Well done

AUD/USD

You go long on an up day and short on a down day. That is all. You look at where you are relative to the market open and you take trades in its direction. If you trade daily then you use the current market in relation to LAST WEEKs closing price. RT

The DIBS Method... No Free Lunch continues

Painful pair at the moment. Well I think that is 4 positions this week, 1 long and 3 short and the only positive was the long for about 50ish pips, the 3 shorts all BE which I consider a win really, the opportunity was there to take some profit but ...

AUD/USD

There is NFP and unemploy next week so as usual the start of the week might be a tedious grind before the catalyst of change occurs on Friday accompanied with the fireworks and higher spread costs. I am still holding my shorts which are taking there ...

AUD/USD

It wouldnt matter if alot of people bought the EAs and turned them on at once, the fact that someone bout something that claims stupid returns would mean they want to take there $1000 account and turn it to a million therefore it would imply that ...

relation between profitability and extent of usage

Take a good long holiday, like long service leave. It is designed to get you out of the work environment after long stints to really clear your head, relax and move away from the environment. Trading daily, staring at lines/bars/candles can be very ...

How can you improve your trading techniques?

Still holding my short AUD, failed to close below the 99 level again but still think the chances of sub 99 are higher than returns above parity. Added small positon on the IB for an average position of 99.55. Will probably look to close the smaller ...

AUD/USD

Great post as usual. Too add #8 LOVE your small losses, embrace them as you are doing what your are meant to be doing and minimising the losses, your are taking account of the fact that this time around you were wrong. If you can take comfort in ...

How many real accounts have you blown before consistently making money in FX?

Highly unlikely in such a liquid environment and considering that 2 different people will trade a system in there own manner (except for EA's that are programmed to execute the same way) there would be very little chance that you could gather a ...

relation between profitability and extent of usage

Perfectly logical approach. Most brokers I know have sub accounts which can hold funds for different approaches. Oanda you can create and transfer funds through the sub and prime accounts with ease. This way you can have open trades that are in for ...

Should I have two trading accounts?

Small short from 9970 SL just above parity. Penant on my feed with rejection of the parity level looks bearish at the moment hence the tighter SL. see how the rest of today pans out. Precious metals still bearish despite some solid gains over the ...

AUD/USD

In relation to Forex, the assumption that the price is cheaper because you are in drawdown is irrelevant because unless you understand the entire implications and applications of a country's monetary and economical outlook without all the added ...

From 1k to 1 million

It can be used on anytime frame however the rules you make for what qualifies and how to trade it need to be set in place. Taking trades on the best side of direction and on the best pair for the day would still remain you would however have to ...

The DIBS Method... No Free Lunch continues

Bingo fellow Aussie. Hope you enjoy your Auss Day Take care all, time to pack the esky with some cold brews and hit the water.

AUD/USD

Market failed to close sub 99 but left trade open and went to bed and didnt see the end of the hourly candle that breached. In hindsight I should have waited to see it close as it was my basis for a run or pullback and I could have closed with 40+ ...

AUD/USD

Question is, are you short? If so would you average out your loosing position to fit the mid term theory. Would you still be adding shorts past 1.0000-1.0400? I share the respect for having longer term outlooks so dont take this post in the wrong ...

AUD/USD

Nice post Jade, agree with you. The last part highlight, absolutly without a doubt you could put your house on it. However when is the question. AUD will be back there at some point in the future which may be short, mid or long off. Am I short for ...

AUD/USD

another attempt — Looking for another attempt to break below the 9900 level and close. good bearish strength in this hour. Lets see if we closed some shorts a little early lol

AUD/USD

closed smaller short for 25 pips, larger posi still in with BE attached and lightened by 25%

AUD/USD

Im short 9960 and 9940. 9960 has been moved to BE. Reversal will cost me a mere .8%. Would like to see the close below Thursday low and to break the lower shackles. Seem to be struggling to find the push out of parity but needs to cut this range. ...

AUD/USD