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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:
Commodity FX (CAD AUD NZD NOK)
Discuss Commodity FX (CAD AUD NZD NOK)
NZD is testing the 50 fib retracement from October highs to the December low AUD facing resistance at 1.016
It is really bad to be in your situation when you just loss youre hard earned money especially in the current recession time where money is hard to come easily.
My friend if I am in your situation I will but stop loss above 1.016 and stop loss above 0.7680. And hope for correction, there is not much thing you can do in your situation. Lesson hard learned I hope you learned from it.
one thing I would like to say that the AUD made eight( 8) continuous rally against the USD. this happend only once in the last four years. so I think it is likely that the AUD will fall 2moro but how knows??
i have aroudn 7 open positions all shorts in audusd and nzdusd , aud shorts starting from .99 .9960 and 1.0050 then nzdusd shorts from .7430 .7460 and .7510
my leverage is 200:1
my accoutn status is showing here .. i am in real trouble that is the reason i am begging to all of you experts to help me ..
Balance: 16,157.11
Equity: 7,997.11
G$P/L: -8,160.00
N$P/L: -8,466.54
Used Margin: 2,000.00
Usable Margin: 5,997.11
What is your open position and size?
How much current equity and free margin do you have?
What is your leverage?
Let's watch Chinese PMI tonight.
Target 1.0085.