EUR/AUD Buy/Sell Price movement

[wanorbit]

hi, can somebody help me with EUR/AUD ..do you know the price direction its going based on chart and indicators? buy or sell for next week?

 

[PhoneticNachos]

Don't trade what you think, trade what it does. I only trade EA most weeks.

 

[wanorbit]

Don't trade what you think, trade what it does. I only trade EA most weeks.

what is trade what you think? i am asking price action movement for the pair coming trade session, advance traders plot charts ready for the week and maybe one of em got eur/aud plotted already, so if you do not know, just say you dont know please

 

[PhoneticNachos]

what is trade what you think? i am asking price action movement for the pair coming trade session, advance traders plot charts ready for the week and maybe one of em got eur/aud plotted already, so if you do not know, just say you dont know please

OK, you must be new to trading.

Let me break it down for you.

If you try to predict a given market you introduce a bias in the market. Because you are wanting it to go a certain way, you will perceive the charts as showing things that help you see it. I actually just made a thread about it here: https://www.forexfactory.com/thread/1076741-directional-bias-in-trade-planning?

What I was just saying in a succinct manner, was to not do this in a time when the market is not moving, like now, when it is closed.
Because you should only be trading and reacting to what the market is doing when it is open and active.


I have been trading forex for about 7 years now, and I am consistently over 90% win rate a lot of the time each week I trade.

The reason why 95% of traders fail is they try to do all these silly tea leaves analysis.


I am a pure naked chart (for the most part) contrarian intraday price action swing trader.

 

[wanorbit]

OK, you must be new to trading.

Let me break it down for you.

If you try to predict a given market you introduce a bias in the market. Because you are wanting it to go a certain way, you will perceive the charts as showing things that help you see it. I actually just made a thread about it here: https://www.forexfactory.com/thread/1076741-directional-bias-in-trade-planning?

What I was just saying in a succinct manner, was to not do this in a time when the market is not moving, like now, when it is closed.
Because you should only be trading and reacting to what the market is doing when it is open and active.


I have been trading forex for about 7 years now, and I am consistently over 90% win rate a lot of the time each week I trade.

The reason why 95% of traders fail is they try to do all these silly tea leaves analysis.


I am a pure naked chart (for the most part) contrarian intraday price action swing trader.

i have been trading for over 10 years ..if you dont know about charting then sorry you not a trader hence as you mention you use only EA to trade, you dont know how to plot charts then this discussion is not for you, thanks

OK, you must be new to trading.

Let me break it down for you.

If you try to predict a given market you introduce a bias in the market. Because you are wanting it to go a certain way, you will perceive the charts as showing things that help you see it. I actually just made a thread about it here: https://www.forexfactory.com/thread/1076741-directional-bias-in-trade-planning?

What I was just saying in a succinct manner, was to not do this in a time when the market is not moving, like now, when it is closed.
Because you should only be trading and reacting to what the market is doing when it is open and active.


I have been trading forex for about 7 years now, and I am consistently over 90% win rate a lot of the time each week I trade.

The reason why 95% of traders fail is they try to do all these silly tea leaves analysis.


I am a pure naked chart (for the most part) contrarian intraday price action swing trader.

i can give you over 20 trades prove of 100% consistency of 5-10 pips per trade week in week out, but sorry i only go for 50pips and above trading..i dont have time for green colours on meta trader platform showing 2-5pips winning trades

 

[wanorbit]

i have been trading for over 10 years ..if you dont know about charting then sorry you not a trader hence as you mention you use only EA to trade, you dont know how to plot charts then this discussion is not for you, thanks

see what i mean, i see you still a newbie ..i got the response i require from an advanced trader who plotted price action on EUR/AUD this weekend, i wanted a second opinion, in advance trader quote below:

"OmegaMan - most likely going up to start the week at least till it tags those resistance levels above current price"

we advanced traders know what symbols and pairs to trade..you talking about consistency, we are talking about strategies and TA..

you cant understand, i suggest reading on price action and charting..cheers!

 

[PhoneticNachos]

see what i mean, i see you still a newbie ..i got the response i require from an advanced trader who plotted price action on EUR/AUD this weekend, i wanted a second opinion, in advance trader quote below:

"OmegaMan - most likely going up to start the week at least till it tags those resistance levels above current price"

we advanced traders know what symbols and pairs to trade..you talking about consistency, we are talking about strategies and TA..

you cant understand, i suggest reading on price action and charting..cheers!

If you need to draw useless lines on charts your really don't understand price action trading.

I am sure you will learn how to trade like us big boy pro traders someday kid.

 

[wanorbit]

If you need to draw useless lines on charts your really don't understand price action trading.

I am sure you will learn how to trade like us big boy pro traders

those lines are called periods, averages, trendlines etc they are used to measure price movement, those lines on the EUR/AUD has shown us price is moving upwards but we advanced traders should be ready for the sell swing..its over 10 years of trading to appreciate lines..you call it rubbish..we advance traders call it measurements, cheers

If you need to draw useless lines on charts your really don't understand price action trading.

I am sure you will learn how to trade like us big boy pro traders someday kid.

a suggestion, if you are very consistent, why dont you share your daily trading signals to forum members, i am sure they will appreciate your contribution, cheers!!

 

[danielbro]

It helps if you do check on trading tips or ideas to get to know which direction is that currency pairs going