FX:AUDUSD   Australian Dollar / U.S. Dollar
146 21 3
Never catch a falling knife - unless it reached the bottom. It looks like if we see the latter case here now.
we need a higher low to confirm
+1 Reply
I still maintain a bearish bias, but I agree this correction may continue almost up to 0.825.
jangseohee ForceFollower
which is decent enough profit :-)
motleifaul ForceFollower
I agree with you. I don't exclude the continuation of the downward trend as well. That's why I keep this position tiny and of course not without a stop. But I want to be in the number if the trend begins to change. Thus I risk a bit loss which won't hurt me.
motleifaul ForceFollower
You were right this time. I've been stopped out.
+1 Reply
jangseohee motleifaul
One big advantage of jumping the gun is you get big profit if you are right and minimize your losses
since i do not day trade, once price at at the edge of channel, i will average my long/short and hold them until i am wrong
motleifaul jangseohee
It is a good strategy as well, I think. Thus you combine a trend following srtrategy with a contrarian one.
jangseohee motleifaul
sort of my contrarian only comes into play after prolong uptrend or downtrend
or my emotional indicator sets in
jangseohee motleifaul
ForceFollower motleifaul
Thanks. :-) Anyway, right or wrong, it's all about following a strategy that proves to be profitable at the end of each month...
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out