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Author Topic: TA Forex Trading  (Read 11775 times)

Pennies2007

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Re: TA Forex Trading
« Reply #3435 on: July 25, 2017, 08:25:00 pm »
LOL! That's a good way to put it Jav.

AU news about to hit in a few minutes. I'm mainly watching the HA candles on the 30 minute chart. There's a large trendline going cross the bottom. If it manages to break down below all of that, it will make a nice short trade.


Pennies2007

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Re: TA Forex Trading
« Reply #3436 on: July 25, 2017, 11:21:37 pm »
HA trendline breakdown on AU confirmed. Taking a small short at .7905. Lets see how deep the rabbit hole goes.

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Pennies2007

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Re: TA Forex Trading
« Reply #3437 on: July 26, 2017, 01:09:36 am »
Took 21 pips profit on the AU short right here at the previous lows. Its liable to keep dropping but nothing wrong with a quick hit and run with the Fed news on tap today.

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javalin

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Re: TA Forex Trading
« Reply #3438 on: July 26, 2017, 01:20:17 am »
re: audusd analyst on Bloomberg this evening says it's going down

Pennies2007

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Re: TA Forex Trading
« Reply #3439 on: July 26, 2017, 08:05:34 am »
GU Hourly Chart

Regardless of the Fed announcement, I'm taking a small short on GU here at 1.3046. The HA candle channel broke down and price is retesting the bottom of the channel.

TP set for 1.2965 just above the lower zone.


javalin

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Re: TA Forex Trading
« Reply #3440 on: July 26, 2017, 01:07:50 pm »
well i guess AUDUSD just won't die--hopefully it's a DEAD CAT BOUNCE >:(

Pennies2007

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Re: TA Forex Trading
« Reply #3441 on: July 26, 2017, 01:09:29 pm »
NU short at 0.74727. Getting very close to that big weekly zone around 0.75.

Pennies2007

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Re: TA Forex Trading
« Reply #3442 on: July 26, 2017, 01:44:20 pm »
S&P Abandoned Baby Bearish Candle Formation

Confirmation comes with a small bearish candle afterwards followed by a larger, higher volume bearish candle.


Pennies2007

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Re: TA Forex Trading
« Reply #3443 on: July 26, 2017, 02:11:06 pm »
If this isn't a capitulation move today, I don't know what else would qualify. Short the crap out of everything...LOL!

Heavyweight

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Re: TA Forex Trading
« Reply #3444 on: July 26, 2017, 02:11:13 pm »
Ok at some point one has to realize when your on the wrong side of a trade. I cut my UCAD long loose. That thing is like Friday the 13th along with AU. We can martingal it 300-500 pips all we want to but eventually we must realize that our entries were way off.

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Pennies2007

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Re: TA Forex Trading
« Reply #3445 on: July 26, 2017, 02:15:59 pm »
Could be Heavy. But I keep hedge trades running so the account doesn't suffer. Either way, I win. ;-)

Heavyweight

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Re: TA Forex Trading
« Reply #3446 on: July 26, 2017, 02:19:19 pm »
Could be Heavy. But I keep hedge trades running so the account doesn't suffer. Either way, I win. ;-)
Cheating huh? Lol

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Pennies2007

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Re: TA Forex Trading
« Reply #3447 on: July 26, 2017, 02:20:36 pm »
Lol! I have 5 different trading accounts Heavy. I never put all my eggs in one basket. I shuffle money around all the time and smile every night when I sleep...lol!

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Heavyweight

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Re: TA Forex Trading
« Reply #3448 on: July 26, 2017, 02:26:02 pm »
Lol! I have 5 different trading accounts Heavy. I never put all my eggs in one basket. I shuffle money around all the time and smile every night when I sleep...lol!

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Lol. That's what I've been doing wrong. Haha

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Pennies2007

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Re: TA Forex Trading
« Reply #3449 on: July 26, 2017, 02:28:57 pm »
Yep, that's the way to do it Heavy. I was born at night...but not last night...LOL!

After a I blew up a few accounts in the old days, I started keeping secondary accounts where I could trade the other direction. Each week or so, I'll take profits out of the winning accounts and shuffle them over so I can take additional positions on the drawdown accounts and keep things flowing nicely so the percentage of drawdown doesn't waver much. Wash, rinse, and repeat. Works like a charm.

 

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TA Forex Trading by Heavyweight
September 30, 2018, 11:48:51 pm