AUDUSD. Looking for entries.

FX:AUDUSD   Australian Dollar/U.S. Dollar
351 7 7
Due to the fact I am short the monthly and AUS200             is getting destroyed..I feel short is the only answer.

Comment: Measuring the previous news spikes.

This is the break we want. Now I find the trend and short this down down down, I add and add and add some more build build build!!!
Comment: --
AUD decided to add more bait into the bull trap.

I am fully loaded, ready to destroy bulls Monday morning
Agreed, and look at copper melt...
+1 Reply
Did that retracement back up trigger any profit taking for you? What was your TP strategy there? Put stops just above those two peaks after bringing them down from .7152?
Chuck.Aus Fr33zerPop
Yes, it knocked me out of some of my bigger trades for a profit. The point it rebounded is a clear area for me to re enter shorts. Its a clear "Stop Target".

There is 2 reasons for me to have a Stop Loss. First would be when i take a 2-3 pip Stop trade, which is a bigger position size. The second is only when my trades are in profit, I will bring them in to +1 to start with. No exceptions. Then decide later what to do with them.

To me, Stops are bad. The chart will always give you a chance to exit Bad trades if the entry was good itself. So example would be you long a support that lasted 5 bounces. When it break there is a huge build up of money so it reverses back to that zone, everyone jumps ship and it nose dives.

This move up ward cleared more "bad longs" then I actually shorted. I scalp all day hedging against weeks of Building. Then if it turns out bad I close it when it comes back, or simply bet more against it aiming for bigger targets but still closing my hourly wage out every hour in pips!!!
audusd looking real good. I just posted a real time eurusd trade I took on both thursday and friday and posted them on youtube
Chuck.Aus tradingmaster
Looks good, be sure to withdraw your profits from that account each night. One wrong move and that small account will blow up.
+1 Reply
Comment removed
IvanLabrie PRO tradingmaster
The shill link is entertaining...Chuck here is legit. I don't know about you sir.
Please post charts here, not videos.
Chuck.Aus IvanLabrie
wow this guy, nearly 100% winning rate, if you watch his video he even has $0.00 commissions?! This guy must be a god. or a demo?
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