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aud/usd !!!! what's ur problem?!?!?!?!
Apr 14, 2013 at 14:15
lets put it in this way...
i dont claim that am 100% sure of what gonna happen but am sharing my thoughts...
i admit i dont like the weekly chart... it seems more bullish to me ( btw the target there is 1.1 not 1.08) but if u r talking about the daily chart....
let me tell u that the daily chart is amazingly bearish... in fact its the most bearish one i had in my time frame list why?!!!
bring a pen n write this down :P
1. top channel tested n its failed at 1.06, the bottom channel is 1.02 (next target i hope).
2. bearish divergence with target of 1.025.
3. bearish candle stick was already created it.
4. macd histogram bars showing a bearish pressure..
5. stoch already above 80% heading down now.. with a possible cross of its 2 lines..
6. RSI was almost 70% (heading down now) n backtest that... whenever the RSI is getting closer to 70% range be4 what really happened to the aud.usd.
7. bollinger upper band contained the upside move..
shall i continue...?!!
i dont claim that am 100% sure of what gonna happen but am sharing my thoughts...
i admit i dont like the weekly chart... it seems more bullish to me ( btw the target there is 1.1 not 1.08) but if u r talking about the daily chart....
let me tell u that the daily chart is amazingly bearish... in fact its the most bearish one i had in my time frame list why?!!!
bring a pen n write this down :P
1. top channel tested n its failed at 1.06, the bottom channel is 1.02 (next target i hope).
2. bearish divergence with target of 1.025.
3. bearish candle stick was already created it.
4. macd histogram bars showing a bearish pressure..
5. stoch already above 80% heading down now.. with a possible cross of its 2 lines..
6. RSI was almost 70% (heading down now) n backtest that... whenever the RSI is getting closer to 70% range be4 what really happened to the aud.usd.
7. bollinger upper band contained the upside move..
shall i continue...?!!
Apr 14, 2013 at 22:42
this is nice... i like the smooth opening... i hate gaps....
C.O.T report showing some changes in the direction of each category trend... should that indicate the bull trend will reversed soon?!!
am waiting the chinese data at 2:00 gmt.!
C.O.T report showing some changes in the direction of each category trend... should that indicate the bull trend will reversed soon?!!
am waiting the chinese data at 2:00 gmt.!
Mitglied seit Oct 20, 2012
16 Posts
Apr 15, 2013 at 17:34
keep it simple Bisho777 :)
A trend is defined as follow :
bullish trend = higher high and higher lows
Bearish trend = lower highs and lower lows
So by sticking only to this definition and without using any indicator, you can see that the trend was bullish on the daily, Today, we are seeing a long bear candle that might be the target of the shining star but the bullish trend was broken.
Always wait for confirmations before entering a position :)
Good luck and safe trade.
A trend is defined as follow :
bullish trend = higher high and higher lows
Bearish trend = lower highs and lower lows
So by sticking only to this definition and without using any indicator, you can see that the trend was bullish on the daily, Today, we are seeing a long bear candle that might be the target of the shining star but the bullish trend was broken.
Always wait for confirmations before entering a position :)
Good luck and safe trade.
Mitglied seit Oct 20, 2012
16 Posts
Apr 15, 2013 at 17:34
I meant, not totally broken, i would like to see 3 periods confirmation on the daily and a goodbye kiss of the broken trend in order to short. :) 😁
Apr 15, 2013 at 19:23
and every trend has an end.... again buddy "only dead fishes following the stream"...
u can analyse the market as u like n as u believe even if u make it the most complicated assumption ever since u still in control n u understand what u had done its ok... even thought it may look very complicated for the others... but at the end its ur call...
i guess i did my homework very well here...
i dont think it was a matter of luck at all!
anyway...
the same here... good luck n safe trade for all...
u can analyse the market as u like n as u believe even if u make it the most complicated assumption ever since u still in control n u understand what u had done its ok... even thought it may look very complicated for the others... but at the end its ur call...
i guess i did my homework very well here...
i dont think it was a matter of luck at all!
anyway...
the same here... good luck n safe trade for all...
Mitglied seit Oct 20, 2012
16 Posts
Apr 16, 2013 at 07:57
Yeah, for you too mate, as long as you are making good money in the markets :) Good luck
Apr 18, 2013 at 14:51
hello guys...
am in mood to share one small tip with u... :
when i started trading this month... "first time with a relatively large account"
i felt enthusiastic full of energy.... i started to make small profits.. almost vanished with some losses...
i rushed the things after that in terms to increase my profits.. some losses some profits... the pressure started to increase gradually..
then i entered this trade aud/usd... i saw my account with big DD... almost 50% but i had faith on it... but u dont imagine how much was the pressure i didnt sleep in some nights...
to make the long story short... aud/usd started to move in my direction... i started to close big profits...
now am still holding one position from 1.05 which i still think it will move more...
the idea is.... now am back to have my full concentration... i dont rush things... am really focusing in my trades... am thinking positively... i guess i found the tick which all traders looking for...
guys.... dont ever trade if ur not in positive mind frame.... dont think trading will set u in positive mind frame...
try to put ur self in positive mind frame... if ur succeed in that ... then trade...
if u couldnt be in positive mind frame.... simply.... dont trade... n dont think trading will make u feel better...
many pips for all...
am in mood to share one small tip with u... :
when i started trading this month... "first time with a relatively large account"
i felt enthusiastic full of energy.... i started to make small profits.. almost vanished with some losses...
i rushed the things after that in terms to increase my profits.. some losses some profits... the pressure started to increase gradually..
then i entered this trade aud/usd... i saw my account with big DD... almost 50% but i had faith on it... but u dont imagine how much was the pressure i didnt sleep in some nights...
to make the long story short... aud/usd started to move in my direction... i started to close big profits...
now am still holding one position from 1.05 which i still think it will move more...
the idea is.... now am back to have my full concentration... i dont rush things... am really focusing in my trades... am thinking positively... i guess i found the tick which all traders looking for...
guys.... dont ever trade if ur not in positive mind frame.... dont think trading will set u in positive mind frame...
try to put ur self in positive mind frame... if ur succeed in that ... then trade...
if u couldnt be in positive mind frame.... simply.... dont trade... n dont think trading will make u feel better...
many pips for all...
