Moving target back to 0.8610. This whole week was spent stopping out weak shorts (stealing there positions). Next week should fare much better for shorts, I reckon.

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Give it a little more time. It looks very bearish. I can see this being near 0.6250 within a few weeks.

AUD/USD

That might work out, though I'm not a fan of waiting for small pullbacks off lows to sell into. Its rather dangerous. Personally, I can see a small drop coming followed by consolidation for some time (chart). If your going to go short this pair, the ...

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Actually, I think it was more like 4 years ago. Around the time my niece was born and she'll be 4 in December.

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EURUSD still unclear for me at the moment. Still possibility for downward movement, but it also might be forming a bottom. Wait and see on that pair. This way of analyzing the market has evolved a lot. I think I started looking at it from a ...

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A possibility... If we see 0.8900 before the close on Monday, I'll take profits there. That's a reward 2 times the amount initially risked.

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Hello dcavar, you have a good point, and long-term we might see continued weakness in NZD. However, markets don't move in straight lines, and now that the news is out, the market might decide to go ahead and wash out the traders who think they can ...

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So continuing with my analysis on this pair from post #466, I see this latest price action as more trickery to create liquidity for big players. Big players that are using the liquidity to add size to a short position. This is how I see it (chart). ...

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Always obey the stop, but with that said I would try this again. Chart with stops, entry, target. 1:3 trade.

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Good call on that, bodring! AUDNZD making things more complicated, which usually means it will go even further when it turns. I still don't think it will hit the stop, as close as it is. One thing to always keep in mind is to factor in the spread ...

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Look at and analyze as many charts as you can. Obviously you want to concentrate on forex pairs, but the concept applies to all markets. I've studied and tested many different tools over the last 11 years, from counting Elliot Waves and market ...

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Yeah, there are almost always a few set-ups available. AUDNZD short looks good for a 1:1 trade (chart). How do I recognize the traps? Probably from years of being the prey! Its not so easy to explain, but I basically look at all timeframes from ...

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I can hear my inner voice saying, "Don't be greedy now, knucklehead!", but I don't see anyway that AUDCAD doesn't break 0.8600 soon. This pull-back we had since this week's open means there are still buyers. The real selling hasn't even begun yet. ...

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Your welcome, bodring. AUDCAD spending last two days making it hard on weak shorts. It looks like it is very close to heading back down soon. It might have just topped again a few minutes ago. USDCAD definitely in a topping phase right now, but I'm ...

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Ehh, he was just being silly, though now I see the point he was trying to make.

A year and a half experience and still facing difficulties

Hahaha...there's no debating that! The world would be a very sad place without whores! But fair post, The Fool. I agree with what you said here. And you can't be a bad guy if you know who Dweezil is.

A year and a half experience and still facing difficulties

Maybe I have, was kind of making my own point. Define "shit loads". Millions? No. Hundreds of thousands? Yes. More than 99.5% of FF members? I would bet on that. But to be clear, I do not even consider myself a professional trader by my own ...

A year and a half experience and still facing difficulties

Haha...funny, but did you really just compare trading to being a whore?!?!? My point was that docs, lawyers, etc have a guide that tells them, "Ok, complete this, this, and this and you'll have your degree." There is a clear understanding of what ...

A year and a half experience and still facing difficulties

The big difference is doctors, lawyers, pilots, etc all go to school. They are given material to study, and then they are tested on it. If they get good grades and pass all the tests, then they get their degrees and are officially labeled as ...

A year and a half experience and still facing difficulties

First, I don't care at all if you post in my thread. Second, the only volume I look at is whatever is obvious on the charts. I look at naked candlestick charts and use LOGIC. USDCAD..please see the charts I have put together for you. These are the ...

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