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AUD/USD

  • #7,981
  • Oct 29, 2009 9:00am Oct 29, 2009 9:00am
here we go compression on 1 minute chart ready to move, either way attack the kiwi or the aussie
  • #7,982
  • Oct 29, 2009 9:03am Oct 29, 2009 9:03am
aussie 9100 resistance penetrated and will attack the kiwi above 7300
  • #7,983
  • Oct 29, 2009 9:10am Oct 29, 2009 9:10am
follow your chart hedge it if you not sure and adding to the winner , should know what the hedge is and how you use it

http://img03.imagefra.me/img/img03/2...am_43c2217.png
  • #7,984
  • Oct 29, 2009 9:20am Oct 29, 2009 9:20am
Quoting ben10
where is the move ? i guess 9250-8950 for next week range, any ideas guys?
If the Dow and S&P can stay propped up and break 10,000 again AUD has the chance for all new highs this year! I kinda see next week being more rangebound, 0.8950-0.9250 like you said. The low could likely be in for now if the DOW doesn't end up selling off today or tomorrow.

The AUD rate statement on Monday should determine our direction though.
  • #7,985
  • Oct 29, 2009 9:21am Oct 29, 2009 9:21am
plan the attack for the aussie below 9100 just in case, make sure enough margin and control the exposure
  • #7,986
  • Oct 29, 2009 9:23am Oct 29, 2009 9:23am
1057/1058 is the major trendline on the S&P that was broken yesterday; if we can get back above and close above it, then the risk trade should be back on... meaning long AUD.

I'm keeping a stop on my longs at 0.9020 here (slightly below that dip before the GDP numbers were released).

Wow, AUD just popped!
  • #7,987
  • Oct 29, 2009 9:24am Oct 29, 2009 9:24am
Quoting thadakman
If the Dow and S&P can stay propped up and break 10,000 again AUD has the chance for all new highs this year! I kinda see next week being more rangebound, 0.8950-0.9250 like you said. The low could likely be in for now if the DOW doesn't end up selling off today or tomorrow.

The AUD rate statement on Monday should determine our direction though.
thank you Thadakman, are you trades both leg short and long in the same pair?
  • #7,988
  • Oct 29, 2009 9:26am Oct 29, 2009 9:26am
there you go kiwi is pipping x 3 and get ready to add another 3 and it will make up 6
  • #7,989
  • Oct 29, 2009 9:28am Oct 29, 2009 9:28am
Quoting ben10
thank you Thadakman, are you trades both leg short and long in the same pair?
U mean hedging? I was short NZD and long AUD b/c I can't hedge in my account... ended up closing my NZD short too early but made some decent profits... my AUD longs are in profit too now, as I added twice to my position yesterday.

Kinda feel like being greedy and waiting for all new highs in AUD but I think I need to take some off the table soon and plan to buy back in on dips if we get any.
  • #7,990
  • Oct 29, 2009 9:33am Oct 29, 2009 9:33am
but ... put stop first at 7300 to protect the gain , for those still play both leg long and short at the same pair just ask me i never let you down for the world to see !
  • #7,991
  • Oct 29, 2009 9:40am Oct 29, 2009 9:40am
0.9139 is the 100 hour MA for AUD right now and is capping gains... setting my stop at 0.9100 now and walking away... good luck everyone.
  • #7,992
  • Oct 29, 2009 9:43am Oct 29, 2009 9:43am
Quoting cacus
Hi guys, i'm new in the thread...
Nasty movement uh?...
the worst part is that i was going short on this..
I really don't know what to do...
wel come Cacus! tell me where you short i mean what price?
  • #7,993
  • Oct 29, 2009 9:43am Oct 29, 2009 9:43am
Quoting ben10
but ... put stop first at 7300 to protect the gain , for those still play both leg long and short at the same pair just ask me i never let you down for the world to see !
I just opened a practice account with a UK broker and will likely fund it next week so I can start to hedge the same pair... been working on, backtesting and paper trading a certain hedging strategy lately that I came up with and it's been awesome, even this week that trended hard... it'll work much better in a range bound market but I've got certain rules to limit my risk in trends... can't wait to try it out!
  • #7,994
  • Oct 29, 2009 9:44am Oct 29, 2009 9:44am
Quoting thadakman
0.9139 is the 100 hour MA for AUD right now and is capping gains... setting my stop at 0.9100 now and walking away... good luck everyone.
good on you mate goodluck to you too buddy
  • #7,995
  • Oct 29, 2009 9:44am Oct 29, 2009 9:44am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
9180 is solid and almost unbreakable ...
  • #7,996
  • Oct 29, 2009 9:45am Oct 29, 2009 9:45am
Quoting thadakman
I just opened a practice account with a UK broker and will likely fund it next week so I can start to hedge the same pair... been working on, backtesting and paper trading a certain hedging strategy lately that I came up with and it's been awesome, even this week that trended hard... it'll work much better in a range bound market but I've got certain rules to limit my risk in trends... can't wait to try it out!
my skill is getting better and better and im looking forward to this healthy discussion
  • #7,997
  • Oct 29, 2009 9:46am Oct 29, 2009 9:46am
Quoting G_Man
9180 is solid and almost unbreakable ...
Still holding those longs G Man? Working out great so far! I added more long this morning at 0.9080 (after good GDP numbers) dumped part of my position at 0.9130 and now have the stop set for the rest at 0.9100... sky's the limit for the upside if we can crack that 0.9180.
  • #7,998
  • Oct 29, 2009 9:47am Oct 29, 2009 9:47am
Quoting G_Man
9180 is solid and almost unbreakable ...
yap my kiwi 7300 stop nearly hit
  • #7,999
  • Oct 29, 2009 9:48am Oct 29, 2009 9:48am
Quoting ben10
my skill is getting better and better and im looking forward to this healthy discussion
Yeah, my hedging strategy will differ from yours as it's not based on scalping... but I'm sure we can both learn a lot from eachother by sharing tips and techniques.
  • #8,000
  • Oct 29, 2009 9:52am Oct 29, 2009 9:52am
longterm group moving average on hourly chart (mine) was penetrated and clear above 9100 so we could see the trend reversal is developing , so for those who long stay with the plan ! me ... i attack the twin aka kiwi
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