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by Ashraf Laidi
Posted: Aug 21, 2008 1:37
Comments: 525
View Analytic
This thread was started in response to the Analytic:

Speculators' Futures FX Positions

The weekly figures on traders' futures commitments obtained from the Chicago Mercantile Exchange's International Monetary Market shed valuable light on the developing flows pursuing one currency versus another.
 
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Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 15, 2009 19:53
Qin, you were short USDCAD? I was talking about buying USDCAD for the past 2 weeks.

Ashraf
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 15, 2009 19:50
Hey, Mo
I don't use stop loss on my trading. If USD reaches the level I mentioned, I will lose 20% from my account. And thats why I am still waiting.

Good luck for your positions.
mo
liverpool, UK
Posts: 123
15 years ago
Jun 15, 2009 19:17
Hey Qin
In your last post you wrote
hold my position even AUD/USD goes down to 0.7850 and USD/CAD goes down to 1.16
Does this mean that if these level is reached in the Aud and CAD you have margin calls on your account? You dont use stop loss when you trade?
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 15, 2009 17:52
Hey, Ashraf
I will be fine to hold my position even AUD/USD goes down to 0.7850 and USD/CAD goes down to 1.16.
Because I just got half of my positions. And maybe I will add more next week.

Right now, I think I will be fine without hedge anything.

Thanks a lot for answering me the question....Market is testing my nerve now....

Best regards
Qin

Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 15, 2009 17:35
Qin, i always stated that long Aussie positions were for long term hold designed to withstand the interim selloffs. we could see 0.7880 and 0.7820. equities may drop some more rest of the week so brace yourself. hedging may be done on short AUDJPY

Ashraf
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 15, 2009 17:21
Hey, Ashraf
If I want to hedge now, which pair do you think will be the best for me to hedge?

Best regards
Qin
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 15, 2009 16:58
Hey Ashraf
I long AUD and CAD, short USD last Friday. But it is hurting me now. I just want to ask how much do you think USD will rally to?

I suppose to keep my positions and maybe add more short on USD next 2 weeks. Do you think it is good strategy or I should do some hedge to minimize my loss? ( maybe short EUR/USD??)

Best regards
Qin
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 15, 2009 16:38
mo, eurgbp could drop to as low as 0.83 but it's not a pair that id be chasing.

Watch USDJPY to complete the turn towards 97.30

Ashraf
mo
liverpool, UK
Posts: 123
15 years ago
Jun 15, 2009 14:55
Hello Ashraf
I remember in November last year- Euro/GBP was trading at 0.85 - you forecast that they will hit parity, you almost got it right.
What a bout now where do you see Euro /GBP ?
speculator
Posted Anonymously
15 years ago
Jun 10, 2009 7:20
mo yes i would for a quick move higher but upside limited.
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