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AUD/USD

  • #40,581
  • Feb 16, 2012 2:42am Feb 16, 2012 2:42am
Quoting Jacques Sai
Damn it! Just cut loss my NZD15m and lost USD120,000... and now looks higher... cut at low... where am i!!!
Don't shed any tears for paper money
Biggest joker
  • #40,582
  • Feb 16, 2012 3:39am Feb 16, 2012 3:39am
Quoting BergenGlobal
if you're trading aud/usd, check out the s&p
Very, very strong correlation between the 2. I use the Dow, the correlation is there as well but perhaps not as significant.

I used to trade DOW E-Mini futures years back but now I trade the AUD/USD Pair as if it was DOW futures. So much better control as far as the risk goes.
  • #40,583
  • Feb 16, 2012 5:14am Feb 16, 2012 5:14am
Quoting baron193
Don't shed any tears for paper money
But most of the cut lost trade is always juz couple of pips and bounces back. Nof sure FX meant for me. So far lost almost a million in 6 months. Earlier USD120,000 is morning trade and less than 5 hours lost this amount. Gosh... Anyone can guide me technically and I will pay for the service. Thanks to all. If you guys want proof, I can attached my statement
  • #40,584
  • Feb 16, 2012 5:17am Feb 16, 2012 5:17am
Quoting Jacques Sai
But most of the cut lost trade is always juz couple of pips and bounces back. Nof sure FX meant for me. So far lost almost a million in 6 months. Earlier USD120,000 is morning trade and less than 5 hours lost this amount. Gosh... Anyone can guide me technically and I will pay for the service. Thanks to all. If you guys want proof, I can attached my statement
Don't have to pay bro.
Just learn from reading here is good enough.
There's many strategies provided in FF.
RM
  • #40,585
  • Feb 16, 2012 5:18am Feb 16, 2012 5:18am
Quoting Jacques Sai
But most of the cut lost trade is always juz couple of pips and bounces back. Nof sure FX meant for me. So far lost almost a million in 6 months. Earlier USD120,000 is morning trade and less than 5 hours lost this amount. Gosh... Anyone can guide me technically and I will pay for the service. Thanks to all. If you guys want proof, I can attached my statement
you need to learn how to play from 0.01 lot before you hit such a lot size.

this is not gambling. if you are a retail trader hoping to win a 50:50 big small game through throwing your money into the market, think you should just quit forex, if you are using real money.
  • #40,586
  • Feb 16, 2012 5:21am Feb 16, 2012 5:21am
Quoting Jacques Sai
Nof sure FX meant for me. So far lost almost a million in 6 months.
An understatement?

Unless your wortha Bill. or so. Then it will only take 500 years till your broke.

:nerd:
  • #40,587
  • Feb 16, 2012 5:30am Feb 16, 2012 5:30am
Quoting Jacques Sai
But most of the cut lost trade is always juz couple of pips and bounces back. Nof sure FX meant for me. So far lost almost a million in 6 months. Earlier USD120,000 is morning trade and less than 5 hours lost this amount. Gosh... Anyone can guide me technically and I will pay for the service. Thanks to all. If you guys want proof, I can attached my statement
If you're a guy with deep pocket, you should just play levels with out any stress whatsoever - Try to be looking to buy/sell and exit only at psyche levels.
Why don't you hire a money manager to do all of this..
PRICE ACTION is the only real time indicator.
  • #40,588
  • Feb 16, 2012 5:34am Feb 16, 2012 5:34am
What is your leverage?

1-1?
  • #40,589
  • Feb 16, 2012 5:35am Feb 16, 2012 5:35am
Quoting Leunammj
you need to learn how to play from 0.01 lot before you hit such a lot size.

this is not gambling. if you are a retail trader hoping to win a 50:50 big small game through throwing your money into the market, think you should just quit forex, if you are using real money.
Hi bro... You are absolutely right.. I jump all in without trying small lots size and I listen to forum for views. Myself bank on fact of 50:50 chance. Sorry I am not here to insult the FX trading. But I am not too sure how to start and jump I into this bandwangon. Thanks all for kind advise
  • #40,590
  • Feb 16, 2012 5:37am Feb 16, 2012 5:37am
Quoting Snarkalarker
What is your leverage?

1-1?
Bro... I have 3 trading accounts; GFT, IG and CMC. Active one is GFT and leverage is 1 : 100
  • #40,591
  • Feb 16, 2012 5:40am Feb 16, 2012 5:40am
Quoting gautam0597
If you're a guy with deep pocket, you should just play levels with out any stress whatsoever - Try to be looking to buy/sell and exit only at psyche levels.
Why don't you hire a money manager to do all of this..
I thought of, but was being told to try leverage so I just try this. Who knows... Thanks for suggestion
  • #40,592
  • Feb 16, 2012 5:42am Feb 16, 2012 5:42am
Quoting Snarkalarker
An understatement?

Unless your wortha Bill. or so. Then it will only take 500 years till your broke.

:nerd:
Ya.. I know.. Thru this forum realize that there are lots to learn. Will continue to sharpen my skill thru seniors contribution. Thanks all.
  • #40,593
  • Feb 16, 2012 5:43am Feb 16, 2012 5:43am
Quoting Jacques Sai
Hi bro... You are absolutely right.. I jump all in without trying small lots size and I listen to forum for views. Myself bank on fact of 50:50 chance. Sorry I am not here to insult the FX trading. But I am not too sure how to start and jump I into this bandwangon. Thanks all for kind advise
Forex trading is divide into few trading methodology. A commonly known, free insight for u here.

1) Don't get caught in between, unless you are on a pivot with buy and sell at same point. Price accordingly. After New york closing, its a fresh start again. Let the market find its bottom first before your entry for a buy. During Asian hours, there are fewer news or mainly AUD, NZD, CNY and JPY. Market has low liquid. Pick a pair and focus it.
If you buy at lowest or sell at highest, its not too hurtful to hit your stop loss compared to buying in the middle.
2) with news or technical data release you weigh if you want to trade near or trade during news. Not advisable to open a trade 10 minute before a major release.
3) Always use STOPLOSS, calculate your risk and reward. Money management.
4) After market seep in consolidation, mark a point where you think buy stop or sell stop can be placed, this is for outbreak. Normally will range 15-35pips from the point. Market consolidated between 1.3030-1.3060. Put a buy stop @ 1.3070 for 1.3090. and sell stop for 1.3020 for 1.3000. Search for breakout
5) In a major release, price will surge or plunge, placed your stop loss and tp if you are not confident. always TP. because spike commonly return to near its original point.
6) Have a trading plan and system, find one. Don't trust other but yourself, you lose only have yourself to blame. Losing is part of forex, even the best trader learn to take losses.

too many other points.. just some basic u need to know
  • #40,594
  • Feb 16, 2012 5:44am Feb 16, 2012 5:44am
Quoting Jacques Sai
Bro... I have 3 trading accounts; GFT, IG and CMC. Active one is GFT and leverage is 1 : 100
1 Million in 6 months.

I can only presume that is a loss than you can take. If so, why not just go with a secure, no risk, investment?
  • #40,595
  • Feb 16, 2012 5:44am Feb 16, 2012 5:44am
Quoting muhdhafiz
Don't have to pay bro.
Just learn from reading here is good enough.
There's many strategies provided in FF.
Hi bro... Thanks... I saw your threads and very impressed with your contributions... But over here too many views and confused me sometimes... Will try to be discerned going forward. Thanks
  • #40,596
  • Feb 16, 2012 5:47am Feb 16, 2012 5:47am
Quoting Snarkalarker
1 Million in 6 months.

I can only presume that is a loss than you can take. If so, why not just go with a secure, no risk, investment?
Well thought of too, but seems only FX can see unlimited risks and rewards. Thanks
  • #40,597
  • Feb 16, 2012 5:49am Feb 16, 2012 5:49am
Hi bro... Really really appreciate your lengthy advise. Will cut and paste in my workstation as a constant reminder.. Thanks


Quoting Leunammj
Forex trading is divide into few trading methodology. A commonly known, free insight for u here.

1) Don't get caught in between, unless you are on a pivot with buy and sell at same point. Price accordingly. After New york closing, its a fresh start again. Let the market find its bottom first before your entry for a buy. During Asian hours, there are fewer news or mainly AUD, NZD, CNY and JPY. Market has low liquid. Pick a pair and focus it.
If you buy at lowest or sell at highest, its not too hurtful to hit your stop loss compared to buying...
  • #40,598
  • Feb 16, 2012 5:51am Feb 16, 2012 5:51am
Quoting Jacques Sai
Well thought of too, but seems only FX can see unlimited risks and rewards. Thanks
But if you already have made it, why risk it?

There are many safe, some tax free, investments that will bring you the return where you can lead whatever life you want and add some to the reserves in the process.
  • #40,599
  • Feb 16, 2012 5:52am Feb 16, 2012 5:52am
Quoting Fbps
I'm sorry.. know the pain...been there.

Thanks and will try to recuperate soon. Will be more discipline on getting view right. Thanks
  • #40,600
  • Feb 16, 2012 5:53am Feb 16, 2012 5:53am
Quoting Snarkalarker
But if you already have made it, why risk it?

There are many safe, some tax free, investments that will bring you the return where you can lead whatever life you want and add some to the reserves in the process.
How I wish I come to FF forum earlier to know all avenues.. Will look into this bro... Thanks but any suggestions?
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