Forum

Posts by "qin"

482 Posts Total by "qin":
475 Posts by member
Qin
(Jonkoping, Sweden)
7 Posts by Anonymous "qin":
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 5, 2009 21:07
Hey, Forextrader
Maybe you are right. USD will keep rally in next 3 to 6 month. I am thinking about how much it will continue to rally now. But buy USD and sell commodity currency is high risk.

I am thinking about if USD will keep rally into next 3 to 6 month or not. Maybe I will long USD and short GBP. But the signal for USD start rally from now is not clear yet.

Check the commodity price, if the economy is getting better, commodity will rise first.
And it is the USD weakness point.

Have a good weakend!!!
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 5, 2009 20:28
Hey, Forextrader
I believe that USD rally is temporary consolidation. it will stop soon, maybe next week. I don't have strategy anymore now. When this USD rally over, USD/CAD will go target 1.05.

I am not really professional on FOREX. But this kind of rally is more like consolidation or profits taking. In my mind, the big picture did not change yet.

I put my capital in CAD when USD/CAD was 1.29. I think it is a very good decision.

What do you think? Ashraf
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 5, 2009 16:59
Hey, Ashraf
I have close my position two days ago. USD/CAD should have a little more room to rally. But I don't want to get into trade on the pare now, I am not good on chasing price.

But I am looking for the next USD selling off season coming. It should come soon, maybe next week, right?

Best regards
Qin
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 5, 2009 16:20
Hey, Mo
I was long USD and short CAD at the same rate as you, but I booked my profits at 1.10.

Good Luck with your positions!!!

Let look for a chance to short USD/CAD next week!! Cheers!!
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 5, 2009 14:56
Hey, Mo
By the way, I don't think I will entry again today, waiting for next week.

About USD/CAD, I think maybe it will go 1.3 to 1.4.......Anyway...keep in touch!!!
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 5, 2009 14:52
Hey, Mo
I just short USD/CAD when the report came out and after 2 minutes I closed again. I made some money and survived.

Did you short or long anything?? I don't have any position with me now.

Good luck!!
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 5, 2009 13:27
Hey, Mo
I usually watch the USD/CAD, if the rate being flat for 1 or 2 days, usually it signal that reversal is coming soon.

Good luck!!
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 5, 2009 13:04
Sorry, Ashraf
I didn't really look it carefully. To be honesty, I just notice that currencies is affected by bond market last week, when people were talking about selling bonds.

By the way, there are many investors and analysts encourage people short USD and long commodity currencies.
But the banks like USB and RBC are now talking about selling EUR and buying USD. It remind me that banks said buy GBP and sell USD when BOE was announcing print more money to buy gilts.

I am little scary of recently market, don't know whom I should listen to. Do you have any clue why the banks are talking about long USD and short EUR? And if it is possible that EUR will get weak for a while, will it affect to long CAD and AUD and short USD? I am looking for a chance to long AUD, CAD and short USD now.

Best regards
Qin
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 5, 2009 12:00
Hey, Ashraf
I still don't understand the chart about EUR/USD and 10 yield bond which you showed on the web.

According the chart and your explanation in 2008 October, if the bond yield is rising, it will make EUR/USD weak.
As you reply to me that you still see EUR/USD will go to 1.5, which means that the bond yield will go down or keep flat. Is that correct? On another hand, what will happen to the commodity price?

Best regards
Qin
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 5, 2009 12:00
Hey, Ashraf
I still don't understand the chart about EUR/USD and 10 yield bond which you showed on the web.

According the chart and your explanation in 2008 October, if the bond yield is rising, it will make EUR/USD weak.
As you reply to me that you still see EUR/USD will go to 1.5, which means that the bond yield will go down or keep flat. Is that correct? On another hand, what will happen to the commodity price?

Best regards
Qin