Tradefair & Financials
Welcome to Live View – Take the tour to learn more
Start Tour
There is currently 1 person viewing this thread.
For anyone trading fx or interested in trading fx, you won't see a better chart than the AUD for january 2011.After taking a nice size position b4 christmas I've been trading it all january.Both day trades and postion trades. About 70% shorts and 30% longs.
Everytime it gets to parity. it has a heart attack and falls back.Its simply a matter of waiting till parity approaches and shorting.Use appropriate position sizing and stops.Just this morning it hit a dollar again for about 1 minute b4 falling back to a low of 99.40.The trade took 1.5 hours.
Take a look.
It beats working!
Everytime it gets to parity. it has a heart attack and falls back.Its simply a matter of waiting till parity approaches and shorting.Use appropriate position sizing and stops.Just this morning it hit a dollar again for about 1 minute b4 falling back to a low of 99.40.The trade took 1.5 hours.
Take a look.
It beats working!
Show More
There you have it, the "secret" to making money in your sleep !!!
Great stuff ben 
Let's also not forget you tipped this almost a month ago, when it was 1.02. Take that, haters.
Btw, by 500, I assume that's 500k a day?
TOP STUFF
Let's also not forget you tipped this almost a month ago, when it was 1.02. Take that, haters.
Btw, by 500, I assume that's 500k a day?
TOP STUFF
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[;)]
I put in 500 to make it more acceptable.Can't put in the real numbers as no one would believe it[;)]
"The "make-money-in-your-sleep" project has been canceled due to lack of interest. In a related story, wipeout and Mr Bean finally come out of the closet and reveal they've been having an affair" BBC News
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.
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.
And making in your sleep works until.....one day it doesn't.
If you shorted the AUD today, you just had your scalp handed to you on a platter.
Up a massive 1.85pc as I type this:
http://finance.yahoo.com/q?s=AUDUSD=X
This is what happens when someone who doesn't even know how money gets created feels qualified enough to be recommending F/X trades on here.
Wipeout, did you follow, or you were lucky enough to avoid this slaughter? I doubt you are bright enough to have avoided it given your love affair with the Aussie
If you shorted the AUD today, you just had your scalp handed to you on a platter.
Up a massive 1.85pc as I type this:
http://finance.yahoo.com/q?s=AUDUSD=X
This is what happens when someone who doesn't even know how money gets created feels qualified enough to be recommending F/X trades on here.
Wipeout, did you follow, or you were lucky enough to avoid this slaughter? I doubt you are bright enough to have avoided it given your love affair with the Aussie
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. TOP STUFF.
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 haven't decided who the biggest stooge is, wipeout or Mr Bean. It's a toss up.
TOP STUFF
its getting there whippet.Couldnt post as the forum was under maintenance for 12 hours here.Woke up this morning it was 1.01.37, a huge rise overnight.Dow up 140, gold up, silver nudged up.
I got an itchy trigger finger so took a quick 20 pip short.Too easy.At these levels can play quick trades all day.
I'm also hoping it can get to 1.02 so can take a position short.
What do you think is going on with silver and gold? Gold was up despite indications egypt will blow over.
I bought a few platinums yesterday as well as its tied into the recovery.
All the best.
I got an itchy trigger finger so took a quick 20 pip short.Too easy.At these levels can play quick trades all day.
I'm also hoping it can get to 1.02 so can take a position short.
What do you think is going on with silver and gold? Gold was up despite indications egypt will blow over.
I bought a few platinums yesterday as well as its tied into the recovery.
All the best.
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.
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.
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.
I hope you realize that Mr Bean's prediction is gold under $1,000 by 3rd Qtr 2011 which is diametrically opposed to your expectation.......so tone it down on the hugs and kisses a little bit, it always made you look kind of pathetic anyways.
In other markets, I also think we are at the beginning of a bit of a bull run on equities tbh
The beginning??? Where have you been for the last 23 months, hiding under a rock??? The formula is simple, as long as the FED continues to drown the markets with liquidity, the markets will continue to move up. The minute the FED stops (if the USG ever figures out a way to cut their massive deficit in half - very doubtful), then not so much. It's the only "fundamental" you needed to know to trade these markets. Short term, it's a long overdue correction you need to worry about.
one stock I believe you should check out ben is Illumina Inc
Amazingly enough you seem to have bought at bottom for the year AGAIN since the stock was trading at $50 a month earlier. And if you use the $50 as your start point instead of the year's low then the stock hasn't outperformed the index by that much. I must admit that I haven't done any in-depth research on Illumina but when I see a an one year P/E ratio of 88 and an EV/FCF ratio of 35 over the trailing 12 months I usually flip the page and move on. Time will tell though and I do wish you luck with it.
Overall, a fairly decent post by you, may be because you finally posted something without expletives or blowing at Mr Bean.
Good luck.
I hope you realize that Mr Bean's prediction is gold under $1,000 by 3rd Qtr 2011 which is diametrically opposed to your expectation.......so tone it down on the hugs and kisses a little bit, it always made you look kind of pathetic anyways.
In other markets, I also think we are at the beginning of a bit of a bull run on equities tbh
The beginning??? Where have you been for the last 23 months, hiding under a rock??? The formula is simple, as long as the FED continues to drown the markets with liquidity, the markets will continue to move up. The minute the FED stops (if the USG ever figures out a way to cut their massive deficit in half - very doubtful), then not so much. It's the only "fundamental" you needed to know to trade these markets. Short term, it's a long overdue correction you need to worry about.
one stock I believe you should check out ben is Illumina Inc
Amazingly enough you seem to have bought at bottom for the year AGAIN since the stock was trading at $50 a month earlier. And if you use the $50 as your start point instead of the year's low then the stock hasn't outperformed the index by that much. I must admit that I haven't done any in-depth research on Illumina but when I see a an one year P/E ratio of 88 and an EV/FCF ratio of 35 over the trailing 12 months I usually flip the page and move on. Time will tell though and I do wish you luck with it.
Overall, a fairly decent post by you, may be because you finally posted something without expletives or blowing
at Mr Bean.Good luck.
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.
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.
Traders are skint following your recommendation to short at parity, an entire 200bps......in the wrong direction.
How you keep showing up on here posting this rubbish with a straight face is beyond me.
How you keep showing up on here posting this rubbish with a straight face is beyond me.
Whippet
Date Joined: 01 Oct 07
Add contact | Send message
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.
Date Joined: 01 Oct 07
Add contact | Send message
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.
Show
per page
sort by:
Whippet Joined: 01 Oct 07
Replies: 3532 04 Feb 11 18:01
Whippet
Date Joined: 01 Oct 07
Add contact | Send message
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. Laugh Top stuff. Hope you were on ben.
there, fixed that for you:
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 .
per page
sort by:
Whippet Joined: 01 Oct 07
Replies: 3532 04 Feb 11 18:01
Whippet
Date Joined: 01 Oct 07
Add contact | Send message
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
. Laugh Top stuff. Hope you were on ben. there, fixed that for you:
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!!!
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!!!
Hi Ben,
How are you getting on at the moment?
Silver is up to $33 now, happy days.
It looks like the small sell off on equities earlier this week has been halted, and the upwards trend has resumed. Onwards and upwards from here. Looks like those perma mugs who were gloating about the small correction have been well and truly shafted. Small corrections aren't really a problem for me, as I have been long equities since the golden cross on most indicies back in October.
You must be doing well trading the AUDUSD atm? It just hit 1.0172, I am going to wait till it hits 1.02 before shorting it again. Easy money
Good luck and happy trading.
How are you getting on at the moment?
Silver is up to $33 now, happy days.
It looks like the small sell off on equities earlier this week has been halted, and the upwards trend has resumed. Onwards and upwards from here. Looks like those perma mugs who were gloating about the small correction have been well and truly shafted. Small corrections aren't really a problem for me, as I have been long equities since the golden cross on most indicies back in October.
You must be doing well trading the AUDUSD atm? It just hit 1.0172, I am going to wait till it hits 1.02 before shorting it again. Easy money
Good luck and happy trading.
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.
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.
thanks for your thoughts pastie.But I have to disagree big time.The problem with riding with the big guys is by the time i realise what they are doing its usually too late.Im not much good at that.
Your right about the base moving up but the AUD is still range trading big time. The current ceiling is 1.02 ish, short anywhere near there and its money 4 jam
eg the friday close was 101.78, at midday monday its 101.31.
Also Im a total non believer in indictators/ signals etc. I just watch price action.I'm not saying it wrong as i know guys who work for the corps who are totally technical traders.Its just not 4 me.
Take a good look at the AUD and you can see the 2- 2.5 cent range usually over a 2/3 week period.It really is a beautiful chart.
A friend has been doing something similar with the euro, but not short , going long.Opportunites during the last 6+ months are the most i have ever seen in a number of tradeables.
Good luck for you as well.
BTW- nice pic!lololololololo
Your right about the base moving up but the AUD is still range trading big time. The current ceiling is 1.02 ish, short anywhere near there and its money 4 jam
eg the friday close was 101.78, at midday monday its 101.31.
Also Im a total non believer in indictators/ signals etc. I just watch price action.I'm not saying it wrong as i know guys who work for the corps who are totally technical traders.Its just not 4 me.
Take a good look at the AUD and you can see the 2- 2.5 cent range usually over a 2/3 week period.It really is a beautiful chart.
A friend has been doing something similar with the euro, but not short , going long.Opportunites during the last 6+ months are the most i have ever seen in a number of tradeables.
Good luck for you as well.
BTW- nice pic!lololololololo
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 $$$!
There are always little mini-trends that can run counter to the main trend. However, I usually work the opposite way to you. In forex there are a millions different ways of making (and losing) $$$. 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 Pastie, yes if your doing th opposite to be at the other end of the spectrum you must be making a killing as well!!
I know all about the ascending/decending trianglles , it would have to be one of the more reliable methods for sure.
Im going to get on the train with you and start going long when it reaches the bottom of the range.
Hope you got out somewhere near the 1.02 on this cycle.As I write this the beloved AUD is dropping through 101.08
The treasurer here has stated that GDP will be off in the 3rd quarter due to floods and cyclone. Not to mention that china may actually slow down to 8% or less.
Fully expecting it to go below 101 today , if it hits 100.50 or less it will be a big result for me.
Would appreciate it if you could post should it go outside the triangle.
Cheers
Benny
I know all about the ascending/decending trianglles , it would have to be one of the more reliable methods for sure.
Im going to get on the train with you and start going long when it reaches the bottom of the range.
Hope you got out somewhere near the 1.02 on this cycle.As I write this the beloved AUD is dropping through 101.08
The treasurer here has stated that GDP will be off in the 3rd quarter due to floods and cyclone. Not to mention that china may actually slow down to 8% or less.
Fully expecting it to go below 101 today , if it hits 100.50 or less it will be a big result for me.
Would appreciate it if you could post should it go outside the triangle.
Cheers
Benny
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.
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.
[ This image is no longer available. ]
photo of ben after yet another successful AUD trade. Keep up the good work ben. Let the haters like melly seeth all they want.
For all ben's followers: there is another AUD/USD trade developing now. Short at anything above 1.02.
photo of ben after yet another successful AUD trade. Keep up the good work ben.
Let the haters like melly seeth all they want. For all ben's followers: there is another AUD/USD trade developing now. Short at anything above 1.02.
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.
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.
Not going to drop below the magic number for a while having broken through the quadruple zero?
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!
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.
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?
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?
MrBean, awesome news on the AUD. I shorted from 105.70 all the way to 103.97, went long and doubled my bet from there all the way back up to 105 and then went massively short all the way down to 104.5. Fantastic stuff.
Sorry to hear that you're still short at "anything over 1.02", I suspect you're not alone. Better luck next time, benny.
Sorry to hear that you're still short at "anything over 1.02", I suspect you're not alone. Better luck next time, benny.
tell us melly- how much are you making from your hyperinflation trade?
Well, I suppose I shouldn't be surprised. You aftertime trades on here that are pure fiction, why wouldn't you claim that I said things that are pure fiction.
If you post my post where I recommended on this forum that hyperinflation was a certainty or hyperinflation was the way to trade 2011, I WILL NEVER POST ON THIS FORM AGAIN. Otherwise, the whole forum would know you are a liar.
For the record, if we assume that some actually was making hyperinflation bets for 2011, I would say GOLD UP, SILVER UP, OIL UP, COMMODITIES UP, USD DOWN, S&P UP is the way they would have played it and it would be outrageously profitable.
As opposed to those who ended up in the poor house following this ignorant drivel:
Mrben Joined: 25 Oct 03
Replies: 2687 27 Dec 10 04:13
What you find is that when all the predictions are for catastrophy its plain sailing.
When booms are predicted, recession soon follows.
Gold down, silver down, USD up- thats the way to bet from here
If you post my post where I recommended on this forum that hyperinflation was a certainty or hyperinflation was the way to trade 2011, I WILL NEVER POST ON THIS FORM AGAIN. Otherwise, the whole forum would know you are a liar.
For the record, if we assume that some actually was making hyperinflation bets for 2011, I would say GOLD UP, SILVER UP, OIL UP, COMMODITIES UP, USD DOWN, S&P UP is the way they would have played it and it would be outrageously profitable.
As opposed to those who ended up in the poor house following this ignorant drivel:
Mrben Joined: 25 Oct 03
Replies: 2687 27 Dec 10 04:13
What you find is that when all the predictions are for catastrophy its plain sailing.
When booms are predicted, recession soon follows.
Gold down, silver down, USD up- thats the way to bet from here
Looks like Ben was right about his assertions on that other thread.
According to the Melly school of trading, if you short an instrument once, then that is the only trade you are ever allowed to make. Why the obsession with being either short or long melly? You are allowed to do both you know.
According to the Melly school of trading, if you short an instrument once, then that is the only trade you are ever allowed to make. Why the obsession with being either short or long melly? You are allowed to do both you know.
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]
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]
Au contraire my ill-tempered friend. Like Soros once said, good traders have an open mind and are flexible enough to change their position 180 degrees fairly quickly. I have no problem with anyone posting that they do that, in fact in the past, and with all the volatility in the markets, I frequently done it myself.
What I do have a problem with is someone like you and MrBean, posting one position which results in heavy loses but aftertiming later that you made massive profits instead WITHOUT EVER POSTING THAT YOUR POSITIONS WERE AT SOME POINT REVERSED.
Since you insist in using this forum as your exclusive bragging rights domain, those can only be considered legitimate and truthful when those SWINGS in positions are posted. In the absence of those, we can only assume that you are still taking loses from your original position you posted and your aftertimed profits are pure fiction.
I mean even you two birdbrains must agree that WITHOUT posting swings, then anyone is able to claim anything one here. Everyone under that scenario simply CAN NOT LOSE. For example, Mr Beans by now infamous "Gold down, silver down, USD up- thats the way to bet from here" still stands.....if he still has any money left that is.
MrBean to this day has NEVER followed up with a post apologizing for his grotesquely wrong recommendation or retracting it so one can only assume the worse. A post that started with "I fecked up, here's my new position" would have gone a long ways in gaining benny some credibility on here but it was sadly never posted, nor do I expect one in the future. Or, may be he is STILL actually expecting gold to be under $1,000 by 3rd Qtr 2011 and that's why there's been no retraction.
But in the mean time, we're expected to swallow hook, line and sinker that benny makes money with every uptick or downtick in the AUD. Suuuuure........
What I do have a problem with is someone like you and MrBean, posting one position which results in heavy loses but aftertiming later that you made massive profits instead WITHOUT EVER POSTING THAT YOUR POSITIONS WERE AT SOME POINT REVERSED.
Since you insist in using this forum as your exclusive bragging rights domain, those can only be considered legitimate and truthful when those SWINGS in positions are posted. In the absence of those, we can only assume that you are still taking loses from your original position you posted and your aftertimed profits are pure fiction.
I mean even you two birdbrains must agree that WITHOUT posting swings, then anyone is able to claim anything one here. Everyone under that scenario simply CAN NOT LOSE. For example, Mr Beans by now infamous "Gold down, silver down, USD up- thats the way to bet from here" still stands.....if he still has any money left that is.
MrBean to this day has NEVER followed up with a post apologizing for his grotesquely wrong recommendation or retracting it so one can only assume the worse. A post that started with "I fecked up, here's my new position" would have gone a long ways in gaining benny some credibility on here but it was sadly never posted, nor do I expect one in the future. Or, may be he is STILL actually expecting gold to be under $1,000 by 3rd Qtr 2011 and that's why there's been no retraction.
But in the mean time, we're expected to swallow hook, line and sinker that benny makes money with every uptick or downtick in the AUD. Suuuuure........
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]
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]
Quick, benny, look the other way, you don't want to be caught reading this:
Menelaus Joined: 03 Feb 05
Replies: 468 13 Apr 11 13:18
Well, I suppose I shouldn't be surprised. You aftertime trades on here that are pure fiction, why wouldn't you claim that I said things that are pure fiction.
If you post my post where I recommended on this forum that hyperinflation was a certainty or hyperinflation was the way to trade 2011, I WILL NEVER POST ON THIS FORM AGAIN. Otherwise, the whole forum would know you are a liar.
Menelaus Joined: 03 Feb 05
Replies: 468 13 Apr 11 13:18
Well, I suppose I shouldn't be surprised. You aftertime trades on here that are pure fiction, why wouldn't you claim that I said things that are pure fiction.
If you post my post where I recommended on this forum that hyperinflation was a certainty or hyperinflation was the way to trade 2011, I WILL NEVER POST ON THIS FORM AGAIN. Otherwise, the whole forum would know you are a liar.
its like shooting fish in a barrel with you melly. Just push the buttons and there you are. Too stupid to realise whats going on.
As if Mr 'short gold' Bean would know what signs too look for.
RBA rate decision today MrBen. What are your thoughts?
On Sky News Aust they said that some economists were predicting a surprise drop in interest rates. I think they're living in cloud cookoo land.
Looking at the AUD over the last month it looks like a rise has been priced in on the currency markets.
On Sky News Aust they said that some economists were predicting a surprise drop in interest rates. I think they're living in cloud cookoo land.
Looking at the AUD over the last month it looks like a rise has been priced in on the currency markets.
hi Pastie, weel its quite unlikely that rates will rise today. The econonmy here shows signs of tiring.We are very dependant on china and they keep trying to slow things down there. The main thing driving the AUD is the carry trade , insurance payments and china.
A drop in interest rates? don't think so.Our govt is left wing and wants to make everyone poor. Don't think it will give a free kick by reducing rates.Maybe if there was an election on.
AUD punched thru 1.10 yesterday for about 3 minutes. As far as my trading is concerned the uptrend is still intact. Its always interesting to trade the AUD on the day of the RBA decisions.Good volatlity.
Good luck if you trade it pastie, its very lucurative.[:x]
A drop in interest rates? don't think so.Our govt is left wing and wants to make everyone poor. Don't think it will give a free kick by reducing rates.Maybe if there was an election on.
AUD punched thru 1.10 yesterday for about 3 minutes. As far as my trading is concerned the uptrend is still intact. Its always interesting to trade the AUD on the day of the RBA decisions.Good volatlity.
Good luck if you trade it pastie, its very lucurative.[:x]
Cheers MrBen.
My charts have been offline since the London open today. Very frustrating after leaving them alone over Easter, Royal Weddings, ANZAC Day etc...
I agree about Labor in dear old Oz. Wayne Swan was interviewed last week and complained that the 2nd mining boom won't be as big as the first (ie - Swan can't waste the proceeds on Labor's hairbrained schemes) and that Costello wasted the first boom. I seem to remember it was Rudd and Swan dishing out $900 cheques to all Australians and p1ssing the nations wealth up the wall. Maybe my memory is failing me.
Back to Forex I'd probably want to see a decent retracement before getting involved. Most of the pairs that interest me were all reaching overbought levels so finding buyers in sufficient quantities at the current levels may be tricky. Better to wait for the price to fall and demand to build before dipping your toes in.
As for carry trades I'm surprised that the AUD hasn't advanced more against the yen. It got a kick up the @rse during the intervention in March but ranged during April.
Fingers crossed my brokers charts will be fixed by London open tomorrow. I'll keep my powder dry until then.
My charts have been offline since the London open today. Very frustrating after leaving them alone over Easter, Royal Weddings, ANZAC Day etc...
I agree about Labor in dear old Oz. Wayne Swan was interviewed last week and complained that the 2nd mining boom won't be as big as the first (ie - Swan can't waste the proceeds on Labor's hairbrained schemes) and that Costello wasted the first boom. I seem to remember it was Rudd and Swan dishing out $900 cheques to all Australians and p1ssing the nations wealth up the wall. Maybe my memory is failing me.
Back to Forex I'd probably want to see a decent retracement before getting involved. Most of the pairs that interest me were all reaching overbought levels so finding buyers in sufficient quantities at the current levels may be tricky. Better to wait for the price to fall and demand to build before dipping your toes in.
As for carry trades I'm surprised that the AUD hasn't advanced more against the yen. It got a kick up the @rse during the intervention in March but ranged during April.
Fingers crossed my brokers charts will be fixed by London open tomorrow. I'll keep my powder dry until then.
which are the main pairs your interested in pastie?
mine are, in order
aud/usd
eur/usd
usd/jpy
eur/gbp
aud/jpy
I traded the aud twice today, once long and once short, two short euros and three jpy, one long and two shorts. The volatlity is terriffic today. Im falling in love with the usd/jpy as it has been trading in a almost straight down trend for a while now.
Aud is 108.80 as I write this.I really can't see it going much lower for now.
I caveat it all by saying I'm almost a straight day trader now. The longest I have held a trade recently was over night, but 90% are going through in a few minutes to a few hours.
re the aud carry trades.I think in the back of everyones mind is that the aud is either overvalued or vulnerable to a change in economic times.The aud could plummet to below 90 if there was a catastrophic economic event and I kinda think people are hesistant to take loans out on a carry trade basis with that potential always omnipresent.
Have you checked silver? Whippet alerted me to it a while ago and its moved up my list of tradeables.
lolololo those 900$ cheques.I got one and put it towards a holiday. Virtually everyone here who had a job said the govt should not waste the 900 bucks but the govt did it anyway
all the best with any ccy trades you make.
mine are, in order
aud/usd
eur/usd
usd/jpy
eur/gbp
aud/jpy
I traded the aud twice today, once long and once short, two short euros and three jpy, one long and two shorts. The volatlity is terriffic today. Im falling in love with the usd/jpy as it has been trading in a almost straight down trend for a while now.
Aud is 108.80 as I write this.I really can't see it going much lower for now.
I caveat it all by saying I'm almost a straight day trader now. The longest I have held a trade recently was over night, but 90% are going through in a few minutes to a few hours.
re the aud carry trades.I think in the back of everyones mind is that the aud is either overvalued or vulnerable to a change in economic times.The aud could plummet to below 90 if there was a catastrophic economic event and I kinda think people are hesistant to take loans out on a carry trade basis with that potential always omnipresent.
Have you checked silver? Whippet alerted me to it a while ago and its moved up my list of tradeables.
lolololo those 900$ cheques.I got one and put it towards a holiday. Virtually everyone here who had a job said the govt should not waste the 900 bucks but the govt did it anyway
all the best with any ccy trades you make.
The only pair I'd swap from your list is eur/gbp for gbp/usd and also add eur/jpy.
I prefer longer term set-ups as I don't have time to spend hours looking at charts. However, I'll occasionally have a gander if I have the time.
Scapling can be very frustrating. Two steps forward, one or two back. However, eur/usd and cable offer good set-ups after Frankie take out the stops and London provide the direction. Buying or selling on dips with a very tight s/l using the 20ema on as a trigger on a 1min chart is a very simple strategy.
I've been waiting for U/J to reverse back up for what seems a lifetime! I'm happy biding my time.
eur/usd has been ranging for the last week between 1.476 and 1.489. It may be worth waiting for the break, a retracement to the new resistance / support level, and going long or short (whichever way the break occurs). May have to wait for US open for that though, although London is pushing it towards the top of the range now.
I put my 900 dollar towards a flight back to the UK. Straight into Branson's pocket. Such a waste. He'll only waste it on his horrid wooly jumpers.
I prefer longer term set-ups as I don't have time to spend hours looking at charts. However, I'll occasionally have a gander if I have the time.
Scapling can be very frustrating. Two steps forward, one or two back. However, eur/usd and cable offer good set-ups after Frankie take out the stops and London provide the direction. Buying or selling on dips with a very tight s/l using the 20ema on as a trigger on a 1min chart is a very simple strategy.
I've been waiting for U/J to reverse back up for what seems a lifetime! I'm happy biding my time.
eur/usd has been ranging for the last week between 1.476 and 1.489. It may be worth waiting for the break, a retracement to the new resistance / support level, and going long or short (whichever way the break occurs). May have to wait for US open for that though, although London is pushing it towards the top of the range now.
I put my 900 dollar towards a flight back to the UK. Straight into Branson's pocket. Such a waste. He'll only waste it on his horrid wooly jumpers.
E/U so far capped at around 1.4878 during the London session.
If it's going to break through it may need a small retrace to gather momentum - probably around 1.482. A close below there and it may make an attempt to push below the bottom of the range.
If it's going to break through it may need a small retrace to gather momentum - probably around 1.482. A close below there and it may make an attempt to push below the bottom of the range.
Hey Mr Ben. You been trading much recently? I've only focused on GU and EU over the last 2 weeks.
Both pairs bounced off the 20ema on the weekly chart a couple of weeks ago after the move down, and spent last week creeping up towards the 20ema on the daily chart before pushing back down a bit.
Can't trade Monday so I'm out for now but it could be an interesting week ahead - to add to the excitement there was a volcanic eruption in Iceland!
Both pairs bounced off the 20ema on the weekly chart a couple of weeks ago after the move down, and spent last week creeping up towards the 20ema on the daily chart before pushing back down a bit.
Can't trade Monday so I'm out for now but it could be an interesting week ahead - to add to the excitement there was a volcanic eruption in Iceland!
Post Your Reply
Please login to post a reply.
Wonder
Instance ID: 13539