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AUD/USD

  • #2,321
  • Aug 23, 2009 7:46am Aug 23, 2009 7:46am
Quoting fammira
thanks ben, I know you use a different hedging strategy

I can't do that but I understand is also a good way to protect gains

do you use EMA, SMA or other kind of moving averages to see entry and exit points?
Yes Ben, I am unsure of your strategy. Please share with us how you trade the synthetic pairs.
  • #2,322
  • Aug 23, 2009 10:53am Aug 23, 2009 10:53am
Quoting fammira
thanks ben, I know you use a different hedging strategy

I can't do that but I understand is also a good way to protect gains

do you use EMA, SMA or other kind of moving averages to see entry and exit points?
Hi Fammira ,

i use sma 5 to 100 to see the lansdcape and my entry style by looking at or from compression of multiple MMA support and resistance. the concept i got from this site http://www.guppytraders.com/gup329.shtml also FTI thread post number 2861 and 2862 http://www.forexfactory.com/showpost.php?p=2025370&postcount=2861
  • #2,323
  • Aug 23, 2009 10:58am Aug 23, 2009 10:58am
Quoting Magic Trader
Yes Ben, I am unsure of your strategy. Please share with us how you trade the synthetic pairs.
the conceps of synthetic trading style i got from here http://www2.oanda.com/cgi-bin/msgboa...5;t=008779;p=6 mr.weejock poopong mc plop
  • #2,324
  • Aug 23, 2009 6:57pm Aug 23, 2009 6:57pm
many times i mentioned 0.8200 as the line on the sand or support and resistance and now the range 0.82 - 0.8450 if i am bearish on the aussie outlook (chart wise) i want to short it at the high of that range wich is 0.8450 or better.

http://img40.imagefra.me/img/img40/2...rm_384d7d0.png

Now have a look at nzd/usd ...where are the support and resistance range
0.68 - 0.7150? so i would prefer to buy at the lowest of the range in this case 0.6800 or better, as they both exhibit similar pattern eg; when aussie/dollar move upward so dose the kiwi/dollar and vice verca.

the move for both (aud/usd and nzd/usd) are upward so i expected the aud/nzd crosses move downward to the 1.20 - 1.18 zone!.

So as per my scenerio play ,if i got the price right or my average position eg; short aussie @ 0.8450 and long kiwi @ 0.68 what price i got for aud/nzd short syntheticly? 0.8450 : 0.6800 = 1.2426
what is the price level for aud/nzd crossess right now, where should i go long to hedge

hope i can make clearer how i play out this strategy good trading to you all
  • #2,325
  • Aug 23, 2009 7:37pm Aug 23, 2009 7:37pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
The week of .8500 has finally arrive so lets make some $$$ ... this is what i think is going to happen ...

8480 (Short time)
8530 (Short Hedge time)
8280 (Long time)
8250 (Long Hedge time)

lets move with the way she wants to move ...keep on dancing ...
  • #2,326
  • Aug 23, 2009 8:00pm Aug 23, 2009 8:00pm
Quoting G_Man
The week of .8500 has finally arrive so lets make some $$$ ... this is what i think is going to happen ...

8480 (Short time)
8530 (Short Hedge time)
8280 (Long time)
8250 (Long Hedge time)

lets move with the way she wants to move ...keep on dancing ...
Hi G_Man the hedge master, may i join the dance ?

http://www.forexfactory.com/showpost...&postcount=264
  • #2,327
  • Aug 23, 2009 9:04pm Aug 23, 2009 9:04pm
Might be in same formation as June July before next move up.
Keep buying dips for eventual run to .99.
Attached Image (click to enlarge)
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History is written by the victors.
  • #2,328
  • Aug 23, 2009 10:49pm Aug 23, 2009 10:49pm
I think the pattern in AUDUSD is an Ending Diagonal a new high is probable but the decline would be so sharp and fast and I think of getting short here and adding to it at Weekly R1 at 0.84420 and a SL well above Monthly R1 (0.8510) ,TP above monthly pivot (0.8141).
Attached Image (click to enlarge)
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Attached Image
  • #2,329
  • Aug 24, 2009 4:22am Aug 24, 2009 4:22am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting ben10
Hi G_Man the hedge master, may i join the dance ?

http://www.forexfactory.com/showpost...&postcount=264
yea sure ben, c'mon in. its really slow cuz right now she's playing some classical 50's song which i am really hating it ... but dont worry after 12am (AEST) we'll have some RNB so keep on dancing ... and show me the monneey ...

i am already on from 8403 to 8365 ... still testing ...
  • #2,330
  • Aug 24, 2009 4:32am Aug 24, 2009 4:32am
Guys,

I've been trading for past 2 months and haven't made much. I've learnt from my mistakes. anyways, currently short from .8310. Hoping for a sharp dip to levels around .8250.

If it goes over .8420, I'll double up and go short again.
  • #2,331
  • Aug 24, 2009 5:13am Aug 24, 2009 5:13am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting puks
Guys,

I've been trading for past 2 months and haven't made much. I've learnt from my mistakes. anyways, currently short from .8310. Hoping for a sharp dip to levels around .8250.

If it goes over .8420, I'll double up and go short again.
Hi puks, welcome to the world of wealth ...
its good to hear that you are on positive side ...
my opinion: 8310 was bit early for short but if i was you i would do exactly what you said before ... but please make sure you have enough equity until 85 - 8530 cuz it may go there this week ...
  • #2,332
  • Aug 24, 2009 5:20am Aug 24, 2009 5:20am
quote=G_Man;2983995]Hi puks, welcome to the world of wealth ...
its good to hear that you are on positive side ...
my opinion: 8310 was bit early for short but if i was you i would do exactly what you said before ... but please make sure you have enough equity until 85 - 8530 cuz it may go there this week ...[/quote]

---
G'day G_Man,

Well not exactly, I blew up around $1200 within 10 days after making gains of around 700. Only after that I learnt about stop-loss, hedging, etc. I took that loss as a price to learn fx-trading :-) Yeah, I am in small lots, testing if my technical analysis is working and only after confirm trend, I take the position. I do have enough equity if it goes around 85 mark but I read today that its beginning to go bearish and expected to hit 81 mark by mid sept.

How long have you been trading Fx? and are you net +ve? If you wouldn't mind, could you plz advise your trading strategy or the technical analysis that you use?

Thanks
  • #2,333
  • Aug 24, 2009 6:00am Aug 24, 2009 6:00am
Quoting G_Man
Hi puks, welcome to the world of wealth ...
its good to hear that you are on positive side ...
my opinion: 8310 was bit early for short but if i was you i would do exactly what you said before ... but please make sure you have enough equity until 85 - 8530 cuz it may go there this week ...
I agree...85 will be a psychological (and new) high so I'd wait till then to add another short.

I've made similiar mistakes before...but just make sure you can handle your lots without getting margin called and stuff
  • #2,334
  • Aug 24, 2009 6:29am Aug 24, 2009 6:29am
gday guys...

just wanna say thanks for contributing and sharing your knowledge and wisdom. I really appreciate it..

Ive been reading here for a few weeks now and absorbing as much info as possible from you guys. I cant say that my account has gone positive (approx -$700 atm on a micro account), but thats from making some silly 'punts'. Lessons learned!

Am currently short on the aussie from .8393. Was hoping for more out of it today and then that crazy sideways action this evening. My stop is at .8418 atm... almost out.
  • #2,335
  • Aug 24, 2009 6:36am Aug 24, 2009 6:36am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
alright i am short again from 8411 ... target still not sure ... hedge 8480 and then 8530 ... show me what you got baby
  • #2,336
  • Aug 24, 2009 7:37am Aug 24, 2009 7:37am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting puks
quote=G_Man;2983995]Hi puks, welcome to the world of wealth ...
its good to hear that you are on positive side ...
my opinion: 8310 was bit early for short but if i was you i would do exactly what you said before ... but please make sure you have enough equity until 85 - 8530 cuz it may go there this week ...
---
G'day G_Man,

Well not exactly, I blew up around $1200 within 10 days after making gains of around 700. Only after that I learnt about stop-loss, hedging, etc. I took that loss as a price to learn fx-trading :-) Yeah, I am in small lots, testing if my technical analysis is working and only after confirm trend, I take the position. I do have enough equity if it goes around 85 mark but I read today that its beginning to go bearish and expected to hit 81 mark by mid sept.

How long have you been trading Fx? and are you net +ve? If you wouldn't mind, could you plz advise your trading strategy or the technical analysis that you use?

Thanks[/quote]

i've only been trading for around 2 years ... and thankfully I am well above positive ...

i personally think there is very little strategy and rules involve in forex. news, technical analysis and blogs always helps ... but most importantly you have to create your own personal way and the way it suits you ...

e.g. i never did SL and it suits me ... i’ve had at least 5-6 margin call in last 2 years and i chose to liquidate myself instead of SL ... and I do hedge ... however, these may or may not suit you ...
  • #2,337
  • Aug 24, 2009 10:31am Aug 24, 2009 10:31am
0.84 floor is leaking
  • #2,338
  • Aug 24, 2009 10:37am Aug 24, 2009 10:37am
bloody slow aussie/dollar , ausiie/yen is better play
  • #2,339
  • Aug 24, 2009 10:39am Aug 24, 2009 10:39am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting ben10
0.84 floor is leaking
should i be adding more?
  • #2,340
  • Aug 24, 2009 10:44am Aug 24, 2009 10:44am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting ben10
bloody slow aussie/dollar , ausiie/yen is better play
what about nz/us short at .6895
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