Comments on: AUD/USD: I’m still happy to sell rallies https://fxww.com/audusd-im-still-happy-to-sell-rallies/ The Professional Source Thu, 09 May 2013 19:45:48 +0000 hourly 1 By: Papillon https://fxww.com/audusd-im-still-happy-to-sell-rallies/#comment-20721 Thu, 09 May 2013 19:45:48 +0000 http://fxww.dreamhosters.com/?p=7605#comment-20721 In reply to Papillon.

> I like when the market stick to my plan 😉

]]> By: Papillon https://fxww.com/audusd-im-still-happy-to-sell-rallies/#comment-20713 Thu, 09 May 2013 08:10:22 +0000 http://fxww.dreamhosters.com/?p=7605#comment-20713 Thanks Sean, I want to apply what I learn with you 😉

]]> By: Sean Lee https://fxww.com/audusd-im-still-happy-to-sell-rallies/#comment-20712 Thu, 09 May 2013 08:06:20 +0000 http://fxww.dreamhosters.com/?p=7605#comment-20712 Yes, why not Papillon, but keep tight stops on extra sales. We gotta take some risks occasionally 🙂

]]> By: Sean Lee https://fxww.com/audusd-im-still-happy-to-sell-rallies/#comment-20711 Thu, 09 May 2013 08:01:55 +0000 http://fxww.dreamhosters.com/?p=7605#comment-20711 No, that’s still too tight, maybe once 80 pips in money, but again depends on your timeframe; its different for daytraders

]]> By: Papillon https://fxww.com/audusd-im-still-happy-to-sell-rallies/#comment-20710 Thu, 09 May 2013 07:56:38 +0000 http://fxww.dreamhosters.com/?p=7605#comment-20710 In reply to Sean Lee.

> Sean,

The level at 1.0250 has held during the European open market. Is it good idea if I add two more units if that level holds after US open market with tight stop just above 1.0250 ?

]]> By: muneer https://fxww.com/audusd-im-still-happy-to-sell-rallies/#comment-20707 Thu, 09 May 2013 06:43:27 +0000 http://fxww.dreamhosters.com/?p=7605#comment-20707 Alright. Noted! Will try it out! When do you set your trade to breakeven? 20 pip in the money?

]]> By: Sean Lee https://fxww.com/audusd-im-still-happy-to-sell-rallies/#comment-20706 Thu, 09 May 2013 06:34:06 +0000 http://fxww.dreamhosters.com/?p=7605#comment-20706 Bit tight then I’d say, maybe start with 65/75 pip stop then tighten if your levels are looking better??

]]> By: muneer https://fxww.com/audusd-im-still-happy-to-sell-rallies/#comment-20705 Thu, 09 May 2013 06:33:30 +0000 http://fxww.dreamhosters.com/?p=7605#comment-20705 I see. Thanks a lot!!

]]> By: Sean Lee https://fxww.com/audusd-im-still-happy-to-sell-rallies/#comment-20703 Thu, 09 May 2013 06:31:57 +0000 http://fxww.dreamhosters.com/?p=7605#comment-20703 day trading I meant

]]> By: muneer https://fxww.com/audusd-im-still-happy-to-sell-rallies/#comment-20702 Thu, 09 May 2013 06:19:02 +0000 http://fxww.dreamhosters.com/?p=7605#comment-20702 Well, my timeframe is 4hr and daily chart. Would 35pip sl still be ideal?

]]> By: Sean Lee https://fxww.com/audusd-im-still-happy-to-sell-rallies/#comment-20700 Thu, 09 May 2013 06:13:27 +0000 http://fxww.dreamhosters.com/?p=7605#comment-20700 Hi Muneer, all depends on your timeframe. The really important question is the amount of leverage you use and that will then determine how much capital you risk per trade/trading period. When I was say trading, I used to feel that 35 pips was the ideal s/l and maybe with swing trades, 100 pips and you are definitely wrong

]]> By: Sean Lee https://fxww.com/audusd-im-still-happy-to-sell-rallies/#comment-20699 Thu, 09 May 2013 06:10:15 +0000 http://fxww.dreamhosters.com/?p=7605#comment-20699 Sounds like a great plan Papillon, lets hope it starts moving then

]]> By: muneer https://fxww.com/audusd-im-still-happy-to-sell-rallies/#comment-20698 Thu, 09 May 2013 06:09:06 +0000 http://fxww.dreamhosters.com/?p=7605#comment-20698 Hi sean, where do you usually place your stops? Or are there any websites that you could share on how and where to place stops? Usually I place my stops about 20 – 30pip above moving average/ horizontal resistance. But it gets taken out too easily.

]]> By: Papillon https://fxww.com/audusd-im-still-happy-to-sell-rallies/#comment-20697 Thu, 09 May 2013 06:01:43 +0000 http://fxww.dreamhosters.com/?p=7605#comment-20697 Thanks Sean,

I hope, it will collapse before Monday morning. I take a break for 2 weeks on Canary islands but before that I want to trade 😉

]]> By: Sean Lee https://fxww.com/audusd-im-still-happy-to-sell-rallies/#comment-20696 Thu, 09 May 2013 05:42:31 +0000 http://fxww.dreamhosters.com/?p=7605#comment-20696 Morning Papillon, yes definitely worth a try, yur stop is far enough away so yu should be able to build something. Hedge funds still selling near 10250 thru big Asian bank so they aren’t finished yet

]]> By: Papillon https://fxww.com/audusd-im-still-happy-to-sell-rallies/#comment-20695 Thu, 09 May 2013 05:40:21 +0000 http://fxww.dreamhosters.com/?p=7605#comment-20695 Good evening Sean,

I didn’t leave an overnight order on AUD/USD at 1.0250. I just sold at 1.0237 with SL at 1.0305 one unit.

]]> By: Sean Lee https://fxww.com/audusd-im-still-happy-to-sell-rallies/#comment-20694 Thu, 09 May 2013 05:39:54 +0000 http://fxww.dreamhosters.com/?p=7605#comment-20694 Dont like the tight stops Matt, could go 50 pips either way so easily and I don’t have a strong feel for intraday levels. As you know, I’m super bullish medium term but it can so easily swing around. In other words, no I wouldn’t buy here with 50 pip s/l, too much danger of getting stopped

]]> By: matt https://fxww.com/audusd-im-still-happy-to-sell-rallies/#comment-20693 Thu, 09 May 2013 05:21:15 +0000 http://fxww.dreamhosters.com/?p=7605#comment-20693 hey sean. Would you buy eur/aud here around ~1.2850 stop at 1.2800?

]]> By: Sean Lee https://fxww.com/audusd-im-still-happy-to-sell-rallies/#comment-20692 Thu, 09 May 2013 05:18:49 +0000 http://fxww.dreamhosters.com/?p=7605#comment-20692 Don’t risk too much with a tight stop T, that’s way too dangerous. One trade won’t make you rich but could send you broke if badly managed! Why not cover what you sold at 10250 and keep core shorts, that will give you more scope??
I am still very bearish but my positions are totally under control and I can handle 100 pip gaps higher quite easily. It wud hurt but I can handle it.

]]> By: T https://fxww.com/audusd-im-still-happy-to-sell-rallies/#comment-20691 Thu, 09 May 2013 05:08:13 +0000 http://fxww.dreamhosters.com/?p=7605#comment-20691 I shorted with the interest rate move and piled on more at 1.0250, now I’m sweating my pants! 1.0280 is my ceiling without making significant damage to my account.
Did you increase your shot position Sean?

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