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pt49 replied May 31, 2012I make myself aware of the fundies a few times a day (merely by looking at the "Calendar" in forex factory). But there's no way in the world I would try and trade based on fundies. I have a friend who trades "News" announcements (on multiple 6 and 7 ...
It's Really All About Consistency...
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pt49 replied May 31, 2012It's just that I am amazed at how detailed your research and preparation is. I takes my hat off to you, I just could not do that sort of research to prepare for a simple trade.
It's Really All About Consistency...
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pt49 replied May 31, 2012Are you trained as an engineer as a profession by any chance?
It's Really All About Consistency...
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pt49 replied May 31, 2012There are no stupid questions yes a big swing or position trade based on monthly chart... over 900 pips target, with 300 pips risk (stop).
AUD/USD
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pt49 replied May 30, 2012I'm not sure if I'm a genius or just plumb lucky, but I'm sure picking out some nice trades here lately. Picking the Yen breakout and that 4 hour pinbar on the AUD were great trades. If I can maintain this I'll get to $2,000,000 in 2 years on this ...
$2,000 to $2,000,000... no time limit
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pt49 replied May 30, 2012I use them because they use New York close not GMT on their daily charts. I think the discrepancy on the 4 hour is because of where the AXI server is... possibly Western Europe, I'm not sure, FXDD are the same. The reason I prefer NY close charts is ...
$2,000 to $2,000,000... no time limit
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pt49 replied May 30, 2012Yes we are at the 78.6% retracement on the AUD/USD monthly chart, so its fair to assume we at or near the bottom of this aussie bear, within a hundred or so pips maybe. To buy based on this you'd need a stop of 305 pips for a 3:1 reward to risk ...
AUD/USD
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pt49 replied May 30, 2012I closed all open trades a while ago to lock in profits... going to bed. I have placed entry Limit orders about 20 or so pips above the point I closed each order. I've estimated that I need to compound my Equity at about 7% a week to turn $2,000 ...
$2,000 to $2,000,000... no time limit
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pt49 replied May 30, 2012I've shorted the AUD/USD 17 times in 2½ weeks for 17 winners and 882 pips... looks short to me
AUD/USD
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pt49 replied May 30, 2012The PinBar setup already in 38 pips profit (only about 20 pips in screenshot)
$2,000 to $2,000,000... no time limit
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pt49 replied May 30, 2012Bearish pinbar rejecting ema8 on a 4 hour chart... VERY strong continuation setup Going SHORT in other words
$2,000 to $2,000,000... no time limit
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pt49 replied May 30, 2012My goal to turn $2,000 into $2 mill may take a while To do it in 12 months I must compound at an average of 79% a month... can't see that happening. At 7% increase compounding per week it would take just 2 years... mmmmm a bit over 1% a day.
AUD/USD
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pt49 replied May 30, 2012You are back in the green (congrats on that), but how long before you recover what you lost, do you think?
AUD/USD
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pt49 replied May 30, 2012He/she can search Google for it or go to my thread and learn a method that comes up a lot more often and is about 85% sucessful.
AUD/USD
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pt49 replied May 30, 2012Looks more like my old sac hanging between my legs. The AUD is dropping in the near term, stop trying to buck the obvious trend... it can only end in disaster. __________________
AUD/USD
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pt49 replied May 30, 2012I hope to see 78.30 when I wake up in the morning. Then again, I might see 80.30, but I hope not.
USD/JPY Discussion
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pt49 replied May 30, 2012Certainly not, I just couldn't understand why you'd all be long when a short was so obvious.
USD/JPY Discussion