Posts by "pippedoff"

You HAVE TO BE impressed with the RBA's resolve to continue to support and prop their beloved Aussie here. I just wish they can blow this thing up to the high 0.900z already! Maybe they can't because SMART folks are selling into any rally of the overpriced Aussie.

As predicted, the idiots are now scurrying out of euro as EUR/GBP gets pounded in here. But for some stupid reason, they scurry into GBPUSD. Amazing!

Will someone PLEASE call the RBA and the Westpac WEATHERMEN analysts and alert them that aussie is back down to 0.8950. RBA been selling all currencies vs Aussie in a desperate move to PROP their beloved currency in sharp contrast to responsible Central Banks like SNB who SELL their currency to STOP it from appreciating too much in true safe-haven buying. Aussie buyer's aren't safe-haven buyers, they are speculating YIELD HO'z.

Who in their right mind would be buying Aussie at these nosebleed levels with all the CHAOS in the world? Westpac WEATHERMEN and HOMER ANALYSTS clients, that's who. Going long Aussie in front of RBA rate decision, while Westpac pumps 'n dumps to them. Is Westpac being bought out by Goldman Sachs or something?

I'm also playing Aussie short through Ashraf's AUDNZD call.

However, I have to be careful with this pair as my trading platform with $1,000 lot sizes carries a 20-pip spread on AUDNZD (criminal!), while my platform with $10,000 lot sizes carries an 8-11 pip spread. I am not willing to place more than one lot in the $10,000 platform, and I have a hard time handing my hard-earned money to the $1,000 platform so they can pay themselves with a 20-pip spread.

@mon-you are correct in that EURGBP "eats up" margin at the same rate euro does. I agree most of the time margin can be better deployed elsewhere. However, when the idiots spiked EURGBP to 0.9151, I just had to short some (which I did at 0.9140).

I just closed a few hours later at 0.9063, for a COOL 80 pips in a few hours. I do think this pair will go lower and eventually closed today's gap. However, I made the easy money and I will let the pigs and greeds battle for the remaining pips here.

I'm moving to Aussie for the destruction of that overvalued Yield Ho post-RBA! And Aussie uses a heck of a lot less margin than EUR/GBP!