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Trading aud/nzd successfully

  • #1,801
  • May 20, 2009 11:14pm May 20, 2009 11:14pm
Quoting Verto
awww, I had just rebooted my platform after being up all week... Here is what the past few hours live on ibfx have looked like.
40 was FOMC time
Verto,

How are using this spread indicator in your trading? Is it helpful in any way?

Thanks
"Put all your efforts in becoming effortless"
  • #1,802
  • May 20, 2009 11:19pm May 20, 2009 11:19pm
Quoting IamTHAT
Verto,

How are using this spread indicator in your trading? Is it helpful in any way?

Thanks
I'm not using it whatsoever, it is just a visual representation to see how much ibfx is boning me in spreads when im not watching the screen.
  • #1,803
  • May 21, 2009 1:36am May 21, 2009 1:36am
Verto what is your buffer for AUD/NZD M5?
Do you use 40 MA and 80 Pips Buffer as in the original 1H Version?
  • #1,804
  • May 21, 2009 1:39am May 21, 2009 1:39am
Quoting Tjpld
Verto what is your buffer for AUD/NZD M5?
Do you use 40 MA and 80 Pips Buffer as in the original 1H Version?
I use 30 buffer of the 120 MA.. with two extra levels though so 6 levels, 2x, 200 pip stoploss with 30x20.
  • #1,805
  • May 21, 2009 6:39am May 21, 2009 6:39am
Quoting Verto
I use 30 buffer of the 120 MA.. with two extra levels though so 6 levels, 2x, 200 pip stoploss with 30x20.
Looks good. I have been thinking about switching from H1 to M5 along time.
The original settings for H1 are pretty safe. With a buffer of 80 Pips you know that this pair is strongly overbought/oversold when your 1st level is opened. But quite often it misses my first level by just a few pips and I get only 4-5 trades per week.
I want to get more trades but without putting up more risk of getting my SL hit.
  • #1,806
  • May 21, 2009 8:59am May 21, 2009 8:59am
Quoting Tjpld
Looks good. I have been thinking about switching from H1 to M5 along time.
I am also trading H1 Live and though it takes very few trades, I feel very safe.
Want to try M5 again but earlier experience has not been good. May be conditions are better now..
"Put all your efforts in becoming effortless"
  • #1,807
  • May 21, 2009 10:14am May 21, 2009 10:14am
Hey guys, I know I havent posted here for a while but try looking at this one. 4H 20 MA 50 pips on either side of the line and next line 150 pips away. It seems to just keep bouncing on both sides of the MA. Almost never go more than 2 levels deep. Let me now what you think.
Attached Image (click to enlarge)
Click to Enlarge Name: aud nzd.gif Size: 23 KB
  • #1,808
  • May 21, 2009 8:31pm May 21, 2009 8:31pm
I also want to look at a 10 and 15 MA this weekend. Because this pair and the sgd/usd dont move much this might work.
  • #1,809
  • May 22, 2009 3:43am May 22, 2009 3:43am
Quoting nanningbob
Hey guys, I know I havent posted here for a while but try looking at this one. 4H 20 MA 50 pips on either side of the line and next line 150 pips away. It seems to just keep bouncing on both sides of the MA. Almost never go more than 2 levels deep. Let me now what you think.
What exactly are your suggestions here, please?

(1) T/P, (2) S/L, (3) Levels, and (4) Multiplication?
  • #1,810
  • May 23, 2009 9:39am May 23, 2009 9:39am
Quoting michaelhryu
What exactly are your suggestions here, please?

(1) T/P, (2) S/L, (3) Levels, and (4) Multiplication?
This is all open for discussion at this point but I want to try it. See what happens. I will run some demos and see.
  • #1,811
  • May 25, 2009 3:38pm May 25, 2009 3:38pm
I hope spreads will get better tomorrow. I had a constant 21 Pips
Spread today probably because of US and UK Bank Holiday.
  • #1,812
  • May 25, 2009 4:16pm May 25, 2009 4:16pm
Quoting Tjpld
I hope spreads will get better tomorrow. I had a constant 21 Pips
Spread today probably because of US and UK Bank Holiday.
Oh I'm sure... haha I'm seeing 15 right now but yeah the spreads have been high today, but I am sure its because of the holiday.
  • #1,813
  • May 27, 2009 7:48pm May 27, 2009 7:48pm
Go to

http://www.forexfactory.com/showthread.php?t=169309

Page 10 post#136

I explain a strategy that can almost zero out any losing trade
  • #1,814
  • May 27, 2009 7:51pm May 27, 2009 7:51pm
I wrote up a nifty little EA for the AUD/NZD. It uses the BB on a 5M chart. It enters sells when it hits the top band and buys when it hits the bottom band and TP at 10 pips. Reenters every 20 SL 100. Bang bang bang all day long like we used to. I will post results this weekend.
  • #1,815
  • May 27, 2009 10:58pm May 27, 2009 10:58pm
Quoting nanningbob
I wrote up a nifty little EA for the AUD/NZD. It uses the BB on a 5M chart. It enters sells when it hits the top band and buys when it hits the bottom band and TP at 10 pips. Reenters every 20 SL 100. Bang bang bang all day long like we used to. I will post results this weekend.
Need to Bang Bang right away!
Why don't you post you EA first?
"Put all your efforts in becoming effortless"
  • #1,816
  • May 27, 2009 11:28pm May 27, 2009 11:28pm
Damn, what the hell just happened?

Dropped 100+ pips within a few minutes ....
  • #1,817
  • May 28, 2009 12:26am May 28, 2009 12:26am
I turned it off because of that yesterday evening.

http://www.iii.co.uk/news/?type=afxn...action=article
  • #1,818
  • May 28, 2009 4:00pm May 28, 2009 4:00pm
Hello AUD/NZD thread people.

I have been trying to limit my trading to high probability trades, typically using pretty tight TP in volatile but ranging PA. I am intrigued by the possibilities of doing this with AUD/NZD, but of course I am worried about the big spread.

Would any of you know which brokers have the lowest spreads on this pair? I was wondering if there might be any Aussie or Kiwi brokers that had relatively lower spreads...

Many thanks for any help
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,819
  • May 28, 2009 4:01pm May 28, 2009 4:01pm
Quoting The Fool
Hello AUD/NZD thread people.

I have been trying to limit my trading to high probability trades, typically using pretty tight TP in volatile but ranging PA. I am intrigued by the possibilities of doing this with AUD/NZD, but of course I am worried about the big spread.

Would any of you know which brokers have the lowest spreads on this pair? I was wondering if there might be any Aussie or Kiwi brokers that had relatively lower spreads...

Many thanks for any help
ibfx bounces around 14.... i see 14-20 on most US brokers. MB Trading ranges from 5-10 pips but they are beta testing the mt4 platform still. I hear GoMarkets has lower spread and they are an Aussie broker, if I recall correctly.
  • #1,820
  • May 28, 2009 4:24pm May 28, 2009 4:24pm
Thank you, Verto!

Best of luck to you.
"If The Fool persists in his Folly he will become wise." - William Blake
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