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AUD/USD

  • #43,141
  • Apr 17, 2012 10:12am Apr 17, 2012 10:12am
Quoting sidhujag
Maybe maybe not... if you think that you can trade it... and if you trade it you are on the wrong side http://fxtrade.oanda.com/analysis/historical-positions
Break of 380 in 16hs what I tell you.
  • #43,142
  • Apr 17, 2012 10:21am Apr 17, 2012 10:21am
Quoting Zeroh
Break of 380 in 16hs what I tell you.
hehe you were right.. my bad good job! but you had some pretty good DD doing that I'll call that luck.
  • #43,143
  • Apr 17, 2012 10:31am Apr 17, 2012 10:31am
Remember this????
http://www.forexfactory.com/showthre...35#post5568235

Right arm is almost complete 200 sma is a point where we shoul finish right arm and possibly go up. The only problem atm is bearish div on M30 but overall I am bullish short/mid term on Aussie
swing it!
  • #43,144
  • Apr 17, 2012 10:35am Apr 17, 2012 10:35am
Well head is not "pure" technically but we have to work with something

http://s16.postimage.org/nw2j9vwyd/aussie_h_n_s.gif
picture hosting
swing it!
  • #43,145
  • Apr 17, 2012 10:43am Apr 17, 2012 10:43am
i think the upside was correction and we coming into the sell area against the high confirmation will be the break of the trend line . and that goes for nzd/usd more as it coming into a very strong resistance
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  • #43,146
  • Apr 17, 2012 10:48am Apr 17, 2012 10:48am
this is nzd/usd
Attached Image (click to enlarge)
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  • #43,147
  • Apr 17, 2012 1:27pm Apr 17, 2012 1:27pm
Quoting nawafasad1
this is nzd/usd
wrong thread - good luck if you cannot get that much right
  • #43,148
  • Edited 1:47pm Apr 17, 2012 1:32pm | Edited 1:47pm
?

asia open seem to push her down then euro back up, usa seemed uncertain but broke in its previous session, i was thinking maybe asia will push down to 340 then might be back up to complete the h&s, the bottom of it seems ok with 2 spikes at 305, if she break 340...maybe to 300 then if she breaks 300 then to 250 maybe
Attached Image (click to enlarge)
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  • #43,149
  • Apr 17, 2012 1:40pm Apr 17, 2012 1:40pm
Quoting Noobicle
?
Daily Chart signals me a nice SHORT position there. However I would wait until it breaks the Fib at 1.0385 before going SHORT.

http://i.imgur.com/2nN5M.png
Poker is for kids, I play FOREX.
  • #43,150
  • Apr 17, 2012 1:58pm Apr 17, 2012 1:58pm
Quoting atif089
Daily Chart signals me a nice SHORT position there. However I would wait until it breaks the Fib at 1.0385 before going SHORT.

http://i.imgur.com/2nN5M.png
am waiting for me long yes forgot to mention 380, i think i put it in my chart
  • #43,151
  • Apr 17, 2012 2:54pm Apr 17, 2012 2:54pm
Quoting andri66
Agree w/ u..why bother to sell aussie against u$d ? as long as the swap so high ..much easier to just long on dip..if it drops below parity while the swap still high..then it's easier to make money from long positions..
Won't add longs above 1.035 though (Already have enough long positions here). Currently the following are my longs total 0.5 lots.

@1.04607
@1.04538
@1.04383
@1.04319
@1.0416
@1.03869
@1.03796

Earning good swap on this and targeting 1.05 with all of this. Had a few lower AUDUSD longs, but closed it off at 1.04 (wanted to book some profits - itchy finger syndrome).

Hopefully can reach 1.05 before the next RBA rate decision meeting though.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #43,152
  • Apr 17, 2012 3:06pm Apr 17, 2012 3:06pm
Quoting rafiqhidayat
Won't add longs above 1.035 though (Already have enough long positions here). Currently the following are my longs total 0.5 lots.

@1.04607
@1.04538
@1.04383
@1.04319
@1.0416
@1.03869
@1.03796

Earning good swap on this and targeting 1.05 with all of this. Had a few lower AUDUSD longs, but closed it off at 1.04 (wanted to book some profits - itchy finger syndrome).

Hopefully can reach 1.05 before the next RBA rate decision meeting though.

** Yesterday I did EXACTLY the trade I wished I had done the day before long 2 units at 1.0310 and itchy trigger finger was going to leave it but took profit at the first dip at 1.0336

And on a worse not. Identified the GBP/USD as a long early monday morning (look at the 4hr chart it is just slowly bouncing up and was at the bottom of a bounce). Of course I did nothing about it

Bad trader here
  • #43,153
  • Apr 17, 2012 3:27pm Apr 17, 2012 3:27pm
Quoting Noobicle
am waiting for me long yes forgot to mention 380, i think i put it in my chart
The bull is gathering more strength and there is not any resistance until 550.If monthly chart closes above this price,it will be good news for the longs.
  • #43,154
  • Apr 17, 2012 5:35pm Apr 17, 2012 5:35pm
Quoting rafiqhidayat
Currently the following are my longs total 0.5 lots.

Earning good swap on this and targeting 1.05 with all of this.

A Good Swap ??
Do you really believe that ?
I think you're kidding yourself .
A $50k position would amount to the princely sum of around $5 a day ...
  • #43,155
  • Apr 17, 2012 5:38pm Apr 17, 2012 5:38pm
Quoting Balmain Boy
A Good Swap ??
Do you really believe that ?
I think you're kidding yourself .
A $50k position would amount to the princely sum of around $5 a day ...
$25/wk
$1,300/yr

I'll take it!
  • #43,156
  • Apr 17, 2012 5:44pm Apr 17, 2012 5:44pm
Quoting Winston Reed
$25/wk
$1,300/yr

I'll take it!
To each their own. I don't trade for the swaps, but getting positive swap is always better than getting hit by negative swap.

Like what he said, no one is going to give you USD 1300 / year (that's 1300 pips profit for USD 1/pip).

I've been on the other side i.e. shorted AU and the negative swap hurts like hell. I don't even want to hold AU short for long period of time (heck I even try to go out of my way not to short AU).

I'm not trying to convince anyone that this is a profitable way of trading. But one thing I've learn that every little bit counts. If you can get additional money by trading i.e. positive swap, trade rebates, etc.. why not.. isn't the purpose of trading in the first place to make MONEY????
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #43,157
  • Apr 17, 2012 6:38pm Apr 17, 2012 6:38pm
Hi everyone, nice thread you've got here - I just discovered it from a comment by Winston in a chatroom. I've attached a chart showing my AU position as a Wedge/Wolfe Wave trader.
Attached Image (click to enlarge)
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  • #43,158
  • Apr 17, 2012 6:49pm Apr 17, 2012 6:49pm
Quoting rafiqhidayat
To each their own. I don't trade for the swaps, but getting positive swap is always better than getting hit by negative swap.

Like what he said, no one is going to give you USD 1300 / year (that's 1300 pips profit for USD 1/pip).

I've been on the other side i.e. shorted AU and the negative swap hurts like hell. I don't even want to hold AU short for long period of time (heck I even try to go out of my way not to short AU).

I'm not trying to convince anyone that this is a profitable way of trading. But one thing I've learn that every little...

I wouldn't advise actively seeking a passive yield from currency pairs, better off and safer writing calls against a bond etf/divvy etf positions ...although the rollover can have a decent impact on bottom line if often utilizing large positions via Swing/trend/carry trades since the positions sometimes take time to develop/play favorably ... but I would advise all to be aware of the rollover rates on some of the junk/exotic currency pairs since its common for them to have nasty daily debits on one side of the trade
  • #43,159
  • Apr 17, 2012 6:50pm Apr 17, 2012 6:50pm
Quoting Noobicle
?

asia open seem to push her down then euro back up, usa seemed uncertain but broke in its previous session, i was thinking maybe asia will push down to 340 then might be back up to complete the h&s, the bottom of it seems ok with 2 spikes at 305, if she break 340...maybe to 300 then if she breaks 300 then to 250 maybe
Wonder if rocket is still looking at 1.025
  • #43,160
  • Apr 17, 2012 6:54pm Apr 17, 2012 6:54pm
Quoting Dzm1
I wouldn't advise actively seeking a passive yield from currency pairs, better off and safer writing calls against a bond etf/divvy etf positions ...although the rollover can have a decent impact on bottom line if often utilizing large positions via Swing/trend/carry trades since the positions sometimes take time to develop/play favorably ... but I would advise all to be aware of the rollover rates on some of the junk/exotic currency pairs since its common for them to have nasty daily debits on one side of the trade
Agreed. Hence the only pair I'm trading (long term positions) is AUDUSD. It's a major currency so most of the issues you mentioned above should be moot.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
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