Forum Posts by : mo (Forum Member)

mo

liverpool, UK

Posts: 123

15 years ago

Jun 17, 2009 19:43

In Thread: Speculators' Futures FX Positions

Hey Qin
Well done you are in profit now, what is your profit target in the AUD/JpY ?

mo

liverpool, UK

Posts: 123

15 years ago

Jun 17, 2009 19:28

In Thread: Speculators' Futures FX Positions

Hello Qin
Yes the CAD made a late come back today, thankfully I closed 1 lots from my 5 lots at 1.142.
USD fall because of the comment from Pimco and Russia & china , Combined with stock rebound .

You wrote
I long AUD/JPY at 75.5.....and put my stop loss at 75.6
Do you mean you short AUD/JPY ?

mo

liverpool, UK

Posts: 123

15 years ago

Jun 16, 2009 20:21

In Thread: Falling Equities Still Key for Dollar

Hello Silaman

you can sign for daily and monthly commentary on the FX markets through several Wells Fargo publications at
https://www.wellsfargo.com/com/focus/global_market

You can read bank of New York Melon forecast and currency research for free on
https://gm.bankofny.com/Research/Default.aspx

Good luck

mo

liverpool, UK

Posts: 123

15 years ago

Jun 16, 2009 18:51

In Thread: Falling Equities Still Key for Dollar

Hey Qin
If the Usd/CAD reached 1.18 then I guess Aud /usd will be in the low seventies 72-75. Ask Ashraf for a best hedge for you positions.
Dont worry Qin you be fine.

mo

liverpool, UK

Posts: 123

15 years ago

Jun 16, 2009 18:31

In Thread: Falling Equities Still Key for Dollar

Hey Qin

I was short Usd dollar since March but I closed all my position late May with big profit.
And I start to long USD because I read analysis report from Nick Bennenbroek a senior vice president and head of Currency Strategy for Wells Fargo Foreign Exchange in his report he mentioned that the USD/CAD will appreciate 10 percent over the summer, also at the same time Michael Woolfolk, senior currency strategist at Bank of New York Mellon wrote that the USD/CAD will be at 1.18 in September,
SAXO bank and deutsche bank AG the largest currency trader in the world both forecast USD to appreciate in value over the next 3 months.

mo

liverpool, UK

Posts: 123

15 years ago

Jun 16, 2009 17:40

In Thread: Falling Equities Still Key for Dollar

Hey Qin
Clad you made some profit today, about me I had few small profitable trade today, Still holding into my long USD/Cad position (29K in the green).

I still think that the US dollar will rally farther against all of the majors in the next couple of weeks around until (sep-oct).

Qin do you think it is risky to trade without having a stop loss, specially if you are not hedged ? What is your trading strategy?

mo

liverpool, UK

Posts: 123

15 years ago

Jun 16, 2009 17:08

In Thread: Falling Equities Still Key for Dollar

Hello Qin.
Well done for reducing your position size,, now you can sleep much better.
What you doing now, Are actively trading ? or you just waiting for the US dollar strength cycle to end?

mo

liverpool, UK

Posts: 123

15 years ago

Jun 15, 2009 20:46

In Thread: Speculators' Futures FX Positions

hey Qin
Dont worry you will survive, lol
but dont add into your short position as you wrote before ,Trust me it is not a good idea
Best wishes

mo

liverpool, UK

Posts: 123

15 years ago

Jun 15, 2009 20:14

In Thread: Speculators' Futures FX Positions

hello Qin
The BOC is about to joins the ranks of the US Federal Reserve in announcing aggressive monetary expansionary measures. Any such announcement could quite easily derail the recent Canadian Dollar uptrend.
About me as I told you before I was long USD/CAD at 1.08 and my profit target is around 1.15-1.16. The second key level in the USD/CAD is 1.1420

IF i can give any advice is to hedge your position by selling CAD/Yan , have look at Ahraf chart of the day

Good luck

mo

liverpool, UK

Posts: 123

15 years ago

Jun 15, 2009 19:57

In Thread: Speculators' Futures FX Positions

Qin
Bank of Canada is about the implement Quantities easing . You can Hedge your position by selling CAD/Yan .
I will catch up with you later

Posts by "mo"