Trading -AUD/USD

tradingjournals · Nov 14, 2013

In conversion when price did not move, yes. In thinking, evaluation and conversions across time, it is unclear.

My notation can explain why two individuals could become "richer" in their own currencies after trading with each other. Your way of looking at it will make it look like a paradox.

xelite777 · Nov 14, 2013

Long EUR/NZD at 1.6225

Like the GBP/NZD, this pair is very volatile!

xelite777 · Nov 15, 2013

Quote from tradingjournals:

My notation can explain why two individuals could become "richer" in their own currencies after trading with each other.

Wait a minute, if I trade Yen against dollars with you for example and I win $10.000, that money is coming from your pocket, so how can we both be richer after that transaction??

The Forex and the Futures markets are both zero-sum games, no new money is ever created.

Visaria · Nov 15, 2013

Quote from xelite777:

Wait a minute, if I trade Yen against dollars with you for example and I win $10.000, that money is coming from your pocket, so how can we both be richer after that transaction??

The Forex and the Futures markets are both zero-sum games, no new money is ever created.

yet money is created (and destroyed ) from central bank operations and credit expansion and contraction from financial institutions.

Visaria · Nov 15, 2013

Quote from xelite777:

Too bad you closed this trade too soon, as shown on the chart I gave you, the AUD/JPY bounced off that new support line and is now at 93.60, 77 pips above your entry point.

9356 was my target as well :mad:

xelite777 · Nov 15, 2013

Quote from xelite777:

Long EUR/NZD at 1.6225

Dumping EUR/NZD at 1.6216 (9 pip loss) and buying NZD/USD at 0.8290

xelite777 · Nov 15, 2013

Quote from xelite777:

Dumping EUR/NZD at 1.6216 (9 pip loss) and buying NZD/USD at 0.8290

Out at 0.8295 (+5 pips). Fridays are usually hard to decode and trade.

ramora · Nov 15, 2013

Quote from xelite777:

Out at 0.8295 (+5 pips). Fridays are usually hard to decode and trade.

Very slow... well done. xelite, are you a systems trader, price action, support/resistance, other? What works, or does not work?

Have a good weekend,

Visaria · Nov 18, 2013

Quote from Visaria:

didnt buy usdjpy before, but just bought it at 100.18!

stopped at 9994

tradingjournals · Nov 18, 2013

AUD/JPY @ 94.02. Short side. My models are bearish the stock market with SPY at 180.50. I believe this pair generally reflect the stock market. If someone has correlation, pls. share.