AUD/USD | Page 2810 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply

The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies

AUD Trade Balance and AUD Retail sales 6 replies

Attachments: AUD/USD
Exit Attachments

AUD/USD

  • #56,181
  • Nov 11, 2012 9:41pm Nov 11, 2012 9:41pm
Quoting ForExtraPips
I'm thinking of shorting it @ 1.0422
You mind me asking what is the reasoning behind this short? Thanks!
  • #56,182
  • Nov 11, 2012 9:50pm Nov 11, 2012 9:50pm
Quoting 100PipsADay
You mind me asking what is the reasoning behind this short? Thanks!
61.8 Golden ratio type thingy. Man, is it trying so hard to touch my sell limit. One tenth of a pip shy.
Attached Image (click to enlarge)
Click to Enlarge Name: hard to see.jpg Size: 80 KB
Time turns trend. - W.D. Gann
  • #56,183
  • Nov 11, 2012 10:06pm Nov 11, 2012 10:06pm
Quoting ForExtraPips
61.8 Golden ratio type thingy. Man, is it trying so hard to touch my sell limit. One tenth of a pip shy.

That's a bit rough - what spread are you being quoted ?
My trading platform went 1.0422 Bid (or better) 7 times between 3.15 & 3.30.pm (SYD) . Spread varied between 0.7 & 0.9 pips .
Have a Hi of 1.04226 bid / 1.04235 offered , at 3.19.pm .
  • #56,184
  • Nov 11, 2012 10:28pm Nov 11, 2012 10:28pm
Quoting Balmain Boy
That's a bit rough - what spread are you being quoted ?
My trading platform went 1.0422 Bid (or better) 7 times between 3.15 & 3.30.pm (SYD) . Spread varied between 0.7 & 0.9 pips .
Have a Hi of 1.04226 bid / 1.04235 offered , at 3.19.pm .
3.3 spread with IBFX
Time turns trend. - W.D. Gann
  • #56,185
  • Nov 11, 2012 10:37pm Nov 11, 2012 10:37pm
Quoting ForExtraPips
3.3 spread with IBFX
Wow!! That's horrendous .
Why do choose to you deal with them when there's so much competition in the marketplace for your business these days ?

BTW , hitting your price again here - new Hi of 1.04227 bid
  • #56,186
  • Nov 11, 2012 10:43pm Nov 11, 2012 10:43pm
Quoting Balmain Boy
Wow!! That's horrendous .
Why do choose to you deal with them when there's so much competition in the marketplace for your business these days ?

BTW , hitting your price again here - new Hi of 1.04227 bid
Because I normally trade the E/U, which they offer a reasonable spread, but after adding the AUD to my trading, I may have to shop around for a better spread. Thanks for the heads up.
Time turns trend. - W.D. Gann
  • #56,187
  • Nov 11, 2012 10:48pm Nov 11, 2012 10:48pm
Quoting ForExtraPips
Because I normally trade the E/U, which they offer a reasonable spread, but after adding the AUD to my trading, I may have to shop around for a better spread. Thanks for the heads up.
3.3 is not THAT bad... Unless of course you are using some sort of High Frequency trading EA (bot) and are doing hundreds or even thousands of trades a month. I'm getting 2.7 with FXCM...

I could care less about 2-5 pip difference in spread as I normally target +300 pips per trade. Don't always get it, but I'm definitely not out trying to get 5-10 pips per trade.

I would rather have my capital safe with a reliable brokerage firm and pay a slightly steeper spread then get with some "fly by night" brokerage firm that offers all kinds of perks and bonuses.

People often forget about the return OF their investment rather than the return ON their investment.
  • #56,188
  • Nov 11, 2012 10:50pm Nov 11, 2012 10:50pm
Quoting ForExtraPips
Because I normally trade the E/U, which they offer a reasonable spread, but after adding the AUD to my trading, I may have to shop around for a better spread. Thanks for the heads up.
I've currently got .6 for a/u and .3 for e/u with Pepperstone.
FF journal: Peaks and Troffs
  • #56,189
  • Nov 11, 2012 10:54pm Nov 11, 2012 10:54pm
Quoting ForExtraPips
Because I normally trade the E/U, which they offer a reasonable spread, but after adding the AUD to my trading, I may have to shop around for a better spread. Thanks for the heads up.

I use this firm , 0.7 pips for EUR/USD as well ; http://www.cmcmarkets.com.au/cfd/spr...r-lowest-costs
And this shows their average spreads as well as their mininum - very competitive ; http://www.cmcmarkets.com.au/cfd/spr...ypical-spreads
  • #56,190
  • Nov 11, 2012 10:56pm Nov 11, 2012 10:56pm
Quoting bogus
I've currently got .6 for a/u and .3 for e/u with Pepperstone.
I've also heard PepperStone has good rates as well, is this the "razor" account?
  • #56,191
  • Nov 11, 2012 10:59pm Nov 11, 2012 10:59pm
Quoting Balmain Boy
I use this firm , 0.7 pips for EUR/USD as well ; http://www.cmcmarkets.com.au/cfd/spr...r-lowest-costs
And this shows their average spreads as well as their mininum - very competitive ; http://www.cmcmarkets.com.au/cfd/spr...ypical-spreads
you have a comission per trade?
  • #56,192
  • Nov 11, 2012 11:00pm Nov 11, 2012 11:00pm
Quoting 100PipsADay
3.3 is not THAT bad... Unless of course you are using some sort of High Frequency trading EA (bot) and are doing hundreds or even thousands of trades a month. I'm getting 2.7 with FXCM...

I could care less about 2-5 pip difference in spread as I normally target +300 pips per trade. Don't always get it, but I'm definitely not out trying to get 5-10 pips per trade.

I would rather have my capital safe with a reliable brokerage firm and pay a slightly steeper spread then get with some "fly by night" brokerage firm that offers all kinds of perks...
I can certainly see why a tight spread isn't as imperative to you as it is to me .
I'm a jobber - have been for over 25 years . Tight spreads are a fundamental requirement for me .
  • #56,193
  • Nov 11, 2012 11:00pm Nov 11, 2012 11:00pm
Quoting Tim_isoara
you have a comission per trade?
No .
  • #56,194
  • Nov 11, 2012 11:01pm Nov 11, 2012 11:01pm
Quoting 100PipsADay
I've also heard PepperStone has good rates as well, is this the "razor" account?
Sorry, Plus commission. Still works out great. Yes Razor a/c.
FF journal: Peaks and Troffs
  • #56,195
  • Nov 11, 2012 11:05pm Nov 11, 2012 11:05pm
Quoting 100PipsADay
3.3 is not THAT bad... Unless of course you are using some sort of High Frequency trading EA (bot) and are doing hundreds or even thousands of trades a month. I'm getting 2.7 with FXCM...

I could care less about 2-5 pip difference in spread as I normally target +300 pips per trade. Don't always get it, but I'm definitely not out trying to get 5-10 pips per trade.

I would rather have my capital safe with a reliable brokerage firm and pay a slightly steeper spread then get with some "fly by night" brokerage firm that offers all kinds of perks...
Good point in your analogy on spreads. I'm satisfied with IBFX. And like you, a lot of my "set an forget" trades are for a higher amount of pips.
Time turns trend. - W.D. Gann
  • #56,196
  • Nov 11, 2012 11:12pm Nov 11, 2012 11:12pm
Quoting Balmain Boy
I can certainly see why a tight spread isn't as imperative to you as it is to me .
I'm a jobber - have been for over 25 years . Tight spreads are a fundamental requirement for me .
I understand. Different strategies have different needs. Like I always say, find whatever works for you and stick with it! Forgot to mention, your spreads definitely are competitive! 0.7... WOW!
  • #56,197
  • Nov 11, 2012 11:13pm Nov 11, 2012 11:13pm
Quoting bogus
Sorry, Plus commission. Still works out great. Yes Razor a/c.
Nice! When I was comparing brokers I noticed the Razor accounts had really tight spreads! But I don't think they allow US citizens, could be wrong though...
  • #56,198
  • Nov 11, 2012 11:18pm Nov 11, 2012 11:18pm
Quoting 100PipsADay
Nice! When I was comparing brokers I noticed the Razor accounts had really tight spreads! But I don't think they allow US citizens, could be wrong though...
I think so, move to Monaco with me
FF journal: Peaks and Troffs
  • #56,199
  • Nov 11, 2012 11:20pm Nov 11, 2012 11:20pm
Quoting bogus
I think so, move to Monaco with me
Hahaha. I'm definitely getting the hell out of the US as soon as my finances allow me to.

Have a few different places on my radar!
  • #56,200
  • Nov 11, 2012 11:30pm Nov 11, 2012 11:30pm
Anybody know if the US stock market is open tomorrow? Reason I ask is because it is "Veteran's Day" so I'm not sure...

Thank you in advance!
42 traders viewing now