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GBP/AUD

  • #741
  • Dec 16, 2015 5:06am Dec 16, 2015 5:06am
Paul, Whats your entry method - thanks Mark


Quoting PaulDaemon
{quote} Also with this pair must watch your lot size because it can kill your account in minutes. On 40k Im using 2 lots. When in profit cut as soon as possible what ever it is $50, $100, $200 whats ever . I try aim anything from 10 to 50 pips per trade. What ever its gives me I take. If it goes against you must cut but be prepared for losses of up to 100 200 pips. It happen to me and when it happens dont get mad just wait for next time and you will make it back in 1 or 2 days trading. Forget about text book stop loss theories for this pair because...
  • #742
  • Dec 16, 2015 5:23am Dec 16, 2015 5:23am
Quoting gomab11
{quote} yes still correcting..maybe i get my 660;s plus today....still short
hopefully it moved another 150 + pips like last night after breaking the range
  • #743
  • Dec 16, 2015 5:27am Dec 16, 2015 5:27am
Sharing my entry

Sell 0855 tp 0700 sl 0925
  • #744
  • Dec 16, 2015 5:31am Dec 16, 2015 5:31am
Quoting 3013
Sharing my entry Sell 0855 tp 0700 sl 0925
nice
  • #745
  • Dec 16, 2015 6:11am Dec 16, 2015 6:11am
quick short 2.098
  • #746
  • Dec 16, 2015 6:20am Dec 16, 2015 6:20am
Quoting pips2504
sentiment on gbp is currently negative - that said - with the main event only a few hours away all bets should be off, expecting huge volatility
whats fomc got to do with this pair , saying that anyone traded this during fomc does it get affected ?
  • #747
  • Dec 16, 2015 6:41am Dec 16, 2015 6:41am
Quoting Pip-Miner
{quote} whats fomc got to do with this pair , saying that anyone traded this during fomc does it get affected ?

Hi Miner... usually, if the USD surges, you will see both AUDUSD and GBPUSD going down, and vice versa. That said, then GBPAUD will surge up. This is due to the fact that in GBPAUD, AUD is the denominator, GBP is the numerator. Applying simple mathematics, a change in one pip in AUDUSD is reflected into about 2.1 pips in GBPAUD. Likewise, a change of one pip in GBPUSD is reflected into 0.7 - 0.8 pip inGBPAUD.

I hope I have explained it.
  • #748
  • Dec 16, 2015 6:42am Dec 16, 2015 6:42am
Quoting 3013
Sharing my entry Sell 0855 tp 0700 sl 0925
I cut loss already. 35 pip loss.No more sharing. Two consecitive loss already for today.
  • #749
  • Dec 16, 2015 7:03am Dec 16, 2015 7:03am
its time to get paid on shorts..lets gooooooo
I'm not a "Businessman" I'm a "Business-man"!! Jay-Z
  • #750
  • Dec 16, 2015 7:23am Dec 16, 2015 7:23am
Quoting PaulDaemon
{quote} Also with this pair must watch your lot size because it can kill your account in minutes. On 40k Im using 2 lots. When in profit cut as soon as possible what ever it is $50, $100, $200 whats ever . I try aim anything from 10 to 50 pips per trade. What ever its gives me I take. If it goes against you must cut but be prepared for losses of up to 100 200 pips. It happen to me and when it happens dont get mad just wait for next time and you will make it back in 1 or 2 days trading. Forget about text book stop loss theories for this pair because...
I agree for this pair , Fundamental is more important than technical.
Averaging works for me
  • #751
  • Dec 16, 2015 7:28am Dec 16, 2015 7:28am
Quoting imadssb
{quote} Hi Miner... usually, if the USD surges, you will see both AUDUSD and GBPUSD going down, and vice versa. That said, then GBPAUD will surge up. This is due to the fact that in GBPAUD, AUD is the denominator, GBP is the numerator. Applying simple mathematics, a change in one pip in AUDUSD is reflected into about 2.1 pips in GBPAUD. Likewise, a change of one pip in GBPUSD is reflected into 0.7 - 0.8 pip inGBPAUD. I hope I have explained it.
fomc is in 3 hours anyway , the way thing moves who cares
  • #752
  • Dec 16, 2015 9:09am Dec 16, 2015 9:09am
added to shorts 0818;s
I'm not a "Businessman" I'm a "Business-man"!! Jay-Z
  • #753
  • Dec 16, 2015 1:18pm Dec 16, 2015 1:18pm
hope you all stayed short...
I'm not a "Businessman" I'm a "Business-man"!! Jay-Z
  • #754
  • Dec 16, 2015 2:10pm Dec 16, 2015 2:10pm
added another short 0746's
I'm not a "Businessman" I'm a "Business-man"!! Jay-Z
  • #755
  • Dec 16, 2015 2:56pm Dec 16, 2015 2:56pm
Quoting gomab11
hope you all stayed short...
  • #756
  • Dec 16, 2015 3:04pm Dec 16, 2015 3:04pm
Quoting 3013
{quote} I cut loss already. 35 pip loss.No more sharing. Two consecitive loss already for today.
Another good trade 3013, you need to stay in and hold your faith. it was a good set up. Keep sharing, i am looking for the same set ups and it is a good confirmation.
re enter: sell limit at 08201 tp 05875
  • #757
  • Dec 16, 2015 3:14pm Dec 16, 2015 3:14pm
very nice reversal currently, just broke the daily like the other g pairs
  • #758
  • Dec 16, 2015 3:45pm Dec 16, 2015 3:45pm
Quoting ghf
{quote} Another good trade 3013, you need to stay in and hold your faith. it was a good set up. Keep sharing, i am looking for the same set ups and it is a good confirmation. re enter: sell limit at 08201 tp 05875
Yeah..i should hold that yesterday. I will continue to trade this pair as usual...make good profit actually. But, don't feel good toshare entry here after 2 consecutive loss. Buy the way now i am looking to buy at aroung 0775. Look like strong a rreversal in progress...
  • #759
  • Dec 16, 2015 4:00pm Dec 16, 2015 4:00pm
i just got in if thats any confirmation for you
  • #760
  • Dec 16, 2015 5:11pm Dec 16, 2015 5:11pm
Im still short..havnt seen reason to long yet..watching...
I'm not a "Businessman" I'm a "Business-man"!! Jay-Z
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