you should know...you are the one with the recent +91 profit winner trading the AUD/USD.... you da AUD/USD trading man!
to be completely honest with you, i have never used indicators such as OB/OS, RSI, Volumes, DeMarker, Stochastics or anything that comes equipped standard with the platform, to make a informed trading decision. If those indicators were indeed valuable, they would not come standard. P.S. I told you that gap was very high probability
I do look at "key numbers" but how I arrive at these numbers is far more "complicated" than pivots, s/r, key highs/lows. I use a "predictive" indicator that plots S/R ahead of time. Before the level of S/R actually holds valid... as most S1,S2,S3,R1,R2,R3 is based on past data.. which makes no sense to me. If I see VERY tight gaps in these levels, I will over-leverage, $100/pip, $1,000/pip-- if the gaps are LARGE.. more than 5 pips, I will trade standards-to-minis. The levels of support/resistance lets me know where I should try to enter the market. But at times, these same levels can also be your worst enemy. I use various cross' to give me an indication of if I should enter near that level (arrow up, arrow down, position of price in the channel, if a trend on the upside(downside) is about to start, etc. Giving any further details would reveal "my edge." I am not a forex guru.. and don't plan to be one anytime soon/and or near future lol
Oh yeah.. EURUSD resistance on the upside comes in at 1.4535.. support on the downside 1.4202. Use extreme caution. 1.4331-1.4346 is the mid-point between two levels (which are VERY far away, pip wise..) I would buy into the dips near 1.4346 with stop-loss at 1.4331 or chandelier, take profit 1.4535. If closes below 1.4331 I would short with profit target of 1.4202. Word on the street is that a lot of traders anticipate EuroUsd hitting 1.50 before coming back down. Total dollar breakdown imminent!
<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/MlEJ2f2ep5k&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/MlEJ2f2ep5k&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>
so, that must mean you trade like 10-100 standard lots per forex trade?...I guess?...hmmm...if so, wow!!!
here we go for more USD/CHF free fall... 1.0580 breaking point on daily chart...anyone gonna short it...it is as of 12:01pm CST...get short the USD/CHF...agree?
we had a slight drop below this earlier...okay, it is 4:18pm CST...I still think this thing is gonna drop hard...you?