When you posted price was 78xx and went south to 7501. Did you hold all the way and add or how did you manage your position/s? Congratulations on your profits and backing your fundamental beliefs.

AUD/USD

My analysis considers 18 years worth of data so I'm not at all worried about my timeframe. Made enough on the drop to 8005 late last week that I can patiently wait for my remaining positions to become profitable. Can I improve my entries? Yes and at ...

AUD/USD

I've been short since 78c and have my highest one at 8026. 4hr chart suggests we are starting to see lower highs and lower lows so I'm happy to try and replace some positions closed in profit at 7999 and 7991 at 8015 and above. Also have orders in ...

AUD/USD

I have no problem with you aiming for 1.19 or lower but would suggest your 1st target should be above the 1.1922 low from your chart, not below it as it's a likely support. Me, I'm short with multiple positions and will be taking some profits all ...

EURUSD only

I think it's a case of doing both. I have my positions but it's about being aware of what factors in addition to technicals will/can impact price in short, medium and long term.

EURUSD only

I think there is a lack of conviction from both bulls and bears and am not surprised given there are two events with uncertain outcomes pending: 1. US Govt shutdown over debt limits 2. German Govt coalition agreement (or lack of)

EURUSD only

Davit's advice was a very good suggestion, however it is worth noting that people have different dominate learning styles. Some are visual, some auditory, some kinesthetic (learn by doing) and some read/write. If you don't know what you are it's ...

Pivot Trading

Post 7 at this news article url suggests its only part of the SPD and final decision not due until 21 Jan.

EURUSD only

My advice based on discussion on page 442 of this thread about buttons indicator would be to download this: url then: 1. set up Davit's pivot's on one template and add the buttons indicator, editing it to cover the pairs you trade.

Pivot Trading

I had to google what Seppuku meant. One can consider price action without monitoring current price action. eg If price has travelled 300 pips up without significant pullback and one has studied long term price behaviour for a pair one can form an ...

Pivot Trading

bolded is good advice but if, like me, you don't have time to monitor the market (eg when sleeping) I often still have orders in place but do them at a lower position size then I would if I have price confirmation.

Pivot Trading

I know you've now closed this in profit, just curious about your reasoning of shorting UJ vs looking at something like CADJPY instead? (Based on your other posts, if I'm correct, you are expecting some US strength and CAD weakness) Is CADJPY too ...

Pivot Trading

Could it get there, yes - but to me forex is a game of probabilities. Weekly rsi was 38 when price was 75c, it's now a bit over 56. If price goes up another 350 pip with no major corrections weekly rsi might be sitting around 74 with 150 pips to ...

AUD/USD

I'm not convinced it's a reversal on AU yet (obviously depends on your timeframe though). For mine I need to see a higher low on the daily and a push above 7729 for a more convincing higher high. FED for mine weren't that dovish (I didn't listen to ...

AUD/USD

Under the mattress, no it won't grow but the capital is retained, not to be confused with value retention (not being eroded by inflation). Anyone I think we are on the same page, just splitting hairs and sidetracking the thread so I will so no more ...

Pivot Trading

I appreciate the link and it's message. As for your comment above, it's like many things in life it needs balance because if all we believe in is capital preservation before anything else we would just leave our money in the bank, under the mattress ...

Pivot Trading

Unlikely to be that simplistic. Will depend on whether rates are raised and the rhetoric that goes with it ie the expectations for future rate changes, economic projections etc etc.

AUD/USD

re bolded - chart shouldn't be your only guide eg when news is coming up it can be good to lock in some profit eg if have two positions close one Also think about what is most important to you; results or how they are achieved? If you get better ...

Pivot Trading