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AUD/USD

  • #7,881
  • Oct 28, 2009 6:42pm Oct 28, 2009 6:42pm
Quoting ben10
i dont play long term as you see most my chart are smaller time frame , no profit target the stops(gain protector) is the target, i play snow balling effect.

what you gonna do if the price tonite spike and move back to 9300? whats the plan?
What about the GDP figure coming out later on?...if it is crap it will no doubt hit the $ .Notice that Goldmans have revised their forecast down to 2.7% from an expected 3.2%.
  • #7,882
  • Oct 28, 2009 6:43pm Oct 28, 2009 6:43pm
u gonna short aud/nzd? its at the top of the range now,

with the interest rates next week perhaps not such a good idea?
  • #7,883
  • Oct 28, 2009 6:45pm Oct 28, 2009 6:45pm
Quoting siboy
What about the GDP figure coming out later on?...if it is crap it will no doubt hit the $ .Notice that Goldmans have revised their forecast down to 2.7% from an expected 3.2%.
hopefully im already infront of my pc 1 hour before that happen, so i can see the price action in realtime, what time is the announcemen (sydney time)?
  • #7,884
  • Oct 28, 2009 6:50pm Oct 28, 2009 6:50pm
Quoting dazers
u gonna short aud/nzd? its at the top of the range now,

with the interest rates next week perhaps not such a good idea?
my rule numero uno/number one is my chart should show if its to go short before i consider entering sell button.

hows trading Dazers hope you had good pipping too! are short or long at the moment?
  • #7,885
  • Oct 28, 2009 6:59pm Oct 28, 2009 6:59pm
compression(circle) breakout accurred when im in bed ,

http://img38.imagefra.me/img/img38/2...4m_faad558.png
  • #7,886
  • Oct 28, 2009 6:59pm Oct 28, 2009 6:59pm
both longs and shorts all over the place, with no stop losses set the margins are offseting.

started off as hedging losing positions, now not sure whats the positions and whats the hedge?

I try to pick tops and bottoms, reversals. Close out the winning position and let the loosing position shrink.

Its not working very well so far though...
  • #7,887
  • Oct 28, 2009 7:04pm Oct 28, 2009 7:04pm
Quoting ben10
i dont play long term as you see most my chart are smaller time frame , no profit target the stops(gain protector) is the target, i play snow balling effect.

what you gonna do if the price tonite spike and move back to 9300? whats the plan?
I have a Buy stop at double my current posi above 9100 to begin a medium term long position, i also have asx 200 hedging as i plan to buy on this (maybe large pullback/reversal)
  • #7,888
  • Oct 28, 2009 7:05pm Oct 28, 2009 7:05pm
Quoting ben10
hopefully im already infront of my pc 1 hour before that happen, so i can see the price action in realtime, what time is the announcemen (sydney time)?
Pretty sure it is 11.30pm Sydney time Ben.
  • #7,889
  • Oct 28, 2009 7:09pm Oct 28, 2009 7:09pm
Quoting dazers
both longs and shorts all over the place, with no stop losses set the margins are offseting.

started off as hedging losing positions, now not sure whats the positions and whats the hedge?

I try to pick tops and bottoms, reversals. Close out the winning position and let the loosing position shrink.

Its not working very well so far though...
ah i see! i experience the same as you when i first started this thingy.

ok what i do is just concerntrate on average position, where and what is the average position? where and what is the average long?

then focus to the winning side and put stop or to protect the gain and add equal size to the winning . when the trade going your way you had 1 losing position and 2 winning position
  • #7,890
  • Oct 28, 2009 7:19pm Oct 28, 2009 7:19pm
Has anyone noticed if you bring up the aud:usd pair on say M15 chart and have a price overlap of the eur:usd there seems to be a fairly consistent tracking of the two, except every coupel of days the eur:usd seems to fall much faster than the aud:usd and it creates a good sell signal for the pair, as the aud:usd eventually sells down to track with the euro again?

Am i looking at this correctly?

Also are we forming the right side shoulder on the asx200 Daily chart atm?

Oh and sent u a pm Ben.
  • #7,891
  • Oct 28, 2009 7:19pm Oct 28, 2009 7:19pm
and the trade not going your way the stop hit after you add to the winning side, ok now you back to the square that is 1 short 1 long and price travel to the middle of the range , now you had both trades in losing positions , the balance should be up but the net asset value will down, what next? as the price in the middle set the limit long above that middle price every 20 or 30 pip also do the same for the short and watch, snowballing at work.

when the trend establish you will never visit that loosing position and ridind /adding the winning one
  • #7,892
  • Oct 28, 2009 7:22pm Oct 28, 2009 7:22pm
Quoting WestAus

Oh and sent u a pm Ben.
thanks ill look into it later on , i still have very good conversation with Dazers
  • #7,893
  • Oct 28, 2009 7:31pm Oct 28, 2009 7:31pm
i tested so many times for the last three years and produce very good result, the problem is im too greedy! i wish you all doing BBQ in my back yards having abeer and explain in detail this snowball synthethic theory of mine
  • #7,894
  • Oct 28, 2009 7:35pm Oct 28, 2009 7:35pm
draw the line in the sand we find the price at 0.9000 set 5 limit orders above it every 10 pips, so does the short side limit.

price move down 100 pip so... we got 5 winning trades and lost 1 trade
  • #7,895
  • Oct 28, 2009 7:37pm Oct 28, 2009 7:37pm
Thanks for the advice Ben10, I reckon its going to help!

I may make a profit out of the mess I'm in yet
  • #7,896
  • Oct 28, 2009 7:37pm Oct 28, 2009 7:37pm
ok i think i talk too much now, i'll check your pm now WestAus
  • #7,897
  • Oct 28, 2009 7:40pm Oct 28, 2009 7:40pm
Quoting ben10
draw the line in the sand we find the price at 0.9000 set 5 limit orders above it every 10 pips, so does the short side limit.

price move down 100 pip so... we got 5 winning trades and lost 1 trade
What about short squeeze, spikes, they could falsely fill all your orders only to return the other way and have a bigger loss??
  • #7,898
  • Oct 28, 2009 7:40pm Oct 28, 2009 7:40pm
Quoting pounce
Ok, .896s coming before the GDP #s. Good luck!
Hit .895 and if GDP tonight sucks, hello .8648
  • #7,899
  • Oct 28, 2009 7:42pm Oct 28, 2009 7:42pm
Quoting dazers
both longs and shorts all over the place, with no stop losses set the margins are offseting.

started off as hedging losing positions, now not sure whats the positions and whats the hedge?

I try to pick tops and bottoms, reversals. Close out the winning position and let the loosing position shrink.

Its not working very well so far though...
Are you with GO markets or with MT4 that allows hedging the same currency pair?

For records, I have closed my CMC account with a profit (to CMC markets) of 5K.

Now I aim to make it a loss (for GoMarkets) using hedging theory.
  • #7,900
  • Oct 28, 2009 7:43pm Oct 28, 2009 7:43pm
Quoting WestAus
What about short squeeze, spikes, they could falsely fill all your orders only to return the other way and have a bigger loss??
Oh i forgot you have an average stop loss for all the positions once filled right?
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