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  • #43,561
  • Apr 30, 2012 10:02pm Apr 30, 2012 10:02pm
Quoting Noobicle
its all good sidhujag, u dont need to prove yourself, you have vouches from several differnt talented traders, but maybe u could advise us with your talents useing friendlier words
i usually do? gluck!! remember 6 month goal i want tto see u succeed
  • #43,562
  • Apr 30, 2012 10:02pm Apr 30, 2012 10:02pm
you can always tell when the market is not moving.. comvo's in here turn to penis measuring ..

I vote we all make pips and leave all the agro at home
  • #43,563
  • Apr 30, 2012 10:06pm Apr 30, 2012 10:06pm
Quoting sidhujag
not always read my other posts im not tht arrogant. Just that you get frusterated by the same ppl complaining about something you warned them about before they got in the situation. Thought id ttry a harser tone to get thru to ppl so they dont fall into the trap.
You have to admit, there is some arrogance when you chastise people. I mean it can't really be because you only want to help, right? Fess up, it's okay. People are forgiving.
  • #43,564
  • Apr 30, 2012 10:07pm Apr 30, 2012 10:07pm
Quoting BergenGlobal
how are you trying to help me?

how do i not understand money management? by holding onto a profitable position that gets a small percentage taken out? in the end, am i still not profiting?

i hope you feel real good about those v's, buddy....they'll get you real far in life.

i'm mocking you because of your arrogant tone in your posts. it's one thing for you to help people out. it's another to call people dumb (which you essentially are by saying anyone who's shorting the aussie is an idiot)
well i said if you are a positional trader there are better plays. Short eu or long a usd pair with less swap hit. there will always be opportunities why put urself at disadvantage from the getgo? Yea you would have to know to enter an exit at the right time and hold it. How many times does that happen? How many times will you fight for be only to realize your not be but minus 20 pips from swap over a few weeks? All of that stuff u need to factor in your mm. In the long run u roll the dice a million times it will be the difference
  • #43,565
  • Apr 30, 2012 10:10pm Apr 30, 2012 10:10pm
Quoting Noobicle
yeah i would love a V from sombody who calls longs when it going down haha (just kidding), i wouldnt mind 1 at all, i will look for u an show this post in 6month an expect your V sidhujag!
How is this going down? Price have been rejected off fib 62 twice in april alone and we just broke a near term H4 bear line with a mid term one not too far off.

Sure Spain and UK are in recession but look at the greece debt crisis last year, EURUSD fell from 1.42 down to 1.29, it was obvious risk off as more money poured into the greenback but was it a freefall for the AUD? No.

People starting buying AUD even more and it was supported by EURAUD such that price came close to 1.1 again.

Bottom line, only bad news will really bring this down but hmm, bad news from last week including a 2 notch downgrade of Spain led to a rally. Why? Positive Swaps.

In the long run, investors want to earn interest, not pay it.
  • #43,566
  • Apr 30, 2012 10:13pm Apr 30, 2012 10:13pm
Quoting sidhujag
well i said if you are a positional trader there are better plays. Short eu or long a usd pair with less swap hit. there will always be opportunities why put urself at disadvantage from the getgo? Yea you would have to know to enter an exit at the right time and hold it. How many times does that happen? How many times will you fight for be only to realize your not be but minus 20 pips from swap over a few weeks? All of that stuff u need to factor in your mm. In the long run u roll the dice a million times it will be the difference
I know some traders that take negative swap positions and do well. They do factor in swap by setting stricter time limits and smaller stop losses then they would if the position was positive swap. You are correct in saying it should be factored in.
  • #43,567
  • Edited 10:28pm Apr 30, 2012 10:16pm | Edited 10:28pm
Quoting MitchL
you can always tell when the market is not moving.. comvo's in here turn to penis measuring ..

I vote we all make pips and leave all the agro at home
Good call Mitch.
This thread is getting more like the EUR/USD thread every day.
Cheers, Harry The hardest way to make easy money.
  • #43,568
  • Apr 30, 2012 10:20pm Apr 30, 2012 10:20pm
Quoting jayjb
.....
In the long run, investors want to earn interest, not pay it.
hehe yes perhaps your right, it was from a comment he mentioned a couple months ago when price was @1.05 he called a long im sure only for price to hit 1.02 a few weeks later, but yeah i said i was (just kidding) i wasnt mocking the bulls or anything...just a friendly remark

^_^
  • #43,569
  • Apr 30, 2012 10:20pm Apr 30, 2012 10:20pm
Quoting 2+2=4ex
I know some traders that take negative swap positions and do well. They do factor in swap by setting stricter time limits and smaller stop losses then they would if the position was positive swap. You are correct in saying it should be factored in.
well before swap its allgood if your playing the range right? In the end conpounding can work just as well if your expectancy is high enough. Depends on ur scalp strategy my posts were aimed at positional traders holding over more than a few days esp when their trade goes to the gutter
  • #43,570
  • Apr 30, 2012 10:22pm Apr 30, 2012 10:22pm
Quoting sidhujag
well i said if you are a positional trader there are better plays. Short eu or long a usd pair with less swap hit. there will always be opportunities why put urself at disadvantage from the getgo? Yea you would have to know to enter an exit at the right time and hold it. How many times does that happen? How many times will you fight for be only to realize your not be but minus 20 pips from swap over a few weeks? All of that stuff u need to factor in your mm. In the long run u roll the dice a million times it will be the difference
I agree there are better plays, and I'll admit, I don't hold Aussie shorts for long (no pun intended). My point is, I don't think negative swaps should be the leading factor in NOT shorting a pair if you feel there's a great setup.

-20 pips over a few weeks does suck. But let's say you rode the recent aussie downturn (2/29 - 4/4). -90 pips in swaps, BUT also +600 pips in profit. I'm just saying...I wouldn't mind that.

I also apologize for the mocking tone earlier.
  • #43,571
  • Apr 30, 2012 10:23pm Apr 30, 2012 10:23pm
Quoting Noobicle
hehe yes perhaps your right, it was from a comment he mentioned a a couple months ago when price was @1.05 he called a long im sure only for price to hit 1.02 a few weeks later, but yeah i said i was (just kidding) i wasnt mocking the bulls or anything...just a friendly remark

^_^
I see. But it's what I had learnt from shorting AUDUSD, it's not profitable in the long run because it's too volatile such that 100 pips in a short can easily become a 10pips run.

Anyway, just some numbers to share ahead of the news release.

If we can close below 1.0413 in this H4, the news might bring 1.0387 and 1.0366. Below 1.0366 might bring bears back in but I suspect some sort of fight at 1.0335

Oh yeah, I entered a GBPAUD at 1.5565 after a good 18 hours wait then promptly closed it at 1 pip loss -__-
  • #43,572
  • Apr 30, 2012 10:24pm Apr 30, 2012 10:24pm
Quoting Noobicle
hehe yes perhaps your right, it was from a comment he mentioned a couple months ago when price was @1.05 he called a long im sure only for price to hit 1.02 a few weeks later, but yeah i said i was (just kidding) i wasnt mocking the bulls or anything...just a friendly remark

^_^
who me? I was a bull a few months ago yes when everyone on here was shorting. Now fundies have changed.
  • #43,573
  • Apr 30, 2012 10:27pm Apr 30, 2012 10:27pm
Quoting sidhujag
Ever listen to that guy sitting in the corner whispering what he thinks the score will be at the end of the game? You also have to admit most retailers lose for the same reason. If you can help why would it matter which method i take? I got your attention didnt i? If i had whispered would you and a few other so called experienced traders have to chime in with their 2 cents? dunno
Now your trying too hard to sound wise with the "guy sitting in the corner whispering" anecdote. I'm on to you buddy

I'm only here cause I'm bored. I don't care what method you trade. If you feel like your succesful and want the whole world to know then that's great. What does that have to do with anything? If you truly want to help people then withdraw your profits and send it to them. Otherwise you're just acting foolish. And I mean that with respect.
  • #43,574
  • Apr 30, 2012 10:28pm Apr 30, 2012 10:28pm
Quoting sidhujag
who me? I was a bull a few months ago yes when everyone on here was shorting. Now fundies have changed.
yes i remember those words ''noobs are going to short, i think its time to go long'' or something similar to that lol, i would search the thread but cant be bothered, dont care

maybe it was somebody else

^_^
  • #43,575
  • Apr 30, 2012 10:29pm Apr 30, 2012 10:29pm
Quoting 2+2=4ex
Now your trying too hard to sound wise with the "guy sitting in the corner whispering" anecdote. I'm on to you buddy

I'm only here cause I'm bored. I don't care what method you trade. If you feel like your succesful and want the whole world to know then that's great. What does that have to do with anything? If you truly want to help people then withdraw your profits and send it to them. Otherwise you're just acting foolish. And I mean that with respect.
helloooo fren...
Bismillah
  • #43,576
  • Apr 30, 2012 10:30pm Apr 30, 2012 10:30pm
rate cute...will be aussies really cut rates to 4..aussie will dive to parity....lol
  • #43,577
  • Apr 30, 2012 10:31pm Apr 30, 2012 10:31pm
Quoting krunfx
helloooo fren...
Hellooooo!

huhuhu

lol
  • #43,578
  • Apr 30, 2012 10:37pm Apr 30, 2012 10:37pm
I believe he picked my post to respond. Not sure why as I've clearly stated that I would only LONG AUD as it's the better choice especially for long term sanity. I am a positional trader for AUD (still wouldn't say that I'm a swing trader because my TPs are still within 200-300 pips of where I open for AUD)

But at the same time, if there are shorting opportunities, I would look at other pairs (shorter time frame - intraday) such as EU / GU.

Combining this strategy with proper MM (one thing that I believe should never be broken) has proved profitable to me in last 6 month as I've achieved a return on equity of 52%.

If anyone has an issue with me being profitable with my trading programme, then it's their problem. I never asked people to follow how I trade as I am still learning myself. The only thin I know is as a trader you need to be comfortable with the decisions that you make. I started off with trading microlots and now I'm trading mini lots and I'm comfortable within holding the drawdowns as long as I practice good MM.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #43,579
  • Apr 30, 2012 10:44pm Apr 30, 2012 10:44pm
Quoting 2+2=4ex
Hellooooo!

huhuhu

lol
hahahahha....lets watching RBA very closely...hehehehe
Bismillah
  • #43,580
  • Apr 30, 2012 10:49pm Apr 30, 2012 10:49pm
Quoting krunfx
hahahahha....lets watching RBA very closely...hehehehe
totally agree, 3 pages on negative carry... seriously?
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