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AUD/USD

  • #40,401
  • Feb 14, 2012 12:38am Feb 14, 2012 12:38am
Quoting Fogtrader
ASX down
NIKKEI up
HANG SENG up

AUD falls
This is unusual.
I've given up on correlation. Good when it works, but it's gone out of whack the last couple of years.
FF journal: Peaks and Troffs
  • #40,402
  • Feb 14, 2012 12:58am Feb 14, 2012 12:58am
Quoting bogus
I've given up on correlation. Good when it works, but it's gone out of whack the last couple of years.
Yup and its only going to get weirder
  • #40,403
  • Feb 14, 2012 4:05am Feb 14, 2012 4:05am
Quoting mrbandwidth
Hmmm, I smell a flat, currently finishing possible wave-a (up)... New guess:

1. now down to 690-700 (wave-b)
2. there up to 800+ (wave-c)
3. down back to 600-630 (end of wave-4)
4. 900+ (wave-5)
5. down to HELL

1st in...
Use me as a contrarian indicator
  • #40,404
  • Feb 14, 2012 4:44am Feb 14, 2012 4:44am
Quoting forexmy
What hypocrites! They can't accept interest but can profit from forex trading.
By trading forex you are trading with or against other participants in the market, it's a zero-sum game meaning in order for someone to gain, someone else has to lose the exact amount.
This is fine with the Qur'an, interest however is forbidden because it's seen as immoral. Lenders attach an artificial extra value to the amount lent and expect the struggling borrower to pay it back so they can gain from the service.
Qur'an says that human values must be wedded to money before it produces any results, money itself cannot reproduce or multiply simply by having interest attached to it.
Don't get mad, get even!
  • #40,405
  • Feb 14, 2012 5:31am Feb 14, 2012 5:31am
Long 1.0713 s/l: 1.0662 tgt: 1.0843
  • #40,406
  • Feb 14, 2012 5:32am Feb 14, 2012 5:32am
My target for AU this week is +100 pips. I hope some of them manifest positively. Good luck to us all
The tone of your words reflects the quality and result of your trading ;-)
  • #40,407
  • Feb 14, 2012 6:28am Feb 14, 2012 6:28am
For all out there whos talking about Islamic accounts, please don't talk about something you don't know.
I'm the head of sales for the biggest market maker in the middle east, i personally trade swap free @ no extra charge or pips in a UK based company, lis. and reg by FSA. although the client has to prove he's a muslim.
At my company all acounts are swap free, im not going to say who coz i dont want this to be understood as a sales pitch.
And for the gentleman who said muslims are hypocrites, please man, we're civilised here, no need to offend anyone whatever the case is, were here to share info
  • #40,408
  • Feb 14, 2012 7:35am Feb 14, 2012 7:35am
Sure, I am not saying anything wrong. Was wondering if there is no swap or spread...Then its close to Social service...NPO...

Plus..If my broker is going to wave the charges for a ethinic group...then sure i will quit and go with some one else...Thats not fair...

Just my 2 cents...

Any way good trading ....good luck...


Quoting Raziha
For all out there whos talking about Islamic accounts, please don't talk about something you don't know.
I'm the head of sales for the biggest market maker in the middle east, i personally trade swap free @ no extra charge or pips in a UK based company, lis. and reg by FSA. although the client has to prove he's a muslim.
At my company all acounts are swap free, im not going to say who coz i dont want this to be understood as a sales pitch.
And for the gentleman who said muslims are hypocrites, please man, we're civilised here, no need to offend...
  • #40,409
  • Feb 14, 2012 7:45am Feb 14, 2012 7:45am
Quoting KCV
Sure, I am not saying anything wrong. Was wondering if there is no swap or spread...Then its close to Social service...NPO...

Plus..If my broker is going to wave the charges for a ethinic group...then sure i will quit and go with some one else...Thats not fair...

Just my 2 cents...

Any way good trading ....good luck...
You just don't get it do you?
Swap and spread are apples and oranges, retail brokers make money from losing traders who make up 95% of their customers, usually people who don't even know the difference between swap and spread.

If the broker doesn't have a dealing desk they can make enough profits with the spread only.
Swap normally works against the broker because traders make sure their carry-over trades aren't working against them.
Don't get mad, get even!
  • #40,410
  • Feb 14, 2012 7:54am Feb 14, 2012 7:54am
Quoting stulic;
You just don't get it do you?
Swap and spread are apples and oranges, retail brokers make money from losing traders who make up 95% of their customers, usually people who don't even know the difference between swap and spread.

If the broker doesn't have a dealing desk they can make enough profits with the spread only.
Swap normally works against the broker because traders make sure their carry-over trades aren't working against them.
  • #40,411
  • Feb 14, 2012 7:59am Feb 14, 2012 7:59am
Long @ 1.0716. TP 1.0758.. Hope I can make some pips. +10 for today.
PRICE ACTION is the only real time indicator.
  • #40,412
  • Feb 14, 2012 8:29am Feb 14, 2012 8:29am
Quoting stulic
You just don't get it do you?
Swap and spread are apples and oranges, retail brokers make money from losing traders who make up 95% of their customers, usually people who don't even know the difference between swap and spread.

If the broker doesn't have a dealing desk they can make enough profits with the spread only.
Swap normally works against the broker because traders make sure their carry-over trades aren't working against them.
or the amount in positive swap approx. = amount in negative, so why bother, the clients want islamic, let them have it, the profits for the company is not in spread nor swaps
  • #40,413
  • Feb 14, 2012 10:21am Feb 14, 2012 10:21am
Just an FYI...


"
NEW YORK, February 14 (IFR) -

AUD-CAD 2-yr govt yld spread at 2.45% last vs 3.45% in Oct 2010, while AUD/CAD trades 1.0700 now vs 0.9990 then says either spreads must rise or cross most fall, or both
Last time the spread was here, AUD/CAD traded closer to 0.9000, as strongly positive long-term correlation tumbled to below zero recently
AUD/CAD's high this month hit the upper trendline across Mar and Oct 2011 highs hinting at a drop to the rising channel bottom, particularly given overbought bearish divergence risk on the monthly Slow Stochs.
ThomsonReuters.com"
  • #40,414
  • Feb 14, 2012 10:29am Feb 14, 2012 10:29am

Attached Image (click to enlarge)
Click to Enlarge Name: h4 aud.gif Size: 19 KB
  • #40,415
  • Feb 14, 2012 10:40am Feb 14, 2012 10:40am
Quoting stulic
You just don't get it do you?
Swap and spread are apples and oranges, retail brokers make money from losing traders who make up 95% of their customers, usually people who don't even know the difference between swap and spread.

If the broker doesn't have a dealing desk they can make enough profits with the spread only.
Swap normally works against the broker because traders make sure their carry-over trades aren't working against them.
If the broker know your trading style is like gambling and have high ratio or losses. likely they will trade against the customer and not place their bets on the real contracts. so ye. Why earn spread when can earn all :-)
  • #40,416
  • Feb 14, 2012 11:07am Feb 14, 2012 11:07am
Quoting gautam0597
Long @ 1.0716. TP 1.0758.. Hope I can make some pips. +10 for today.
I'm Short @ 1.0694. Would have liked to get a better price.....

Looking for a drop in the Dow in the next week is my reasoning behind it.
  • #40,417
  • Feb 14, 2012 12:16pm Feb 14, 2012 12:16pm
Quoting Riskit
Long 1.0713 s/l: 1.0662 tgt: 1.0843
stopped out
  • #40,418
  • Feb 14, 2012 12:17pm Feb 14, 2012 12:17pm
Quoting aqeelaputra

Attachment
If you don't mind me asking, what rules did you follow to draw that trendline?
do you have any? or is it just connecting two random points you picked?
Biggest joker
  • #40,419
  • Feb 14, 2012 1:37pm Feb 14, 2012 1:37pm
multi day channel broken
MMMYYYKKK
  • #40,420
  • Feb 14, 2012 2:54pm Feb 14, 2012 2:54pm
funny aud...
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