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100PipsADay replied Oct 24, 2012Yea I agree, this is the most important aspect of trading, the psychological side of it.
AUD/USD
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100PipsADay replied Oct 24, 2012Hahaha, I know! Didn't want to chance it so I locked in my profit. The 10 trillion Yen BOJ stimulus package (rumor) is still up in the air but if they go through with it I will definitely look to go long again. OR, if USD/JPY breaks the weekly trend ...
AUD/USD
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100PipsADay replied Oct 24, 2012Starting to regret closing out my AUD/JPY longs!
I let all this "bear talk" influence my trades! LOLAUD/USD
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100PipsADay replied Oct 24, 2012I completely understand what you're saying. All I meant is that it doesn't really matter if the numbers are cooked or not when trading FOREX as the market moves off of what it hears and sees. So even if the numbers were in fact cooked (not saying ...
AUD/USD
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100PipsADay replied Oct 24, 2012AUD is still below the daily downtrend TL since 9-15 which intersects at 1.037 and obviously below the weekly downtrend TL which intersects at about 1.058 If Daily TL is broken and confirmed I will long until 1.05 and then look to short at that ...
AUD/USD
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100PipsADay replied Oct 24, 2012So are the US unemployment numbers... However, it doesn't matter if the numbers are fudged, what matters is what is published and how the market perceives these numbers. This is why the AUD is getting a push upwards. However, this is NOT the ONLY ...
AUD/USD
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100PipsADay replied Oct 24, 2012DOW Weekly — I think long on equities would be the best R:R vs. going short at these levels. Look at the weekly trend line. I see a nice bounce up off of the TL later this week or early next week. Obviously if we get a nice spike with US ...
AUD/USD
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100PipsADay replied Oct 24, 2012Tomorrow is another day! Enjoy the rest of your day Maximinus.
AUD/USD
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100PipsADay replied Oct 24, 2012FOMC — I hope the FOMC will move the markets one way or another but I'm not holding my breath. Most observers not expecting any surprises. The FED Funds rate is expected to remain unchanged and there should be no adjustment on asset purchases. ...
AUD/USD
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100PipsADay replied Oct 24, 2012Hey thanks Wulf! I don't normally play EUR/USD but thought it was good R:R. Quick in and out with those trades. AUD/USD Daily candle is looking extremely bullish right now... I think FOMC is bears last chance for this week in regards to AUD ...
AUD/USD
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100PipsADay replied Oct 24, 2012Ahhh...I see what you're saying. Well first of all +220 pips in one day is excellent so you're definitely doing something right! As far as giving back to the market, I can't help you with that as I still do this quite often as well!
Maybe set a ...AUD/USD
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100PipsADay replied Oct 24, 2012I also enjoy reading other people's live trade calls coupled with their analysis as to why they are placing the trade and when they plan on exiting the trade.

EurAnalysis
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100PipsADay replied Oct 24, 2012If you're in and out of trades during the same trading session and/or the same trading day then you would be considered a "Day Trader" therefore the psychology behind Day Trading is MUCH MUCH different then the psychology behind a "Position Trader" ...
AUD/USD
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100PipsADay replied Oct 24, 2012All I can say is stick with your own trading system. I personally prefer to Swing trade as I don't have the patience to position trade. Day trading is a little too fast paced for me most of the time. So psychologically, Swing trading works for me. ...
AUD/USD