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Female/Woman/Girl Traders here... 583 replies

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Female Forex Traders Network II

  • #141
  • Sep 4, 2009 9:24am Sep 4, 2009 9:24am
Quoting fxgrnwise
Patience,

The AUD/USD is back up to the 78.0% fib where it normally turns down, I would not touch it with a 10 ft. pole right now....
I know I need my head examined. I'll short again at 84.70 if need be. Shorting one of the most "loved" currencies in the world! What was I thinking? That USDX faked me out. Not to worry, account can handle a lot of drawdown. I can wait.

How are you going?

[EDIT] And then I read this article http://www.bloomberg.com/apps/news?p...d=a.SW_71xPhjA
Nothing worth having is easy.
  • #142
  • Sep 4, 2009 9:29am Sep 4, 2009 9:29am
USD/CAD turned on me the other day... have to get better at reading it,
the AUD/USD is the best so far.. I'm working on a scalping system that may work for me, trying to decide on envelopes or bbands for the line in the sand and what settings....
  • #143
  • Sep 4, 2009 9:38am Sep 4, 2009 9:38am
Patience,
Where would you move to? Houses in the US are reasonable right now...
My husband gets passionate about leaving the US quite often, the last round was "lets move to Costa Rica" for this one I just flat out said NO!
  • #144
  • Sep 4, 2009 9:38am Sep 4, 2009 9:38am
Quoting fxgrnwise
USD/CAD turned on me the other day... have to get better at reading it,
the AUD/USD is the best so far.. I'm working on a scalping system that may work for me, trying to decide on envelopes or bbands for the line in the sand and what settings....
I don't really like the USD/CAD. I do trade it from time to time but it can be a right Alan B'stard. Once it picks a direction it can run and run but I find it very hard to trade. It's not a surprise they call it the "loonie" (I know it's named after a bird) but it does act like a loonie sometimes.

AUD/USD is way, way better imho.

I'm off to Oz man - sun, sea, surf - probably Queensland. Problem is my Great British Pounds suck really badly against the AUD. All I can hope for is another stock indice meltdown like last year and I'll be in with a grin. Costa Rica aye? Mmmmm, not sure about that one.
Nothing worth having is easy.
  • #145
  • Sep 4, 2009 9:40am Sep 4, 2009 9:40am
Also I like the idea of the AUD/NZD going the opposite way when the AUD/USD and the NZD/USD go together (usually)
  • #146
  • Sep 4, 2009 11:24am Sep 4, 2009 11:24am
Just a reminder, for those of you who trade USD, Monday is a bank holiday in the US.
  • #147
  • Edited 12:13pm Sep 4, 2009 11:59am | Edited 12:13pm
Nice turnaround. Just went to have a little sleep for a couple of hours (too much NFP excitement ) and my eyes nearly popped out of my head when I saw the screen just now. I didn't expect that but then again, it is a Friday. Sucked me right in on that one and I'm a US$ bear too - in my face.

US holiday on Monday aye Babyleaps. That will be interesting. My soldiers are still out on the battlefield. Might have a little wait for this to come back (nothing that I haven't endured many times before - ha, ha). Don't trade like me!

Attached Image (click to enlarge)
Click to Enlarge Name: USDX-1HOUR-4SEP3.PNG Size: 74 KB


AUD at best level in nearly a year; strength could ultimately be a weakness

The last time AUD was at present levels was September 22 2008, the Monday after the Lehman collapse when the world was worried about the cost to the US of the financial meltdown (a month later it was at $0.60 as it became clear that the cost would spread far beyond the US…)

Traders looking to get on board the rally should look for a dip back to the 0.8470/80 support zone. Such a move seems inevitable as a chunk of the Friday afternoon buyers of the breakout could get cold feet heading into a long holiday weekend in the US.

One of the underpinnings of the AUD rally has been the supposition that the RBA will hike rates no later than November. I wonder if they will be willing to hike rates with a strong and rising currency at a time when Australia is struggling with a wide current account gap. My guess is they will be less likely, the higher the currency rallies. When the market comes to that opinion, the best for the AUD will be over. it won’t happen right away, but is something to file away for the weeks and months ahead.

http://www.forexlive.com/48666/all/a...-be-a-weakness
Nothing worth having is easy.
  • #148
  • Edited 7:17pm Sep 4, 2009 6:52pm | Edited 7:17pm
Invited (what I believe is) a lady to this thread, and here's the comment I got from one of the traders....

http://www.forexfactory.com/showthre...47#post3025847

My rebuttal is two posts down.

I felt like detailing some of the reasons WHY (sexist comments, personal attacks, etc) but I didn't want to make more of it than it was, especially on someone else's thread.

I need a drink....

PS--Please do NOT post on the other thread regarding this. I don't want it to get clogged with mud-flinging (obviously, my opinions are transparent and stated, as the person with whom I was debating can follow my posts here).
  • #149
  • Sep 4, 2009 7:09pm Sep 4, 2009 7:09pm
Quoting babyleaps
My rebuttal is two posts down.
OMG where did that come from and was it really necessary?

I am assuming from the post that the poster is male, lonely, has an issue with women and has been rolled over by them a few times because he doesn't understand them. There were a few of that type in the very first female thread started by Kelly.

I think he needs the drink.

Nice reply btw
Nothing worth having is easy.
  • #150
  • Sep 4, 2009 9:27pm Sep 4, 2009 9:27pm
Hi Babyleaps,

I stop by the "Female Traders Network" thread regularly and find it to be informative and positive, although I am generally a reader here at FF rather than a writer. That said, your posts above spurred me to write my opening post on this thread and express my support for you and your words.

I read the aggressive post on the "other" thread and was quite shocked at the venom it contains. What a crock! I also enjoyed your rebuttal .

By posting here, I don't mean to detract from the purpose or direction of this thread in any way and will continue to visit here, because I enjoy the thread.

Long may we all continue.
If there is ever any doubt then there is no doubt.
  • #151
  • Sep 5, 2009 1:03am Sep 5, 2009 1:03am
Hi
I came across this in an article this week
"The world's most tracked global indices are those provided by Morgan Stanley Capital International (MSCI), but FTSE's are the next most actively followed. Global equity funds use market weightings provided by one or other of such these indices as indicative ratios. Thus when the index publisher makes a weighting adjustment, global equity funds are obliged to follow suit if they are simple index-tracking funds.

FTSE has now decided that South Korea is no longer a "developing" economy but is now a "developed" economy. One might suggest this is a bit of a late call, but either way FTSE will now include a Korean weighting in its DAP (ex J) index after September 18. What this means is that the existing weightings of other markets will have to be trimmed to accommodate the newcomer, which will assume a weighting of 25%.

Hong Kong's weighting will reduce, for example, from 35% to 20%, the institutional desk at GSJB Were suggests. And Australia's weighting will fall by 8% to 45%.

What this means is that all funds tracking the FTSE index by mandate will need to divest an equivalent proportion of their various holdings including Australian stock holdings. "
Is there going to be a major selloff on various stock exchanges in next couple of weeks? and if so how will this affect currencies ? I am not very good at fundamentals but realize i need to learn so I am finding this thread invaluable in the trading journey
Jana
Loss of opportunity is preferable to loss of capital
  • #152
  • Sep 5, 2009 10:07am Sep 5, 2009 10:07am
Quoting Patience

[EDIT] Oh, that useless US$. Looks like I'll be having to rescue my soldier once this calms down. USDX back to 78.54 at the moment. What a plonker of a currency!
HEY--what did our currency ever do to YOU? Oh wait, never mind......

Weird consumer sentiment here. We own our own remodeling company, which I've learned is a great indicator of whether people are spending extra money or not. Things DIED last year, but within the past month we've got more business than we know what to do with. Jobs are still tight, I don't see anyone buying new cars, but apparently people are willing to remodel their office buildings and homes. Weird....
  • #153
  • Sep 5, 2009 10:11am Sep 5, 2009 10:11am
Quoting Minka
Hi
I came across this in an article this week
"The world's most tracked global indices are those provided by Morgan Stanley Capital International (MSCI), but FTSE's are the next most actively followed. Global equity funds use market weightings provided by one or other of such these indices as indicative ratios. Thus when the index publisher makes a weighting adjustment, global equity funds are obliged to follow suit if they are simple index-tracking funds.

FTSE has now decided that South Korea is no longer a "developing" economy but is now...
Jana,
LOVE the sig line--I need to remember that one!

Thanks for the info re: Korea. I don't have an answer to your question (but I know someone here will) but it will be interesting to see if that will generate a selloff or not.
  • #154
  • Sep 5, 2009 10:59am Sep 5, 2009 10:59am
Quoting babyleaps
HEY--what did our currency ever do to YOU? Oh wait, never mind......

Weird consumer sentiment here. We own our own remodeling company, which I've learned is a great indicator of whether people are spending extra money or not. Things DIED last year, but within the past month we've got more business than we know what to do with. Jobs are still tight, I don't see anyone buying new cars, but apparently people are willing to remodel their office buildings and homes. Weird....
Mmmm, interesting. I was just saying in another thread that my bro has spent various periods of time over the years in California. He undertakes manual type "under the table" work and he just cannot procure any work at the moment. He has never had a problem in the past but he said that it's different this time because even the "locals" can't find work and he commented that "it's really bad out there".

So he's coming to see me in London in a few days. First visit in 17 years. Must be bad in Arnie land - ha, ha. Well they have stooped to legalising the green weed haven't they to try to help their fiscal faux pas.

Yeah, go Arnie, get your constituents stoned out of their heads That will put some rose coloured glasses on that financial crisis (or send them to sleep) Either way, things will look better.
Nothing worth having is easy.
  • #155
  • Sep 5, 2009 11:20am Sep 5, 2009 11:20am
Quoting babyleaps
HEY--what did our currency ever do to YOU? Oh wait, never mind......
You know when I first started trading in 2004, I thought the US$ could do no wrong. That was my naive interpretation of the currency. I have holidayed in your lovely country many times and in many places and I have loved every minute of it. Service with a smile and all that.

So I used to short every other currency against the US$ all the time and wonder why I used to get the stuffing knocked out of me most times. Then I discovered fundamentals (a few years later) and my attitude towards the US$ changed significantly. I don't get the stuffing knocked out of me so much anymore.

I tell you what - that financial crisis last year enabled me to close some positions that I had open for a very long time and a couple of those positions were a very long way away from 1.60 in the EUR

Anyway, I wasn't the only plonker that shorted AUD yesterday


SSI: Retail AUDUSD Positioning Hits an Extreme after a Late-Session Move Above 0.85
Friday, 04 September 2009 20:33:40 GMT
Written by John Kicklighter, Currency Strategist

http://cdn.forexfactory.com/attachme...1&d=1252100266


Intraday Highlight:

AUDUSD - The ratio of long to short positions in the AUDUSD stands at -3.15 as nearly 76% of traders are short. Yesterday, the ratio was at -1.57 as 61% of open positions were short. In detail, long positions are 26.3% lower than yesterday and 20.9% weaker since last week. Short positions are 48.1% higher than yesterday and 80.9% stronger since last week. Open interest is 19.1% stronger than yesterday and 45.4% above its monthly average. The SSI is a contrarian indicator and signals more AUDUSD gains.
Nothing worth having is easy.
  • #156
  • Sep 5, 2009 6:37pm Sep 5, 2009 6:37pm
Okay Patience,
I will admit only to you that I am currently waiting for the GBP/JPY to go down and I mean down to get out of 2 micros I've been carrying around since Feb. LOL I hope I never do it again! I think I can read direction better now LOL I have a stubborn side but it has been a lesson I guess I had to walk through. I am only admitting this to you. You could do what Ben10 does, he hedges in the NZD/USD when he doesn't pick the right top to short.
  • #157
  • Sep 7, 2009 7:27pm Sep 7, 2009 7:27pm
Been playing and reading quite a bit today, and have a quick question.--

How many of you actively use pivot points? I am trying to tighten up my order entries and have been experimenting with PP and S/R.

Any great tips, wisdom, etc?
  • #158
  • Sep 7, 2009 7:37pm Sep 7, 2009 7:37pm
Quoting babyleaps
Been playing and reading quite a bit today, and have a quick question.--

How many of you actively use pivot points? I am trying to tighten up my order entries and have been experimenting with PP and S/R.

Any great tips?
Pivot points as in floor trader pivots ?

They work brilliantly if you are trading stuff like the mini-dow or similar markets, not much use for forex in my humble opinion.

Others here would probably tell you different, but whenever I have seen them "work" it was simply due to other factors such as SR / Round numbers etc.

If you look into SR that is all you will ever need, I can't recommend learning S/R enough. Plenty of great threads on here with stuff on it . . . J16 thread, BRV thread . . Clockworks thread. Again my opinion only, your own experience with it will be worth a gazillion times more than what I can write.

Best Regards and Trade well,
Jig
  • #159
  • Sep 7, 2009 7:40pm Sep 7, 2009 7:40pm
I wouldn't trade without them, I use Fibonacci Pivots which are slightly different than Standart Pivots.

Most traders use NY close for the Pivot calculations, I use 00:00 GMT as I trade the London session.

We had several conversations with AK4X and acumen what's the better calculation time, but I stick with what works for me.

Pivots are very useful for short term and daytrading.

Quoting babyleaps
Been playing and reading quite a bit today, and have a quick question.--

How many of you actively use pivot points? I am trying to tighten up my order entries and have been experimenting with PP and S/R.

Any great tips, wisdom, etc?
  • #160
  • Sep 7, 2009 7:47pm Sep 7, 2009 7:47pm
I see some indicators on FF that are auto PP indicators and have been playing with one. Cobra, could you recommend / post what you use, please?

Want to be sure I'm starting out with something that's been updated, and has solid info on it.

Thanks,
Tanya
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