currencies, page-36

Hi Stiven
Here is a weekly chart fyi.
The thing you have to be very conscious of when reading posts is the time frame that the poster has in mind. That goes for all threads not just forex. Generally though on forex most will say whether they are thinking short term or longer. It can generally be understood by the time frame of the chart they post also.
Try not to take much notice of posts that are unquantitive ie if someone says 'I am long the AUD/USD' it means nothing unless they state the sort of time frames they are trading.
As a rule of thumb most are short term 'traders' so in and out.
A good rule unless you are experienced at picking the turns (which we all love trying and is probably the biggest cause of loss in our trading)is to trade with the long term trend and have a stop loss and I suggest target price.
The long term trend can be weekly then daily. If both trending up then look for long positions. If both trending down then look for shorts. Trading within the trend is simply puting the odds more in your favour but is still no guarantee of success. Some will say let the profits run...that is fine if you have a trailing stop. A win will turn into a loss eventually if you don't sell. Sounds obvious yet so many of us have watched like deers staring into a headlight as a winning trade turns south and what was once a 'trade' is now a 'hope'.
Guess it sounds familiar?
You are not alone and unfortunately the best lessons are felt in the hip pocket.