Looking to short AUDUSD a bit higher next week. The price has shown rejection near main resistance area within the context of the overall down trend. Simple, but high probability trade in my view.
Best Technician
Trade geschlossen: Stop wurde erreicht
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Kommentar
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Profit(in pips)= -47
Kommentar
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Return on capital = -2%. Note: Risk per trade is 2%
you guys just never learn that counter trend entries based on S/R and/or pinbars just fail more often than they work out, huh? keep on loosing on these ideas guys...
FOREXINVESTMENT
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@Koryphaeen, respect the idea. its upto u to do ur own analysis based on it. respect.
FOREXINVESTMENT
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@Technician . keep it man. it helps u lot .u are doing great.
Koryphaeen
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@saif1569, i agree, i respect it. was just an idea, that if you take the same trade idea for the n-th time and is not working out properly, you start to have some doubts in your strategy, maybe you re-back-test it or somethin'... if not, then you do not have the necessary critical thinking degree for trading... if you just sell signals, then i said nothing, because there will always be shmucks to buy them whatever bs you post
Koryphaeen
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@saif1569, i am also expecting this move down to finish the bigger picture down move... don't understand me wrong... i am just skeptical of the entry strategy, it might happen that you are stopped out and then the fall begins... would be a pity... better wait for a confirmation, which a pinbar or a S/R or a counter trend entry cannot deliver you. cheers!
LeGrice
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@Koryphaeen, if you re such a amiable smartass, why not telling us, what would be THE confirmation in your opinion... (maybe even the specific one for this situation)
...would help a lot more, than accusing others of the lack of critical thinking
Koryphaeen
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@LeGrice, LOL ... but here, I tell you, a confirmation would be the break of the corrective structure and a LTF consolidation, which you don't have as yet, meaning that you are not in the trade as yet, meaning that you would have spared yourself some money, because obviously it is not working out, again... and again... LOL ... now that would be the confirmation, mate... a way lot better than a pinbar or any other bs based entry, right?
LeGrice
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@Koryphaeen, i trade price action on ltf on major levels only - so i didn t take the trade. but i ve seen good trades from the publisher of this one, so i do respect his approach - only his tradeaccount tells the final truth
so thank you for your enlightenment and have a good and profitable trading week
Koryphaeen
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@LeGrice, yes, thank you! you too! and, yes, i agree, you can see good trades from any publisher... that is because even the blind hen will find a worm from time to time...the key to success is the W/L ratio in combination with the R/R ratio, it's basic mathematics not brain surgery...