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130 Posts Total by "forextrader":
125 Posts by member
forextrader
(vologda, Russia)
5 Posts by Anonymous "forextrader":
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forextrader
vologda, Russia
Posts: 127
15 years ago
Jun 26, 2009 11:06
In Thread: How low will GBPUSD go in May?
One of the most Euro bulls currency traders are "Barclays bank" , the forecast Eurod / dollars at 1.5 by the end of the year.
But the wrote today that the Euro/dollar is heading towards 1.35. I.e. they are dollar bull for the next few moths.
Base in the correlation between Euro/USD and GBP/USD we should assume that Cable at 1.56 in the next 2 months.
forextrader
vologda, Russia
Posts: 127
15 years ago
Jun 25, 2009 23:34
In Thread: USDJPY 4-week Cycles
Hey Rob, JT
On a day where the Brazil Bovespa ended up 3.71% , S&P 2.14% and oil 2% up,.
the CAD ended up flat , that tells you every thing about the market sentiment towards the CAD.

I am bearish CAD, expect 1.18-1.19 soon.
forextrader
vologda, Russia
Posts: 127
15 years ago
Jun 22, 2009 22:55
In Thread: Speculators' Futures FX Positions
I agree with you speculator , I wrote in this forum 3 weeks ago when the USD/CAD was at 1.08 ,,that the CAD is overvalued technically and fundamentally.
And I wrote that I bought 6 lot at 1.0810 and my target is 1.18-1.20. I am still holding them.

The next resistant level is 1.1540 a clear break above this level will take us to 1.18.
Dema
forextrader
vologda, Russia
Posts: 127
15 years ago
Jun 20, 2009 19:55
In Thread: Falling Equities Still Key for Dollar
tarazuze I am also short the pound at 1.647 My target is much more conservative than you at around 1.52 . Next week FOMC meeting and the statement announcement will be key.. Either we break below 1.625 which will take us 1.58 or break above 1.66 which will take us 1.7.

My feeling is the rally in GBP is exosted and we heading lower. Let wait and see
Dema
forextrader
vologda, Russia
Posts: 127
15 years ago
Jun 18, 2009 19:37
In Thread: GBPCHF is Done
Hey Qin
No reason just more dollar buyers than sellers in NewYork hours today. And stock market retreat from it is high

Dima
forextrader
vologda, Russia
Posts: 127
15 years ago
Jun 17, 2009 15:39
In Thread: Speculators' Futures FX Positions
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
forextrader
vologda, Russia
Posts: 127
15 years ago
Jun 17, 2009 12:08
In Thread: Speculators' Futures FX Positions
Qin
My favourite trade in the last few weeks was to long Aud /USD and Long small position USD/CAD as hedge.
Both positions earn me a good interest every day.

I will not advice you to short Aud/USD because it is very expensive to hold for example you have to pay your broker around 50 USD a week for every short one lot standard AUD/USD which I think is quite a lot.

So if I am in your position I will keep AUD/USD Long and hedge it with long USD/CAD or Short NZD/USD

Kind regard
forextrader
vologda, Russia
Posts: 127
15 years ago
Jun 17, 2009 11:40
In Thread: Speculators' Futures FX Positions
Steven
If you look at the monthly Aud/USD chart you will notice that eighties level always been an area of resistance -since 1988 . I am bearish AUD, at the moment and I think it will retreat to 0.75-0.74 in the next couple of weeks.
I predict the Aud to end the year around 0.78 level.
forextrader
vologda, Russia
Posts: 127
15 years ago
Jun 17, 2009 10:05
In Thread: Speculators' Futures FX Positions
Hello Steven
Aud/USD is overbough at the moment so if there will be any breakout the it will be two the down side.
So wait if better entry around the 75 area,.
But if you think there is more leg to the upside then make sure you have stop loss below 0.7825
This is my opinion
good luck
forextrader
vologda, Russia
Posts: 127
15 years ago
Jun 15, 2009 20:22
In Thread: Speculators' Futures FX Positions
hello Qin
I forecast USD/CAD at 1.18-1.19 in the next 2 months , I am not sure what is Ashraf forecast for the USD/CAD

Dema
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