Posts by "pippedoff"

Had that dude Nick DARED speak negatively at all about aussie, the RNB would have put an Aussie $1,000,000 bounty on his head.

@Tanvir-sad to hear. Nothing in life is worth what you described. The opprotunity for making large gains (in a relatively short period of time) can be a double-edged sword. I've leaqrned to take some breaks and go workout, or simply to enjoy the other things in life.

You don't always have to have a trade on. Remember, there is (almost) always a trade available in FX and you cannot be on them all at once otherwise you run the risk of losing focus.

@sydney How come every day, all day, your CB, the RBA, sells baskets of currencies directly vs their beloved Aussie in an attempt to prop up one of the most overvalued currencies in the world?

How come, as I sit here and type, they sit also, on the bid of AUDNZD to support their currency while their neighbors currency continues to decline sharply? How come that behavior does not exit between other neighboring CBs such as the Fed and BOC, or the ECB and BOE?

How come the National Pastime of Australia is to prop Aussie?

@chloe-the price action in USDCAD lately reminds me of how it was in early-mid Jan before it finally "broke-out" to 1.0720

@chloe-I have built up a short position with an average price of 1129.9. I am keeping a few lots for the hopefully the large decline Ashraf and others have been predicting, and I am position trading the others to lock in profits and play the trading range.

Gold had that quick rebound off 1126 to 1133.5, where I reshorted the position lots. Right now I have a limit on the position lots to close at 1126.5, which I hope to hit in the asia session. However, if Gold is looking extremely shaky, I may lower the limit to close the position lots to 1121.9.

I currently have a 1089 limit to close the other lots. This is subject to change.