im out from knives and iam little bleeding
longed euraud for few weeks
aussie is damn weak. carry trades unwind on the cards.
one year cycle ?
longed euraud for few weeks
aussie is damn weak. carry trades unwind on the cards.
one year cycle ?
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DislikedThink this thing is going to go up now that WED is over?
Doing the math on the AUD/JPY interest on WED is 20.25% correct? So with $1M you would make $202,500? Why doesn't everyone do this?Ignored
DislikedI made $12 interest on a $300 GBP/USD today. So on $1M I would have made $40,000. Interest for the AUD/JPY is much, much higher.Ignored
Disliked12$ interest on 1 standard lot of 100,000$, one pip is 10$. I don't know how you are getting $300 . Anyway. However you are calculating it, if you are making $200,000 off interest on AJ, just 1 pip is worth $200,000. So if it drops 100 pips you are out 20 Million.Ignored
DislikedI'm talking about interest only!
I had a 0.3 lot open which is $300. Without discussing the movements I gained $12 on interest only.Ignored
Disliked0.3 lot cost me $300, that's where the numbers come from. 0.3 lot worth $300 gained $12 in triple interest WED today.Ignored
Dislikedso guys , back to the Aud/Usd
i have a couple of questions for experienced traders :
how much lower can it get before continuing it's upward trend?
i'm holding some longs, should i be worried?
what do you think the effect of the retail sales will be on that pair?
thanks a lot guys for your help
All opinions are much much appreciatedIgnored
Dislikedthe interest is paid on the currency that you are holding not what it cost you. by purchasing .3 lot you held 30,000 the interest is calculated on that 30,000. it cost you 300 because you are running 100:1 leverage. your 300 dollars bought 30,000 dollars.Ignored
DislikedThanks for the explanation. Doesn't the interest depend on the the amount you have in the buy? I think I'm running 200:1 leverage. Are you sure that its 100:1?Ignored
Dislikedthe interest paid is influenced by two things, the interest rate differential between the two countries AND by your leverage. The higher the leverage the lower the interest spread.
the fact that you do not know what leverage you are running is scary to say the least. Based on the 300 dollar price tag you gave for .3 lots your leverage is 100:1. A very common leverage amount. I think the price you paid was closer to 283.
Here is how the interest is paid:
U.S. interest rate is 2.0
Aud interest rate is 7.0 (not 100% sure it is either 7 or 7.25).
When you bought the audusd you in fact sold U.S. dollars and purchased australian dollars. The difference between the two countries is 5.0 percent. This does not mean that you will receive 5% interest on the amount held when the interest is paid.
0.05/ 365 days in the year = 0.000136.......
0.000136 X 30,000 = 4.11
4.11 X triple interest = 12.33
Not being smart but you REALLY should know this prior to tossing your money around in forex.Ignored
DislikedI would be careful w/any open trades. I've seen A/U react pretty strongly to surprises in economical reports with a quick huge gap/spike either way. It's tough to plan stops becuase if you have a tight stop, the spike/gap could go past your stop and leave you at a larger loss than you had anticipated, there can also be a pretty quick retrace before the resumption in movement to the original spike so you may have a good entry opportunity.
Of course if your trade is favored by any surprise, it could earn you some major pips. In today's market it could be sort of a gamble. Good luck to all.Ignored
DislikedI would be careful w/any open trades. I've seen A/U react pretty strongly to surprises in economical reports with a quick huge gap/spike either way. It's tough to plan stops becuase if you have a tight stop, the spike/gap could go past your stop and leave you at a larger loss than you had anticipated, there can also be a pretty quick retrace before the resumption in movement to the original spike so you may have a good entry opportunity.
Of course if your trade is favored by any surprise, it could earn you some major pips. In today's market it could be sort of a gamble. Good luck to all.Ignored
DislikedSee the 15 min chart, gap/spike down, then back up; should be down from here. Let's see.Ignored