Trade with me

[MaoZeDuo]

Criteria met for cut loss,

-51 pips.

 

[Perisher]

Criteria met for cut loss,

-51 pips.

Are you callmepips?

Cut loss? He is selling no? Shouldn't it be a gain?
Can enlighten me, thank.

 

[chuanz]

Are you callmepips?

Cut loss? He is selling no? Shouldn't it be a gain?
Can enlighten me, thank.

Lol... U caught a crone
I think it's a short position.

 

[MaoZeDuo]

Are you callmepips?

Cut loss? He is selling no? Shouldn't it be a gain?
Can enlighten me, thank.

No, but will be posting his trades from now on.

Yes its a cut loss. Price went up despite a sell/short trade.

 

[MaoZeDuo]

 

[MaoZeDuo]

 

[blurinvestor]

Am I missing something?

 

[MaoZeDuo]

Sent from Spaceship using GAGT

 

[blurinvestor]

Has it met your criteria?

 

[blurinvestor]

GBPUSD

This is how I would trade it.

Don't follow blindly, do your own research, else you will see stars.

 

[blurinvestor]

Yesterday Strong Buy, initiated the buy.

Now get stuck.

the last 5 candles indicates more retrace. can you spot the first retrace on the left ( it comprised 6 candles).

So as you trade this pair you got to make your decision.
As for me my Stop Loss is at 1.55120.

Why I don't close? It is because H4 still show sign of upward move.
Let the market decide for me.

 

[blurinvestor]

H4 is up movement, with a higher target at 1.57X still at play.
However, M15 retrace move is very strong, if break R3 (resitance turn support line) it might go down to 1.548X.

When I place an order I'm ready to part with it with no emotion attachment. It is how much I'm willing to give to the market, otherwise I'll let market decide

 

[blurinvestor]

Indeed, it retraced to R3 - Support Line. It never pierces through but rebound from it.

just as I post, it hit target

 

[blurinvestor]

This example in based on Price Action. There is no secret formula in forex. But there are many way to profit in forex, some are better but more complicated if you are new - looking into options and contracts.

Price Action does not works 100% because we did not consider fundamental (news).

The only thing you have 100% control is how much you willing to lose. This is the 100% sure thing you have control over.

When target hit should I close? Yes, when there is news on the way or there is another retrace pattern formed. No, when I think higher time frame still has higher target. I will shift the Stop Loss.

 

[blurinvestor]

We will see how price react to news at 10pm (14.00 GMT).

I believe it will be slightly hawkish, if so, GPBUSD will go down.

 

[blurinvestor]

Slightly dovish, hence the spike in Price Action.

US consumer confidence data report for July 2015 - Prior 101.40. Revised to 99.8

Still in the money H4 target is there.

That's all folk.

 

[blurinvestor]

AUDUSD - strong downtrend hence looking for SHORT only.

Price Action as in H4. It might go down from here.

Or break the trendline and move up . . .

If move is strong, it might break R3 to go further up . . .

Hence, patience is the key.

50 - 100pips retrace upward is also very tempting

provided you know what you are doing

I know how much I'm willing to lose and let market forces dictate the course.

Chart 1 is what the present price action as in 8.30 this morning.

Chart 2 and chart 3 is forward looking if could happen in the next 4hrs, 8hrs, etc. Or it might not.

 

[blurinvestor]

Strong Sell

Price did not break the trend line, hence a sell initiated.

This trade will be a long trade and will continue to add Short to build a strong position.

Aussie might cut interest rate, US will raise interest rate.
China economy questionable. The Big Bosses halt the stock as they are heavily invested and is doing back door clearing now. If you are being offered some discounted china stocks, stay far away
AUD is generally (seasonal) weaker in the month of August.

So that's it for AUDUSD.