It's typical ... as soon as I liquidate my USD it moves against me !
New strategy.
Maintain 50% USD 50% AUD
I am now immune to currency movements !
Adjust as required if I see any long term trends.
Plan ?
BTW thanks a lot for all the advice guys.
You fellas are gold and this is the go to forum...
I understand.
I can't trade forex on my IRA.
No margin.
Thinking about this a little more and taking the advice of one of the other posters I think I will just liquidate my USA into AUD.
This is legal.
I am not trading currencies.
I can convert to AUD at any time I am not in a trade. I guess that is the option.
The only problem with that is settlement. I have a lot just sitting in cash so I can get in and out quickly. (no margin).
T+2 and that cash gets tied up pretty quickly.
I have been...
I am an Aussie trading in US equities and making a fairly decent profit.
For most of this year it's been an easy ride with the forex AUD/USD being a wind at my back.
I am now facing a head wind as the Aussie Dollar is going up. Maybe not for long .. but who knows.
I make daily profits only to...
I just had a rather strange tick go through on WDAY.
It hit my stop but did not execute.
I am glad it didn't and I am not complaining because the market continued to rise.
It does screw with any TA though.
Anyone wanting to look at it. It was at 10:02
The bar is showing a large move down to...
Thanks DaveV,
I am already looking at SH which seems to be similar to the two above.
Anything that is holding futures seems to be classified as an ETN not an ETF, would I be correct in saying that ?
Looking for a little advice on just what the options are for shorting this market.
My account is cash only and I don't have the option and don't really want to directly short stocks.
So I had a look around at some stuff and found the inverse ETN's ...
I had a bit of a punt on the TVIX and did...
Yar.. Only interested in US equities.
That broker is the one that takes the paperwork then does nothing with it.
They are not really interested I am guessing.
ASX trading is too expensive compared to IB. I am spoilt.
Yup... all agreed there.
Hence why I don't trade Aussie stocks.
Trades too expensive and market liquidity is too thin except for the largest stocks.
Comsec, ANZ and all the rest want gold per trade, for what ? Jebuz.
Stuff that.
Gummint ? which gummint ? I lose track.