Hi all,
Yes another newbie from Australia hitting the site. I previously traded stocks on the ASX but now want to move into the forex arena. I would love to hear from anyone who trades with the Aussie Dollar, particularly the USD/AUD, especially anyone from the Northern Territory, Darwin, or anywhere in Australia.
I am currently trying to develop a new trading system and could use all the help I can get.
Cheers,
Rosco.
Welcome Rosco,
I’m actually from the U.S. but I do trade the USD/AUD quite a bit. I’m not an expert but I have made quite a few profitable systems myself. What type of system are you working on?
Hey Rosco and welcome to the board :-). What systems are you currently using ?
Best Regards,
Matt Jones 
Hey Rosco, lived in Darwin for 10 years, now in Melbourne. Found this forum, its fantastic. Just finished forex course but also doing the babypips school as revision. Still paper trading at this stage on the Oanda platform but also have a demo account with FXpro (Meta 4 platform), I have heard bad things about them so will never live trade with them but can use the demo unlimited and the charting of Meta 4 is allegedly very very good, so will learn to use that too. Would love to know how your trading is going.
cheers
Tel
I’m from the US, and have actually never even visited Aussie land… however, I have traded the AUDUSD fairly profitably for a few years…
I’d be more than willing to share my strategy…
Just let me know.
Sure would love to hear it!
Thanks to all who replied,
I’m trying to start a system from scratch and would be interested to hear from anyone who has successfully traded USD/AUS. What kind of indicators they use, what different time charts are used etc.
It would be great to go through a trade step by step to see the methodology used. I am currently not trading, just trying to work out a system. I have set up GFT (Globel Forex Trader) as my broker using the “dealBook360”, has anyone had any experience with either the broker or platform I would be interested to hear your comments.
Many thanks and happy trading,
Rosco
Hi Zs Apprentice,
Well you sure have my attention. I would be extremely interested to see any strategies you are prepared to share. How long have you been trading?
thanks in advance,
Rosco
G’day Tel,
I grew up in Melbourne(south eastern suburbs-Moorrabin, East Bentleigh) and its great to hear you have done your time in Darwin, I live near Nightcliff and can’t seem to shake Darwin. What Forex course did you do? did you find it worthwhile? As for me I have been following the forex for the past 12mths or so and prior to that I traded the ASX stocks with moderate success. Looking forward to hearing your story, till then, happy trading,
Rosco
I don’t really have any system for trading audusd, but I normally try to trade it on news events. earlier this week I traded the interest rate decision. from my (limited) experience, it seems that the Aussie does move on surprises from news events, so this is great for break out trades.
as for mechanical systems, sorry, I don’t have any yet, but I’ll be keeping tabs on this thread.
I am living in Fairfield, have a business in Richmond. My Wife and kids pined for Darwin for a few years but I think they are getting used to having more comprehensive access to what living in the big smoke offers.
Just finished a four week course with a guy named Sid in the UK (Isle of Mann), ultra conservative, what I think is called pip scalping (not sure that). Most important thing he stresses is to preserve your capital by limiting your time spent trading. As I am an absolute beginner makes sense to me.
Hi Monstapips,
Thats a good Idea trading the news on the Aussie dollar, I’ll keep that in mind. I look forward to your input as we explore different systems.
Happy Trading
Rosco
Thanks for your reply Tel,
It sounds to me as if your tutor is favoring a very short time frame in an actual trade IE;Scalping, and he is correct by saying that you will limit the damage if the trade goes against you - but you also can leave a lot of profit on the table by exiting too early if the trade moves as anticipated by your system. That is why I believe it is more important to have a back-tested system, coupled with strict money management. Now for the hard part-developing them.
It’s getting hot here and “Mango madness” is starting to set in, so you can assure your wife and children there not missing much at the moment.
Happy Trading,
Rosco
Enjoy the build up, and the approach of the inevitable storm. I was sanctioned on my last post, apologies for my ignorance, having read the 300 odd posts on the megadroid system had no idea my small attempt at imparting my experience would draw swift action. certainly don’t want to tread on any toes. Anyways as I say I am an absolute novice and that mentioned system will do me till I gain more education. Certainly would like to employ a range of different devices to add to my arsenal. Another poster had advocated another very simple system that I will look at to add to my list.
We have a house in Millner by the river, but not to close flood wise, and I loved the markets at both Nightcliff and Rapid Creek, I do miss the Roti Rendang and Jackies BBQ Pork Laksa at Parap market. Enjoy, at least in Night cliff you can wander down to the sea shore.
Cheers Tel