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AUD/USD

  • #3,661
  • Sep 16, 2009 5:39am Sep 16, 2009 5:39am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting puks
Now guys, PLEASE help me out here. I am relatively new to this jargon compared to you experienced ppl out there.

Should I close all my positions and take the loss or wait for more time and risk getting liquidated?

PLEASE HELP.

thanks
puks, without selling your house, cars, blakets and pillows will you have enough funds until 8800? secondly will you have enough fund to hedge at 8800? if it gets there ...
  • #3,662
  • Sep 16, 2009 5:41am Sep 16, 2009 5:41am
Quoting fammira
what is your average position?

looking at the medium term, do you reasonably think there's more upside than downside??

you have to decide, but if me, if my position was not far from 0,84 - 0,85, I would keep without any fear

Nevertheless is a fact that strong commodities are supporting the aussie in these two weeks, but a remarkable retrace of the markets seems to be on the cards
Thanks Fammira. I'd go by your experience and hope that I get out of this trade atleast at BE. for B/E, I would need this to go at .8450 but I am prepared to get out at .8500

Out of curiosity, how many times in your trading experience you have experienced such a swing and irrationality?

Thanks
  • #3,663
  • Sep 16, 2009 5:48am Sep 16, 2009 5:48am
Quoting G_Man
puks, without selling your house, cars, blakets and pillows will you have enough funds until 8800? secondly will you have enough fund to hedge at 8800? if it gets there ...
I can survive till .8800 but I wouldn't be able to hedge there without adding extra funds.

BTW, I get confused reading about lots and soldiers size. would you mind telling me what a "lot" and "soldier" size is?

my soldier size is 25K and I have 6 of them out. total 150K

Thanks
  • #3,664
  • Sep 16, 2009 7:30am Sep 16, 2009 7:30am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting puks
I can survive till .8800 but I wouldn't be able to hedge there without adding extra funds.

BTW, I get confused reading about lots and soldiers size. would you mind telling me what a "lot" and "soldier" size is?

my soldier size is 25K and I have 6 of them out. total 150K

Thanks
is this CFD value or real $ value?
  • #3,665
  • Sep 16, 2009 7:33am Sep 16, 2009 7:33am
Quoting G_Man
is this CFD value or real $ value?
Obviously CFD value. I wish that was real $ value.

How about yourself?
  • #3,666
  • Sep 16, 2009 7:37am Sep 16, 2009 7:37am
Quoting G_Man
is this CFD value or real $ value?
So in order to have 150K open position, my margin is AU$750 and each pip would make US$15 difference to my account.

The market is currently against me by apprx 3 cents so you can calculate the current loss I am carrying.

Please advise me if this is "normal" or "out of whack" in this market.

Appreciate your help.

cheers
  • #3,667
  • Sep 16, 2009 7:50am Sep 16, 2009 7:50am
Quoting puks
So in order to have 150K open position, my margin is AU$750 and each pip would make US$15 difference to my account.

The market is currently against me by apprx 3 cents so you can calculate the current loss I am carrying.

Please advise me if this is "normal" or "out of whack" in this market.

Appreciate your help.

cheers
Hi Puks,
Go to babypips.com.Read Currency Trading and Technical Analysis for Dummies.Then Demo trade for six months to a year.Then Live with mini lots.Protect and Preseve your Capital.RR,MM all must be used.
  • #3,668
  • Sep 16, 2009 7:52am Sep 16, 2009 7:52am
Quoting puks
So in order to have 150K open position, my margin is AU$750 and each pip would make US$15 difference to my account.

The market is currently against me by apprx 3 cents so you can calculate the current loss I am carrying.

Please advise me if this is "normal" or "out of whack" in this market.

Appreciate your help.

cheers

I also have a draw down in au and nu that is not allowing me to enter any other trade

The biggest issue here would be that $15 pip, the moment you break even reduce that to say $5 pip but don't close entirely, this stress deserves some reward

I hope to reduce mine for 100 pip profit at 1.8460

and maybe leave open a stress free trade which i could stand or even add to at .90 with a .80 target
Some drink at the fountain of knowledge. Others just gargle !
  • #3,669
  • Sep 16, 2009 7:57am Sep 16, 2009 7:57am
Quoting plan-b
I also have a draw down in au and nu that is not allowing me to enter any other trade

The biggest issue here would be that $15 pip, the moment you break even reduce that to say $5 pip but don't close entirely, this stress deserves some reward

I hope to reduce mine for 100 pip profit at 1.8460

and maybe leave open a stress free trade which i could stand or even add to at .90 with a .80 target
Thanks but do you think I would get breakeven before going belly up? I can only sustain say another 80-90 pips against me and that would be the death of me in forex...
  • #3,670
  • Sep 16, 2009 8:06am Sep 16, 2009 8:06am
Quoting puks
Thanks but do you think I would get breakeven before going belly up? I can only sustain say another 80-90 pips against me and that would be the death of me in forex...
I am not one to give advise since i am in a similar situation but maybe you could see what happens in ny session and take some pain on half your position especially if it goes back below .87

That would increase your margin. After that i would put a far away target profit like .82 and take a break for a week or two and see what happens

but i could be totally wrong
Some drink at the fountain of knowledge. Others just gargle !
  • #3,671
  • Sep 16, 2009 8:13am Sep 16, 2009 8:13am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
ok, i am gonna add at 8730 and then 8800 (if it gets there) ...

any opinion before i jump in?
  • #3,672
  • Sep 16, 2009 8:22am Sep 16, 2009 8:22am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting puks
So in order to have 150K open position, my margin is AU$750 and each pip would make US$15 difference to my account.

The market is currently against me by apprx 3 cents so you can calculate the current loss I am carrying.

Please advise me if this is "normal" or "out of whack" in this market.

Appreciate your help.

cheers
dont worry puks, you'll be alright ... just be patient ... and if you cant handle it just take SL ... and have a tight sleep ...

you remind me of me 2 years ago ...

i used to had a dream of my trading platform ... jump out of the bed with half a sleep in the middle of the night to check the rates ...

you just need to make sure you learn something everytime you make a mistake ...
  • #3,673
  • Sep 16, 2009 8:24am Sep 16, 2009 8:24am
Quoting G_Man
ok, i am gonna add at 8730 and then 8800 (if it gets there) ...

any opinion before i jump in?
Long or short?

Feel free to add wherever you want, the main issue would be your additions relative to account size

Don't get yourself into puks ^ predicament when you can have a profitable stress free trade with your existing position.
Some drink at the fountain of knowledge. Others just gargle !
  • #3,674
  • Sep 16, 2009 8:40am Sep 16, 2009 8:40am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting plan-b
Long or short?

Feel free to add wherever you want, the main issue would be your additions relative to account size

Don't get yourself into puks ^ predicament when you can have a profitable stress free trade with your existing position.
8730 long or short?

are you serious?

that was my 9th player ... 10th player will come into play 8800 if its get there ...
  • #3,675
  • Sep 16, 2009 8:42am Sep 16, 2009 8:42am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
its the gold prices thats keeping aussie up there ...

is it mostly china who controls gold?
  • #3,676
  • Sep 16, 2009 8:52am Sep 16, 2009 8:52am
sit tight im in big deep sh1t too and close the kiwi long, now naked

http://img38.imagefra.me/img/img38/2...5m_7d6fc41.png

the troops should comes home savely, 200 - 300pips range for the week?
  • #3,677
  • Sep 16, 2009 8:56am Sep 16, 2009 8:56am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting ben10
sit tight im in big deep sh1t too and close the kiwi long, now naked
the troops should comes home savely, 200 - 300pips range for the week?
... kiwi long should be good for you mate ...
  • #3,678
  • Sep 16, 2009 8:57am Sep 16, 2009 8:57am
she fall below 87 , attack

http://img40.imagefra.me/img/img40/2...2m_46da486.png
  • #3,679
  • Sep 16, 2009 8:58am Sep 16, 2009 8:58am
Quoting G_Man
... kiwi long should be good for you mate ...
i know buddy but i see she would fall so i close it and reenter again later on
  • #3,680
  • Sep 16, 2009 9:04am Sep 16, 2009 9:04am
5 minute chart range buy kiwi above 71-7140, sell aussie below 8730-8700
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