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AUD/USD

  • #7,821
  • Oct 28, 2009 8:57am Oct 28, 2009 8:57am
Quoting G_Man
would you put same amount?
yap becouse i want the stop have abit room to move, remeber sometime price spike and i got swept either by broker or by price spike
  • #7,822
  • Oct 28, 2009 9:00am Oct 28, 2009 9:00am
My spreads are going crazy right now
  • #7,823
  • Oct 28, 2009 9:04am Oct 28, 2009 9:04am
Quoting WestAus
I looked at the nz:usd pair and the spread is always large on CMC (which im changing any week now.)

Oh and i see 8860 as major long term support for aud:usd and 8950 as monthly support.
you want to cover one year range? very long term player like Kristo, thats ok too but not me i dont have patience yet.

set limit long the kiwi above 7350 every 50 pips up and set limit orders short the aussie below 9050 every 50 pips down and leave it and watch , no itchy finger here , you not allow to touch it unless 1 loss 5 win scenerio
  • #7,824
  • Oct 28, 2009 9:06am Oct 28, 2009 9:06am
Quoting ben10
you want to cover one year range? very long term player like Kristo, thats ok too but not me i dont have patience yet.

set limit long the kiwi above 7350 every 50 pips up and set limit orders short the aussie below 9050 every 50 pips down and leave it and watch , no itchy finger here , you not allow to touch it unless 1 loss 5 win scenerio
With a 50 pip stop loss?
  • #7,825
  • Oct 28, 2009 9:07am Oct 28, 2009 9:07am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
ok ... i finally closed all my short position at 9030 ...

i was in this battlefiled for exacly 8 weeks (couple of hours mo or less) ...

it has been a pleasure guys ...

now i am on standby mode so please feel free to throw some advise ...
  • #7,826
  • Oct 28, 2009 9:11am Oct 28, 2009 9:11am
Quoting G_Man
ok ... i finally closed all my short position at 9030 ...

i was in this battlefiled for exacly 8 weeks (couple of hours mo or less) ...

it has been a pleasure guys ...

now i am on standby mode so please feel free to throw some advise ...
Good on you. I am glad you stuck with your plan and in the end returned home profitable.
  • #7,827
  • Oct 28, 2009 9:14am Oct 28, 2009 9:14am
U.S. new home sales unexpectedly fell 3.6% in September, the Commerce Department estimated Wednesday. The decline in new-home sales to a seasonally adjusted annual rate of 402,000 was well below the 438,000 pace expected by economists surveyed by MarketWatch. New-home sales in August were revised to a 417,000 level compared with the previous estimate of 429,000. This is the first decline in new home sales after five consecutive monthly gains. New-home sales are down 7.8% compared with a year ago. The supply of homes on the market fell to 251,000 in September, which is the lowest level since November 1982. Median sales prices have fallen 9.1% in the past year to $204,800.
  • #7,828
  • Oct 28, 2009 9:14am Oct 28, 2009 9:14am
Quoting G_Man
ok, but why do you have to trade multiple times when you can just put a massive one at AUD and another one at NZD then just leave it for couple of weeks ...
exposure and available margin , when i put 1 big order and trade going red so ihad to trade the other one to stop bleeding aka lock in the loss .. thats no good and no more margin to play with, so play smal fisrt and snowballing from there, is that make sense?
  • #7,829
  • Oct 28, 2009 9:16am Oct 28, 2009 9:16am
Quoting WestAus
With a 50 pip stop loss?
no stop loss no take profit either , manage the trade for the whole year and snowballing from there
  • #7,830
  • Oct 28, 2009 9:21am Oct 28, 2009 9:21am
Quoting ben10
no stop loss no take profit either , manage the trade for the whole year and snowballing from there
Ahh ok i see. Was thinking of a similar idea last night. Using H4 charts to confirm pullbacks and then setting buy orders on the continued rise. Maybe H1 to confirm first entry but always using daily and analysing long term TL's for a trend reversal, as this idea relies on long term TL.


what do you think?
  • #7,831
  • Oct 28, 2009 9:21am Oct 28, 2009 9:21am
Quoting G_Man
ok ... i finally closed all my short position at 9030 ...

i was in this battlefiled for exacly 8 weeks (couple of hours mo or less) ...

it has been a pleasure guys ...

now i am on standby mode so please feel free to throw some advise ...
so the troops comes home safely?
  • #7,832
  • Oct 28, 2009 9:23am Oct 28, 2009 9:23am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting puks
Good on you. I am glad you stuck with your plan and in the end returned home profitable.
thanks puks ... thanks to all of you for all your great post ... it makes a big difference when the thread is alive ... special thanks to you ben10 ... you contribute a lot in this thread ...

listen guys if you are in Sydney ... i think at some stage we should meet up and share ideas so moving forward we can be on most of the time ...

christmas is coming so i am sure y'all are looking forward to it ...
  • #7,833
  • Oct 28, 2009 9:25am Oct 28, 2009 9:25am
Quoting G_Man
thanks puks ... thanks to all of you for all your great post ... it makes a big difference when the thread is alive ... special thanks to you ben10 ... you contribute a lot in this thread ...

listen guys if you are in Sydney ... i think at some stage we should meet up and share ideas so moving forward we can be on most of the time ...

christmas is coming so i am sure y'all are looking forward to it ...
Was it a healthy profit mate? grats!

Nah come over here, was only 45ish and dry wind today, beautiful for being indoors trading lol.
  • #7,834
  • Oct 28, 2009 9:31am Oct 28, 2009 9:31am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting ben10
so the troops comes home safely?
my troops Then:

my troops NOW:
  • #7,835
  • Oct 28, 2009 9:33am Oct 28, 2009 9:33am
Sorry for silly question, but im trying to paste a screenshot into paint but as i do an error saying 'error getting the clipboard data' comes up, any suggestions?
  • #7,836
  • Oct 28, 2009 9:40am Oct 28, 2009 9:40am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting WestAus
Was it a healthy profit mate? grats!

Nah come over here, was only 45ish and dry wind today, beautiful for being indoors trading lol.
profit wasnt that healthy when you put all your time and effort for 8 weeks... it was ok ... but i am impress cuz it could've been a very healthy loss ...

taken a lot of risk ... specially last week ... my most strongest prediction was 9330 resistance ... and i put both my balls and some more other stuffs at 9320 ... that made the big difference ... now thankfully i got my balls back
  • #7,837
  • Oct 28, 2009 9:48am Oct 28, 2009 9:48am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
now back to business ...

New Home Sales came negative for USD ... its even worst than last time ...

now, i know its super impossible but why do i think that NZD will also put their rate up by 25 points tomorrow morning ...
  • #7,838
  • Oct 28, 2009 9:54am Oct 28, 2009 9:54am
add more short

http://img03.imagefra.me/img/img03/2...bm_0fc3443.png
  • #7,839
  • Oct 28, 2009 9:57am Oct 28, 2009 9:57am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting ben10
add more short
now this is where i get relly confused ...

i was getting ready to go long at 9005 ...
  • #7,840
  • Oct 28, 2009 9:58am Oct 28, 2009 9:58am
Sell stop (short order) hit at 9017.
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