators used MACD platinum (12,26,9) RSI(14) 50,100,240-day MAs Otherwise used M5 charts to hone in entry point Had 50p SLs...
 
Welcome Sanaca
 
Did you just jump into E/A trades?? And pound???
These are risky currencies.  I would use the phrase insane pairs too.
 
Post a chart with the indicators. 
And trade smaller lots.
 
And why didn't you let one position go?  It's breaking up.
Beware of robber banks (RB), bad advisors.
  • #2,106
  • Nov 30, 2016 7:55pm Nov 30, 2016 7:55pm
Started with G/U and G/A, now turned to E/A... I'm Aussie living in London hence the GBP account, and liking for these currencies.
A/U at 0.74, what makes you believe it will tank?
Same reason Noors is confident about E/A hitting 1.55?
In hindsight should have stayed long, but wanted to TP. Too bad!
I trade 1.5% for now, not more hence the lot sizes.
I'm looking at going long once more if we see a pullback to 1.40 to 1.41..
  • #2,107
  • Dec 1, 2016 12:44am Dec 1, 2016 12:44am
Quoting Not-KPMG
{quote} Hi friend  A/U of 0.65 is as sure as the stars are hot just takes time...  E/A is breaking up. Add more longs around 1.43. TP around 1.46 for now. Maybe 1 week to go there...  1.4353 now. Why do you expect lower??
My system says what it says my man, we will see 1.4150 level again I just dont know when. 1.43611 level held is now a stronger resistance. 1.43305 is current resistance, 1.43050 is support. If you look at my previous post I had 1.43050 as resistance now that is broken its now support and holding really well if you look at PA. Again these are 1hr candles.

It's safer to add longs when it pulls back down to 4150 level
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  • #2,108
  • Dec 2, 2016 4:32am Dec 2, 2016 4:32am
Quoting Not-KPMG
{quote}It's breaking up.
I think up move is done for now, still waiting for the pullback back down to 1.4150.

I got in short at 1.4386
  • #2,109
  • Edited 2:45pm Dec 2, 2016 12:05pm | Edited 2:45pm
Quoting sanaca
Started with G/U and G/A, now turned to E/A... I'm Aussie living in London hence the GBP account, and liking for these currencies. A/U at 0.74, what makes you believe it will tank? Same reason Noors is confident about E/A hitting 1.55? In hindsight should have stayed long, but wanted to TP. Too bad!
I trade 1.5% for now, not more hence the lot sizes. I'm looking at going long once more if we see a pullback to 1.40 to 1.41..
Â
Hi Sanaca
Â
I just think Aussie is overvalued. Then i draw my channels, Âlook at support.
I don't touch A/U....
Trade safe.
Â
And can you reply using the "quote " button on top right.
So I can get a notification of your writing.Â
Thanks
Â
About E/A - now nice pullback. ÂOr dump down. I'm buying. ÂWith target 1.4570 and above
Ideas?
Â
Beware of robber banks (RB), bad advisors.
  • #2,110
  • Dec 2, 2016 10:12pm Dec 2, 2016 10:12pm
Quoting Not-KPMG
About E/A - now nice pullback. Or dump down. I'm buying. With target 1.4570 and above Ideas?
Dump down IMO, as I mentioned before, 1.4150 is still in the books for me before I can start loading up my longs. My initial speculation is for the pair to go to 1.55 thats 1000+ pips away, I don't ever hold a trade overnight, I'm usually in and out of the market however If I could see the play to 1.55 happening I'll hold my longs.

The reason why I say 1.4150 and 1.55 is because of my system, I get a signal everyday at a certain time every signal for this year has worked out except for those 2 levels, I havn't seen the price steer away from a level over 1000+ pips, so I don't know what happened there but according to 5+ years history of the system it should get back to that level just don't know when. It's hard to figure out what exactly went wrong on that specific day and why price steered away over 1000+ pips. I've only just started trading live 4months ago using this system, for 1 year I was demoing and had great results last year, backtested for the last 5 years and looked really promising.

Before all of this I was trading and blowing mini accounts, had no system though was only trading based off s/r - trend lines etc, then one day I realised I needed a system, a set of rules to follow etc... and sat in front of the charts and came up with one that hit the eye, the backtest showed amazing results and here I am, 4months in and I'm still alive
  • #2,111
  • Dec 3, 2016 12:31pm Dec 3, 2016 12:31pm
Quoting Noors
{quote} Dump down IMO, as I mentioned before, 1.4150 is still in the books for me before I can s.....
according to 5+ years history of the system it should get back to that level just don't know when. It's hard to figure out what exactly went wrong on that specific day and why price steered away over 1000+ pips. I've only just started trading live 4months ago using this system, for 1 year I was demoing and had great results last year, backtested for the last 5 years and looked really promising.....
 hit the eye, the backtest...
 
Hi friend 
Could you share few details on the system, what day it was, and why this level.? 
I also have 41xx in my sight,  but as low buying range only.
If you prefer post me a message. I am also keen to share some E/A stuff or ideas. Trading 7 years now and the light of the true forex becomes stronger
 
Beware of robber banks (RB), bad advisors.
  • #2,112
  • Dec 5, 2016 12:50am Dec 5, 2016 12:50am
Quoting Noors
I think up move is done for now, still waiting for the pullback back down to 1.4150. I got in short at 1.4386
And there it is gentleman, 1.4150 touch down
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  • #2,113
  • Dec 5, 2016 1:24am Dec 5, 2016 1:24am
Quoting Noors
It's safer to add longs when it pulls back down to 4150 level
Added couple longs at 4150 we'll see where this can go
  • #2,114
  • Dec 5, 2016 4:25am Dec 5, 2016 4:25am
Closed half of my positions @ 1.432 - if price heads to 1.43611 there might be some correction there before we can go up lets see
  • #2,115
  • Dec 5, 2016 4:31am Dec 5, 2016 4:31am
Got a pending short @ 1.4355

TP - 1.4342
SL - 1.4372

If 5min candle closes above 1.4361 I will exit and wait for price to push up and pullback then load longs.
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  • #2,116
  • Dec 5, 2016 5:00am Dec 5, 2016 5:00am
Short triggered, lets see if the bulls still have gas in em. expecting a 10-15 pip drop here lets see..
  • #2,117
  • Dec 5, 2016 5:09am Dec 5, 2016 5:09am
Quoting Noors
Short triggered, lets see if the bulls still have gas in em. expecting a 10-15 pip drop here lets see..
Not sure if that's agood idea mate.. The bull strength is on some other tip
  • #2,118
  • Dec 5, 2016 5:15am Dec 5, 2016 5:15am
Quoting jusstin911
{quote} Not sure if that's agood idea mate.. The bull strength is on some other tip
Yep got stopped out, still holding 4150 positions. Thought I could scalp a couple pips down. All good though I want to see this baby go to 1.55!
  • #2,119
  • Dec 5, 2016 5:31am Dec 5, 2016 5:31am
Quoting Noors
{quote} Yep got stopped out, still holding 4150 positions. Thought I could scalp a couple pips down. All good though I want to see this baby go to 1.55!
1.55 looks very reachable.. Doing a short scalp at 1.446* area.. then load longs wherever she stops the pull back
  • #2,120
  • Dec 5, 2016 5:37am Dec 5, 2016 5:37am
I dont usually revenge trade but went short @ 1.443 got out 1.4415

80 pips locked in and riding 300 pips atm put in my SL @ 1.4330

Good start to the week. Done for the day.
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