First H4 close below rising TL, 3150 obviously important too but I'm cautiously short from 3164, tight SL 3174

Spider's Den

Nice rejection, BOJ statement came on time too

AUD/USD

1.0670 now make or break, retesting lower long term TL.

AUD/USD

Why, these accounts are normal in Muslim countries, Islam forbids earning or paying interest and that's what swap is.

AUD/USD

Dunno, my broker doesn't make any money off my swap either.

AUD/USD

Unless he's got one of those Muslim accounts with no swap. url

AUD/USD

For how long do you expect to hold this positions open? The swap will eat you alive.

AUD/USD

I would never short this.

Spider's Den

Don't wanna get fooled by a fake.

Spider's Den

We got 45 min till WS opening, open banks might as usually do a bit of hunting, same as Frankfurt does, it appears to me we're gonna make LL's first then later crack new HH's. Aussie is about to form a bull flag on M5 M15

Spider's Den

If it works out for you then it's all good, can't see much sense in it though myself. Sooner or later everybody realizes that there is no full-proof strategy that will make your equity grow forever, diversifying and adopting to changes in sentiment ...

AUD/USD

So you're hedging against yourself and paying spread twice? Purely mathematically and logically you have no chance of winning in the long term, sorry but that's a scientific fact. You have more chance of winning in the long term if you flip a coin ...

AUD/USD

Yep, been there too, what do you do when you not only miss the target for the day but lose profits earned day before?

Spider's Den

Well of course since there is no "holy grail", it all depends on your way of trading, if you're going after 1000 pips, then you'll be trading big swings and trend reversals in which case your SL's wont be smaller then 150-200 pips. If you're just ...

AUD/USD

That's right, NY will shake and stir Until then, how do you feel about a missed good entry like this one of mine from Friday? Bloody 800hr EMA, price hasn't been nowhere near there since November last year, missed the massive pending short by 8 ...

Spider's Den

Low volume too, looks like most of the volume comes from bots scalping. Stories like these are always nice when thrown in such a dull enviroment to shake things up a bit

Spider's Den

Fair bit of guessing there don't you think? Might just be easier to flip a coin, it's got two sides instead of five, head=up, tails=down. (navia aut caput)

AUD/USD

LOL dunno, they're "looking into it to determine the source of the problem" Wasn't visible on the charts tho except EUR/GBP dropping some 15 pips.

Spider's Den

Italy had massive troubles selling their T-bills just then, now they're blaming technical problems during the auction

Spider's Den

More like ranging until NY at least. DAX and FTSE are bouncing between 10-70 points up and down ever since the opening. Normal Monday if you ask me, good for scalping so far tho.

Spider's Den