Ok, lets have a look at both sides for the time frame of 12+hrs (i don't scalp, only trade 1-3time a day and may hold for days) Reasons for Short: - Technically on the H4 chart its clearly on a down trend (may argue its at the bottom) - Technically ...

AUD/USD

So according to this, eventually we will run out of asian buyers and EUR and AUD is faced with heavy drops?

AUD/USD

Well.. ok so data is pretty on par with the forecast... One extra reason in the "short" basket

AUD/USD

No, i don't see what your seeing. Maybe you should draw it out for us. Are you trying to say its going to head up to 89.30 and then from there its all the way down or are you saying it will head up to 89.30 and the it will continue to go up but your ...

AUD/USD

And i'll back this chart up with a Chart of Gold with some pretty decending triangles on the H4 chart. But i'll also be keeping a firm eye on the ADP Non-Farm Employment Change soon. If the US gets good news or possibily even as forcasted, i see a ...

AUD/USD

Some lighthearted entertaiment on todays rate decision as we wait for the drop url

AUD/USD

I took a short @ 0.8835 on the drop this afternoon. Just came back from dinner and it seems its retracing back up further... The only thing that is making me feel slightly uncomfortable is the rising gold prices

AUD/USD

I think i would go crazy if i ever traded forex full time and as my sole source of income. The lack of social interaction and constant monitoring of charts does not go down too well with me or my trading style. I think my ideal "trading life" would ...

list of traders for living

You really need to compare the news to the forecast and really have the self control to stay out if the news is only slightly different, even if you have spent hours before hand planning the trade. I usually trade only if the deviation was double or ...

News Breakout Strategies: who's got one?

Ok i'm going to give this a go. The following are short term (6-12hr) positions (which i think is relatively conservative) i have set up. R3 - 0.9137 R2 - 0.9092 R1 - 0.9018 Piv- 0.8973 S1 - 0.8899 S2 - 0.8854 Currently @ 0.8930 Senario1 - Price ...

AUD traders thread

Thanks for the heads up on this. I placed a limit buy order this morning before work @ 1.3960, but didn't have too much time to thoroughly anaylsis it myself so place a safe tp at 1.4000, nevertheless a good 40pips on top of works pay

Geppyg Charts Only

Here is an example of a news trade i did tonight for the GBP/USD based on UK GDP I took a note of the pre-release level which was hold at around 1.6200 Waited for the news to be released and only traded if there was a distinct deviation from the ...

News Breakout Strategies: who's got one?

But that was for a different reason. Crappy news came out for the pound Where as AUD is being affected by crappy news from china

AUD/USD

Hitting the daily pivot points very nicely. I'm positioning a small long @ 8920 TP8965 SL8900 Long for AUD is very risky at the moment, better to stay out and trade something else

AUD/USD

Anyone here getting a sense of Deja vu of last friday evening?

AUD/USD

I'm not having a dig at you. I'm also not very happy at what this thread is becoming in the last few months since i've joined. It was just a friendly point at a possible solution/thread that is being implemented at the moment.

AUD/USD

@Geppyg maybe this thread can be for the daytraders/scalper and it will be better to post longer term outlooks here url

AUD/USD

Some of my most "solid" and profitable trades are from news trades. Here what i'll usually trade CPI, Interest rate, GDP, non-farm, unemployment, retail data from US, GB, AUS, NZ, CAN. The key to news trading is pre-planning and patience. Here what ...

News Breakout Strategies: who's got one?

Heres how i see it. potential risk% is reduce (i.e less profit/risk) however a larger capital is used to enter position of buying into two companies Why not just buy into one company with a higher risk% (i.e more profit/risk? in the end the $$$ will ...

What's the point of hedging?

Oh thanks for that link.. So its just some convoluted term that people throw around to make themselves sound smart when in actual fact its pointless.

What's the point of hedging?