AUD/USD | Page 681 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply

The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies

AUD Trade Balance and AUD Retail sales 6 replies

Attachments: AUD/USD
Exit Attachments

AUD/USD

  • #13,601
  • Jan 15, 2010 12:20am Jan 15, 2010 12:20am
Quoting sinner-
Also I don't mind paying a 1-2 pip spread on EURUSD in the middle of the news when everyone elses brokers have shut down or charging a 50 pip spread (Oanda and Gomarkets, I'm looking at you).
Oh, yeah, I forgot to add in my glowing review of Oanda that the spreads do widen during news times but as I generally don't trade news or have tight stops, this doesn't affect me. Not sure how that aspect plays out with other traders.
Nothing worth having is easy.
  • #13,602
  • Jan 15, 2010 12:21am Jan 15, 2010 12:21am
I'd think, below .9254 should open the flood gates
  • #13,603
  • Jan 15, 2010 12:23am Jan 15, 2010 12:23am
0.93 is presenting some resistance but the whole thing looks just like another shakeout, the kind we had on tuesday night. I'm currently A/P 0.90 waiting for AUD to go higher so I can average up. Honestly no idea how the day game works I'm looking at 3 month target of 0.77, everyone I know thinks I'm nuts but when the unwinding starts it will be a case of 'blink & miss it'.

You fellas have an estimate for top? I'm thinking 0.95 given current trend but if rates go up at the next meeting it'll go 0.97 easy.
  • #13,604
  • Jan 15, 2010 12:23am Jan 15, 2010 12:23am
Quoting puks
I couldn't agree more about CMC markets. They are the worst. I was with them in Australia and dont have anything positive to say about them.

For newbies, visit www.forexpeacearmy.com and read broker review beofre putting your money with them,

For my selection, I ususally look if the broker has an Australian Business Number, are ASIC registered and have AFSL licence.

In Australia, IGmarkets, FXCM Australia, Gomarkets, etc are good brokers.

Cheers
Hi Puks,
What do you think about GFT then? Are they good? Any references from any friends?
Cheers.
  • #13,605
  • Jan 15, 2010 12:24am Jan 15, 2010 12:24am
Quoting Clouds
I'd think, below .9254 should open the flood gates
No offense but what is the use of a prediction on smalls? No-one could possibly expect to be that accurate.
  • #13,606
  • Jan 15, 2010 12:25am Jan 15, 2010 12:25am
Only a matter of time now before AUD shorts are secure.


Nzd/usd
Attached Image

aud/usd
Attached Image
  • #13,607
  • Jan 15, 2010 12:26am Jan 15, 2010 12:26am
Quoting Patience
Oh, yeah, I forgot to add in my glowing review of Oanda that the spreads do widen during news times but as I generally don't trade news or have tight stops, this doesn't affect me. Not sure how that aspect plays out with other traders.
Hi Patience,

It is just a decision that each trader will have to come to him or herself. Do you want a fixed spread contract and still be paying 2-3 pips on G/U when HSBC or Lloyds is pumping the London open and your buddy using Oanda is paying 0.5 pips? Do you want to be paying 6-10 pips on G/U (and more on exotic pairs) during the NZ open on Oanda when IG could give you 3?

Both has an advantage and a disadvantage. Gomarkets flip-flopped between the two for a while but now they are an STP/Currenex shop so the spreads are variable (although I do know from their own admission they tack on a 0.5 pip markup to all spreads so at best you'll get a spread of 1 on most pairs from them).

Please note: spreads on IG do narrow during liquidity, but definitely not as much as say, Oanda or MB trading can provide.

GBP/SEK usually has a spread of 100 but narrows to 60 during London liquidity, GBP/JPY from 8 to 6, GBP/CHF the same, etc.
  • #13,608
  • Jan 15, 2010 12:29am Jan 15, 2010 12:29am
Recent price spike on AUDUSD may be due to CBA declaring a profit upgrade. FH up 44% YoY.
  • #13,609
  • Jan 15, 2010 12:36am Jan 15, 2010 12:36am
Quoting Daytrader74
Hi Ronin77,

Its not nice to call my friend shoeysfish idiot.
Hey Daytrader74,

Oh he came back did he? Its a pity, things were all going quite well till he returned, I wonder who is the problem??

Thanks DT74 for the support, He's not even worth responding to as far as I am concerned.

How you sitting with your trades?
  • #13,610
  • Jan 15, 2010 12:37am Jan 15, 2010 12:37am
Quoting sinner-
It is just a decision that each trader will have to come to him or herself.
Absolutely. The fact that the spreads widen on Oanda is so not an issue for me that it didn't even cross my mind but this could be the straw that breaks another trader's back when it comes to tight stops and news trading etc. Very good point.
Nothing worth having is easy.
  • #13,611
  • Jan 15, 2010 12:42am Jan 15, 2010 12:42am
Quoting shoeysfish
Hey Daytrader74,

Oh he came back did he? Its a pity, things were all going quite well till he returned, I wonder who is the problem??

Thanks DT74 for the support, He's not even worth responding to as far as I am concerned.

How you sitting with your trades?
Yeah your right anyways, I'm still short and in the spike a little bit back it just missed my SL @0.9290 by just 1 pip so I'm still looking forward to 0.9190
  • #13,612
  • Jan 15, 2010 12:44am Jan 15, 2010 12:44am
Quoting Squarepants
Recent price spike on AUDUSD may be due to CBA declaring a profit upgrade. FH up 44% YoY.

And might also chime in about JP Morgan reporting before US open today.
  • #13,613
  • Jan 15, 2010 12:48am Jan 15, 2010 12:48am
Quoting GoldenGold
Hi Puks,
What do you think about GFT then? Are they good? Any references from any friends?
Cheers.
I just checked some review comments on http://www.forexpeacearmy.com
Seems like none of the brokers are good! LOL. Or those people were just too picky/negative???
  • #13,614
  • Jan 15, 2010 12:48am Jan 15, 2010 12:48am
Quoting Daytrader74
Yeah your right anyways, I'm still short and in the spike a little bit back it just missed my SL @0.9290 by just 1 pip so I'm still looking forward to 0.9190
Your SL is too tight. IMO
  • #13,615
  • Jan 15, 2010 12:51am Jan 15, 2010 12:51am
Quoting crak0
And might also chime in about JP Morgan reporting before US open today.
Reason for today's downward drift? Could be.. JP is a big company.
  • #13,616
  • Jan 15, 2010 12:52am Jan 15, 2010 12:52am
Quoting GoldenGold
I just checked some review comments on http://www.forexpeacearmy.com
Seems like none of the brokers are good! LOL. Or those people were just too picky/negative???
I really hate that website, it is the place where people go to complain after they have blown their accounts up.

The advice specified before was tops for Aussie traders: look for brokers with ASIC/AFSL cert + a good capital base and tight spreads. thebull.com.au recently ran a competition for the top 10 brokers or whatever. Check it out.
  • #13,617
  • Jan 15, 2010 1:06am Jan 15, 2010 1:06am
EUR/AUD looks juicy right above the 1.55 handle
  • #13,618
  • Jan 15, 2010 1:15am Jan 15, 2010 1:15am
Quoting Clouds
Your SL is too tight. IMO
Where do you think it should be ?
  • #13,619
  • Jan 15, 2010 1:20am Jan 15, 2010 1:20am
Quoting Daytrader74
Where do you think it should be ?
9320 or 9340
  • #13,620
  • Jan 15, 2010 1:23am Jan 15, 2010 1:23am
Quoting Clouds
9320 or 9340
cool thanks if it goes back above 0.9285 i will change SL to 0.9335
304 traders viewing now