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Trading aud/nzd successfully

  • #581
  • Dec 11, 2008 9:53pm Dec 11, 2008 9:53pm
Quoting forexisfx
Maybe it's just the beginning. AUDNZD used to bounds big but now it bounds small and move big. The next time round it might bounds 50 pips and move 300 pips (Not including spread). In the past with my own setting, I don't have any death trade in 3 weeks of trading (it was in Nov and the profit was huge). And when Dec. starts, my death trade keep coming and i keep changing my setting but it's still coming close to get me. With this kind of spread in place, it's not hard to realize that the "danger" level on trading this have increase. I'll move...


The economy is really tanking quick, this is my report from Sunday....
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  • #582
  • Dec 11, 2008 10:20pm Dec 11, 2008 10:20pm
Quoting toyoproxo
The economy is really tanking quick, this is my report from Sunday....
There is more to come, u prepare to see that graph goes to zero ? If not, u might consider staying out of AUDNZD until the spread goes back to 11. Anyone know what happen ? Many currency suddenly move very big in Asia session... 100x80 start tanking in many position, if all those retract, it gonna be a BIG profit. Look at AUDNZD, that is what i'm talking about, bounds small move big (or can be seen as very big bounds ?)
  • #583
  • Dec 11, 2008 10:33pm Dec 11, 2008 10:33pm
Quoting forexisfx
There is more to come, u prepare to see that graph goes to zero ? If not, u might consider staying out of AUDNZD until the spread goes back to 11. Anyone know what happen ? Many currency suddenly move very big in Asia session... 100x80 start tanking in many position, if all those retract, it gonna be a BIG profit. Look at AUDNZD, that is what i'm talking about, bounds small move big (or can be seen as very big bounds ?)
No bailout for Auto industry announced.
  • #584
  • Dec 11, 2008 10:41pm Dec 11, 2008 10:41pm
Quoting Toothman
No bailout for Auto industry announced.
I knew I should have taken Dec. off!

Seriously though, it sucks losing so much real money, but a very small part of me is glad because up until now I haven't experienced 2 stoploss hits in a week.

Sucks, but that is trading. You accept your loss and move on.
  • #585
  • Dec 11, 2008 10:42pm Dec 11, 2008 10:42pm
Quoting Toothman
No bailout for Auto industry announced.
I see. Nice to heard that it's finally out. I think this is one of the BIG news we are waiting for weeks. 100x80 is making big profit becoz of this .
  • #586
  • Dec 11, 2008 10:44pm Dec 11, 2008 10:44pm
Quoting Toothman
No bailout for Auto industry announced.
OMG!!! look at usd/jpy!!! I have still been running 100/40. It just got totaly killled. Thanks for the info.
  • #587
  • Dec 11, 2008 10:50pm Dec 11, 2008 10:50pm
Too bad i didn't run 100x80 live, could have milk in some cash.
  • #588
  • Dec 11, 2008 10:54pm Dec 11, 2008 10:54pm
I got hit bad last night, so I turned it off. Glad I did. The 35x20 is surving this week but the others are getting hit badly. Obviously something is making it move. I would just step aside and stay out for now. The guy who wished for the worst case scenario got his wish, this is certainly it. In post #8 I posted these rules:

These are the rules I traded by the last 4 weeks.

1. I turn on the EA around the JPY open 0 GMT or 8pm EST USA.
2. I find a good place to close before the USA open and take my profit.

Thats it.

If I had followed my own rules I would not have taken big losses this week. Yesterday I was not happy with one account showing 0 profit and the other around 5 bucks. I said to my self, "SELF" looks like a quiet night, let the thing run during the USA session. So I listened to SELF and violated my own rules. It is unreasonable to expect perfect sailing every week and off weeks and days are to be expected but this one is a doozy. Here are my results for the 35x25 this week. I went ahead and took a loss rather than seeing if price would retrace. I am glad I did. Still made a profit on this account this week. I cleaned out most of my contest account, I went from 260 to 480 down to 76. My other live account is back to even. So a total losing week but I offset some losses with gains from another account. The 50x15 took big hits, the 35 x 25 was stable. The mixed account where I run both is almost even carrying a slight loss. Obviously I am not going to trade under these conditions.

Pic below is the 35x25 opened after JPY open Monday and closed with this big drop today. I went ahead and took the loss rather than risk my profits on the crazy runs.

The 100x80 had a good solid week. Will post results of it later.
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  • #589
  • Dec 11, 2008 10:55pm Dec 11, 2008 10:55pm
Nannningbob warned us about this. I have never seen crazy moves this bad.
  • #590
  • Dec 11, 2008 11:03pm Dec 11, 2008 11:03pm
Quoting toyoproxo
Nannningbob warned us about this. I have never seen crazy moves this bad.
I have not seen this currency do this back to back. If it runs its one and done but this is going crazy right now. I am out. Save my money for next week. I am going to keep running the 100x80 to see if it survives this stuff.
  • #591
  • Dec 11, 2008 11:05pm Dec 11, 2008 11:05pm
Quoting nanningbob
I have not seen this currency do this back to back. If it runs its one and done but this is going crazy right now. I am out. Save my money for next week. I am going to keep running the 100x80 to see if it survives this stuff.
I bet it will. Looking forward for ur posting this weekend on how u trade 100x80. I am not trading AUDNZD until it go back to 11 spread. Going live next week on 100x80.
  • #592
  • Dec 11, 2008 11:45pm Dec 11, 2008 11:45pm
Quoting nanningbob
These are the rules I traded by the last 4 weeks.

1. I turn on the EA around the JPY open 0 GMT or 8pm EST USA.
2. I find a good place to close before the USA open and take my profit

ive stayed out of the US session every day and i havent hit a SL running 35x20... infact past few days i havent gone many levels deep at all....
still glad ive had delay to live trading trying to set up my VPS, hopefully after my hectic bali trip ill be ready to go live with a relatively miniscule spread.
Grabbing the bull by the horns!
  • #593
  • Dec 12, 2008 12:04am Dec 12, 2008 12:04am
hit some TP today for A/Z after the run but the overall is a loss
Reason, due to the spread.
May be I need a bigger multiple factor or sitting this out is better
  • #594
  • Dec 12, 2008 12:23am Dec 12, 2008 12:23am
My small live account has survived so far. I am on top of things almost 12 hrs a day so it helps. I need make this a success since I am hopeful of a nice earning possibility here.
I have done away with stop loss because I can't afford it. I can't wait for my account to be broken before fixing it!
I am switching BUY and SELL EA on and off near PB pivot low and high levels. I keep them both on only around middle level. Sometimes I add positions manually to balance things and wriggle out of it somehow slowly. IF I was on DEMO I would not have done all this to survive.

So far so good. When I see spread changing (buy and sell quote moving independent of each other) so fast, we may have to go slow here.
"Put all your efforts in becoming effortless"
  • #595
  • Dec 12, 2008 2:37am Dec 12, 2008 2:37am
in light of todays events ive been having a play with frostys excel... would love some brainstorming/thoughts on two ive come up with

50x30
TP:50
re-entry: 30
multiply: 1.8
maxtrade: 8
SL: 280


30x25
TP:30
re-entry: 25
multiply: 1.8
maxtrade: 8
SL: 250


thoughts, critiques, comments?
Grabbing the bull by the horns!
  • #596
  • Dec 12, 2008 2:44am Dec 12, 2008 2:44am
Quoting nanningbob
I would just step aside and stay out for now. The guy who wished for the worst case scenario got his wish, this is certainly it.
What made it even worse for me is that my stupid laptop installed some "important" Windows Updates and rebooted at night.

Another lesson learned.
  • #597
  • Dec 12, 2008 2:55am Dec 12, 2008 2:55am
Quoting whitegoodman
in light of todays events ive been having a play with frostys excel... would love some brainstorming/thoughts on two ive come up with

50x30
TP:50
re-entry: 30
multiply: 1.8
maxtrade: 8
SL: 280


30x25
TP:30
re-entry: 25
multiply: 1.8
maxtrade: 8
SL: 250


thoughts, critiques, comments?
High multiply means smaller lot size means lesser profit most of the time. I'm in favor of multiply 1.4 - 1.6. i think we need at least 300 pip range
  • #598
  • Dec 12, 2008 4:08am Dec 12, 2008 4:08am
Quoting Tjpld
What made it even worse for me is that my stupid laptop installed some "important" Windows Updates and rebooted at night.

Another lesson learned.
might need to head to VPS like i am...
Grabbing the bull by the horns!
  • #599
  • Dec 12, 2008 4:10am Dec 12, 2008 4:10am
Quoting forexisfx
High multiply means smaller lot size means lesser profit most of the time. I'm in favor of multiply 1.4 - 1.6. i think we need at least 300 pip range
okie doke ill see what i can play with... problem is we need to configure something that has coverage of 250ish but not too many max trades. Or we could jsut wait till things settle down and use the proven combos, I jsut like to be proactive
Grabbing the bull by the horns!
  • #600
  • Edited 6:04am Dec 12, 2008 4:43am | Edited 6:04am
Quoting whitegoodman
okie doke ill see what i can play with... problem is we need to configure something that has coverage of 250ish but not too many max trades. Or we could jsut wait till things settle down and use the proven combos, I jsut like to be proactive
50x30 is preferable though results in infrequent trades.
30x25 at 1.8 multiplication results in just $0.8 at the max level. Hardly worth it considering present scenario of spread, slippage etc. Difference between TP and Pips(step) has to more than 20 to produce reasonable returns if the multiplication is below 2.
"Put all your efforts in becoming effortless"
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