I saw your charts. I'm now watching your head get handed to you on a platter.

AUDUSD for informed traders

I'm a fundamentals trader not a technicals trader. I come here to read the technical analysis of proven technical traders like Magix. You've now changed from correlating the AUD's movements from the S&P to gold/silver. That's a huge cluelight as to ...

AUDUSD for informed traders

Yep. Going off of benchmark rates, IB charges .5 to 2.0% above benchmark. IB pays .25 to 4.0% below benchmark. Above/below rates depend on position size and currency. For instance, the deviation from benchmark for USD is much less than for MXN, ...

AUDUSD for informed traders

I'm trading this a bit differently than you; the range is fine with me. I bought small lots at multiple prices last night on the dip to 1.45x and sold them in small lots in the rip at 1.0514 and above. I just put in a bunch of small lot orders to ...

AUDUSD for informed traders

IB's 'interest paid to you' page shows various levels of interest paid, depending on your position size: url AUD is best with 4.508% for everything above 120,000 AUD. Subtract interest charges of .62% on USD above 1,000,000 (.5% >3,000,000) and ...

AUDUSD for informed traders

Thank you very much for sharing. I haven't traded nor have I followed this cross until now. I'm sure that there are many little vagaries that I will learn shortly.

AUDUSD for informed traders

Pardon me for beating a dead horse, but I can see from my account that InteractiveBrokers paid me triple interest Monday/Tuesday 12AM EDT. Based on my calculations, it's in arrears for my open position last Wednesday at 5PM EDT; triple interest ...

AUDUSD for informed traders

Shack. China just raised the reserve ratio this weekend. url It doesn't look like it's moving the AUDUSD pair much right now; I only show it down marginally compared to last Friday 5PM EDT. url

AUD/USD

The great thing about the markets is that there has to be someone on the opposite side of the trade. I've been on the wrong side plenty of times and I may be again; we'll have to wait and see how things work out. I'll be cutting my position ...

AUD/USD

OK, sorry about that. I read your post as implying that 1 standard lot = $20K x 50. Personally, I only try to trade one currency at a time. In the past I've traded many different positions across asset classes. I found that when the feces hit the ...

AUD/USD

"Markets can remain irrational a lot longer than you and I can remain solvent." -John Maynard Keynes "Don't fight the tape." - Anonymous; oft repeated on Wall Street Don't kill yourself trying to pick a top or bottom. Wait until the trade turns and ...

AUD/USD

Pardon me for jumping in. $20K @ 50/1 = $1,000,000 = 10 standard lots in USD. 1 standard lot = 100,000 units ($, GBP, EUR) 1 mini lot = 10,000 units 1 micro lot = 1,000 units

AUD/USD

Ding! Light bulb just came on after reading FXCM's rollover policy. They accrue interest to FOREX accounts on the trade date, not settlement date. The reason why Wednesdays are triple interest days is that if you don't close out the position by 5PM ...

AUDUSD for informed traders

Venice, FX-Petra, this is the first time I've taken the time to watch interest accruals on positions. I'm used to T+3 for stock transactions; I had no idea that there was a settlement date for FOREX but it makes sense. This link confirms T+2 ...

AUDUSD for informed traders

FX-Petra, sorry, let me clarify. I bought 20 lots of AUD on Monday. I have not yet had any accrued interest post to my account. The broker said that settlement date is T (trade date) + 2 trading days. So my Monday purchase of AUD settled on close of ...

AUDUSD for informed traders

What's 98? 98 what? Are you saying $98.0000 or $0.9800; nothing's clear from looking at the nondescript chart you posted. Decimal points, please. I responded because it wasn't clear, yet you simply wrote 98 AGAIN. You didn't even make an attempt to ...

AUDUSD for informed traders

That was very poorly written and your chart doesn't show anything. ???? What does this mean? You're looking for 1.0698? You're looking for 1.0598? What? ?????? What are you expecting to trigger profit taking? The leaked Chinese data ain't gonna do ...

AUDUSD for informed traders

I hadn't looked at doing a carry trade until now but once I crunched the numbers, the case was compelling. The AUDUSD can stay flat and I'm still pulling down enough in interest daily to live on. Heck, it's more than my military retirement check. I ...

AUDUSD for informed traders

Petra, I just called my broker, InteractiveBrokers, and I was told that interest doesn't start or end accruing until after settlement, which is T+2. I bought AUD on Monday and have not yet received any interest. If you had wanted to miss triple ...

AUDUSD for informed traders

I went long the USD cross rather than the JPY cross because I pay less interest in USD than JPY. Granted, it's only .033% but that adds up when you're trading a decent number of lots. I figure I'm getting ~3.7% on the carry trade side of this long; ...

AUDUSD for informed traders