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Trading Aussie Jacko Style

  • #101
  • Jun 24, 2008 2:13am Jun 24, 2008 2:13am
Quoting zoopy
Euraud is a dangerous pair to trade. Actually... this may sound scary but euraud can be more dangerous than gbpjpy at times. When it comes to trending... probably one of the worst pairs too. For those that are interested though, it tends to move inversely to gbpjpy... atleast that's what I noticed.

Ok , thanks confirmed I may be in over my head with EA... Holding onto some shorts from 3 weeks ago.... Had a good trend for awhile. Lets see what happens. Sorry if I interrupted the thread... not many people seem into the EA maybe for a reason.


Myke.
  • #102
  • Jun 24, 2008 4:18am Jun 24, 2008 4:18am
09:06 FX OPTIONS: AUD/USD 3-Year 1.2500 AUD Call Buying London, June 24. We have been told that 3-year 1.2500 AUD call options have today traded at 12.25 pct. AUD/USD scaled a 24-year peak of 0.9655 last month (May 21). 1.1900 was the 1978 high. 1.4900 was the 1973/74 high. [email protected] /PS
Nothing worth having is easy.
  • #103
  • Jun 24, 2008 12:33pm Jun 24, 2008 12:33pm
So far I have pulled in 90 pips from first 3 trades, and now I have on the last (0.9500 trade) +40 locked in...sl is now at 0.9540 (high 0.9585 -45 ts),
so minimum overall would be +130 pips in 4 trades worst case scenario...Jacko feel free to tell me what you think of aussie trading your way!, Raz
Never say never.
  • #104
  • Jun 24, 2008 1:16pm Jun 24, 2008 1:16pm
Quoting razldazl
So far I have pulled in 90 pips from first 3 trades, and now I have on the last (0.9500 trade) +40 locked in...sl is now at 0.9540 (high 0.9585 -45 ts),
so minimum overall would be +130 pips in 4 trades worst case scenario...Jacko feel free to tell me what you think of aussie trading your way!, Raz
Nice trades Raz
  • #105
  • Jun 24, 2008 1:35pm Jun 24, 2008 1:35pm
Quoting zoopy
Nice trades Raz
this pair is working well on Jackos strat
Never say never.
  • #106
  • Jun 25, 2008 11:06am Jun 25, 2008 11:06am
0.9500 trade sl hit at 0.9540, so +40 on that trade...

total on the 4 trades 130 pips...

looking for new entry again..
Never say never.
  • #107
  • Jun 26, 2008 12:06pm Jun 26, 2008 12:06pm
Ok looking to enter again at 0.9550, sl 0.9505
Attached Image (click to enlarge)
Click to Enlarge Name: aussie.gif Size: 20 KB
Never say never.
  • #108
  • Jun 26, 2008 12:10pm Jun 26, 2008 12:10pm
nobody posts any charts in here for people to see what you are talking about?

Don't chase the market, Let the market come to you
  • #109
  • Jun 26, 2008 12:11pm Jun 26, 2008 12:11pm
Quoting razldazl
Ok looking to enter again at 0.9550, sl 0.9505
Nice entry Raz. I think I would opt for that too but not trading aussie lol. Good luck with your trade

  • #110
  • Jun 26, 2008 12:13pm Jun 26, 2008 12:13pm
Quoting Tmac
nobody posts any charts in here for people to see what you are talking about?

lol...
Never say never.
  • #111
  • Jun 26, 2008 12:14pm Jun 26, 2008 12:14pm
Quoting razldazl
lol...
ok it was NOT there when I made my post......I stopped smokin a looooong time ago and drinkin
Don't chase the market, Let the market come to you
  • #112
  • Edited 12:39pm Jun 26, 2008 12:19pm | Edited 12:39pm
Quoting Tmac
ok it was NOT there when I made my post......I stopped smokin a looooong time ago and drinkin
OK youre right, but you must have read my mind, I posted and said damn I better slap a chart in there or someone is going to complain and look who it was...so you dont drink or smoke hmmm?? Man Id be in the loony bin without some kind of vice.., nice to see you Tom, Raz...ps I did have a question for you a while back that you never answered must have been on this thread will look for it now that I see how alert you must be (all the healthy living)
et voila http://www.forexfactory.com/showpost...8&postcount=32
Never say never.
  • #113
  • Jun 27, 2008 12:15am Jun 27, 2008 12:15am
Ok so this trade took right off, great stuff, I have now got my stop at breakeven, so that was quick
entered at 0.9550 sl at 0.9505, and now its been to 0.9595 so my stop is now at 0.9550...so free trade wherever it goes now...
Never say never.
  • #114
  • Jun 27, 2008 1:23am Jun 27, 2008 1:23am
Quoting razldazl
Ok so this trade took right off, great stuff, I have now got my stop at breakeven, so that was quick
entered at 0.9550 sl at 0.9505, and now its been to 0.9595 so my stop is now at 0.9550...so free trade wherever it goes now...
hey, im short eur/aud, and gbp/aud, and all 3 pairs are going up, but aud better than all of em, so my shorts are 'good'. but for how long, i dont know, ive be stops, and looking for other pairs enter, but not sure what's going on tonight yet.
  • #115
  • Jun 27, 2008 1:35am Jun 27, 2008 1:35am
Quoting Clouds
hey, im short eur/aud, and gbp/aud, and all 3 pairs are going up, but aud better than all of em, so my shorts are 'good'. but for how long, i dont know, ive be stops, and looking for other pairs enter, but not sure what's going on tonight yet.
...looks like we are getting the obligatory turbulence at london open...so who knows
Never say never.
  • #116
  • Jun 27, 2008 1:41am Jun 27, 2008 1:41am
Quoting razldazl
...looks like we are getting the obligatory turbulence at london open...so who knows
yeah, ok, i closed my trades, and now short gu, eu, wish me luck
  • #117
  • Jun 27, 2008 1:58am Jun 27, 2008 1:58am
chf seems extremely strong these days, makes me wary of shorting eur...aussie is still behaving though I can deal with these 30 pip pullbacks and then another rise...I think I will add if it breaks that 0.9600ish high...
Never say never.
  • #118
  • Jun 27, 2008 2:03am Jun 27, 2008 2:03am
Quoting razldazl
chf seems extremely strong these days, makes me wary of shorting eur...aussie is still behaving though I can deal with these 30 pip pullbacks and then another rise...I think I will add if it breaks that 0.9600ish high...
euros pull backs are usually 100 pips. i guess i expect it after a bullish move, have see.
  • #119
  • Edited 12:24pm Jun 27, 2008 7:28am | Edited 12:24pm
33 pips locked in on this trade.
0.9550 entry, sl now at 0.9583 (high of 0.9628-45 ts)

This is just about the last trading day of the month so all in all we have made minimum 163 pips just on aussie this month. Not bad, also this trade is still running unless it hits 0.9583 (news could knock us out now who knows, its friday )
Raz
added at 0.9605, sl still at 0.9583
So my position now is from 0.9581, sl at 0.9588 now...have a nice weekend everyone, Raz
Never say never.
  • #120
  • Jun 29, 2008 6:04am Jun 29, 2008 6:04am
Hi Raz,

Is this what you do when trading and you get stopped out?

That strategy is:

1. you put a trade on and you put a stop loss of around 40- 50 pips
2. the market goes against you (horrors....I was wwwwwrong !! )
3. let the market continue...it will probably go say another 30 - 100 pips past your stop...who knows ???

4. PUT AN ORDER IN AT THE EXACT SAME FIGURE AS YOUR STOP LOSS (if you were originally "short" then place a "short" order) This ensures that when the market comes back, as it invariably does, you have a DEFINATE order in place to put you back in the market where you were originally...and you are now in the same direction as the market is moving..

5. FINALLY, the market comes back around and starts to head in the opposite direction
6. The market picks you back up on its new direction

7. THE ADVANTAGES OF THIS (THEORETICAL) STRATEGY IS THAT
a. IT HAS AN EFFECTIVE AND DISCIPLINED COURSE OF ACTION
b. IT GIVES YOU A SPECIFIC "ENTRY" POINT
c. IT REDUCES LARGE DRAWDOWNS
d. IT PUTS YOU BACK IN THE MARKET EXACTLY WHERE YOU GOT OUT

How has it been working for you on this pair?
There is only one Certainty in Trading --- There is no Certainty
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