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AUD/USD

  • #8,041
  • Oct 29, 2009 5:30pm Oct 29, 2009 5:30pm
Goldman Sachs came out today with a report stating that investors should buy the Aussie dollar against the US dollar up to 95 US cents. They say to cover at 87.50 US cents. “With the robust GDP numbers out of the US, we think the backdrop could be supportive for risky assets in general in the short term.” The Aussie dollar was up today to 91.68 US cents.
  • #8,042
  • Oct 29, 2009 6:17pm Oct 29, 2009 6:17pm
Good Morning all, wishing all a good piping day...
Find a job that you love and you dont have to work again in your life.
  • #8,043
  • Oct 29, 2009 6:37pm Oct 29, 2009 6:37pm
Good morning
Guys, what happens to the Aussie?
Future Index went ballistic while Aud is sitting duck
  • #8,044
  • Oct 29, 2009 7:06pm Oct 29, 2009 7:06pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting thadakman
Do you play a lot of other pairs or just focus on AUD? Usually, I do great on AUD and NZD but end up getting into other pairs and end up losing some good profits... I may only do AUD and NZD from now on.

AUD/USD suits me most … don’t mind NZD/USD but its 5 pips spread in CMC which I am in the

EUR/USD is my another favourite one … and occasionally USD/JPY ...

I hate GBP/USD ... she always make me cry … so i stop dating her ...
  • #8,045
  • Oct 29, 2009 7:14pm Oct 29, 2009 7:14pm
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 !
Hi ben,

I have closed my account with CMC markets with the loss of 5K and now opened an account with GoMarkets Australia who allows the hedging the same currency pair.

Can you please explain me in detail how your hedging strategy works?

thanks

G-Man :--

Hey mate, I find Gomarkets much better and I just realized that had I not stayed with CMC markets my 5K loss could well have been in profit as I would not have had to fight the trend, instead trade the trend by hedging.

cheers
  • #8,046
  • Oct 29, 2009 7:19pm Oct 29, 2009 7:19pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting G_Man
9180 is solid and almost unbreakable ...
limit short hit and just TP at 9140
  • #8,047
  • Oct 29, 2009 7:37pm Oct 29, 2009 7:37pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting puks
G-Man :--

Hey mate, I find Gomarkets much better and I just realized that had I not stayed with CMC markets my 5K loss could well have been in profit as I would not have had to fight the trend, instead trade the trend by hedging.

cheers
do they support BlackBerry?
  • #8,048
  • Oct 29, 2009 7:51pm Oct 29, 2009 7:51pm
Quoting G_Man
do they support BlackBerry?
They support smart phone they reckon but you can always ring them and ask if they support Blackberry.

I have Iphone and they dont support Iphone directly eventhough I can trade using Iphone through a third party provider, I'd have to pay $60 a month.

I have however decided NOT to place any trade from the office.

All the major losses I incurred were from the trades initiated from the office w/o looking at charts and then got carried away in emotions.

5K loss - salary of 1 month.
  • #8,049
  • Oct 29, 2009 8:04pm Oct 29, 2009 8:04pm
Quoting puks
Hi ben,

I have closed my account with CMC markets with the loss of 5K and now opened an account with GoMarkets Australia who allows the hedging the same currency pair.

Can you please explain me in detail how your hedging strategy works?

thanks

G-Man :--

Hey mate, I find Gomarkets much better and I just realized that had I not stayed with CMC markets my 5K loss could well have been in profit as I would not have had to fight the trend, instead trade the trend by hedging.

cheers
sure buddy, i had good discussion last nite with Vinesh and try to get him out of the mess. this time i hope you play carfullly not to blow another 4 or 5k.

ok play the smallest amount your broker allowed and buy and sell of 1 trade each, so you got 1 long and 1 short. we start from here and watch!
  • #8,050
  • Oct 29, 2009 8:08pm Oct 29, 2009 8:08pm
Quoting shahab8b
IMO , there are two possibilities,
1- According to what I see in the chart (the impulse wave from .8945), a new high is doable in near future
2- if the pair gets some resistance form 4hour EMA 55, and the 50% fib level of the previous downside move, and S turns R in .9185
we will have a thrid wave as an three waves decline from the top, means we will see a drop to .87750 100% projection and AB=CD ,
thanks for the chart and analyisis Shahab8b
  • #8,051
  • Oct 29, 2009 8:10pm Oct 29, 2009 8:10pm
compression at work and move below 9100 will add 1 makeup x 2

http://img03.imagefra.me/img/img03/2...fm_2c8dd8b.png
  • #8,052
  • Oct 29, 2009 8:13pm Oct 29, 2009 8:13pm
move stop below the position or set limit long for the kiwi above 7340 and add /attack the winner
  • #8,053
  • Oct 29, 2009 8:14pm Oct 29, 2009 8:14pm
snow balling strategy waiting for the move, any significant news today from japanese session?
  • #8,054
  • Oct 29, 2009 8:36pm Oct 29, 2009 8:36pm
for aussie trader/s there trading and investment expo this friday 30 - saturday 31 oct 2009

http://www.tradingandinvestingexpo.com.au/home/sydney
  • #8,055
  • Oct 29, 2009 8:45pm Oct 29, 2009 8:45pm
I think it's headed up in the near future.


Quoting Tiger21
Goldman Sachs came out today with a report stating that investors should buy the Aussie dollar against the US dollar up to 95 US cents. They say to cover at 87.50 US cents. “With the robust GDP numbers out of the US, we think the backdrop could be supportive for risky assets in general in the short term.” The Aussie dollar was up today to 91.68 US cents.
  • #8,056
  • Oct 29, 2009 9:13pm Oct 29, 2009 9:13pm
Quoting puks
Hi ben,
Can you please explain me in detail how your hedging strategy works?
thanks
Hi puks this one of the example:

price now around 9150 make that the starting point.
now set limit buy/long orders at 92,93,94,95 and 96
and set limi sell/short orders at 91,89,88.87 and 86

if the price range for the whole year and price hit all your orders you got long 5 trades or average at 0.9400 x5. and 5 trades short or 0.8800 x5

but if the price trending from that point(9150) and only 1 side of the orders got fill you got jackpot.

what happen when you are in profit? you may at anorther x5 and that made up 10 put the stop at breakevent point or some gain, if the price continue in your pavour you are pipping x 10 every pip and so on.

thats the basic concept but when you are started familiar with it i/ll explain how to hedge it and play with the markets money(profit money).
  • #8,057
  • Oct 29, 2009 9:21pm Oct 29, 2009 9:21pm
so guys please spot me the weakness of this strategy in various scenerio so i too can learn and hopefully can make it better and keep the positivity flow.

my experience! when i see compression before the big news i set every 5 pip up to 100 pips in range as i expect the price will explode when the breakout occurred and out immedeatly fast, pocketing the gain
  • #8,058
  • Oct 29, 2009 9:35pm Oct 29, 2009 9:35pm
Hi

I'm new to this forum and just learning to trade. Any advice for a new beginner?

Should I long or short for Aussie now since it's in the 0.9140 - 0.9150?

Do you foresee next week RBA increase 0.25% cash rate will push the price up or down?

Thank you
  • #8,059
  • Oct 29, 2009 9:40pm Oct 29, 2009 9:40pm
the japanese session is so slow at the moment, on my 3 hour chart using multiple moving average indicator found the round number resistance at 9200 is still hold, 9150 resistance penetrated but not through yet.

nursing the chart down to 5 minute i found the compression with price tendency trading lower and resistance at 9180. with the kiwi exhibit similar formation with resistance at 7370 and my limit buy/long order at 7350

im out of here and see you all tonite, Ciao!
  • #8,060
  • Oct 29, 2009 10:05pm Oct 29, 2009 10:05pm
Quoting ben10
Hi puks this one of the example:

price now around 9150 make that the starting point.
now set limit buy/long orders at 92,93,94,95 and 96
and set limi sell/short orders at 91,89,88.87 and 86

if the price range for the whole year and price hit all your orders you got long 5 trades or average at 0.9400 x5. and 5 trades short or 0.8800 x5

but if the price trending from that point(9150) and only 1 side of the orders got fill you got jackpot.

what happen when you are in profit? you may at anorther x5 and that made up 10 put the stop at breakevent...
Hi Ben,

This explains quite well. Thanks very much. I will try using this strategy ihn my demo account and see how it goes.

Thanks
puks
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