BIG CALL - get rich trade

[Simples]

My short term sell signal did not work well. I exited my scalp on sell signal (see pic) but not initiated short position because of massive buy signal I have running, which was the right thing to do.
Market failed sell signal and has proven underlying strength.
It appears XOP etf follows audjpy closest. Therefore it is expected oil shares & oil past low point. Looking at the upper target of 83, now 29.77. One cant but notice large doji forming in quarterly chart XOP where bottom coincides with GFC low.
list of markets to look for long: gold, oil, energy , miners, BRIC.
Will not worry about shorts at this point.
However, will look to flip sectors on buy side.
View attachment 162879

Ok, so you're effectively a trend follower with a ridiculous target?
Then again, trading is in and of itself, pretty ridiculous!

As long as you're managing the trade/risk according to your market perspective I don't see anything wrong with that. In fact sounds you have interesting ideas on what to look for at short-term for supporting long-term perspective.

But what happens if you miss the target by a tick?

 

[dartmus]

Ok, so you're effectively a trend follower with a ridiculous target?
Then again, trading is in and of itself, pretty ridiculous!

As long as you're managing the trade/risk according to your market perspective I don't see anything wrong with that. In fact sounds you have interesting ideas on what to look for at short-term for supporting long-term perspective.

But what happens if you miss the target by a tick?

10 years later it hits another low.
10 years after that low it hits another high and misses his target by a tick.

 

[toolazy]

This are not targets, only guidelines where I would switch sectors.

It is not trend following strategy but raw enter low exit high method

Sure, trade can fail after couple of years but my time proven exit method will get me out likely before that on top of reaction in bear market.

And after such large drops, market cant just continue further down without some decent retracement unless all resources sector is doomed in this economic environment of increasing birth rate.

 

[toolazy]

Next up-leg started. Good for 500 to 1000 pips. Expect also corresponding move in markets, especially mining related.

Banks in AU are under pressure, bad loans, undigested GFC, etc, yet AUD strong.

 

[radex78]

Next up-leg started. Good for 500 to 1000 pips. Expect also corresponding move in markets, especially mining related.

Banks in AU are under pressure, bad loans, undigested GFC, etc, yet AUD strong.

Thankyou for sharing I hope this information will useful because too long time not trade on audusd, might being interested again to choose pair audusd, with expectation will bullish long term

 

[toolazy]

Thankyou for sharing I hope this information will useful because too long time not trade on audusd, might being interested again to choose pair audusd, with expectation will bullish long term

short term call gone wrong and booked small loss.

Big call is on unabated. Sometimes is several moths playing just above support = 80.00 in this case before exponential move. Gold and iron ore and oil up couple days yet adjy sagging. Note GDX - gold miners new several months high.

Banks & property will be allowed to deleverage from ridiculous levels, compared to incomes in 2 big cities shortly, as mining reviving. Impact of all this on AUD not straightforward short term.

But imagine if aud down, slack in appreciation will be taken by miners.

 

[radex78]

What then corelation gold and aud, whether tis matter because australia is gold minner biggest in the world? yes I see gold price on high and currently gold movement on weekly timeframe seems will uptrend

 

[Buy1Sell2]

- I am heavy into this trade

Why would anyone be heavy into any trade that is held for a long period. You may be surprised how this will play out with relation to your TLNW

 

[Buy1Sell2]

View attachment 162574 signal is not based on chart pattern. However, this is last one . Hope to be able to attach - after couple attempts.

Chinse market , buying at 2000

Please post actual entries and exits in real time.

 

[toolazy]

Please post actual entries and exits in real time.

Chinese trade, I was entering over several months around 2000. Not here to prove myself. It is because of AUDJPY trade.

Hope to help me stick with plan, not to be shaken out etc.

Chinese trade exited way too early, due to moment of lazyness.

This one dont plan to repeat above.