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  • #681
  • Apr 29, 2016 12:38am Apr 29, 2016 12:38am
Quoting PaulDaemon
{quote} Also using small positions if a trade goes wrong you have room to hedge, and instead of taking a loss you just lock it in and keep trading until price reverses.
as I said Paul this is my style of trading , one of the things I learnt our the 20 years or so is the benefit of the swap I learnt positive swaps can be a winner long term and if the trend is right positive swaps are a extra money , I very rarely do a trade that has a negative swap when a wide gap happens and the trend is right for a negative swap I will do it , I also went through all the pairs to find out which pays the biggest positive swaps and have them on a chart , I then found the historical highs and lows of the pairs , I have preorders in on high paying swaps where and near the historical highs and lows are every now and then one hits and I am set with that trade , more than one way to make money on forex , i have worked out a plan it took a while but i got to know some pairs very very well , it is worth the effort to make this kind of plan ,
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  • #682
  • Apr 29, 2016 5:12am Apr 29, 2016 5:12am
more - like PA I traded the aud/usd for years got to know it well I only traded the aud/usd after I got to know it pretty well I moved on to other pairs slowly , the key was learning one pair only , the next thing I learnt never go against a trend I got burnt when I did that's why the bigger time frames are important for trends lesson learnt the hard way , the swaps came next when on a 10cent trade I made a profit but the swap ate most of it up if holding a few days was disappointed when I made 11.12 and swap was -$5.30 , aud negative swap at the time was $13.90 for a $1.00 sell I held for 4 days lesson learnt again so its important that you check ,
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  • #683
  • Apr 29, 2016 6:54pm Apr 29, 2016 6:54pm
Quoting Aussi
more - like PA I traded the aud/usd for years got to know it well I only traded the aud/usd after I got to know it pretty well I moved on to other pairs slowly , the key was learning one pair only , the next thing I learnt never go against a trend I got burnt when I did that's why the bigger time frames are important for trends lesson learnt the hard way , the swaps came next when on a 10cent trade I made a profit but the swap ate most of it up if holding a few days was disappointed when I made 11.12 and swap was -$5.30 , aud negative swap at the...
If you use swap as a base for a trade, how did you trade AUD for the last 2 years, when it was falling? And why do you say - never go against the trend if the trend for AUD is DOWN and positive swaps are on the way UP? What happened to AUD the last 3 months is just a small bounce on the road DOWN, soon it'll be business as usual - new lows.
  • #684
  • Apr 29, 2016 8:15pm Apr 29, 2016 8:15pm
Quoting cold chisel
{quote} If you use swap as a base for a trade, how did you trade AUD for the last 2 years, when it was falling? And why do you say - never go against the trend if the trend for AUD is DOWN and positive swaps are on the way UP? What happened to AUD the last 3 months is just a small bounce on the road DOWN, soon it'll be business as usual - new lows.



it seems to me you didn't read it right , here is the answer to you question ............ I very rarely do a trade that has a negative swap when a wide gap happens and the trend is right for a negative swap I will do it ,
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  • #685
  • May 1, 2016 4:23am May 1, 2016 4:23am
china news not good to day so watch gap Monday remembering Monday is a holiday here
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  • #686
  • May 1, 2016 7:18pm May 1, 2016 7:18pm
morning all mothersday in qld
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  • #687
  • May 1, 2016 7:18pm May 1, 2016 7:18pm
Hi everyone, hope things are going well. Just looking over the charts and while I don't think Aussie is going to go down without a fight...I do think there are going to be more opportunities to sell rallies. Trade Smart and Happy Trading this week!
  • #688
  • May 1, 2016 7:26pm May 1, 2016 7:26pm
Quoting PA is King
Hi everyone, hope things are going well. Just looking over the charts and while I don't think Aussie is going to go down without a fight...I do think there are going to be more opportunities to sell rallies. Trade Smart and Happy Trading this week!
hi mate election doudle speaks being going all week asx200 as we speak falling badly, I have a buy aud on open just got rid of it but put one back in place we see
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  • #689
  • May 1, 2016 9:13pm May 1, 2016 9:13pm
Quoting Aussi
morning all mothersday in qld

Mothers day is next Sunday here isn't it?
Bloody hope so or I'm in trouble!
Wealth comes from what you keep, not what you earn
  • #690
  • May 1, 2016 9:49pm May 1, 2016 9:49pm
Quoting trader34
{quote} Mothers day is next Sunday here isn't it? Bloody hope so or I'm in trouble!
got my wires crossed its labour day
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  • #691
  • May 2, 2016 4:16am May 2, 2016 4:16am
Quoting trader34
{quote} Mothers day is next Sunday here isn't it? Bloody hope so or I'm in trouble!
HaHa ,our mate Aussi did have me confused there for a while.
  • #692
  • May 2, 2016 4:39am May 2, 2016 4:39am
Quoting buster48
{quote} HaHa ,our mate Aussi did have me confused there for a while.
not only you mate but me to
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  • #693
  • May 2, 2016 11:54am May 2, 2016 11:54am
​Hi Everyone: Do you think AUSSIE will reduce interest rate or launch some QEs tonight/tomorrow morning?
  • #694
  • May 2, 2016 5:48pm May 2, 2016 5:48pm
Quoting Fadhl
​Hi Everyone: Do you think AUSSIE will reduce interest rate or launch some QEs tonight/tomorrow morning?
Are you kidding me? The RBA does not do "QE" full stop. And they are not going to drop rates today either.
  • #695
  • May 2, 2016 6:32pm May 2, 2016 6:32pm
Quoting Starcraftmaz
{quote} Are you kidding me? The RBA does not do "QE" full stop. And they are not going to drop rates today either.
Not sure why you are so sure there won't be a cut in interest rates today (you used guaranteed in other thread) when futures pricing has it as 53% chance http://www.asx.com.au/data/trt/TargetRateTracker.htm
I get your opinion that they will save their bullets for if/when Australia loses AAA credit rating but with our current interest rates a 25pt cut today would not preclude further cut/s if/when our credit rating is downgraded.

With RBA decision and budget release price movement will be more volatile.
Hope for the best, prepare for the worst.
  • #696
  • May 2, 2016 6:47pm May 2, 2016 6:47pm
Quoting dab
{quote} Not sure why you are so sure there won't be a cut in interest rates today (you used guaranteed in other thread) when futures pricing has it as 53% chance http://www.asx.com.au/data/trt/TargetRateTracker.htm I get your opinion that they will save their bullets for if/when Australia loses AAA credit rating but with our current interest rates a 25pt cut today would not preclude further cut/s if/when our credit rating is downgraded. With RBA decision and budget release price movement will be more volatile.
The AAA thing was just a side-note article. Most of the markets don't live in Australia or understand/analyse the RBA properly. They are not a central bank which will sporadically change interest rates based on one data point. There are many other factors in play like a red-hot property market which needs to be cooled down, and Glen Stevens has said many times he thinks they've done all they can, and any further action will increase risk without having any positive outcome.

The price of oil dropped, CPI went down accordingly - in the greater scheme of things, it doesn't mean anything, and it certainly will not be the catalyst of an interest rate cut.
  • #697
  • May 2, 2016 7:35pm May 2, 2016 7:35pm
Rally up around .7700-7720 that stalls might be a good sell point.
  • #698
  • May 2, 2016 7:57pm May 2, 2016 7:57pm
Quoting PA is King
Rally up around .7700-7720 that stalls might be a good sell point.
some interest in the asx200 maybe a budget leak big candle lol
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  • #699
  • May 2, 2016 8:04pm May 2, 2016 8:04pm
Quoting Aussi
{quote} some interest in the asx200 maybe a budget leak big candle lol
Your signature is interesting in light of your story about your wife imposing a choice on you in news thread
Hope for the best, prepare for the worst.
  • #700
  • May 2, 2016 8:13pm May 2, 2016 8:13pm
Quoting dab
{quote} Your signature is interesting in light of your story about your wife imposing a choice on you in news thread
I live with a wonderful lady dab she is formidable to say the least , and she must be obeyed , I love being fed and let me say a bloody good cook , I do know my place and so does she
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