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AUD/USD

  • #18,821
  • Mar 10, 2010 10:56pm Mar 10, 2010 10:56pm
Quoting Tuner
Hey Kourtney!

I got 2.4 on AUD and 5.2 !! on GPBJPY with FxPro
My AlpariUK account got 2.8 on AUD and 5.4 on GBPJPY
(at the moment)
your 2.5 on GBPJPY sounds good!
Probably depends on your accounts size. If Kourtney is running a half mil account, then he can demand spread discounts. Average spread is around 2-3 for AUD. I am debating Spreads with my FCM right now.
  • #18,822
  • Mar 10, 2010 10:59pm Mar 10, 2010 10:59pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Clouds
Question is , once in profit, do u have the patience to hold this trade till it bottoms?
Well.. got me! Usually I don't have it...Mostly prefer to cash in my green pips when I see a clear bounce of some line (that I expect to be a bigger one)

But when I am asleep or at work in the office I have no problem to hold my trades
means: No possibility to close it anyway
"Blue Horseshoe loves Anacott Steel!"
  • #18,823
  • Mar 10, 2010 11:01pm Mar 10, 2010 11:01pm
Dont know if you saw my reply to your post earlier. I'm absofrigginloutley gonna take a look on your recommendation! You also said you had some book recommendations and I'd sure be obliged if you let me know!

Thanks,

Quoting Saxon
Probably depends on your accounts size. If Kourtney is running a half mil account, then he can demand spread discounts. Average spread is around 2-3 for AUD. I am debating Spreads with my FCM right now.
Annoying Precision
  • #18,824
  • Mar 10, 2010 11:03pm Mar 10, 2010 11:03pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Saxon
Probably depends on your accounts size. If Kourtney is running a half mil account, then he can demand spread discounts. Average spread is around 2-3 for AUD. I am debating Spreads with my FCM right now.
right.. forgot I am with some "big fishes" in here
Maybe one day I can do that as well... or be forced back to a micro-account . hehe
"Blue Horseshoe loves Anacott Steel!"
  • #18,825
  • Mar 10, 2010 11:04pm Mar 10, 2010 11:04pm
Quoting Tuner
Well.. got me! Usually I don't have it...Mostly prefer to cash in my green pips when I see a clear bounce of some line (that I expect to be a bigger one)

But when I am asleep or at work in the office I have no problem to hold my trades
means: No possibility to close it anyway
Im gonna hold it until it looks unfavorable to hold. We'll see how long that is.... That would first mean a down trend must start.
  • #18,826
  • Mar 10, 2010 11:07pm Mar 10, 2010 11:07pm
Quote
Have you notice what is happening with audnzd? Is going like a racket. I would like to go short. Any suggestion?

DON'T.......

It's just this week broken some serious old resistance levels, has been back to test them yesterday, and is now resuming the uptrend IMO. DYOR
  • #18,827
  • Mar 10, 2010 11:12pm Mar 10, 2010 11:12pm
Thats what I wanna hear
Quoting Clouds
That would first mean a down trend must start.
Annoying Precision
  • #18,828
  • Edited 11:29pm Mar 10, 2010 11:14pm | Edited 11:29pm
Quoting erikte279
Dont know if you saw my reply to your post earlier. I'm absofrigginloutley gonna take a look on your recommendation! You also said you had some book recommendations and I'd sure be obliged if you let me know!

Thanks,
Oh ya, the thread keeps getting pushed along so I didn't get a chance to see your reply. Ya, look into P&F charting. It is pretty fun to do in low PA markets when you get bored. It helps you spot a lot of things you would miss on a time-series chart. I guess some good places to get started on P&F is to web search it and get a foundation, then here are some good books to look at too:

http://www.amazon.com/Definitive-Gui...8291398&sr=1-2

http://www.amazon.com/Point-Figure-C.../dp/047111961X


Du Plesiss's book is hard to find, but the best. Also, don't buy any software or anything like that. Just get some scratch paper or excel and make your own, it is easy and making your own helps you visualize.

Here is also a cool place to learn it for free online http://dorseywright.com/cgi-bin/foxw...fwuniv?partner=
  • #18,829
  • Mar 11, 2010 12:01am Mar 11, 2010 12:01am
rising wedge on 5 min
  • #18,830
  • Mar 11, 2010 12:09am Mar 11, 2010 12:09am
Quoting Clouds
do u have a link about London? didn't hear that.
here http://www.bloomberg.com/apps/news?p...d=aUeX.sCG0tNs
  • #18,831
  • Mar 11, 2010 12:12am Mar 11, 2010 12:12am
Quoting Warwick
1.7 ?! ... im assuming micro?
no im trading a raw spread platform u can trade minilots too.
I have it with FXCM

whats ur spread and what broker?
  • #18,832
  • Mar 11, 2010 12:17am Mar 11, 2010 12:17am
Quoting Clouds
rising wedge on 5 min
I have two equidistant long wicks on m15... resistance level
  • #18,833
  • Mar 11, 2010 12:56am Mar 11, 2010 12:56am
eur/aud looks like it's finding some support around 1.49, above 1.4960, should bring aud/usd down

below up
  • #18,834
  • Mar 11, 2010 1:01am Mar 11, 2010 1:01am
Quoting Saxon
Oh ya, the thread keeps getting pushed along so I didn't get a chance to see your reply. Ya, look into P&F charting. It is pretty fun to do in low PA markets when you get bored. It helps you spot a lot of things you would miss on a time-series chart. I guess some good places to get started on P&F is to web search it and get a foundation, then here are some good books to look at too:

http://www.amazon.com/Definitive-Gui...8291398&sr=1-2

http://www.amazon.com/Point-Figure-C.../dp/047111961X...
For Aussie traders,

I do like IGmarkets to trade the AUD. It is a fixed spread CFD broker, but you can get spread of 1 during liquidity no worries. 2 all other times.

They provide charting from prorealtime for free if you trade enough volume with them, which includes very decent P&F charts.
  • #18,835
  • Mar 11, 2010 1:21am Mar 11, 2010 1:21am
---------->>>>> 0.9177<<<<<-----------
  • #18,836
  • Mar 11, 2010 1:23am Mar 11, 2010 1:23am
I call tops
  • #18,837
  • Mar 11, 2010 1:24am Mar 11, 2010 1:24am
We know, this the point where the trend will resume.
Quoting Daytrader74
---------->>>>> 0.9177<<<<<-----------
Annoying Precision
  • #18,838
  • Mar 11, 2010 1:31am Mar 11, 2010 1:31am
Potential reversal zone on AUDNZD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2010-03-11_AUDNZD_W1_sell.png Size: 54 KB
Click to Enlarge Name: 2010-03-11_AUDNZD_D1_sell.png Size: 56 KB
  • #18,839
  • Mar 11, 2010 1:40am Mar 11, 2010 1:40am
maybe it goes south


http://i182.photobucket.com/albums/x...MAN/fxxx-3.jpg
  • #18,840
  • Mar 11, 2010 1:41am Mar 11, 2010 1:41am
AUD/JPY formed a shooting star on yesterday daily candle.
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