Forum > View Topic (Analytic)
by Ashraf Laidi
Posted: Aug 21, 2008 1:37
Comments: 525
View Analytic
This thread was started in response to the Analytic:

Speculators' Futures FX Positions

The weekly figures on traders' futures commitments obtained from the Chicago Mercantile Exchange's International Monetary Market shed valuable light on the developing flows pursuing one currency versus another.
 
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Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 17, 2009 19:06
Hey, Forextrader Mo
To be honest, I was very angry about USD/CAD today, it is back a little bit. I guess market want to wipe out some stop loss on USD/CAD.

I don't know that if USD/CAD will go to about 1.1500.....but I have prepared for it now.


I tried to hedge my positions by short EUR/USD, but I realized that it will fail very quickly, I cut it with 10 pips loss. I long AUD/JPY at 75.5.....and put my stop loss at 75.6 to insure that I won't make loss today. Hope Japanese traders will start selling Yen again.

Best regards
Qin
stubbs0821
Manila, Phillipines
Posts: 17
15 years ago
Jun 17, 2009 17:16
hello Ashraf. very insightful site you have here. ive been long usdcad, but i cant seem to decide on a possible tp target. this always seems to be my problem. based on your cadjpy recommendation to 82.50 area, does this translate to 1.1500 for the usdcad? TIA
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 17, 2009 16:21
Hey,
yen is really strong now........ it is testing Japnese government's nerve.

I think Kamikaze will do something at this level....
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 17, 2009 15:53
Hey, Forextrader

I am watching it now. I have 15% loss from my account.

CAD is really biggest loser recently. it drops faster then oil.....


Hope Japanese will sell its Yen........

If I can survive this time, I will double my positions.
forextrader
vologda, Russia
Posts: 127
15 years ago
Jun 17, 2009 15:39
hey Qin
I do feel bad because you are in this position but me , Ashraf and MO , told you not to buy Buy Cad and Aud but you insist in doing so. if you only Listen to us you be now sitting in big profit instide of loss . I hope it will work out well for you at the end my frinend
good luck
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 17, 2009 14:33
Hey,
I remember that they said that they don't see EUR/YEN will break 132......maybe they are just talking about it....I don't know. But I am sure that they will protect USD/JPY at 95 by sell YEN.

Best regards
Qin
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 17, 2009 14:30
Hey, Arshaf
I did hedge by short EUR/USD, I closed it again.

I am fear that Japanese traders are starting to sell Yen again.

Thank you for your advice.

Best regards
Qin
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 17, 2009 14:00
Hey, Arshaf
Thank you for always paying attention on me. I really appreciate it.

I am still watch it now.......is this sell on rumor and buy on fact??

Best regards
Qin
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 17, 2009 13:23
Qin, do NOT wait for euro to be at $1.38. u shouldve shorted last night for target at 1.38 then 1.3770.

this market wont wait for you to make your mind up.

Ashraf
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 17, 2009 12:20
Hey, Froextrader
I don't have so many positions right now. But still I will keep eye on the pares.
If EUR/USD looks like to break 1.37........then I will do hedge on my positions.

By the way, I think this week will decide if the USD will keep rally or not. Right now, I still see it just a profits taking season.

I am waiting for USD/JPY go to test 95, and you will see Japanese traders start to sell Yen very aggressively. If they do, it will end USD rally at least for a while.

Best regards
Qin
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