Hello all, we had a nice trade on GJ last night and miss some other nice trades on EURO and Cable and Swissy, we had a total of 160 pips on GJ that was a good result!
Ausforex
Tuesday, October 21, 2008
More Pips on GBP/JPY
Hello all, we had a nice trade on GJ last night and miss some other nice trades on EURO and Cable and Swissy, we had a total of 160 pips on GJ that was a good result!
Ausforex
Monday, October 20, 2008
Back on board
Hello everyone, sorry for the delay in updating the blog, I have been very busy over the last month or so, I will continue to update on a regular basis from now on, so will lookforward to some good post's in the future.
Ausforex
Ausforex
Thursday, September 18, 2008
+ 345 Pips on this GBP / USD trade
Hello again,
We had a nice trade last night on the cable over 300 pips and also over 200 on the GBP/JPY, so as you can see this system is working well!
Ausforex
Wednesday, September 17, 2008
Managed Accounts
Hello Everyone,
I have had a lot of enquiries about managed accounts and up untill now I only trade a couple of accounts for private clients, so I have decided to open managed accounts for anyone that is interested limited to 10 only accounts.
Minimum capital required is $5,000 usd and the accounts are opened in your name so that you have control over your money.
My fee is taken out of the profits generated at the end of each month.
So if you are interested in making some real money by joining my managed accounts please contact me! ausforex@gmail.com
Ausforex
I have had a lot of enquiries about managed accounts and up untill now I only trade a couple of accounts for private clients, so I have decided to open managed accounts for anyone that is interested limited to 10 only accounts.
Minimum capital required is $5,000 usd and the accounts are opened in your name so that you have control over your money.
My fee is taken out of the profits generated at the end of each month.
So if you are interested in making some real money by joining my managed accounts please contact me! ausforex@gmail.com
Ausforex
Monday, September 15, 2008
Thank You
"Wow" what a great response to my offer on the System! Thank you to all the lucky people that took up the offer and to those that missed out I am sorry, but I will keep you informed of any new offers that I may have in the future.
Thank you again
Ausforex
Thank you again
Ausforex
Thursday, September 11, 2008
“Paralysis of Analysis”.
Getting bogged down with technical stuff. In common terms, that’s referred to as “paralysis of analysis”.
Like most financial markets there are an almost indefinite number of factors one can look at before making a trading decision. All sorts of indicators exist like support and resistance levels, moving averages, pivots, oscillators, and Fibonacci and trend lines.
The big problem for new traders is these indicators create confusion more than anything else. The solution is to find a trading method that simplifies the process. Perhaps the simplest trading method is one that relies on only two or three easy to measure indicators. Anything beyond that stifles most traders.
The second mistake is…
Letting Emotion Dictate How You Trade!
All investing markets are driven primarily by the emotions of fear and greed. Whether we like it or not that’s just the way it is.
Panic selling and holding on to a position to squeeze out every last pip is typical, but emotional trading can lead to making bad decisions and an empty trading account.
Keeping your emotions in check is actually not that hard. First of all, go into any and every trade with a complete plan. Know when and where you’ll enter and exit. Determine ahead of time where you’ll place your stop losses. Secondly, don’t abandon your plan in the heat of the battle. Keep your objectives in sight and follow through.
One more thing: Paper trading properly will help you avoid these mistakes. Pretend your demo account is real. Find a simple trading system that relies on two or three indicators at most and…
Master It during Paper Trading!
Like most financial markets there are an almost indefinite number of factors one can look at before making a trading decision. All sorts of indicators exist like support and resistance levels, moving averages, pivots, oscillators, and Fibonacci and trend lines.
The big problem for new traders is these indicators create confusion more than anything else. The solution is to find a trading method that simplifies the process. Perhaps the simplest trading method is one that relies on only two or three easy to measure indicators. Anything beyond that stifles most traders.
The second mistake is…
Letting Emotion Dictate How You Trade!
All investing markets are driven primarily by the emotions of fear and greed. Whether we like it or not that’s just the way it is.
Panic selling and holding on to a position to squeeze out every last pip is typical, but emotional trading can lead to making bad decisions and an empty trading account.
Keeping your emotions in check is actually not that hard. First of all, go into any and every trade with a complete plan. Know when and where you’ll enter and exit. Determine ahead of time where you’ll place your stop losses. Secondly, don’t abandon your plan in the heat of the battle. Keep your objectives in sight and follow through.
One more thing: Paper trading properly will help you avoid these mistakes. Pretend your demo account is real. Find a simple trading system that relies on two or three indicators at most and…
Master It during Paper Trading!
Top 7 Mistakes Beginners Make When Forex Day Trading Online
Learning to master Forex day trading online for someone who has no background in the financial markets can be intimidating. Generally, much patience and time is needed.
However, by looking at the most common mistakes we can at least shorten the learning curve and get past the first few hurdles as quickly and painlessly as possible. The financial rewards once the skills are learned are certainly worth it!
1. Thinking they can generate huge amounts of money in a short time. This is not a get-rich-quick scheme. An individual approaching day trading online with that mindset best look somewhere else.
2. Going by gut feeling instead of calmly looking at market conditions and using technical indicators and selecting high probability trades.
3. Chasing the market. A typical scenario: The new trader feels certain price is going up so puts in a long position. Unexpectedly price pulls back. The new trader gets nervous and doesn’t want to lose too heavily so comes out with a 15 pip loss. Shortly after that price resumes the uptrend. The new trader thinks, “I was right in the first place” and puts in a second long position to try and make up for the 15 pip loss and make a profit on top. Low and behold, price doesn’t go where the new trader was expecting, pulls back, and takes out the position at a 25 pip loss. Score for the day: -40 pips. Chasing the market is one of the surest ways to blow your account.
4. Lack of thorough preparation before the start of a new trading session. It is crucial a trader examines the charts from a higher time frame down to a small time frame (e.g. weekly, daily, 4 hour, 1 hour) to pick up significant candle or chart patterns and understand the direction of the overall trend. Additionally, consulting the daily calendar for Fundamental Announcements will ensure the trader is not caught off-guard by sudden market moves at news time.
5. Poor or non-existent equity management. New traders often fail to educate themselves on how much they can risk on any one trade according to how much capital they have in their account. Many are tempted to trade multiple lots far too early only to get wiped out. Multiple lots can result in big profits. They can also eat you alive when a trade goes against you. Only strict, almost paranoid,
tight equity management will ensure the account survives and grows.
6. Floating from one system to the next, trying indicator after indicator, becoming a ‘jack of all trades, but master of none.’ Find a proven system that fits with your trading personality and style and stick with it until you make it work for you.
7. Thinking they can learn by themselves, find the secret code and ‘crack the system.’ Most successful traders learned from someone who is already a professional successful trader, preferably with years of experience. It is so important to have a mentor or tutoring program to get up to speed more quickly.
However, by looking at the most common mistakes we can at least shorten the learning curve and get past the first few hurdles as quickly and painlessly as possible. The financial rewards once the skills are learned are certainly worth it!
1. Thinking they can generate huge amounts of money in a short time. This is not a get-rich-quick scheme. An individual approaching day trading online with that mindset best look somewhere else.
2. Going by gut feeling instead of calmly looking at market conditions and using technical indicators and selecting high probability trades.
3. Chasing the market. A typical scenario: The new trader feels certain price is going up so puts in a long position. Unexpectedly price pulls back. The new trader gets nervous and doesn’t want to lose too heavily so comes out with a 15 pip loss. Shortly after that price resumes the uptrend. The new trader thinks, “I was right in the first place” and puts in a second long position to try and make up for the 15 pip loss and make a profit on top. Low and behold, price doesn’t go where the new trader was expecting, pulls back, and takes out the position at a 25 pip loss. Score for the day: -40 pips. Chasing the market is one of the surest ways to blow your account.
4. Lack of thorough preparation before the start of a new trading session. It is crucial a trader examines the charts from a higher time frame down to a small time frame (e.g. weekly, daily, 4 hour, 1 hour) to pick up significant candle or chart patterns and understand the direction of the overall trend. Additionally, consulting the daily calendar for Fundamental Announcements will ensure the trader is not caught off-guard by sudden market moves at news time.
5. Poor or non-existent equity management. New traders often fail to educate themselves on how much they can risk on any one trade according to how much capital they have in their account. Many are tempted to trade multiple lots far too early only to get wiped out. Multiple lots can result in big profits. They can also eat you alive when a trade goes against you. Only strict, almost paranoid,
tight equity management will ensure the account survives and grows.
6. Floating from one system to the next, trying indicator after indicator, becoming a ‘jack of all trades, but master of none.’ Find a proven system that fits with your trading personality and style and stick with it until you make it work for you.
7. Thinking they can learn by themselves, find the secret code and ‘crack the system.’ Most successful traders learned from someone who is already a professional successful trader, preferably with years of experience. It is so important to have a mentor or tutoring program to get up to speed more quickly.
Wednesday, September 10, 2008
Currency value factors
The value of a currency subject to a floating rate regime (ie. not fixed or pegged) is ultimately determined by supply and demand (see Figure 1). The relative balance between supply of and demand for a currency can be driven by a variety of factors, but they can be broadly divided into two categories:
• Transaction demand - the transaction demand for a country's currency is largely determined by its levels of economic activity, gross domestic product, and employment. For example, high levels of unemployment will typically dampen consumption. Transaction demand changes are relatively easy for central banks to accommodate by adjusting the available money supply.
• Speculative demand - the speculative demand for a currency is considerably harder for a central bank to influence but it will attempt to do this by adjusting interest rates. A sufficiently high interest rate may be sufficient to encourage speculative purchase of a currency. (See 'Carry Trades' below.) However, very large currency speculators have historically been able to overcome this strategy by selling in exceptional size, as was the case with the UK's exit from the ERM in 1992.
An important element within transaction demand is a country's trade balance. This is the net difference between the value of merchandise being exported and imported into the country. For example, the net difference between the Japanese demand for US dollars to buy American merchandise, and the supply of yen affected by US purchases of Japanese merchandise, is the merchandise trade balance between the two countries.
A similar situation applies in the long term as regards the currency flows required to pay for non-tangible merchandise such as securities. However, in the near term, capital flows are greatly influenced by yield differentials, which represent the difference in interest rates between countries. Logically, a higher yield on Japanese securities (compared to American securities) would make Japanese securities more attractive. Furthermore, an increase in Japanese yields would raise the flow of US dollars into Japanese securities, and decrease the outflow of yen to American securities. This increased flow of funds into Japan would lower the value of the US dollar and increase the value of the yen, so USDJPY would fall.
A further significant factor in a country's currency strength is its level of price inflation. Understandably, consumers try to avoid the eroding effect inflation has on their purchasing power, so goods from countries with low inflation become more attractive than the goods from countries with higher inflation. At the same time, the currency from the lower inflation country rises in value, while the currency from the higher inflation country falls in value. Both relative inflation and the purchasing power of the currencies directly affect their exchange rates.
For example, if the UK was experiencing lower inflation than Australia, GBPAUD would rise to reflect growing price levels in Australia relative to the UK. This is based on the concept of Purchasing Power Parity, which states that in the long run a currency exchange rate adjusts to reflect the difference in price levels between countries.
Carry Trades
The role interest rates play as a currency value factor was mentioned earlier. A popular speculative trade that takes into account the relative interest rates of two countries when determining which currency to buy and which to sell is the 'carry trade'. In a carry trade, an investor borrows in a low interest rate currency, such as the US dollar, and also takes a long position in a higher interest rate currency, such as the Australian dollar, in the assumption that the exchange rate will not change so as to offset the interest rate differential.
If the low interest rate currency depreciates and the interest rate differential persists, such a trade will be profitable. In recent years, carry trades have been very popular in AUDUSD, and more recently carry trades involving ISK (Icelandic kronur).
• Transaction demand - the transaction demand for a country's currency is largely determined by its levels of economic activity, gross domestic product, and employment. For example, high levels of unemployment will typically dampen consumption. Transaction demand changes are relatively easy for central banks to accommodate by adjusting the available money supply.
• Speculative demand - the speculative demand for a currency is considerably harder for a central bank to influence but it will attempt to do this by adjusting interest rates. A sufficiently high interest rate may be sufficient to encourage speculative purchase of a currency. (See 'Carry Trades' below.) However, very large currency speculators have historically been able to overcome this strategy by selling in exceptional size, as was the case with the UK's exit from the ERM in 1992.
An important element within transaction demand is a country's trade balance. This is the net difference between the value of merchandise being exported and imported into the country. For example, the net difference between the Japanese demand for US dollars to buy American merchandise, and the supply of yen affected by US purchases of Japanese merchandise, is the merchandise trade balance between the two countries.
A similar situation applies in the long term as regards the currency flows required to pay for non-tangible merchandise such as securities. However, in the near term, capital flows are greatly influenced by yield differentials, which represent the difference in interest rates between countries. Logically, a higher yield on Japanese securities (compared to American securities) would make Japanese securities more attractive. Furthermore, an increase in Japanese yields would raise the flow of US dollars into Japanese securities, and decrease the outflow of yen to American securities. This increased flow of funds into Japan would lower the value of the US dollar and increase the value of the yen, so USDJPY would fall.
A further significant factor in a country's currency strength is its level of price inflation. Understandably, consumers try to avoid the eroding effect inflation has on their purchasing power, so goods from countries with low inflation become more attractive than the goods from countries with higher inflation. At the same time, the currency from the lower inflation country rises in value, while the currency from the higher inflation country falls in value. Both relative inflation and the purchasing power of the currencies directly affect their exchange rates.
For example, if the UK was experiencing lower inflation than Australia, GBPAUD would rise to reflect growing price levels in Australia relative to the UK. This is based on the concept of Purchasing Power Parity, which states that in the long run a currency exchange rate adjusts to reflect the difference in price levels between countries.
Carry Trades
The role interest rates play as a currency value factor was mentioned earlier. A popular speculative trade that takes into account the relative interest rates of two countries when determining which currency to buy and which to sell is the 'carry trade'. In a carry trade, an investor borrows in a low interest rate currency, such as the US dollar, and also takes a long position in a higher interest rate currency, such as the Australian dollar, in the assumption that the exchange rate will not change so as to offset the interest rate differential.
If the low interest rate currency depreciates and the interest rate differential persists, such a trade will be profitable. In recent years, carry trades have been very popular in AUDUSD, and more recently carry trades involving ISK (Icelandic kronur).
Monday, September 8, 2008
Why can’t I consistently make money trading?
I suspect this question is commonly asked by most traders out there.
The simple fact of the matter is that over 90% of all traders lose money. The amateur forex day trader will most likely blow out their account within a few short weeks to months. Most brokers will tell you the reason why most amateurs blow out their accounts is that they are insufficiently capitalized. While that is probably true, it is clearly not the only reason.
I believe the primary reason most traders fail is because they are using a subjective and incomplete trading system.
The simple fact of the matter is that over 90% of all traders lose money. The amateur forex day trader will most likely blow out their account within a few short weeks to months. Most brokers will tell you the reason why most amateurs blow out their accounts is that they are insufficiently capitalized. While that is probably true, it is clearly not the only reason.
I believe the primary reason most traders fail is because they are using a subjective and incomplete trading system.
Sunday, September 7, 2008
New Offer
Hello everyone,
I have decided to offer for the next 7 days or the first 10 people only! whichever comes first.
50% discount on my system and Lifetime entry to my trading room, but after this time I will revert back to my original price, with a price rise in the not too distant future so take advantage while you can.
If you would like to take up my offer email me at ausforex@gmail.com
Ausforex
I have decided to offer for the next 7 days or the first 10 people only! whichever comes first.
50% discount on my system and Lifetime entry to my trading room, but after this time I will revert back to my original price, with a price rise in the not too distant future so take advantage while you can.
If you would like to take up my offer email me at ausforex@gmail.com
Ausforex
Friday, September 5, 2008
Non Farm Payrolls
Traders are constantly monitoring various economic indicators to identify trends in economic growth. Some of the most watched economic indicators include the Consumer Price Index, housing starts, gross domestic product and the employment report. Out of these indicators, the employment report contains a variety of data and statistics regarding the employment information of the market.
The employment report is released on the first Friday of every month by the Bureau of Labor Statistics, providing data covering the previous month. The report contains information on unemployment, job growth and payroll data, among other stats.
Out of the payroll data that is provided, the most important statistic that is analyzed is the non-farm payroll data, which represents the total number of paid U.S. workers of any business, excluding general government employees, private household employees, employees of nonprofit organizations that provide assistance to individuals, and farm employees. This data is analyzed closely because of its importance in identifying the rate of economic growth and inflation.
As with other indicators, the difference between the actual non-farm data and expected figures will determine the overall effect of the data on the market. If the non-farm payroll is expanding, this is a good indication that the economy is growing, and vice versa. However, if increases in non-farm payroll occur at a fast rate, this may lead to an increase in inflation. In forex, the level of actual non-farm payroll compared to payroll estimates is taken very seriously. If the actual data comes in lower than economists' estimates, forex traders will usually sell U.S. dollars in anticipation of a weakening currency. The opposite is true when the data is higher than economists' expectations.
For all you traders new to Forex I would reccomend that you are out of the market prior to the release of the figures, just watch and learn!!!!!!!!!!
The employment report is released on the first Friday of every month by the Bureau of Labor Statistics, providing data covering the previous month. The report contains information on unemployment, job growth and payroll data, among other stats.
Out of the payroll data that is provided, the most important statistic that is analyzed is the non-farm payroll data, which represents the total number of paid U.S. workers of any business, excluding general government employees, private household employees, employees of nonprofit organizations that provide assistance to individuals, and farm employees. This data is analyzed closely because of its importance in identifying the rate of economic growth and inflation.
As with other indicators, the difference between the actual non-farm data and expected figures will determine the overall effect of the data on the market. If the non-farm payroll is expanding, this is a good indication that the economy is growing, and vice versa. However, if increases in non-farm payroll occur at a fast rate, this may lead to an increase in inflation. In forex, the level of actual non-farm payroll compared to payroll estimates is taken very seriously. If the actual data comes in lower than economists' estimates, forex traders will usually sell U.S. dollars in anticipation of a weakening currency. The opposite is true when the data is higher than economists' expectations.
For all you traders new to Forex I would reccomend that you are out of the market prior to the release of the figures, just watch and learn!!!!!!!!!!
Another Good Trade!
Hi all we had another good trade lastnight an th GBPJPY +50 pips ths trade was late Aussie time so I put a limit at 50 pips and went to bed, I also had a negative trade on USDJPY that I closed early -30 pips only to see the trade go my way!!!!!!
any way look at the chart for the trade.
Ausforex
Thursday, September 4, 2008
Forex Lessons
Hi All,
I am now offering Lessons to private clients on all aspects of trading Forex, I have a new interactive trading room where I will offer students either one on one or group lessons, included in this will be 6 months mentoring and an introduction to my EntExt system.
So if you are finding it difficult to be consistantley profitable with your trading or you are just starting out in Forex email me at ausforex@gmail.com or contact me by Skype ausforex.
look forward to hearing from you soon!
Ausforex
I am now offering Lessons to private clients on all aspects of trading Forex, I have a new interactive trading room where I will offer students either one on one or group lessons, included in this will be 6 months mentoring and an introduction to my EntExt system.
So if you are finding it difficult to be consistantley profitable with your trading or you are just starting out in Forex email me at ausforex@gmail.com or contact me by Skype ausforex.
look forward to hearing from you soon!
Ausforex
CHF Short Signal
Hello again,
The system gave us another signal on the USDCHF last nigt for another 70 pips, see the chart! We also had a short on USDJPY that I closed early for an even result.
Wednesday, September 3, 2008
Simple System
Hello Again,
I would like to share this simple trading system with you.
This system uses a combination of the MACD Histogram, Bollinger Bands and Williams’s %R indicator.
Since there are 2 targets, the profit on this system varies.
Plot Bollinger Bands
Setting:
Default (20, 2)
Plot MACD Histogram
Settings:
Default (9, 12, 26, Close, Exponential)
Plot Williams %R
Settings
Williams %R = 9
Invert Williams %R = ON
I didn’t discuss this indicator earlier but it’s just another indicator, which sits at the bottom of charts. Again, you don’t need to know how it was calculated or what it references; you simply need to take signals from it.
The idea behind this system is to wait until price breaches the outer Bollinger Band.
When it does, you are looking for an opportunity to trade back into the band.
The first target is the middle band and the second target would be the other outer band.
You can trade 2 lots if you wish and exit on of them at the middle band whist letting the other on ride to the second target.
When price breaches the outer band, look for the next MACD Histogram line to go the other way. At the same time, the Williams %R should also be ticking the other way.
Once you have confirmation with these two indicators, you may place a trade headed back into the band.
If the histogram is still going in the same direction as the breakout or the %R indicator is ticking the same way, don’t trade.
Your initial stop loss should be 10 pips above the high (for a short) or below the low (for a long) of the candle that breached the BB provided it was the one, which made the most extreme protrusion from the band.
When you place a trade, make sure that you first target (middle band) is far enough to make a decent profit after covering your spread.
Have a look at the chart for a better understanding.
Orderly Markets
Orderly markets
An orderly market should reflect the normal interplay of buying and selling interest in the instruments involved, and any resulting trades should be subject to the standard pricing mechanisms of the market place concerned.
A disorderly market, such as one that sustains huge price swings for no apparent reason, is of little practical use to participants and of course exposes them to very considerable risks. Therefore it is of importance that those operating the market implement and enforce a code of dealing practice that deters abuse and unjustifiable discontinuity. If this is not the case, the market concerned will lose liquidity, as buyside and sellside alike take their business elsewhere.
In some cases, the sort of practices that can result in disorderly markets are clearly deliberate - such as issuing false or misleading statements in order to induce other participants to buy or sell. However, in other cases, market disruption may be caused more by oversight or carelessness, rather than deliberate malpractice. An example of this might be an automated trading model that placed numerous limit orders in the market, but which had a withdrawal timing parameter that was accidentally set too low. As a result, other market participants would see limit orders flashing on their screens but almost simultaneously disappearing before it was possible to trade against them.
At the most fundamental level, an orderly market requires a detailed and clear dealing code. This needs to cover topics such as matching priorities, and procedures around order entry and withdrawal. The increasing popularity of automated trading has spawned a further set of considerations that must be catered for. What percentage of the orders submitted by participants can reasonably be expected to result in a trade? What is the minimum amount of time that bids and offers must be left in the market to allow other participants an opportunity to trade against them?
While developing and enforcing a code of practice that addresses this type of issue is obviously desirable, it is not a remedy in itself. It does not, for example, automatically excuse the operators of a market from providing sufficient contingent infrastructure capacity to cover periods of intense market activity.
While market operators clearly have a major role in ensuring orderly markets, market participants must also shoulder their share of the burden as well. It is worth observing that many of the major disruptions in financial markets in recent years (eg. Sumitomo, Barings etc) were due to failures of operational controls in the financial institutions for which the traders worked. Some level of interaction with market operators is clearly desirable. While the market operator can insist upon measures such as the appointment of a single individual responsible for a trading floor's compliance with dealing rules, this can only be part of the picture. Financial institutions will still have to adopt and maintain good practice in other related areas, such as segregation of duties.
An orderly market should reflect the normal interplay of buying and selling interest in the instruments involved, and any resulting trades should be subject to the standard pricing mechanisms of the market place concerned.
A disorderly market, such as one that sustains huge price swings for no apparent reason, is of little practical use to participants and of course exposes them to very considerable risks. Therefore it is of importance that those operating the market implement and enforce a code of dealing practice that deters abuse and unjustifiable discontinuity. If this is not the case, the market concerned will lose liquidity, as buyside and sellside alike take their business elsewhere.
In some cases, the sort of practices that can result in disorderly markets are clearly deliberate - such as issuing false or misleading statements in order to induce other participants to buy or sell. However, in other cases, market disruption may be caused more by oversight or carelessness, rather than deliberate malpractice. An example of this might be an automated trading model that placed numerous limit orders in the market, but which had a withdrawal timing parameter that was accidentally set too low. As a result, other market participants would see limit orders flashing on their screens but almost simultaneously disappearing before it was possible to trade against them.
At the most fundamental level, an orderly market requires a detailed and clear dealing code. This needs to cover topics such as matching priorities, and procedures around order entry and withdrawal. The increasing popularity of automated trading has spawned a further set of considerations that must be catered for. What percentage of the orders submitted by participants can reasonably be expected to result in a trade? What is the minimum amount of time that bids and offers must be left in the market to allow other participants an opportunity to trade against them?
While developing and enforcing a code of practice that addresses this type of issue is obviously desirable, it is not a remedy in itself. It does not, for example, automatically excuse the operators of a market from providing sufficient contingent infrastructure capacity to cover periods of intense market activity.
While market operators clearly have a major role in ensuring orderly markets, market participants must also shoulder their share of the burden as well. It is worth observing that many of the major disruptions in financial markets in recent years (eg. Sumitomo, Barings etc) were due to failures of operational controls in the financial institutions for which the traders worked. Some level of interaction with market operators is clearly desirable. While the market operator can insist upon measures such as the appointment of a single individual responsible for a trading floor's compliance with dealing rules, this can only be part of the picture. Financial institutions will still have to adopt and maintain good practice in other related areas, such as segregation of duties.
System Trade
Hi Everyone,
We had a nice System trade last night that saw us take 70 pips of the table.
Tuesday, September 2, 2008
Rates Cut
At its meeting today the Reserve Bank of Australia (RBA) Board decided to lower the cash rate by 25 basis points to 7.0 per cent, effective 3 September. This is the first official rate cut in almost 7 years According to the RBA, inflation in Australia has been high over the past year in an environment of limited spare capacity and earlier strong growth in demand. In these circumstances, the Board has been seeking to restrain demand in order to reduce inflation over time.
It will be interesting to see what effect this has on the Aussie dollar?
looks like an initial spike up from 84.80 level it remains to be seen wether the Aussie will hold the upmove??????
It will be interesting to see what effect this has on the Aussie dollar?
looks like an initial spike up from 84.80 level it remains to be seen wether the Aussie will hold the upmove??????
Trading Statement
Hello again,
Here is the latest staement from the system as you can see I have not been trading it that activley.
EntExt System
Hello again, I have finally finished my new EntExt System, the system is based on a few custom Indicators that I have developed over the years.
The Indicators are EntExt, EEStochastic,EElag they are designed to use on the MT4 Platform.
Here is a screenshot of the system, at the moment I am getting between 300 and 500 pips per week and not really trying that hard it is used on an hourly chart so paitence is required for this system it also lends itsel well to Daily trading as well.
If you would like any more information on the System you can email me at ausforex@gmail.com
The system is for sale!
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