Hi amyc, We (Australians) are an export country. Always have been. Export 2/3 of our food, 2/3 of our minerals, 2/3 of everything! Usually worst of all is the fact that we firesale it, always selling it to China for pennies on the dollar when in ...

AUD/USD

By hedge do you mean "lock in losses"? I am short NZD and EUR but about to go long AUD and CHF in 1 minute.

AUD/USD

Didn't realise I was on your ass. You were the one who claimed there was a gap which needed filling, I was just trying to understand why you'd go long based on PA returning to where your broker decided to stop showing data.

AUD/USD

Just because there is a gap in your chart, doesn't mean there is actually a gap.

AUD/USD

So far today I have scalped almost every M1 ultra low vol bar short to a higher TF MML octave. Bring on more days like this with the nice clean order flow. Who needs a trend? EDIT: amyc, there are no gaps on the futs or spot, just bad broker feeds. ...

AUD/USD

I want to agree I really do. I see all the pairs and futures I look at all just about ready to roll over and die. Seems like they are waiting for each other. But at the same time the contrarian in me is saying we won't see a decent down move until ...

AUD/USD

I know what you mean, but please confirm this trendline, mine is different, a retest would put us way up at 0.9765:

AUD/USD

Hey gator, when the run down from 1.5-1.43 began I remember you saying something about shorting oil next time it got to 82-83 region? Still holding that opinion? Can you justify it for the curious amongst us?

EURUSD

Err I already said I've done backtests, no I don't really want to share my work for free. Can't we just think this through using examples? As one example: You trade daily DIBS. Your expectancy ratio will be X minus the cost of trading (which is in ...

The DIBS Method... No Free Lunch continues

A few intereresting points raised: razorboy: smaller trader will not be able to position size correctly. This is to a large extent true, but can be overcome I think. The turtle position sizing equation if I recall correctly was volatility based and ...

The DIBS Method... No Free Lunch continues

This is plain old ugly. Banked some shorts here for a tiny profit. Up about 20 pips on the day. As far as Tokyo is concerned, I am done. See you at the FO.

EURUSD

Welcome back, hope you had a good holidays.

Cable Update (GBPUSD)

Hey malc, any comments on the last 5 or so M5 bars which look like a rather large sell order being fed in?

EURUSD

Well, that was without a doubt the closest call I've had in months. Usually if my SL is nearby, it will be hit. This time missed on G/U by 0.1 pips and E/U by a pip! Bring on the crappy broker fills Still in the game, although this drawdown ...

The DIBS Method... No Free Lunch continues

Hi Aussies, Yes I used to live just 5 minutes walk from Brunswick/Smith St in Clifton Hill. Know all the local haunts well. This will be my first trade of 2010 during Tokyo. Woohoo! I am short G/U and E/U, long USD/CHF from the Tokyo open. Currently ...

The DIBS Method... No Free Lunch continues

gdb, in regards to taking "every setup" imagine if you were Peter Crown. He does not wake up at the Tokyo open and trade for 24 hours until the the next Tokyo open. Probably at best he catches the start of 1 or 2 sessions. Imagine all those traders ...

The DIBS Method... No Free Lunch continues

To show that tonights IB on USDJPY is no different than any other, I have prepared a small illustration. Chart 1: A night like any other for a DIBS trader at some unnamed point in the recent past. The MAs look good, above the FO and straddling the ...

The DIBS Method... No Free Lunch continues

Sydney boy here, currently living in Melbourne though. Alright, you want chart here's chart and it fits all the good criteria. Below TO/FO/LO (red lines), below monthly open, etc. image Can it give 1:1? 1:10000? Who knows. O look here is another ...

The DIBS Method... No Free Lunch continues

How's that again? If I am Goldman Sachs/Citi/JP Morgan dealing desk I can see all the orders, stops, position density, everything. Govvie has given my 5 boss hojillion dollars for free, he has given me a couple of hundred mio leveraged and said ...

AUD/USD

Enjoy paying the carry on that. G/U has been paying shorts for a while now and the carry is much much less. Last year everyone was bullish this pair and I was looking for contra shorts. Eventually that paid off bigtime. This year I am resolved to ...

AUD/USD