To use chat, please login.
Back to contacts

Learning how to trade.

Cris (fxsolderer)
Mar 11 2014 at 20:34
22 posts
cannot be, its buy usdjpy and audjpy. otherwise it wouldn´t be a hedge

ArdiFX (ahuruglica)
Mar 11 2014 at 21:13
852 posts
Gratings Cris

Sell USDJPY means betting on jpy STRENTH. Buy AUDJPY means betting on jpy WEAKNESS.

One possition jpy strength the other jpy weaknes. Markets are very correlated with each other, it is a hedge on jpy pair.

Regards
Ardit H.

Cris (fxsolderer)
Mar 12 2014 at 07:30
22 posts
ok, understand. selling at 104.50, yen must be strong. the same time buy long the audjpy (at approx. 92.00?), expecting a substantial correction (yen WEAK). The important fact is, that after the plunge of audjpy the correction moves the yen in the oppsite direction of the short usdjpy.
otherwise (without correction) both pairs should move in the same direction, right?

ArdiFX (ahuruglica)
Mar 12 2014 at 08:13
852 posts
All I can explain to you is that JPY is very weak. My initial idea is on betting on strong jpy vs usd is short to medium trade vs. a strong trend.

For that if current strategy plays out and sell usdjpuy gets filled that will mean im in positive territory on audjpy. Selling USDJPY agains a strong trend, it os not that os not a good Idea but I prefere to be hedged.

I hope I am clear.

Cris (fxsolderer)
Mar 12 2014 at 13:24
22 posts
Hi
Three issues
1 usdjpy had a retracement down as I feared. Till 102.40 I believe in the coming uptrend. What is your opinion?
2 audjpy is at 91.75, unfortunately I went long at 92.00, we will see
3 Interesting trade: long GBP @1.6540/1.6550. Do you think is worth?
Tx and regards
Cris

ArdiFX (ahuruglica)
Mar 12 2014 at 14:52
852 posts
1.That is why I was looking to sell usdjpy and not buy it. I will sell if it reaches my entry 104.50. Pair has to stay above 102.60 for trade idea to be valid.
2. AUDJPY is behaving excactly as I expected. Stop in place, targets in place. I dont see why bother on that.
3. GBPUSD probably will test 1.6760-80 then it will make a new low.

I will welcome more questions about trading techniques, risk management, trading news, indicators, etc. Things that make you independent trader, which is very important.

Regards.

ArdiFX (ahuruglica)
Mar 13 2014 at 06:53
852 posts
Canceling EURUSD long, market did not correct enough to get a fill.


AUDJPY long first target has been hit collecting to me on average +100. I'm looking forward for the pair to break to new highs to trail the stop on the rest of position. Good trade.

ArdiFX (ahuruglica)
Mar 13 2014 at 17:04
852 posts
Greetings friends.

My insight on EURGBP has been published. I don't recommend waiting for the next week as explained on the bloog.

https://arditfx.blogspot.com/2014/03/forex-eurgbp.html


No change on AUDJY. Whith firs targets hit the trade is free. No risk on ti.

Regards
Ardit H.

ArdiFX (ahuruglica)
Mar 17 2014 at 09:01
852 posts
76.4% fib retracement reacted well and the stop at 91.00 is still intact. Still long with 50% position and aiming second target at 97.00. Trade if free so no stress about that. On the mean time, it's good to collect yield every day.

Today about 18:00 CET I will post another strategy.

Safe trading
Ardit H.

Cris (fxsolderer)
Mar 17 2014 at 10:32
22 posts
Hi Ardit!
I´m sure I can and have to increase my money-/risk management knowledge. For some reasons I recently moved from MT4 to cTrader and there I have some nice possibilities to set stop loss and take profit (see attachement).
Could you give as a short sketch of your risk / money management strategy?
Thx a lot
Cris

Attachments:


Please login to comment .