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shellsnail replied Nov 14, 2014Not bullish; just corrective... but aud gonna drop hard! anw i trade GA for its own price... who cares about GU. Having said that I have no qualms switching my position if this proves wrong...

AUD/USD
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shellsnail replied Nov 14, 2014not sure about that but I think bloodbath today on aud/usd. anyway im plannin to reload shorts on GA next monday evening after london close... see how it goes
for now upside could be enormous..AUD/USD
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shellsnail replied Nov 14, 2014Question now is... real or fake? If it's real bounce, AUD/USD is gonna fall like nobody's business soon... I'm biased towards real: 1) GBP/AUD hasn't touched daily pivot yet... it didn't touch yesterday as well, pretty rare to have two in a row... ...
AUD/USD
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shellsnail replied Nov 14, 2014Closed the most recent shorts initiated today and opened long hedge... waiting to see if I should close everything. something just doesn't feel quite right about today's move... Maybe it's a friday thing but I think not. Feels like big players are ...
AUD/USD
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shellsnail replied Nov 14, 2014Well, GA sure looks like it's breaking... 5 pips from yesterday's low... looking forward to some good moves after 16 hours of consolidation... if it bounces here, risk of leading diagonal + third wave break out upwards.
AUD/USD
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shellsnail replied Nov 14, 2014LOL that one minute candle was some intense shit... what's going on hmm.
GBP/AUD
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shellsnail replied Nov 14, 2014Don't understand today's price action lol... Can't believe GA still hasn't broken out to either side yet... Everything seems to be moving rather weirdly today. The thing is there doesn't seem to be anything on the horizon for pound and aussie... so ...
AUD/USD
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shellsnail replied Nov 13, 2014Haha interesting... Which pair isn't a stop hunt pair these days :/ I have come to delight in trading these fake bounces/retest/retracements... They give extremely good entry points and often provide nice counter trend profits too. And 0.9 is very ...
AUD/USD
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shellsnail replied Nov 13, 2014aud/usd is confusing... I half suspect this week is a dead cat bounce and we will see bloodshed next week... (because these kind of patterns are very common on smaller time frames).. I have never seen one on the daily chart though... And then again ...
AUD/USD
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shellsnail replied Nov 13, 2014yeah but perhaps the low of the day is in? statistically speaking, high of the day seems to be in for GBP/AUD.
AUD/USD
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shellsnail replied Nov 13, 2014Funny how when the bears come out and say their piece... aud starts rallying again

AUD/USD
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shellsnail replied Nov 13, 2014No idea but I heard the moon invited AUD to a party this month. You know AUD, she's being all coy about it.
AUD/USD
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shellsnail replied Nov 13, 2014Could you code an EA to open market order at specific time intervals (say every hour etc.) Thank you!
I will code your EAs and Indicators for no charge
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shellsnail replied Nov 13, 2014If you can do this 5 pip thing so consistently with high leverage, you'll be way more profitable doing it in the direction of a large trend and setting it to breakeven right after 5 pip is reached... You may fail say 5-10 times, but you'll probably ...
5 PIPS - Only Five
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shellsnail replied Nov 13, 2014image These consolidation patterns are powerful stuff... image Watch for a break above... Or for that matter, below.. *** Aussie going back up it seems, first target should be consolidation zone... price action there will lead the way
AUD/USD
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shellsnail replied Nov 13, 2014not on the shorter timeframes... nor the longer time frames... Only 1H chart maybe. but that's enough reason to be looking for a turn to go long.... in other news: look at the beautiful downtrend in GBP/AUD... reversal/retracement (You never know ...
AUD/USD
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shellsnail replied Nov 13, 2014Surely if I could guess the lottery numbers right 50% of the time I do not need to "predict the future" lol What's the difference anyway? Sounds like just playing with the words...
What are your favorite trading myths?
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shellsnail replied Nov 13, 2014But some papers have also shown that in the foreign exchange market, such "level 2" market depth variables do not improve profitability of systems beyond the information that price already offers... In fact, using them may make things worse because ...
Banks Hunting Stop Loss Orders