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AUD/USD

  • #43,301
  • Apr 23, 2012 8:43pm Apr 23, 2012 8:43pm
Nice call.

Quoting rsg10z
rooting for 1.02617
  • #43,302
  • Apr 23, 2012 8:44pm Apr 23, 2012 8:44pm
Quoting 4xpipcounter
I think it depends on how you look at it. Many people say they are hedging trade, when the trade has gone against them 50--100 pips. All they did was make matters worse. That is not a hedge just because they went the opposite way.
OTOH, let's say you get in a trade that you have been holding for a few days, and you know it is going to continue in your favor. You also know at a certain point it is going to correct, so in order to stay in the previous trade, but to collect some pips on the correction you believe is going to happen, you enter a hedge....
This hedge talk is making me sad

-An American
  • #43,303
  • Apr 23, 2012 8:45pm Apr 23, 2012 8:45pm
Quoting Jackana
I do not think AUD/USD will be going lower. The correction from 1.08xx seems to be an end. Now lets thinks of LONG this pair for the upside soon.

Both AUD/USD and NZD/USD.

Jackana.
maybe long between 225 an 180?
  • #43,304
  • Apr 23, 2012 8:46pm Apr 23, 2012 8:46pm
Was it something I said?


Quoting BergenGlobal
This hedge talk is making me sad

-An American
  • #43,305
  • Edited 8:54pm Apr 23, 2012 8:52pm | Edited 8:54pm
-------------------

Quoting gmohata
AUD at a critical support level - if it can break below 9470 - we should go to atleast 9400/9380.

Fundamentals not supporting the Aussie in the short term and a rate hike probability is diminishing.

Aussie is a high-yeild currency and could lose investor appeal very very quickly.

I am taking a short at 9505 with a SL at 9650 and TP (1st lot) at 9400
  • #43,306
  • Apr 23, 2012 8:53pm Apr 23, 2012 8:53pm
Quoting 4xpipcounter
Was it something I said?
we technically aren't allowed to hedge, unless we use two brokers/accounts

or if we do, we have to close the older position first
  • #43,307
  • Edited 8:55pm Apr 23, 2012 8:54pm | Edited 8:55pm
The bottom is in. Time to close short & buy or get left behind.
  • #43,308
  • Apr 23, 2012 8:55pm Apr 23, 2012 8:55pm
You must be like me, from the USA. I use Hot Forex. I cna hedge and have 500:1 leveraging.


Quoting neuron
we technically aren't allowed to hedge, unless we use two brokers/accounts

or if we do, we have to close the older position first
  • #43,309
  • Apr 23, 2012 8:58pm Apr 23, 2012 8:58pm
Quoting prive
The bottom is in. Time to close short & buy or get left behind.
I dont see a bottom yet
Attached Image (click to enlarge)
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  • #43,310
  • Apr 23, 2012 9:06pm Apr 23, 2012 9:06pm
Quoting 4xpipcounter
I think it depends on how you look at it. Many people say they are hedging trade, when the trade has gone against them 50--100 pips. All they did was make matters worse. That is not a hedge just because they went the opposite way.
OTOH, let's say you get in a trade that you have been holding for a few days, and you know it is going to continue in your favor. You also know at a certain point it is going to correct, so in order to stay in the previous trade, but to collect some pips on the correction you believe is going to happen, you enter a hedge....
A straddle or a strangle isn't a hedge. I put a pending order either side of 1.0305 and 1.0325 and waited for price to tell me which way it was going.
FF journal: Peaks and Troffs
  • #43,311
  • Apr 23, 2012 9:09pm Apr 23, 2012 9:09pm
Quoting prive
The bottom is in. Time to close short & buy or get left behind.
if u get 20 pips on your long...take it
  • #43,312
  • Apr 23, 2012 9:11pm Apr 23, 2012 9:11pm
Quoting Noobicle
maybe long between 225 an 180?
No, LONG at the current price now, target 1.0450 at least.
Trade your plan.
  • #43,313
  • Apr 23, 2012 9:12pm Apr 23, 2012 9:12pm
Quoting 4xpipcounter
You must be like me, from the USA. I use Hot Forex. I cna hedge and have 500:1 leveraging.
Interesting, I'll look into it. Are there any issues (CS, withdrawal of funds, tech)? Thanks
  • #43,314
  • Apr 23, 2012 9:15pm Apr 23, 2012 9:15pm
Pardon me. That was my fault.
If I'm now understanding you right, you put a long at the high end of the channel and a short at the low end.

I do that every NFP report.

Sorry for my misunderstanding.

Quoting bogus
A straddle or a strangle isn't a hedge. I put a pending order either side of 1.0305 and 1.0325 and waited for price to tell me which way it was going.
  • #43,315
  • Apr 23, 2012 9:17pm Apr 23, 2012 9:17pm
Quoting bogus
A straddle or a strangle isn't a hedge. I put a pending order either side of 1.0305 and 1.0325 and waited for price to tell me which way it was going.
Are your orders usually filled during sudden moves? It's a great idea but usually doesn't Fill my order. In other cases I've longed and shorted before the news at same price with tight stops in both directions but its failed to stop
  • #43,316
  • Apr 23, 2012 9:19pm Apr 23, 2012 9:19pm
I've had many brokers, and by far, Hot Forex is the best. I'm talking customer service, the whole thing.
I once had a TP on the AUD/USD. I set the trade, went to bed, and was shocked my TP was not hit. A closer look showed me it was, but their platform did not execute it. I called the tech department. They not only gave my money back on the trade, but paid me an additional 150%.
Accidents do happen. This broker became huge in my eyes when they took care of business that way for me. That happened only 2 weeks after they became my broker. So they drove down a permanent stake for me.


Quoting BergenGlobal
Interesting, I'll look into it. Are there any issues (CS, withdrawal of funds, tech)? Thanks
  • #43,317
  • Apr 23, 2012 9:22pm Apr 23, 2012 9:22pm
Diggo, I'll put another plug in for my broker. I trade the NFP. EVeryone of my orders has kicked in.


Quoting diggo
Are your orders usually filled during sudden moves? It's a great idea but usually doesn't Fill my order. In other cases I've longed and shorted before the news at same price with tight stops in both directions but its failed to stop
  • #43,318
  • Apr 23, 2012 9:26pm Apr 23, 2012 9:26pm
Quoting 4xpipcounter
Pardon me. That was my fault.
If I'm now understanding you right, you put a long at the high end of the channel and a short at the low end.

I do that every NFP report.

Sorry for my misunderstanding.
No worries. Yes, thats what I do regards the channel +/- 3pips plus the spread for longs.
FF journal: Peaks and Troffs
  • #43,319
  • Apr 23, 2012 9:30pm Apr 23, 2012 9:30pm
Quoting diggo
Are your orders usually filled during sudden moves? It's a great idea but usually doesn't Fill my order. In other cases I've longed and shorted before the news at same price with tight stops in both directions but its failed to stop
There are some brokers that you can't trade the news by. Impossible slippage, platform sluggish and gaping.Hunt around.
Cheers.
FF journal: Peaks and Troffs
  • #43,320
  • Apr 23, 2012 9:34pm Apr 23, 2012 9:34pm
Quoting bogus
There are some brokers that you can't trade the news by. Impossible slippage, platform sluggish and gaping.Hunt around.
Cheers.
Yea, mine is one of those! Thanks, I'll take a look around
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