A crazy trading system

[Trasimaco]

Well its pretty straight forward I just watch the charts and have a feel for how the market is doing, what support its going to take etc.

I have been watching the AUD / USD behaviour for years and it tends to have patterns that emerge, it is really difficult to explain my system, I guess the best way to put it is price action.

It does seem promising but is high risk, I wouldn’t recommend anyone trade like I am trading with money they can’t afford to lose.

I am starting to get drained though and am going to step away from the market for 24 hours equity is now $5657.14 after scalping some of the RBA decision. Time to see some friends and have a while away from the market before I get overcome with greed and or fear and loose everything.

How would you see a short now? Is it too early?

[avante123]

[QUOTE=“Trasimaco;526099”]

How would you see a short now? Is it too early?[/QUOTE]

Well I don’t give trading advice, generally though if the market is going up buy, if down sell.

Probably wont see too much action until the yanks come to play.

I think if 90.20 holds then will see 90.70…but don’t take my word for it.

[ILovePizzaMore]

[QUOTE=“avante123;526102”]

Well I don’t give trading advice, generally though if the market is going up buy, if down sell.
[/QUOTE]

So insightful…

[avante123]

So insightful…

Thank you, anytime.

[pippuppet]

I think if 90.20 holds then will see 90.70…but don’t take my word for it.

Are you talking AUD/USD… did see 9070…nice

[avante123]

Are you talking AUD/USD… did see 9070…nice

Was a guess but thanks, I closed my long thinking it wont hit it due to it stalling at 90.45 at U.S. open but did get a short down to 90.25ish.

I shouldn’t even be trading but I don’t think I can stop.

[Trasimaco]

And now? Do we go back down or do we shoot for the stars?

[avante123]

And now? Do we go back down or do we shoot for the stars?

I don’t have the faintest idea so am not trading, will check tomorrow and make a guestimate.

[Trasimaco]

Ok dude! No worries!

I am not asking for advise! Just a second opinion!

[gp00053]

I don’t have the faintest idea so am not trading, will check tomorrow and make a guestimate.

Great thread. I found some days my guesstimates work and I feel like a genius and on the days they don’t I feel like an idiot

Sometimes it’s better to take a day off and refocus than trade when you don’t have your A game. There will be trades today, tomorrow and next week so there’s no rush.
Best wishes and continued success
Gp

[avante123]

ok im out!

got greedy, over leveraged and traded against the market!..went down to 1k. took that 1k out now and am taking a month off, still didnt turn out too bad, deposted 1k took out 2k in total so doubled my money.

I’m not giving up, I know I can do this goin gfrom 1,000 to 6,000 in 3 weeks says something.

One thing I need to meditate on is the need for patience, there is great money to be made, but it doesn’t have to be made all in one week.

[Forexmike]

ok im out!

got greedy, over leveraged and traded against the market!..went down to 1k. took that 1k out now and am taking a month off, still didnt turn out too bad, deposted 1k took out 2k in total so doubled my money.

I’m not giving up, I know I can do this goin gfrom 1,000 to 6,000 in 3 weeks says something.

One thing I need to meditate on is the need for patience, there is great money to be made, but it doesn’t have to be made all in one week.

You’re right…patience helps a lot
I also experienced how the dark side of overtrading feels…

Are you coming back to this thread after your month off?

[Alybongo]

Well done! Those profits are huge! Can I ask what broker do you use? Fxcm?

[egidio88]

i’ve developed a cool technique with the market profil indy, with my friends, i can’t wait to show it to u guys…