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AUD/USD

  • #101,601
  • Jun 6, 2017 9:26pm Jun 6, 2017 9:26pm
PERFECT TP (nice tq audusd)
Attached Image (click to enlarge)
Click to Enlarge Name: audusd tp.jpg Size: 34 KB
Self discipline It is a practice
  • #101,602
  • Jun 6, 2017 9:34pm Jun 6, 2017 9:34pm
Quoting SkyrEk
{quote} Target met. Profits taken and withdrawn. Good trade!
I love your work sky but this was more good luck than good management. That gdp could have been worse and you woulda got stopped. Unless someone is telling you things before they happen. If so can I please have the source?
What was your thought on this gdp release I'll give you the benefit of hindsight.
  • #101,603
  • Jun 6, 2017 11:04pm Jun 6, 2017 11:04pm
Short AUD/USD @ .75423
SL-.75451
TP-.75164
  • #101,604
  • Jun 6, 2017 11:05pm Jun 6, 2017 11:05pm
Quoting drbob8000
Short AUD/USD @ .75423 SL-.75451 TP-.75164
SL-Moved to .75409
  • #101,605
  • Jun 6, 2017 11:07pm Jun 6, 2017 11:07pm
Quoting drbob8000
{quote} SL-Moved to .75409
If/when trades below .75354, will trail SL by 2 pips
  • #101,606
  • Jun 6, 2017 11:09pm Jun 6, 2017 11:09pm
Quoting drbob8000
{quote} If/when trades below .75354, will trail SL by 2 pips
Stop hit out @ .75409
  • #101,607
  • Jun 6, 2017 11:11pm Jun 6, 2017 11:11pm
Short @ .75403
  • #101,608
  • Jun 6, 2017 11:15pm Jun 6, 2017 11:15pm
Quoting drbob8000
Short @ .75403
SL moved to .75390
  • #101,609
  • Jun 6, 2017 11:18pm Jun 6, 2017 11:18pm
Quoting drbob8000
{quote} SL moved to .75390
Stop hit .75390
  • #101,610
  • Jun 6, 2017 11:20pm Jun 6, 2017 11:20pm
Short .75372
  • #101,611
  • Jun 6, 2017 11:22pm Jun 6, 2017 11:22pm
http://www.news.com.au/finance/busin...14c77b2af23f88

Commercial real estate could well be under the pump once Amazon gets a foot in .

Westfield I fear for that stock if I haven't mentioned before.

Commercial property funds beware...

As for the GDP disaster as expected but as usual they buy AUD and sell equities ..

No sense at all .. but then again it never did
  • #101,612
  • Jun 6, 2017 11:39pm Jun 6, 2017 11:39pm
Quoting drbob8000
Short .75372
Stopped out .75395
  • #101,613
  • Jun 7, 2017 12:03am Jun 7, 2017 12:03am
Quoting redalert
{quote} I love your work sky but this was more good luck than good management. That gdp could have been worse and you woulda got stopped. Unless someone is telling you things before they happen. If so can I please have the source? What was your thought on this gdp release I'll give you the benefit of hindsight.
I agree with you that GDP is an unknown factor, the way i trade is such that i will only have two outcomes, take profit or stop out at breakeven. Once my trades are in profits, i will shift my stops to breakeven. No matter what, i will preserve my capital to live and trade another day.

Yes, GDP could have been worst, but i just stick to my trading plan. From my perspective, it is going up, hence the data release won't really bother me, if it is a negative data, so be it, stop me out at BE, that's fine. If it is positive, good for me.

Try to trade with simplicity, overthinking kills. I see trading as simple as it is.

Cheers!
  • #101,614
  • Jun 7, 2017 2:29am Jun 7, 2017 2:29am
Quoting SkyrEk
{quote} I agree with you that GDP is an unknown factor, the way i trade is such that i will only have two outcomes, take profit or stop out at breakeven. Once my trades are in profits, i will shift my stops to breakeven. No matter what, i will preserve my capital to live and trade another day. Yes, GDP could have been worst, but i just stick to my trading plan. From my perspective, it is going up, hence the data release won't really bother me, if it is a negative data, so be it, stop me out at BE, that's fine. If it is positive, good for me. Try...
Good post and insight. Thanks mate.
  • #101,615
  • Jun 7, 2017 4:23am Jun 7, 2017 4:23am
Long
Attached Image
Focus
  • #101,616
  • Jun 7, 2017 4:50am Jun 7, 2017 4:50am
0.7500==>0.7520==0.7570
if you my trade,My-post analysis, subscribed to ME
  • #101,617
  • Jun 7, 2017 5:04am Jun 7, 2017 5:04am
Quoting 1GoodTrade
Hi, This is my AUDUSD forecast for the week ahead. For a reversal we really need a daily break and close above 0.7500 until than there is always a chance to turn back down {image} Regards, 1GoodTrade --------------------- Follow me on twitter: https://twitter.com/Daytrader213
This is an update chart of my weekly forecast that I've posted at the beginning of the week.

All levels have been respected with a surgical precision

Attached Image (click to enlarge)
Click to Enlarge Name: forex25.JPG Size: 125 KB



Regards,
1GoodTrade
---------------------
Follow me on twitter: https://twitter.com/Daytrader213
  • #101,618
  • Jun 7, 2017 10:12am Jun 7, 2017 10:12am
Risk 0.50%.
Trades may only be taken between 8am New York time and 5pm Tokyo time, during the next 24-hour period.
Short Trades

  1. Go short following some bearish price action on the H1 time frame immediately upon the next touch of 0.7506 or 0.7517.
  2. Place the stop loss 1 pip above the local swing high.
  3. Adjust the stop loss to break even once the trade is 20 pips in profit.
  4. Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.

Long Trades

  1. Go long following some bullish price action on the H1 time frame immediately upon the next touch of 0.7457, 0.7445, or 0.7419.
  2. Place the stop loss 1 pip below the local swing low.
  3. Adjust the stop loss to break even once the trade is 20 pips in profit.
  4. Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.

if you my trade,My-post analysis, subscribed to ME
  • #101,619
  • Jun 7, 2017 10:40am Jun 7, 2017 10:40am
601 points closed in profit
Yay!
Focus
  • #101,620
  • Jun 7, 2017 9:19pm Jun 7, 2017 9:19pm
De Ja Vu,

Another day another sick number for Australia .

AUD still defying gravity.. Still think short AUD/NZD the play ..
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