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Posts by "forextrader"
130 Posts Total by "forextrader":
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Posts by Anonymous "forextrader":
Qingyu I don't have any aud position at the moment but I am considering longing the AUD/yen
AUD/yen rebounded strongly from it is daily trend line earlier today and it does look to me that it is heading higher, also if this pair break 83.7 it can go all the way to 88.20 pluse the interest paied by your broker for holding the pair is very high... for example 3 lot long AUD/Yen will earn you around 700 pound a month in interest alone.
I still think it is just a correction in the USD crosses, the overall trend in the AUD/USD, is bullish
And the USD/CAD and USD/CHF is bearish.
I will be looking to long AUD/USD and short USD/CHF when I see Good sign of Entry. For mean while I am very happy very happy with my Cable /yen position booked 800 pound last Friday and 5000 is floating profit at the moment.
I closed all my USD short few hours ago, i think there is some sort of US Dollar correction.
chole i am sorry about how it did turn out for you, the moment you closed your Aud position, the Aud collapsed 200 pips. unlucky my friend.
As Dave pointed out earlier USD/CAD short is looking very good you can enter short with tight loss around 0.9930
And leave it to play out. It could go all the way to 0. 90 i.e approximately 1000 pips from here.
Who knows maybe?
1 Financial econometric
2 C++ and VbA programming in financial application.
3 Stochastic Calculus
4 Statistic l methods in financial application
Happy New Year all
I wish you happy New Year, Year full of success and happiness.
Btw I hope the forum have benefitted from my wisdom in the forex market in the last two weeks.
I made lots of calls which if they had been followed you will have had a very happy new year.
Just for example the Call I made in the Eur/usd last night, GBP/YEN
And the USD/CHF, and The most important AUD/USD..
i wrote that this pair will go higher at 1.328 and now it is 1.3380
Finding Exit strategy is for more difficult that finding entry.
((Far far more difficult)), I usually move my stop loss higher is the price move higher, and I exited all my position the moment I see clear sign of reversal