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- PA is King replied Feb 23, 2016
There's the problem between you and me...you are a position trader(long term) and I'm a day trader(short term)...you can't really compare our trading views since they are based on different timeframes. You are right though, the only thing constant ...
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- PA is King replied Feb 23, 2016
I just wanted to throw this chart up here so you guys get an idea of a the top of pattern I look for in order to short. Let me state my view again, for me...I am NOT taking a short right now as I don't think it's wise to fight the pretty strong ...
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- PA is King replied Feb 23, 2016
glad I stayed out of the market and didn't take any shorts, still no major sellers on a/u. There is another problem I see with shorts right now, while the e/u and g/u have been selling off like crazy(usually USD strength), the Aussie has been ...
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- PA is King replied Feb 22, 2016
Congrats on the positive pips. I still think it will retest the .7200 area...just not sure if it will bounce or try to go any lower. That broken 4hr down trend line I posted earlier...a retest of that would be around .7180ish.
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- PA is King replied Feb 22, 2016
That's not bad at all. Some traders can trade like that without any problems. I assume tashkent is one as well. All kinds of styles of trading. If you found one you like and it works, stick with it. My comments are more biased towards newer traders ...
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- PA is King replied Feb 22, 2016
Good information guys. And it's nice to see the traders positions from various brokers. Looks like overall the majority of retail traders are thinking short. I'm pretty sure the "big money" is long. As for Price Action price has rallied 170pips from ...
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- PA is King replied Feb 22, 2016
Hi Blackopal, I'm not sure how you have you FF layout, but on mine when you scroll to the bottom right of the FF homepage it lists the Positions/Live account stats. It shows e/u, g/u, and u/j. You have to click on "more" and then scroll down to ...
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- PA is King replied Feb 22, 2016
wow, I just looked at the FF position/live account stats. 66% of traders are short A/U and 709 are in losing trades while only 90 are winning. That's EXACTLY how the markets makers make their money!
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- PA is King replied Feb 22, 2016
I finally see a bearish pinbar on the 1hr chart and some pinbars and railroad tracks on the 15mn chart. Short from .7230 short provide a 20-30 pip gain down near .7200 area. Not sure what price would do f on there. As always, keep your stop loss ...
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- PA is King replied Feb 22, 2016
I wouldn't fault anyone for trying a short at .7230. But it doesn't fit my trading criteria. I'm not a position trader, just a simple day trader. Sitting on the sidelines does protect my account from losses and I'm ok missing pips if price does go ...
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- PA is King replied Feb 22, 2016
Maybe and maybe not. On Feb. 4th we had rail road track candles on the 1hr chart and some pinbars. I don't have any of that right now as price has just reached that area. Time will tell, just need some patience. I should add in here that we have ...
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- PA is King replied Feb 22, 2016
and now we are at .7230. Sometimes it's best not to fight the trend. Sometimes it's best not to trade at all.b there's nothing on my charts indicating to short, but that's just what I see.
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- PA is King replied Feb 22, 2016
Keep an eye on it and find out. Just like those "false" breakouts below the 4hr uptrend line I drew that never closed below the line...watch and see if this one closes above it or not. If it does close above it, for it to continue higher either 1) ...
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- PA is King replied Feb 22, 2016
Ah, I gotcha now. Makes sense, USD has been strengthening for a couple years now...but as we know, nothing trends one way forever. The tide will turn. I just don't think today(as I'm mainly a day trader) is the right day to trade shorting Aussie.
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- PA is King replied Feb 22, 2016
I've been watching the uptrend on the 4hr chart for a few weeks now, thus my reason for my long bias!
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- PA is King replied Feb 22, 2016
While there are many many ways to trade, I stress to the newer traders to forex, PLEASE trade with the trend until you get some experience! Todays is a perfect example...nearly 150pip straight up on Aussie since Friday's lows with nothing more than ...
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- PA is King replied Feb 22, 2016
I'm not sure about the decline in USD as the E/U and G/U are tanking(USD strength) and U/J and U/Chf are heading up...again USD strength. USD is only weaker against AUD, NZD, and CAD. But I fully agree the market is manipulated by the market makers! ...
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- PA is King replied Feb 22, 2016
We just broke above last weeks highs so now we have a higher high! Uptrend still going strong! Hope no one got caught short. Price has gone straight up 130pips from Friday's lows without much more than a 20pip pullback. Last weeks Bad AUD data and ...
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- PA is King replied Feb 22, 2016
wouldn't be surprised if Aussie goes to .7260 area as that's where the Daily 200ma is. Just needs to break through.7200 first.
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- PA is King replied Feb 22, 2016
That would be okay, we need another dip in order to buy.

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