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Rag2RichesFX replied Oct 15, 2015No reason? Look at the monthly chart. It's a morning star and we are at the lowest price we have seen in 6 years. I think that is a good reason. I loaded longs at 7220/30.. and add to winning position up until target is reached. Just like there is ...
AUD/USD
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Rag2RichesFX replied Oct 14, 2015Locked and loaded. Been waiting for this move into 75cents for 6 weeks. .7460 is first TP and .7525 is second TP (so average is .7492)
AUD/USD
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Rag2RichesFX replied Oct 14, 2015Was just trying to see if you actually knew anything. But apparently, you don't, with the answers you gave me. There weren't buyers at 70cents? How can you even say that? Obviously there was. My question was, who was SELLING at that level? ...
Is anyone here an institutional trader?
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Rag2RichesFX replied Oct 14, 2015Starting from $50 is just so it can be an affordable strategy for anyone. Anyone can afford $50 as their first trade. That's a mini lot with a 50 pip stop loss. Once I am a better trader and have secured about $500,000, I will use this strategy ...
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
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Rag2RichesFX replied Oct 14, 2015It's a better trade (NZD) than the AU but I missed the entry.. Being short AUDNZD helps though.
AUD/USD
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Rag2RichesFX replied Oct 14, 2015You are a good trader, giving credit where credit is due less is more in this game I agree AUDNZD is now very heavily bearish. Another go at parity seems right. Riding short from 1.0920 into year end.
AUD/USD
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Rag2RichesFX replied Oct 14, 2015Great trading this week
Will be following your TE into the future.EURUSD
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Rag2RichesFX replied Oct 14, 2015AU longs should have been in kiwi longs instead. kiwi going another 300 pips higher towards 7125 while AU goes around 7500 should put AUDNZD towards 1.05 level, ive been holding short since 1.0920
EURUSD
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Rag2RichesFX replied Oct 12, 2015.7386 is the 38.2 retrace of .8162 to .6908. We came within 4 pips of that price. However my TPs for this week are between .7450 and .7500 for a spike only (not the final target, though)
EURUSD
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Rag2RichesFX replied Oct 11, 2015It bounced 800-900 pips twice in 2013/2014, looking for that to happen again. Probability of it happening on this swing is much greater too, because price is much cheaper. Just look for the intraday entry and let it run. It would be one thing to be ...
EURUSD
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Rag2RichesFX replied Oct 11, 2015this is oil long target and possible new short zone (54/56)
EURUSD
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Rag2RichesFX replied Oct 10, 2015Best trade I see for the remainder of 2015. Hope all has been well! We have the 23.6% retracement of 1.1080 to .6900 coming in at .7891 We have the 76.4% retracement of .8162 to .6900 coming in at .7866 We have the 261.8% extension of .7279 to .6935 ...
Mr. Scott's Crayon Thread
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Rag2RichesFX replied Oct 10, 2015I certainly won't rule out a bat pattern forming before the big move happens though. Either way I'm not going to let noise shake me out of the long.
EURUSD
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Rag2RichesFX replied Oct 10, 2015I'm done trying to get cute with it. Just going to hold it and not even check the price until mid November. Doubt it will even go under .7150 before seeing .7700+. Dips will be shallow. I revise my target to higher than 77cents.. some strong ...
EURUSD
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Rag2RichesFX replied Oct 10, 2015Thinking it will hit .7700, without going under .7150 97% certain of it. Even higher possibly. Some very strong confluence levels just below .7900 We have the 23.6% retracement of 1.1080 to .6900 coming in at .7891 We have the 76.4% retracement of ...
AUD/USD
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Rag2RichesFX replied Oct 9, 2015Trading half a million in volume on average I am nowhere near a big trader. And even once I am trading 50 million, I won't be moving markets or even influencing other players in the slightest..... so I am not sure if I will ever have first hand ...
Is anyone here an institutional trader?
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Rag2RichesFX replied Oct 9, 2015That's a contrarian indicator! If most are short, I know I'm probably right going long. 70% of Forex Factory Trade Explorers are short to me means I'm right to be long.
AUD/USD
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Rag2RichesFX replied Oct 9, 2015.7525 to .7700 zone. Could even happen this month, October... but I think its a 95% chance of happening by end of November. AUD is a cheap currency relative to where it has been in the past.. It's a technical correction.
AUD/USD