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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.
Ashraf
I don't use stop loss on my trading. If USD reaches the level I mentioned, I will lose 20% from my account. And thats why I am still waiting.
Good luck for your positions.
In your last post you wrote
hold my position even AUD/USD goes down to 0.7850 and USD/CAD goes down to 1.16
Does this mean that if these level is reached in the Aud and CAD you have margin calls on your account? You dont use stop loss when you trade?
I will be fine to hold my position even AUD/USD goes down to 0.7850 and USD/CAD goes down to 1.16.
Because I just got half of my positions. And maybe I will add more next week.
Right now, I think I will be fine without hedge anything.
Thanks a lot for answering me the question....Market is testing my nerve now....
Best regards
Qin
Ashraf
If I want to hedge now, which pair do you think will be the best for me to hedge?
Best regards
Qin
I long AUD and CAD, short USD last Friday. But it is hurting me now. I just want to ask how much do you think USD will rally to?
I suppose to keep my positions and maybe add more short on USD next 2 weeks. Do you think it is good strategy or I should do some hedge to minimize my loss? ( maybe short EUR/USD??)
Best regards
Qin
Watch USDJPY to complete the turn towards 97.30
Ashraf
I remember in November last year- Euro/GBP was trading at 0.85 - you forecast that they will hit parity, you almost got it right.
What a bout now where do you see Euro /GBP ?