Forum

Posts by "ali"

4 Posts by Anonymous "ali":
   
1
Ali
Australia
Posted Anonymously
15 years ago
Jul 13, 2009 12:11
In Thread: Dollar Stability Choppy & Temporary
Hi All,

Why do I feel so pessimistic about the US dollar strength? Although I was one to call a short as well for AUD/USd..I am just not convinced about its strength against the Aussie and Euro.

Really interested to hear what the other traders are thinking?

It just seems like it may be a choppy, short lived move as there is so much uncertainty with the US currency itself..particularlly with the comments made in recent times.

Open to discussion

Ali
Ali
Australia
Posted Anonymously
15 years ago
Jul 3, 2009 15:32
In Thread: Exiting the Exit Strategy
Rajesh

In situations like this where currencies are range bound I would make sure I have a solid risk/reward ratio as Ashraf mentioned. Make sure your stop is adequate especially now when the currency is not in a clear direction.

I have taken profits and will await more movement..
Appreciate your guidance ashraf.

Ali
Ali
Australia
Posted Anonymously
15 years ago
Jun 29, 2009 5:26
In Thread: Exiting the Exit Strategy
Thank you for the feedback Ashraf.

What do you think of EUR/USD? Well in the overbought territory dont you think.

Ali
Ali
Posted Anonymously
15 years ago
Jun 28, 2009 6:25
In Thread: Exiting the Exit Strategy
Salam Ashraf,

Very well said.
I am currently short on EUR/USD as well as AUD/USD based on my hypothesis that the S & P has topped for June and may see a decline in the forthcoming weeks. We have had a considerable increase in the S & P as well as increased trading in high risk high yield currencies like the AUD. I think it may be time for a strong reversal but obviously I could be wrong. The Euro has a busy calender week ahead of them which may assist in my short position.
What are your thoughts on this angle?

Best Regards,
Ali from Australia
Report Reply
   
1