Make 500+ a day trading the AUD

There you have it, the "secret" to making money in your sleep !!!

lolololol whippet, thanks. Glad to be of service.

I put in 500 to make it more acceptable.Can't put in the real numbers as no one would believe it[;)]

trade alert in the AUD

it is again above  a $ . look for  a place to short.

Reserve bank left rates unchanged today after meeting.

Gotta be  50/100 pips in this  trade currently a minute 16.

good luck traders.

*money*

Who said you can't make this stuff up?



I still haven't decided who the biggest stooge is, wipeout or Mr Bean. It's a toss up.

TOP STUFF

I still think gold will head towards $1250-1300 over the next few weeks, before establishing a position there for a while, before increasing again later in the year. Silver, will probably do something similar. I can't see it going below about $26.50.

In other markets, I also think we are at the beginning of a bit of a bull run on equities tbh. Long on any US stocks is a good plan, at least for the near term.

On to other things, one stock I believe you should check out ben is Illumina Inc. I have tipped this stock a few times on this board, starting when it was at $40 earlier this year (I've been in for a number of years now). Now trading at $71, but there is potentially massive, massive upside in this still. Some analysts have a target price of $85 for this in the short term, but I see it being several times that in the medium to long term.

The company is pretty much entrenched as the leading sequencing instrument provider. I have gone through all rival technology with a fine tooth-comb, and there is nothing out there that can compete. Well, actually, that isn't entirely true. There is a new technology being developed by a company called Oxford Nanopore which I think looks rather good. Details of the system was released last week, and it is potentially massive and would revolutionise sequencing. The good news, however, is that Illumina have already agreed a sales/marketing agreement for this technology, and already own a large % of shares in oxford nanopore. There is a strong possibility that they would in fact takeover nanopore at some point.

So for these reasons, this share is a massive buy. The market for sequencing instruments is set to grow 20% a year anyway, which means minimal downside for this share. If a sequencer could be made cheap enough, which future illumina/nanopore technology could do, then we would see massive demand for sequencing, and the market would be worth billions a year. With 6 billion people on this planet, most of which could benefit from having their genome sequenced, you can see the huge potential this has, if it can be made cheap enough. I see it a lot like the computer revolution, which started out with massive machines that only a few people owned, and has now developed into what we have today. Genome sequencing will go the same way, provided it is made cheap enough. Whilst we won't need our very own sequencer at home, there are certainly benefits of having one at every hospital, clinic or doctors surgery.

Illumina's market cap is only $8.9 billion at the moment, so as you see, the potential is huge. Definitely a great bet, as at worst, you would see a reasonable return on your investment over a few years. At best, well, you will make loads.

There's definitely a lot of potential in the biotech industry, and also biopharmaceuticals. This is another area that links well to DNA sequencing. If that is made cheap and fast, then companies researching very targeted treatments will benefit massively. This industry will eventually become what big traditional pharma used to be, and we will gradually see companies like Pfizer and GSK die off, the process of which has already began.

I have been alerted to some potentially massive products by my industry contacts, and am currently conducting due diligence on these companies. I will let you know my findings in due course.   

Good luck with your trades, not that you need it. keep up the good work.

AUD hits 101.96 this morning.Showing a  lot of strength.

time to get short, will wait till tonight sessions evolves before picking a spot.

I feel a nice profit coming on[:o]

good luck to all traders.

Whippet
Date Joined:     01 Oct 07
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01 Feb 11 20:08
Thanks for the heads up ben. I've been a bit busy today monitoring my other positions, but will make a mental note to look to short this when it gets near 1.02



It hit 1.02 at 2pm GMT today, and went straight the other way, and is now trading at 1.011. Looks like I was right again. Top stuff. Hope you were on ben.

Whippet
It hit 1.02 at 2pm GMT today, and went straight the other way, and is now trading at 1.011. Looks like I was right again.  Top stuff. Hope you were on ben.
[:D][:D][:D][:D][:D][:D][:D][:D][:p][:p][:p][:p][:p]

Too easy whippet!!!!

Did'nt think we would get so much so quick!! Its volatility is a truely beautiful thing

Platinum is up 60$ since I bought it, check it out, headed over 2000$ soon.

Was watching a programme on commodities in general this morning, cotton hit 50 year highs apparently,sugar is near all time highs, many commodities, especially softs are going on bull runs.

  The programm argued that population coupled with inceased living standards means demand is increased, but supply, due to weather events is in a perilous condition.

  I think i will check out more softs and get involved.Follow the bulls up and  then get out as the bubble forms.
   Silver is going well.You must be a happy boy whippet!!!

MrBen

Trading in this way is like p*ssing in the wind. As a retail trader you should look to ride the trades of the big guys, not take them on, as you are likely to lose.

In February A/U has been ranging from 99.6 to 1.018. You are shorting towards the bottom of that range.

In the last month A/U couldn't hold a close below parity, and parity is likely to be acting as support, rather than resistance.

In my opinion you are better off looking for reversal signals rather than having a number in your mind and hoping that it reverses there.

Good luck though.

No probs.

There are always little mini-trends that can run counter to the main trend. However, I usually work the opposite way to you. In forex there are a millions different ways of making (and losing) $$$. With A/U in a strong uptrend I'd rather wait for a retracement and buy at support. However, even strong trends run out of steam.

I've put my indicators on an AU chart and the move up today should be capped below  around 1.019 before retracing down to around 1.007 (50% retracement from recent move up) or 1.006 (a former resistance level that may now act as support).

Below that is a trendline that forms an ascending triangle. This is a bullish formation. It looks quite clear on the daily chart. Buying on a reversal back upwards here would give you a strong chance of some $$$ (in my opinion).

If it breaks and closes below here you should be in the $$$!

Hi MrBen

AU has had a bounce from 1.008 ish. The bounce should be capped between 1.0132 to 1.014 before heading back down.

However, it's in the middle of a range so no point in adding to any positions.

Still a 110 or so pips away from the slope of the triangle.

I wouldn't take any notice of Wayne Swan. Almost as clueless as Jooliaaa.

wipeout, care to share with us why exactly 1.02 is the magic number? Is it because of analyzing charts, is it because of some MA, is it because of some other TA, is it because you consulted a tarot reader, or is it because you simply just pulled it out of your arse?

The funniest thing about this thread is that neither you or MrBean seem to have a clue why the AUS is doing what is doing. Pastie at least posted some reference to TA as his basis for making decisions on direction.

In the meantime, keep piling up those imaginary profits.

AUD currently being supported by  reinsurance payment being made for the QLD floods.Thats why you see it punching up.

A well know chartist has it going to 1.07!

Whippet Joined: 01 Oct 07
Replies: 4348 27 Mar 11 23:45 

For all ben's followers: there is another AUD/USD trade developing now. Short at anything above 1.02.



It hit 1.0416 this morning, should I start shorting yet or is it too early?

I'd change the Tarot reader you are using if I were you.

great day on the AUD yesterday.

hit 105.70 then fell to 103.97 on " nuclear concerns"

then back up to over 105 , then back to 104.5 this morning.tremendous 36 hours for AUD traders.

hows that hyperinflation working out for you melly?

tell us melly- how much are you making from your hyperinflation trade?

Spot on whippet!!

but I know why melly is obsessed.He does'nt trade. He is too busy taking trips to new york and scanning the horizon for signs of hyperinflation

actually the real reason is ....... melly has NEVER TRADED!  You dont see people posting here who do trade saying its not possible.Because they know very well it is.

J2 has posted that he is 23yo and  does not trade but buys metals, and sits on them presumably. He is a hyperflation/melly supporter. Can't really give him too hard a time as at 23yo he has little experience.Thats why he supports melly.

   Melly is the same.He has little experience and does not trade.Hence he simply does not understand long, short, hedge,  long stops and oh this one he seems to have missed completly- PROFIT TAKING. I  don't think he's heard of it.

  Anyway who really cares, he's a waste of space and internet ink { and its all free}.It is entertaining though to watch someone so totally clueless try to defend himself.There really are some dropkicks on forums.

   Gotta go - I have to get to the coast and keep watch for that  financial tsunami[;)][;)][;)][smiley:crazy][smiley:crazy][:p][:p]

got back from the coast yesterday. Searched and searched. No signs.Asked a surfer dude after he got back onto the beach- hey mate, any sign of a finacial tsumami out  there?

naw I didn;t see anything, no signs of hyperinflation  either.

so there you have it,  no signs anywhere it seems.Just in the minds of the doomsayers it appears.[smiley:crazy]