"AUSSI" my thread and anything I want to put here

i would think mate a lot got burnt last night on euro on gbp on aud and on nz big boys mate made a killing

gap dxy

I do not have a desire to trade again this Friday as I have enough Grape Juice Money but Bloody hell GB temptations like a mouse trap loaded with cheese from the M/M,s are there.
Come forth the Bold.
R

O.K I can not resist the Temptations...Taking a few small sells...Just a game to keep the Grey Matter alive.
Please be careful
R

i said they would lake out the buys

I do love the Forex Game...Just wish that I was younger....I have noted that some folks have young children that they have taught forex with some success...The World is at their feet.
R

Another temptation which I have taken but only small lots...Just for fun.
R

Closed Gold trades....Will watch...Holding GBPAUD trades
R

Update to post 2884 above.
A few Dollars so far...O.K I have taken 79 pips and may try for more...Will update chart later.
R

Gidday CED
Think you are right about a few loosing there shirts and a lot more with the GBP gap.
I was monitoring all spreads on a VPS between 9.00am and 10.30am Aussie.
The market makers were having a ball, it was there time to clean up while some traders are in a forced position.
The spreads went from normal to times six for that hour alone, along with the huge numbers of panicky traders trying to cover there positions.
It was also interesting to watch the added surge of activity at 10.00am when other exchanges opened as it sent the spreads into a second but shorter period of panic.
A lesson here for all the new traders.
No matter what protection you have in place when a market gaps or spikes if you are on the wrong side of the trade you can be wiped out.
Stop losses will not help you in these circumstances, that is why your account provider can not and will not guarantee your placed stop loss.
On the bright side though if you can read what is coming up and have the right mind set a good trader can make a killing in minutes.
Nothing ventured nothing gained as we say.
Love it, love it, love it.
All the best traders.

Update to post 2862.
I was busy with other trades so did not get back to this pair but all pending orders were taken and won...You will see one trade on the chart which I will close on Monday...Currently this one trade is showing $365.51 profit
R

GD ...
Week nr 7
Not much time spent on charts …
the rapid increase in value of GBPUSD caught in an even larger DD still not closed tracks taken down below ..





7 weeks practice time generated more then 700 entries (scaplps)





The rapid increase in value of GBPUSD caught in an even larger DD still not closed entries taken down below. These over twenty entries have a positive swap.

Seven weeks of training generated over 700 entries.
Everything indicates that this year I will not be able to spend more time with charts anymore, most likely I will not return until after the new year.
I will spend my free time analyzing what and why happened in my trading. I tried to catch the conclusion and try to use it in the next period, e.g. 6 weeks.

Have nice weekend ...

BN

Have a great Holiday season bud ,, trading ,, a few tweeks and you will be fine ,, ,,those ones down below ,, with those tweeks you will never hold em ,, your internal clock will start getting keener lol may sting a bit at the time but by the end of the day they are a distant memory ,, and there is one tht ticks when you start taking some multi lot trades ha ,,just comes down to placing em in areas you know there will be room for ,, as playing the picture in the bigger picture

as said ,, even the gbp a long process as the chess match plays out what is the same on all the charts ,, something tht doesent get missed too often and when it does it should catch ones attention ,, even when it comes to loading a few button trades looking for just a little on many small lots ,, every level it got sold from eventually price chewed thru it ,,, a week long bull flag as in the circle ,, should perk ones curiosity ,, what happened on the next couple of hits to tht level ? if one was going leave a few positions ,, longs will have a better chance of surviving and getting a tgt hit ,,based on what is happening longer term ,,, which one could take away from what is happening


was there any shorts against the grain ,,, yep ,,, done in the right spots the right time there was a bunch of em ,, ,, ones sht near bigger level not the ones to leave tho ,, 8 hour average price ,,,, under ,, where is the big level below ,, how much room ya got ,.,,, keep in mind the smaller time frame ya go the more fucked up the scaling is gonna be ,, know where them levels are at ,, the trip to the WP ,, starts out a m1 chart ,, one can get lost pretty quick

and what happened ,, even a minute chart one must be aware of the longer shit ,, ,,one must be damn good at it ,, or one will have stranglers taking away from the good trades ,, eac day there are trades against the longer trend ,, done in the wrong spots tho they will clobber one ,, being the point and they may become worse and worse

Was there anything else one might have used to help grab a few ,, there is always a level lol whats a mkt do ,, takes a level out retests it and continues on or it dont ,,, M1 chart a bit hard on the eyes ,, it gives one no advantage as being 1st in on a move as stated ,, gives one a way to refine entries ,,, maybe take a few scalps a couple times ,, but with out the longer view down ,, what one makes is gonna get wiped each and every week on the day the big charts do their thing,,,, may as well learn tht now

just playing the pattern in the pattern ,, lol,, same ole yada yada ,, grand puba box,,,, a m1 is not the scalping chart ,,, a daily chart is,, one can see what the flag was under and wht it was trying to punch thru

Thank you digger1 ... you are very generous mate!

Kinda removes all the bullshit and what news was gonna do wht and all the typical bullshit does it not? ,, chart will tell ya ,,just put the pieces together ,,not easy but it does uncloud the mind from all the crap and causes one to think about what pieces do I have to get where

No worries bud ,, happy Holidays to ya ,, the best to you and yours

lol and thts how the bigger picture can sneak up on one ,, even right down to a m1 chart just looking for a few