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AUD/USD

  • #7,581
  • Oct 23, 2009 10:07am Oct 23, 2009 10:07am
Quoting ben10
Thadakman play small first and your trade/s must be in profit first before you do the hedge or lockin, then snowballing effect will took place from there

http://img37.imagefra.me/img/img37/2...im_7ca4cb1.png

eur/gbp X gbp/chf = eur/chf

Very good idea about starting the hedge when the other side is in profit; this is what I was going over in my head... so far I've been entering at the same time and just taking the spread on both sides in the chin.
  • #7,582
  • Oct 23, 2009 10:11am Oct 23, 2009 10:11am
Quoting sunshine
scalpers paradise
would you plese share how you do the scalp trade thanks
  • #7,583
  • Oct 23, 2009 10:18am Oct 23, 2009 10:18am
I believe I've read a few people on here that can go long AUD/USD and short AUD/USD at the same time (and are able to carry these as seperate trades)... what broker do you use if you don't mind me asking...

I'm using Forex.com (Gain Capital) and am not able to do this... that's why I'm doing AUD/USD long and NZD/USD short b/c of the tight correlation (while keeping a close eye on the AUD/NZD cross).
  • #7,584
  • Oct 23, 2009 10:18am Oct 23, 2009 10:18am
Quoting thadakman
Very good idea about starting the hedge when the other side is in profit; this is what I was going over in my head... so far I've been entering at the same time and just taking the spread on both sides in the chin.
dont worry about the spread the profit will take care of them all! believe me, after you had decent size profit then you are ready to look for opportunity to attack any of the synthetic pair with stop at breakeven point, you play with markets money not your capital
  • #7,585
  • Oct 23, 2009 10:25am Oct 23, 2009 10:25am
seems like the aussie move lower to 9200 as the price stay below 9250
  • #7,586
  • Oct 23, 2009 10:46am Oct 23, 2009 10:46am
Dow really looks to be bottoming out and about to break back over 10,000; I think the profit taking may be done for the day and the dollar should sell off again... I say AUD break over 0.9250 and on it's way to 0.9300 again but probably not enough strength to get to 0.9300.
  • #7,587
  • Oct 23, 2009 10:47am Oct 23, 2009 10:47am
http://img38.imagefra.me/img/img38/2...lm_d5e2af2.png
  • #7,588
  • Oct 23, 2009 10:49am Oct 23, 2009 10:49am
10,000 could end up proving resistance, that could be bad for the upside... I'd really like to see Dow 10,200-10,300 though next week, then I'd feel really safe to start going USD long.
  • #7,589
  • Oct 23, 2009 10:54am Oct 23, 2009 10:54am
ausiie range 93-92

kiwi range 76-75

the market want to play , i'll play her game too

http://img01.imagefra.me/img/img01/2...am_5ecca73.png

i just need to watch my exposure and has enough ammo to attack when the breakout/down occurred , thats all and have a very good week end to you all and see ya next week, Ciao!
  • #7,590
  • Oct 23, 2009 11:02am Oct 23, 2009 11:02am
Quoting ben10
ausiie range 93-92

kiwi range 76-75

the market want to play , i'll play her game too

http://img01.imagefra.me/img/img01/2...am_5ecca73.png

i just need to watch my exposure and has enough ammo to attack when the breakout/down occurred , thats all and have a very good week end to you all and see ya next week, Ciao!
Later, have a great weekend!
  • #7,591
  • Oct 24, 2009 8:14am Oct 24, 2009 8:14am
Quoting WestAus
Short entry hit at 9147.
And trade closed on Buy stop at 9110 for 37 pips. Was a small milestone (hopefully not luck) as i planned my trade from my charts and Trendlines. Will figure out how to get a pic up but it looked good and executed and was without emotion.

Hey guys what do you mean when referring to certain pairs as synthetic?
  • #7,592
  • Oct 24, 2009 11:30am Oct 24, 2009 11:30am
Quoting thadakman
I believe I've read a few people on here that can go long AUD/USD and short AUD/USD at the same time (and are able to carry these as seperate trades)... what broker do you use if you don't mind me asking...

I'm using Forex.com (Gain Capital) and am not able to do this... that's why I'm doing AUD/USD long and NZD/USD short b/c of the tight correlation (while keeping a close eye on the AUD/NZD cross).
Hi thadakman,
I've been doing this for a while now, I use SDL indicator (slope direction line) to see long/short opportunity (+ my subjective analysis), its accurate 60% ,I back test it for one year, when its correct it gives you at least 3:1 RRR , which sounds good ,
but, in order to avoid being in the wrong side I put 2* opposite STOP Order at my SL point instead of closing my losing position, then I have 2 +1 position in both sides at the same pair, I close the winning one when the SDL changes agian and I re-renter the first position as a recovery trade to average them all, it's really safe and profitable so far, I use 'fxpro' and their MT4 plateform, they are in europ so you can have a hedge position with them, I'm not promoting them ,I'm just a user but they have been good so far.
"when you cant adjust the wind, adjust the sail"
  • #7,593
  • Oct 24, 2009 11:35am Oct 24, 2009 11:35am
Quoting thadakman
I believe I've read a few people on here that can go long AUD/USD and short AUD/USD at the same time (and are able to carry these as seperate trades)... what broker do you use if you don't mind me asking...
I have an account with FXCM UK. They allow you to go long and short at the same time without using any further margin. You could also open an Oanda account and then create a sub-account so that you can go long in one account and short in the other. I do this also.

And for those who like to read the BoS Daily Market Strategy here is yesterday's report.

Attached File(s)
File Type: pdf BOS_Market_Strategy_Daily_23_Oct_2009.pdf   148 KB | 489 downloads


FXCM's sentiment index was so badly done on Friday evening that it is not even worth posting. The graph is contradicting the statistics - they obviously do not proofread it before posting so I won't bother posting that.

Just quickly flicking through my charts - looking a little toppy to me but I'm gonna need some more confirmation before I go short.
Nothing worth having is easy.
  • #7,594
  • Oct 24, 2009 11:49am Oct 24, 2009 11:49am
Quoting Patience
And for those who like to read the BoS Daily Market Strategy here is yesterday's report.

Attachment


Just quickly flicking through my charts - looking a little toppy to me but I'm gonna need some more confirmation before I go short.
Hi patience,
thanks for BOS report, very useful as usual,
have a nice weekend
  • #7,595
  • Oct 24, 2009 11:17pm Oct 24, 2009 11:17pm
So what's our forecast next week, up or down
  • #7,596
  • Oct 25, 2009 10:06am Oct 25, 2009 10:06am
Quoting Zeroh
So what's our forecast next week, up or down
Australian PPI causes a rise in prices...
Any idea?
  • #7,597
  • Oct 25, 2009 3:30pm Oct 25, 2009 3:30pm
Thanks for the replies in response to hedging Shahab8 and Patience, do either of you reside in the USA by any chance... and do you know if there are any types of problems I may encounter with opening an account with a non-US broker if I'm a US resident?

I'm really bummed they banned hedging with US brokers earlier this year.
  • #7,598
  • Oct 25, 2009 4:24pm Oct 25, 2009 4:24pm
Quoting thadakman
Thanks for the replies in response to hedging Shahab8 and Patience, do either of you reside in the USA by any chance... and do you know if there are any types of problems I may encounter with opening an account with a non-US broker if I'm a US resident?

I'm really bummed they banned hedging with US brokers earlier this year.
No problems pal. You can change your forx.com server to U.K base also. Then you can hedge. I have done that. I'm with Gaines too.

Vinesh
  • #7,599
  • Oct 25, 2009 6:08pm Oct 25, 2009 6:08pm
Good morning all,
Wish all a good, happy trading ( high Piping) week to every member.
Find a job that you love and you dont have to work again in your life.
  • #7,600
  • Oct 25, 2009 6:14pm Oct 25, 2009 6:14pm
Quoting Zeroh
So what's our forecast next week, up or down
92 tested so manytimes now, so we are in the range trade at the moment, the longterm trend(daily chart) still intact.

http://img03.imagefra.me/img/img03/2...bm_fad3db2.png

Volatility trades:

@Every currency has its own rhythm or range and around 300 pips weekly for the aussie.

@second one is the short term volatility, created by a news event or some other factor with short term impact.

@the third one is where there is high probability of volatility persisting for several days. i concerntrate on using sustained volatility as a means of scalping regular return from the market.

Screen Raider,
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