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AUD/USD

  • #10,361
  • Nov 30, 2009 10:38pm Nov 30, 2009 10:38pm
Quoting ben10
thank you very much for the info , do you know any broker thats allow buy and sell at the same time and dont have to pay the swap plus the margin also stay flat?

Hi Ben,

Gomarkets Australia offers exactly what you're after.

1c per pip and when you hedge the same lot, your margin gets squared off.
  • #10,362
  • Nov 30, 2009 10:39pm Nov 30, 2009 10:39pm
Quoting Patience
It's a funny time of year. I've been expecting some profit taking for a few weeks now so have been trading A/J more than A/U because this is the most overbought the A/U has been in respect of it's 200 MA on daily chart going back at least 9 years.

This much I know (or believe). The US$, for me, is toast long term. That doesn't mean that the AUD is going to continue to go up and up but if I wanted to get stuck with a position, I'd rather be long A/U on a dip. I trade with large stops so I don't really like to recommend trades because everybody...
Thanks for your insight
NOTHING VENTURED, NOTHING GAINED
  • #10,363
  • Nov 30, 2009 10:40pm Nov 30, 2009 10:40pm
you hit the nail on the head ..the US $ will be worthless in the not so distant future
Russia and OPEC are trying to stop using the us$ as the standard on which oil is bought and sold....they have the means and the leadership at present in the US is burdenend with generations of indiscretions it was not just the past few administrations, I would say when we wnet off the gold standard things started to change for the worse
  • #10,364
  • Nov 30, 2009 10:41pm Nov 30, 2009 10:41pm
PPL THAT R WATCHIN THIS FORUM
i would like to invite all the ppl that r only monitoring this forum to sign up and take a participation in this very helpfull forum and share our conversation and knowledge with each other ,, i have seen a lot of new members joining and me myself was one of the watchers before i join but been a part of the convo is a bigger experience ,, so common guys ,, join up
  • #10,365
  • Nov 30, 2009 10:47pm Nov 30, 2009 10:47pm
Here is what I see at AUDJPY , trend is down as far as R at 80.58 holds,
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.gif Size: 15 KB
  • #10,366
  • Nov 30, 2009 10:51pm Nov 30, 2009 10:51pm
Puks, did you close your short Cable or you still have it?
  • #10,367
  • Nov 30, 2009 10:52pm Nov 30, 2009 10:52pm
in my ideal world which many would refer to as fantasy land, aud will drop till around 8900 only to bounce back up to new highs of 9500

NOTHING VENTURED, NOTHING GAINED
  • #10,368
  • Nov 30, 2009 10:53pm Nov 30, 2009 10:53pm
Quoting Mckal41
you hit the nail on the head ..the US $ will be worthless in the not so distant future
Russia and OPEC are trying to stop using the us$ as the standard on which oil is bought and sold....they have the means and the leadership at present in the US is burdenend with generations of indiscretions it was not just the past few administrations, I would say when we wnet off the gold standard things started to change for the worse
Sounds like all I heard in July 08 all over again.

USD has a lot of problems which everyone is aware of but they somehow suffer collective amnesia when it comes to the problems with the rest of the world currencies?

If there is a continued systemic banking crisis out of Eastern Europe, which currency will get bought?
Do you think the British counterparts to their European neighbours will fare any better?
How will Japan handle their current huge debt ratio? With Japanese export companies getting crucified by the day with USD/JPY below 90 and EUR/JPY below 130 (the real trouble threshholds being 85 and 125 respectively) who is generating any productivity in Japan right now?
What would happen if China floated the Yuan?
How will hard export countries like Canada, Australia, Brazil, etc continue to make money if their currency is continuously bid? Look at a chart of gold, coal, wheat priced in AUD crude oil in CAD or corn in BRR. Do you think exporters in this country have benefit 1 single iota from the commodity rally since March lows? No, speculative currency bids (largely based on carry rates) wiped out any possible export gains and in some cases damaged profits further.

To say USD is toast is a complete misnomer, what you are trying to say is "all fiat currency is toast" I might agree with that, if you just say USD is toast I completely and utterly disagree as it is a matter of which currency "is the most toast" and USD is so far down on the list as you can see from the above questions...as the old saying goes "if someone owes you $1000000 they are in trouble if someone owes you $10000000000000000 then YOU are in trouble). Just like the last time there was a sustained currency and debt liquidity crisis (the 70s) JPY, USD, XAU and XAG will be the last currencies standing when everyone is hungry and poor.
  • #10,369
  • Nov 30, 2009 10:54pm Nov 30, 2009 10:54pm
Quoting franco73
it would almost seem that the rba decision has had a greater impact on nzd then it has on aud??
Could be the market perceives the NZ to be next in line for a rate hike Franco......
  • #10,370
  • Nov 30, 2009 11:00pm Nov 30, 2009 11:00pm
amazing how we feed the world and have to borrow to do it
  • #10,371
  • Nov 30, 2009 11:04pm Nov 30, 2009 11:04pm
I will add some shorts back into the pile here, nothing major, just to keep the ball rolling until we break out of yesterdays range.
Attached Image
  • #10,372
  • Nov 30, 2009 11:10pm Nov 30, 2009 11:10pm
Quoting siboy
Could be the market perceives the NZ to be next in line for a rate hike Franco......

interesting thought, thanks
NOTHING VENTURED, NOTHING GAINED
  • #10,373
  • Nov 30, 2009 11:11pm Nov 30, 2009 11:11pm
some trades asked how the TSR works, here are the example at 15min charts
Attached Image (click to enlarge)
Click to Enlarge Name: audusd15.gif Size: 15 KB
  • #10,374
  • Nov 30, 2009 11:13pm Nov 30, 2009 11:13pm
Quoting sinner-
I will add some shorts back into the pile here, nothing major, just to keep the ball rolling until we break out of yesterdays range.
That was quick. I've been taking chunks out of the market in 10 pip lots all day, move stops to BE + spread to lock losses out. Adding sell stops at 9105 with 30 pip SL.
  • #10,375
  • Nov 30, 2009 11:13pm Nov 30, 2009 11:13pm
Quoting shahab8b
some trades asked how the TSR works, here are the example at 15min charts
i use trend magic is it similar?
NOTHING VENTURED, NOTHING GAINED
  • #10,376
  • Nov 30, 2009 11:15pm Nov 30, 2009 11:15pm
Quoting franco73
i use trend magic is it similar?
Do you use MT4? if you can share you indicator here ,
  • #10,377
  • Nov 30, 2009 11:17pm Nov 30, 2009 11:17pm
its looks like it will head down to close the GAP
  • #10,378
  • Nov 30, 2009 11:18pm Nov 30, 2009 11:18pm
Quoting shahab8b
Do you use MT4? if you can share you indicator here ,
http://www.forexfactory.com/showpost...6&postcount=40

"Trendmagic is dead simple. It just calculates a (by default) 50-bar CCI and looks to see if it is above/below zero. Then it adds or subtracts a (by default) 5-bar ATR. That's all!! But it works really well."
  • #10,379
  • Nov 30, 2009 11:19pm Nov 30, 2009 11:19pm
is anyone is short out there ,like me, I suggest to add to shorts if the S at ,9100 clearly taken out
Attached Image (click to enlarge)
Click to Enlarge Name: audusd16.gif Size: 13 KB
  • #10,380
  • Nov 30, 2009 11:19pm Nov 30, 2009 11:19pm
Quoting shahab8b
Do you use MT4? if you can share you indicator here ,
yes i use mt4, ill try to post it, ive never done that ill give it a go
Attached File(s)
File Type: ex4 Trend Magic.ex4   3 KB | 202 downloads
File Type: mq4 Trend Magic.mq4   2 KB | 232 downloads
NOTHING VENTURED, NOTHING GAINED
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