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Rag2RichesFX replied Jun 18, 2015AUDUSD Daily I closed and shorted temporarily, but I'm back in exactly where I closed longs. No way I'm missing this. This is where in the past, I would mess up and try to get cute. No chance I am doing that on this once in a blue moon trade ...
EURUSD
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Rag2RichesFX replied Jun 18, 2015Indeed. Sell the stop hunt. Great area to short. Im glad I got out before I was hunted. Was happy with 20 pips. Now time to short again.
EURUSD
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Rag2RichesFX replied Jun 18, 2015WOW!!! Luckily I closed my shorts on the spike down. That was an incredible stop hunt.
EURUSD
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Rag2RichesFX replied Jun 18, 2015Time to scalp short. But its most DEFINITELY a breakout on the AU weekly. Will be buying dips with tight stops shooting for .7940 next, risk reward 1:5 minimum It's buy dip mode across all majors (that end in "USD"). Heavy bull trends in everything. ...
EURUSD
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Rag2RichesFX replied Jun 18, 2015AUDNZD has reached target. Time to close those Aussie longs and get heavy into NZD longs. (up 100 pips on AU, 4 lots... down 30 pips on NU.. only 1 lot) How about that Euro
Patience....EURUSD
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Rag2RichesFX replied Jun 17, 2015Natural Gas forming H/S on both weekly and monthly. Looks good for a 60-80% rally. I got in last week. If breaks neckline (6.75ish) could be a 300+% rally.
EURUSD
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Rag2RichesFX replied Jun 17, 2015Even if price pushes to 14.xx, as long as weekly candles close above 15.045, it's bullish. Knowing the big money, they like to run the stops. Higher lows do not matter. Only a CLOSE above the higher low matters. That's one of the most important ...
EURUSD
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Rag2RichesFX replied Jun 17, 2015the next big play for me is short SPX and long silver (silver outperforms in bull market, always, and gold holds its value better in bear market) here is the real indicator that 2008 was nothing more than a blip on the radar screen...... this next ...
EURUSD
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Rag2RichesFX replied Jun 16, 2015Indeed. I am playing a higher low on AU, but for NU, still expecting another drop. Indicated by the AN bullishness that AU will hold its major low 7525, but NU could take another hit. I am in 4 lots of AU and 1 lot of NU (with another 2 lots stacked ...
EURUSD
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Rag2RichesFX replied Jun 16, 2015Yes. and AU should be the better long until AN reaches target. Then NU is the better long (a 500+ pip correction is coming on NU)
EURUSD
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Rag2RichesFX replied Jun 16, 2015EU daily..... and I'm not going to play this drop. Too risky, might not even happen. Just hold long.
EURUSD
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Rag2RichesFX replied Jun 16, 2015NU is forming the exact same signal that AUDNZD formed in April. Was long from 1.0060, pissed I didn't ride it to where I knew it was headed. Would have been 1:25 risk reward (without a pyramid). Patience is definitely the hardest part of trading. ...
EURUSD
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Rag2RichesFX replied Jun 16, 2015Believe the new consensus is for September. But it wouldn't surprise me. A rate hike will get an initial reaction bearish (for the EU), then smart money will buy. Historically rate hikes/cuts are baked in, and those who trade the news, get burned. ...
EURUSD
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Rag2RichesFX replied Jun 16, 2015That AUDNZD long was one hell of a ride. It's one of my favorite pairs. When AUDNZD makes its turn I'll get long NU.
EURUSD
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Rag2RichesFX replied Jun 16, 2015Actually, most novices are bears, because they think they are trading "with the trend". That trend was nearly invalidated in May (needed to break 1.1535). Now it simply needs to break 1.1465. All the big money knows fair value is 1.25. But it won't ...
EURUSD
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Rag2RichesFX replied Jun 16, 2015Chart from last week Quite obvious how undervalued it is. Mean reversion is highly likely. I'll keep my longs until 1.18+ Meant cloud cover not hammer, on Q2 candle. Will probably dip lower briefly to begin Q3 then will breakout of 1.1465... 400 ...
EURUSD
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Rag2RichesFX replied Jun 16, 2015The Q2 quarterly candle is a massive hammer candle. Bodes well for a continuation in Q3.
EURUSD
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Rag2RichesFX replied Jun 16, 2015Yes. When monthly broke 1.368 higher low, market plunged to 1.2755 higher low. When it broke that, it plunged to 1.2040 higher low. When it broke that, it plunged to its new lows near parity. But the monthly lower high is now 1.1535 (actually, ...
EURUSD
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Rag2RichesFX replied Jun 15, 2015Wow, this is such an old thread. I remember when I only had a few thousand to play with. Now I profit $1000+ in a day quite consistently. Haven't hit $1million yet but I am over $150,000. Stick with it!!! The only reason anyone would ever fail as a ...
$1000 into $1mil (100,000% per year), stop making trading complicated
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Rag2RichesFX replied Jun 15, 2015Not day trading this week. Just letting some weekly trades run. Will be back to scalp some pips next week.
Risk 1%, RR 1:2, 50% win rate, 2 trades per day, 1000%+ year