next target to the upside is 76. there is no meaning of talking about downside levels under current pa. if 4h closes well below 7390, we may have a few things to discuss. until then, it is more logic to look at the levels to the upside. meanwhile, ...

AUDUSD Trading Pit

talking about martingale i remembered this:

AUDUSD Trading Pit

the technique itself seems ok at first glance. you have a zone for buy and sell and targets for both directions. trader is good as long as price hits one of the targets. but then comes the problem: what if trader is stuck in a ping pong game and ...

AUDUSD Trading Pit

Hi Nat, thank you for the contribution and sharing your trading technique with us. please let us know the results this week if possible. meanwhile there are many other ways of trading with some martingale and hedge involved. one of them is "zone ...

AUDUSD Trading Pit

i am not sure if news is behind all this. us data was neutral at minimum. very good nfp but missed the hourly earning expectation by 0.1%. now it will take for bear lots of effort to stop this run and then turn around.

AUDUSD Trading Pit

the problem with answering your question is nobody really knows nothing people will tell you just to follow the trend. well, the question is which trend? 1 minute trend or weekly trend? the confusion among traders i find is they look in their 5 ...

AUDUSD Trading Pit

trading is like playing chess, buddy. i literally mean it. we need to consider several moves ahead and always monitor the situation and conditions on board. what will i do if opponent starts a full range assault or gives a check? do i sacrifice some ...

AUDUSD Trading Pit

actually i am pretty scared looking at the daily and weekly when started taking shorts, i was taking into consideration worst possible scenarios, which are happening. so i can hold these shorts until couple of hundred pips more but if we go ...

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all triangles

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the high is broken. if daily closes above 7385, break out will "officially confirmed"

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excellent observation, dab. i have been watching most aud related pairs. ea and ga has some more room for further fall. aud also performing well against nzd. the fall is imminent but most important thing is timing. we may even see breakout of 7385. ...

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i have got the 2nd sign. the 3rd sign is that sign 2 and 1 should not be broken at the same timeframe

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there are many signs to look for a reversal but unfortunately i am seeing only one of them: temporary rejection of 7385. the reality is we are in a very strong uptrend and no shorts are justified unless it is a scalp for a few pips at higher high or ...

AUDUSD Trading Pit

what's up people? no trading, no ideas, no opinions, just lurking around? i opened this thread so people can share their thoughts, trade and have fun at the same time. i probably will ask Twee to combine this thread with AUD/USD

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agree. maybe news from australia will take it higher today. if not, i am all good. 7370 will also satisfy me. sell orders still pending

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congrats to bear, we just had a whopping 20 pip retracement

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waiting for a decisive push. hope will get there. one of the important targets of mid term trend

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makes sense, buddy

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why not to wait for confirmation?

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in 4 days we had 240 pip from low to high. hope this volatility will hold. i will wait how the weekly close, if above 7385, then yes mid term bullish. but bear can't hang around longer if they do not take 7200

AUDUSD Trading Pit