Ivan's Trade Thread, part II

btowntrader54 · Jan 15, 2009

Quote from davidmaria1:

EUR/AUD has been in a range for over 6 hours.
When it breaks, it will be big, in my experience.
If it stays below 1.9900 for a while.
Been climbing since the 6th, still plenty of room.

Sold 1/2 my position for 179 pips - if it breaks 1.98 on a closing 1hour bar I'm holding the other half - if not I'm closing.

downrivertrader · Jan 15, 2009

Nice trade on this one.

davidmaria1 · Jan 15, 2009

WTF was that?

btowntrader54 · Jan 15, 2009

Thanks downriver

davidmaria1 · Jan 15, 2009

Spike down almost 100, then a reconnect on Oanda

Ivanovich · Jan 15, 2009

Trichet is clueless - we'll save the currency and lose the union.

He was actually looking rather hawkish. I love it

ganesh6 · Jan 16, 2009

what is the best time to trade EURAUD.
9am-12PM EST? (US markets open)
3am-6am EST? (Europe open)
6pm-9pm EST? (AUS Open)

Thanks.

btowntrader54 · Jan 16, 2009

Quote from ganesh6:

what is the best time to trade EURAUD.
9am-12PM EST? (US markets open)
3am-6am EST? (Europe open)
6pm-9pm EST? (AUS Open)

Thanks.

I don't know the best but I think it moves the most at the end of Europe and beginning of Asia. Check an hourly chart and see what the typical range is at varying times.

increasenow · Jan 16, 2009

Open Letter to SchraderTrader and DavidMaria...you guys rock in the EUR/AUD...honestly...very inspiring to look at this almost "exotic" pair and you guys trading it...great job...I am going to look at it over the weekend...keep up the great stuff...I'm out, IncreaseNow

davidmaria1 · Jan 16, 2009

Traded like crap this week. EUR/AUD ended up taking me for 50 pips by the end of the week.
"Exotic" my fat ass!! :mad:

It would seem Schradertrader had the other side from me!
Better to give than to receive (sure)!
Next week, it will all be a distant memory.
David.