I just had a thought: If we break a trend line and are unsure of direction would it be a wise idea to set up two trades one in each direction? Use half the channel as a stop loss point for the other direction trade. This way one trade gets stopped ...

AUD/USD

Trade idea. Order at 0.98000. Stop loss at 0.99167. Trailing stop at 232pips Reward to risk ratio of 2:1. Pointers for this Newbie trying to grasp the lingo? I've got a graph to show the analysis but I'm on my phone. Edit: change entry to 0.97800 as ...

AUD/USD

Closed at break even. Can't be bothered holding tonight. It's beer o'clock.

AUD/USD

Using Oadna as a practice platform. Suppose I could always hold the position and get up before market close in New York tomorrow... 8am AEST should not exist on a Saturday.

AUD/USD

Long @ 0.9835(2). What's the general consensus on holding a trade over the weekend?

AUD/USD

Check the 15M. Bulls where are you!

AUD/USD

Agreed. Based on previous level around (from memory) Dec?

AUD/USD

whys that? Is a win of 25-50pips still not a win? Or are we better waiting for the big market moves?

AUD/USD

I'm just wondering if I should go another fib retracement like the 48 I did two hours ago.... Bugger the long. Traders make money on change irrespective of direction.

AUD/USD

The London session will beat the USD down before locking in profits for the weekend?

AUD/USD

Took a 48 pip win earlier on the last retracement on 15minute chart. Graciu, anychance you can run through your analysis on that one? It's a bit busy for my newbie eyes. Looking at previous support on the daily chart I can see a strong support at ...

AUD/USD

I see what you mean. Like I said, I'm still learning

AUD/USD

Hmmm... Maybe. I'm still learning lol. Im looking on long term day trends. This is one of three main support levels I pulled out over the last year of data. From memory this support was from the December 11 low.

AUD/USD

From some technical analysis we are now at a critical support level for this pair. If we keep seeing a bearish trend we should drop down to around 0.96xx. If Bullish expect a rally as the dollar recoups its massive over sell. Positive fundamentals ...

AUD/USD

Certainly is, I'm holding though for experience. Should have closed off at a 15 pip win on paper but I'm letting the practice account go to track it.

AUD/USD

I've got a gut feeling that its going to keep going long. The budget put out a lot of green flags as far as spending and economic posterity. I'm long at 1.01384and will close out if we break 1.02000 again.

AUD/USD