EUR/USD & GBP/USD & AUD/USD Forex Trading

[increasenow]

Quote from davidmaria1:

AUD/USD at .8400.
Not sure how high it will go today. I'll look for a retrace to near .8325 for entry. Or it may not hit lower at all.

you should know...you are the one with the recent +91 profit winner trading the AUD/USD.... you da AUD/USD trading man!

 

[sakhter]

Quote from increasenow:

so much for my last night 'call' that the EUR/USD and GBP/USD were looking 'weak'...hmmm...I guess what the 4 hour chart with RSI over 50 was telling me is that they both WERE BULLISH...

I REALL THINK I NEED TO START LOOKING TO KEY INTO TO TRENDS AND NOT TRY TO IDENTIFY REVERSALS...way too many 'head fakes'...it is seeming that it might be 'easier' to identify trends than reversal points...thoughts? insights?agree?

to be completely honest with you, i have never used indicators such as OB/OS, RSI, Volumes, DeMarker, Stochastics or anything that comes equipped standard with the platform, to make a informed trading decision.

If those indicators were indeed valuable, they would not come standard.

P.S. I told you that gap was very high probability

 

[increasenow]

Quote from sakhter:

to be completely honest with you, i have never used indicators such as OB/OS, RSI, Volumes, DeMarker, Stochastics or anything that comes equipped standard with the platform, to make a informed trading decision.

If those indicators were indeed valuable, they would not come standard.

P.S. I told you that gap was very high probability

do you simply use key numbers?..pivot, support, resistance?...key highs, lows???

 

[sakhter]

Quote from increasenow:

do you simply use key numbers?..pivot, support, resistance?...key highs, lows???

I do look at "key numbers" but how I arrive at these numbers is far more "complicated" than pivots, s/r, key highs/lows.

I use a "predictive" indicator that plots S/R ahead of time. Before the level of S/R actually holds valid... as most S1,S2,S3,R1,R2,R3 is based on past data.. which makes no sense to me.

If I see VERY tight gaps in these levels, I will over-leverage, $100/pip, $1,000/pip-- if the gaps are LARGE.. more than 5 pips, I will trade standards-to-minis.

The levels of support/resistance lets me know where I should try to enter the market. But at times, these same levels can also be your worst enemy. I use various cross' to give me an indication of if I should enter near that level (arrow up, arrow down, position of price in the channel, if a trend on the upside(downside) is about to start, etc.

Giving any further details would reveal "my edge." I am not a forex guru.. and don't plan to be one anytime soon/and or near future lol

 

[sakhter]

Oh yeah.. EURUSD resistance on the upside comes in at 1.4535.. support on the downside 1.4202.

Use extreme caution. 1.4331-1.4346 is the mid-point between two levels (which are VERY far away, pip wise..)

I would buy into the dips near 1.4346 with stop-loss at 1.4331 or chandelier, take profit 1.4535.

If closes below 1.4331 I would short with profit target of 1.4202.

Word on the street is that a lot of traders anticipate EuroUsd hitting 1.50 before coming back down. Total dollar breakdown imminent!

 

[cabletrader]

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[increasenow]

Quote from sakhter:

If I see VERY tight gaps in these levels, I will over-leverage, $100/pip, $1,000/pip-- if the gaps are LARGE.. more than 5 pips, I will trade standards-to-minis

so, that must mean you trade like 10-100 standard lots per forex trade?...I guess?...hmmm...if so, wow!!!

 

[increasenow]

Quote from cabletrader:

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hey CT...I am really enjoying the RTFX weblink you sent...thanks again!!!

 

[increasenow]

here we go for more USD/CHF free fall... 1.0580 breaking point on daily chart...anyone gonna short it...it is as of 12:01pm CST...get short the USD/CHF...agree?

 

[increasenow]

Quote from increasenow:

here we go for more USD/CHF free fall... 1.0580 breaking point on daily chart...anyone gonna short it...it is as of 12:01pm CST...get short the USD/CHF...agree?

we had a slight drop below this earlier...okay, it is 4:18pm CST...I still think this thing is gonna drop hard...you?