Posts by "rkkashmir"

Gold through 1150. Aud over .92. Eur over 1.4460. Gbp nearing 1.61.

Dollar will take it's last blow in Asia and Eurpean sessions today. They didn;t get a chance to sell USD on NFP Friday.

I really thing this will be the final blow for USD. Once this round of selling is over, and it could happen at anytime within the next 12 hours, the market will turn to USD stabilization, and USD will start to head back up.

Start those short positions, but definatelty keep some powder dry 'cuz you never how much further things can run against you.

Good trading all....

Time to short eur.usd. The Money Makers put 65 pips back on their Boy Toy eur.gbp to get it back to 0.900. The amazing thing is GBP exploded also.

Thank you, thank you, thank you Mr. Market for those two lots of gbp at 1.6016

@MetacuxRevival: I don't trade FX anything past short or medium term (and hardly medium term), because in a leveraged account medium to long term is an ETERNITY with so much noise and so many fluctuations and trading opportunities before the long term ever arrives. This was a lesson I learned years ago in FX, and the hard way to. Long term winds up getting a trader married to a (losing) position.

If you think about it, by the time the short term expires, you are already at medium term, and probably a chance at more opportunities. And then by the time the next "short" term expires, the original medium term expired and now you are at the original "long" term.

Hope this helps...Good trading!

@metacux: 94.20 for these units shorter term. Ultimately 95.25/95.50 medium term.