I have now officially lost the call. Price below 0.7700. However, I am around 30 % up since call issued mainly thanks to gold on position trade and around 60 % on short term swings (much less balance). Simple rules like buy only above 80 and wait for signal, kept me away from losses. I believe 8000 support is genuine and the fact that is failing, suggest there are some genuine pressures. my theory is that banks and gold go opposite way. So, bank crisis on the way ? CBA.AX appraoching dreadfull 70.00 again. See if spraying of stimulus will be turned on one more time. Low AUD really does not hurt resources, so I will not change anything. My AUDJPY TL is still there and will act if broken and above 8000.
If you drag your order from account history and drop it on the chart it will show you exactly where you entered, stop and target or loss. I'm positioning myself for AUDUSD shorts with a target to 6700. By end of the yr, but could happy faster.
feel like some rock star that clapping brings it back on stage after completed performance and enjoying deserved fix. Trend line at 84 or so. My signal back in business ! No resource price collapsed, rather opposite. Prosperity to AUS via money printing is back in with vengeance unless owners ask for large contribution. let see these 84+ prices and see who will take money out of system.
That crystal ball gazing you do is amazing. The funny thing is I'v been long for days, and even made another 42 pip scalp tonight. Flow like water is my style , bit like Bruce Lee, Wing Chun Trading, hahha. and am still looking to sell AUD higher. Just posted a trade method on another thread here , "How forex can make you rich". Awesome method , have a look. Can use on any pair , but stick to the majors. This is not a normal market, so best not to be normal.
i will do short term trading but only when markets are volatile enough. Cant be bothered otherwise. So, my hope is that past 84 markets will get wild, not only AUDJPY. And this is where my system hits larger goals often.
Right now is almost perfect for those short term trades. My trade partner and i are creaming it. Cable looks like its going to 1.5200 zone
i had my negative experiences with market manipulation and now playing only certain times when large interest, or larger time periods. GL to you if you manage to get decent return in such conditions. i have done my 10k hours and pretty much know what to do - for my type of personality. Would be best if i was greadier, but I am what I am. Did spot several opportunities in a row and did not extract what I should. This is where is my focus now.
Thats awesome. Least you know, most don't. Always trade to your strengths. Have you ever traded daily inside candle/bars?
no. I find intraday trading too exhausting and unrewarding. Surely was scared by targeted manipulation so now stay away unless unusual large interest. You will say, market too big to care, blah blah, i am superstitious. But I have applied objective statistics over my mishaps and chance of this random is beyond what is considered reasonable. Also i think markets now are in post GFC phase and manipulated more, so at least me, have to wait much longer for opportunity to form.