AUD/USD | Page 1428 | 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

  • #28,541
  • Mar 9, 2011 6:58pm Mar 9, 2011 6:58pm
Quoting ely
Hi yeah i don't mind

Overnight charges are £1.80 per 1 position. I have been in & out of this pair with easy money, and has more then covered any swaps on my positional play till the next several months!!

Holding wise, no one can predict the time it takes to hit your target. But technically it shouldn't be far off between mid April to end July...we'll see.

Safe trading

Hello, question, when you trade long term, do you use any stop lose? or no stop loss at all?

and if you do, what kind of stop loss you use, how many pips?
The Black Swan: The Impact of the Highly Improbable
  • #28,542
  • Mar 9, 2011 7:00pm Mar 9, 2011 7:00pm
Quoting MapleLeaf
Hello, question, when you trade long term, do you use any stop lose? or no stop loss at all?

and if you do, what kind of stop loss you use, how many pips?

I personally set a 'failure, end of the world' stop at around 200 pips from my entry. However, price action will dictate an exit far before that is ever reached. That is just in the event that I can't get to my computer/server/tradestation whatever.

I hate stops. So much.
  • #28,543
  • Mar 9, 2011 7:13pm Mar 9, 2011 7:13pm
I'm very newbie in trading AUD. So i hope some experts and masters here may give me some tips in trading. Just now there is a employment change data released -10K, fundamentally AUD supposed to down.. it did for a while, but why AUD seems not very influenced by the data?
Sorry if my English is bad, i'm Indonesian.
Thanx.
  • #28,544
  • Mar 9, 2011 7:20pm Mar 9, 2011 7:20pm
Quoting Venice
lololol, more bad news for the Aussie, and people just keep buying it up. So funny. Tried to close my short at 1.00648 and got requoted 5 times in a row. What a bunch of bastads. Would have been a nice 30 pips... oh well, on to the next one.
Which broker r u using?
  • #28,545
  • Mar 9, 2011 8:03pm Mar 9, 2011 8:03pm
Quoting kandi
I'm very newbie in trading AUD. So i hope some experts and masters here may give me some tips in trading. Just now there is a employment change data released -10K, fundamentally AUD supposed to down.. it did for a while, but why AUD seems not very influenced by the data?
Sorry if my English is bad, i'm Indonesian.
Thanx.
The move down was a knee jerk reaction to the negative number. If you look at the report, full time employment was actually up big time. It was part time job loss that caused the negative number. Losing part time jobs to gain full time ones is actually a good thing for an economy. I would not count on this report for being the trigger for a big down move. We are still comfortable inside the ascending daily wedge.

Regards,
  • #28,546
  • Mar 9, 2011 8:13pm Mar 9, 2011 8:13pm
Quoting Venice
They are going to have to do something about that interest rate first. To much opportunity to make money just holding.
That will take care of itself.

It's been static enough for the last few months that patience will likely wear thin. Interest alone won't keep them happy.

They'll get bored, and unload one by one. It will fall, and the game will start all over again.
No way I'll wreck this... It's a beer truck!
  • #28,547
  • Mar 9, 2011 8:33pm Mar 9, 2011 8:33pm
Quoting fxking
Which broker r u using?
Alpari. They are a pretty decent broker, it's just the requotes that kill me during high volatility.
  • #28,548
  • Mar 9, 2011 8:39pm Mar 9, 2011 8:39pm
Quoting ely
Dollar parity days are numbered
March 09, 2011

SOARING oil prices threaten to end the Aussie dollar's dream run and send it tumbling below parity with the US greenback.
The local currency is trading about $US1.01 after hitting parity in October.
But spooked traders are worried that the two reasons behind the dollar's stellar run -- Australia's comparatively high interest rates and the nation's strong commodities trade with China -- may be on the wane.

If the recent high oil prices are sustained, central banks throughout the world will be...
Enjoy

Attached Image (click to enlarge)
Click to Enlarge Name: Inflation_Adj_Oil_Prices_Chart.jpg Size: 366 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Annual_Inflation_chart.jpg Size: 303 KB
  • #28,549
  • Mar 9, 2011 9:02pm Mar 9, 2011 9:02pm
Quoting kandi
I'm very newbie in trading AUD. So i hope some experts and masters here may give me some tips in trading. Just now there is a employment change data released -10K, fundamentally AUD supposed to down.. it did for a while, but why AUD seems not very influenced by the data?
Sorry if my English is bad, i'm Indonesian.
Thanx.
It's now doing the real move DOWN.. after a few hours.. Check it out.
The Black Swan: The Impact of the Highly Improbable
  • #28,550
  • Mar 9, 2011 9:59pm Mar 9, 2011 9:59pm
Quoting Pipstrumpf
Enjoy

Attachment
Attachment
this chart is only for states, right?
  • #28,551
  • Mar 9, 2011 10:06pm Mar 9, 2011 10:06pm
Quoting yakuzaking
this chart is only for states, right?
Yep correct.
  • #28,552
  • Mar 9, 2011 10:33pm Mar 9, 2011 10:33pm
Just loaded up long near the bottom of the wedge @ 1.0042. TP @ 1.0150. Sl @ 9950. I bought 5 lots (big order for me near major support). If it hits, this is going to be one beautiful month. If not, still up for the month, but will be almost starting over. Here we go!!!!

Regards,
  • #28,553
  • Mar 9, 2011 10:36pm Mar 9, 2011 10:36pm
Quoting FX-Petra
Just loaded up long near the bottom of the wedge @ 1.0042. TP @ 1.0150. Sl @ 9950. I bought 5 lots (big order for me near major support). If it hits, this is going to be one beautiful month. If not, still up for the month, but will be almost starting over. Here we go!!!!

Regards,


bad idea....lol
Twitter: @TrendersGame
  • #28,554
  • Edited 10:49pm Mar 9, 2011 10:36pm | Edited 10:49pm
Quoting MapleLeaf
Hello, question, when you trade long term, do you use any stop lose? or no stop loss at all?

and if you do, what kind of stop loss you use, how many pips?
Hi Maple.
There's one thing about trading they teach you..."why did you enter the trade initially?"
I know when i entered the true reason, and for that i don't let NO ONE or a FALSE SPIKE change my decision.

Hence i have just closed my 2 positions entered i mentioned for OVER 250 pips per unit at 1.0043
This once again has cleared 4 months pay packet for me...this is by far better then working!!

No stop loss when you know what your overall target is...risky i know, but its about whethering the storm as far as timing goes, cos NO ONE can sell at the top, or buy at the bottom...you just try to keep your position size limited to keep on collecting as it goes against you!!

I am now looking at putting these two positions i just closed, short again on hopefully a little false spike which should not be hard for this pair...as its already done many, including on todays initial news release...which i stated at the time to Venice to keep hold and watch it drip!

Overall, i'll enjoy the +100 pips of positional collections, then back in on the spikes, for the road towards 0.9200..0.8900!

Enjoy all...this pair is bubbled enough to make us all rich!!

Right lets concentrate on some spikes again...
  • #28,555
  • Mar 9, 2011 10:42pm Mar 9, 2011 10:42pm
Quoting kandi
I'm very newbie in trading AUD. So i hope some experts and masters here may give me some tips in trading. Just now there is a employment change data released -10K, fundamentally AUD supposed to down.. it did for a while, but why AUD seems not very influenced by the data?
Sorry if my English is bad, i'm Indonesian.
Thanx.
They made the false spike and subsequent quiet before the storm feel exactly as per your description...but Its now 0410hrs, about 4hrs from the news and its dropped to 1.0035!!!!!!!!!
Like i said, you can't hold it up on warm air alone!
  • #28,556
  • Mar 9, 2011 10:42pm Mar 9, 2011 10:42pm
And I hit my target....came up a tad bit short...but found support and took out the entire position...nice run...

http://www.forexfactory.com/showpost...ostcount=28512



Quoting myfxjournals
When in doubt...re-enter
Attached Image (click to enlarge)
Click to Enlarge Name: FFAUDSHORT.png Size: 43 KB
  • #28,557
  • Mar 9, 2011 10:48pm Mar 9, 2011 10:48pm
Quoting myfxjournals
And I hit my target....came up a tad bit short...but found support and took out the entire position...nice run...

http://www.forexfactory.com/showpost...ostcount=28512
Mind if I ask what software are you running? I like that bears & bulls meter.
Thanks,

fxst
  • #28,558
  • Mar 9, 2011 11:14pm Mar 9, 2011 11:14pm
Gut feeling tells me we should be touching 1.0015/20 sometime today...maybe even parity!

Hope this spike comes, enough to entice my exited positions back in
  • #28,559
  • Mar 9, 2011 11:23pm Mar 9, 2011 11:23pm
Quoting ely
Gut feeling tells me we should be touching 1.0015/20 sometime today...maybe even parity!

Hope this spike comes, enough to entice my exited positions back in
Maybe by breaking the daily wedge will trigger more selling in the london session
  • #28,560
  • Mar 9, 2011 11:55pm Mar 9, 2011 11:55pm
China's negative trade balance killed the aussie, not unemployment.
38 traders viewing now