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System 2 (AUD trading)

  • #181
  • Nov 20, 2009 1:15am Nov 20, 2009 1:15am
Another very good Asian session for the AUD today folks. Hope you all caught a few.
Leonardo Follower
  • #182
  • Nov 22, 2009 4:25pm Nov 22, 2009 4:25pm
Morning folks. Just a quick note to remind the rest of you AUD tragics that it's a bank holiday in Japan today and to be extra nimble.
Leonardo Follower
  • #183
  • Nov 22, 2009 4:34pm Nov 22, 2009 4:34pm
hey guys il try trading the a/u today,
what are your thoughts on this pair for those who have tried it out for awhile now?
  • #184
  • Nov 22, 2009 5:22pm Nov 22, 2009 5:22pm
Quoting potato
hey guys il try trading the a/u today,
what are your thoughts on this pair for those who have tried it out for awhile now?
Hi Potato, normally it's a smooth mover which can make trading it easier on your psych. You do need to (IMO) lower your expectations in terms of pips lost and won however as it does not have the range that the Euro has.
Leonardo Follower
  • #185
  • Nov 22, 2009 5:33pm Nov 22, 2009 5:33pm
If anyone else getting higher spreads this morning? I'm consistently getting 3 pips, or higher.
testing the market
  • #186
  • Edited 6:20pm Nov 22, 2009 6:18pm | Edited 6:20pm
Quoting John888
If anyone else getting higher spreads this morning? I'm consistently getting 3 pips, or higher.
Hi John - on most platforms you will and it's a direct result of lower than normal liquidity slash volume today. On my setup it's not that much different however, so it does depend on your broker.
Leonardo Follower
  • #187
  • Nov 22, 2009 6:50pm Nov 22, 2009 6:50pm
long at .9184, not looking too good atm
  • #188
  • Nov 22, 2009 7:03pm Nov 22, 2009 7:03pm
out -7, short at .9162....long maybe at .9194??
  • #189
  • Nov 22, 2009 7:28pm Nov 22, 2009 7:28pm
Potatoe,

I have just completed two weeks worth of backtesting, while this is no where near complete the intrim results are that AUD is very whippy, and so far the runners are rare.

I wont post the results yet, I will post montly backtesting results as I finish them. However I am still forward testing it

My trade from today so far.

Quoting potato
hey guys il try trading the a/u today,
what are your thoughts on this pair for those who have tried it out for awhile now?
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.png Size: 54 KB
Survive and Preserve
  • #190
  • Nov 22, 2009 7:29pm Nov 22, 2009 7:29pm
The nice thing about backtesting aud is adjusting my expectation on the pair. Its an odd one, but certainly can make money off it, so far the two weeks netted 20% return(btw, EUR can return this in a week using this method so that is how whippy and slow AUD can be) I want to see what the results are month in month out to get an average.



Quoting en0x
Potatoe,

I have just completed two weeks worth of backtesting, while this is no where near complete the intrim results are that AUD is very whippy, and so far the runners are rare.

I wont post the results yet, I will post montly backtesting results as I finish them. However I am still forward testing it

My trade from today so far.
Survive and Preserve
  • #191
  • Nov 22, 2009 7:44pm Nov 22, 2009 7:44pm
Quoting en0x
The nice thing about backtesting aud is adjusting my expectation on the pair. Its an odd one, but certainly can make money off it, so far the two weeks netted 20% return(btw, EUR can return this in a week using this method so that is how whippy and slow AUD can be) I want to see what the results are month in month out to get an average.
Have you reduced your stop size (and therefore increased your load) en0x? This will of course change your % return.....
Leonardo Follower
  • #192
  • Nov 22, 2009 7:53pm Nov 22, 2009 7:53pm
Its a doubled edged sword, reducing your stops to basically a random number with no meaning(stops not outside heat) then you will get stopped more often...

No, also what I have been doing in the test is testing another target method. Will explain when i post the results of the targetted method and the full chase the runner method(so I can compare them myself)



Quoting shodd
Have you reduced your stop size (and therefore increased your load) en0x? This will of course change your % return.....
Survive and Preserve
  • #193
  • Nov 22, 2009 7:54pm Nov 22, 2009 7:54pm
Being delt a fake out here,

Long from 81.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.png Size: 47 KB
Survive and Preserve
  • #194
  • Nov 22, 2009 8:04pm Nov 22, 2009 8:04pm
yeh i was planning to trade the a/u today, but ive watched it for a few days and realised that it moves quite similarly to the e/u.
so instead ive traded the e/u.
but itll be interesting to see how u guys go in a few more months. il keep watchin this thread
  • #195
  • Nov 22, 2009 8:05pm Nov 22, 2009 8:05pm
Stalling at 9190
Quoting en0x
Being delt a fake out here,

Long from 81.
Survive and Preserve
  • #196
  • Nov 22, 2009 8:08pm Nov 22, 2009 8:08pm
Closed it +5(ytes, its going up, poor call by myself but tough, I am out)




3 trades today
-8 (this was atrade that wasnt supposed to be, pressed market order intead of limit order... dont trade when you doing 10 other things)
+27
+5
Now to get back to work, might not post for a little while, very busy at work.

Potatoe go for it sir , EUR is the rocking pair, especially Ldn and NYc, you will make a killing if you can trade those two sessions.


Quoting en0x
Stalling at 9190
Survive and Preserve
  • #197
  • Nov 22, 2009 8:21pm Nov 22, 2009 8:21pm
too cautious there En0x , tsk tsk tsk

anyways hope you are still riding it, good to at least the psych 00 level.
[quote=en0x;3252284]Closed it +5(ytes, its going up, poor call by myself but tough, I am out)
Survive and Preserve
  • #198
  • Nov 22, 2009 8:36pm Nov 22, 2009 8:36pm
Quoting en0x
Its a doubled edged sword, reducing your stops to basically a random number with no meaning(stops not outside heat) then you will get stopped more often...
There shouldn't be anything random about it. I've said before that the AUD moves approx 65-75% of the Euro. Below is an example (my 2nd trade for the day) - 16 pip risk on this one.....
Attached Image
Leonardo Follower
  • #199
  • Nov 22, 2009 8:40pm Nov 22, 2009 8:40pm
Shodd, are you adding spread +3 on your price?

16 pips = 20 pips for me, not sure how I am going to lessen this...

my position size is based on a median of 20 pips for hard stop. I dont ever hard set it but some trades are riskier (greater then 20 pips) and some are less.

AUD is an expensive pair for me on Oanda.

BTW, I am not questioning you , just trying to figure out how you are making the SL less because I dont see how this is possible.




Quoting shodd
There shouldn't be anything random about it. I've said before that the AUD moves approx 65-75% of the Euro. Below is an example (my 2nd trade for the day) - 16 pip risk on this one.....
Survive and Preserve
  • #200
  • Nov 22, 2009 8:48pm Nov 22, 2009 8:48pm
Quoting en0x
Shodd, are you adding spread +3 on your price?

16 pips = 20 pips for me, not sure how I am going to lessen this...

my position size is based on a median of 20 pips for hard stop. I dont ever hard set it but some trades are riskier (greater then 20 pips) and some are less.

AUD is an expensive pair for me on Oanda.

BTW, I am not questioning you , just trying to figure out how you are making the SL less because I dont see how this is possible.
I see how I have confused you now sorry mate. My spread on the aussie is usually around 1-2. In the example I gave my max risk was 16 pips including spread, so again sorry for the confusion.
Leonardo Follower
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