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Forex - Category Archive


Mar 10
Wednesday

Short AUD GBP

Filed under Forex

Short one mini AUD/GBP at 0.613. Sorry we couldn’t resist.

Sure, UK is in trouble. Australia is fundamentally stronger with commodities and China as our next door neighbour. BUT, one of our rule is: Nothing moves in one direction (which it has so far - look at the chart)

10 Year Chart AUD GBP
10 Year Chart AUD GBP

Our strategy forward:

1. Short more, aim for topside heavy approach as close to 0.65 as possible. Even if its destined for higher, we believe 0.60 will be a nice pullback area.


All entries filed under Forex


Is the Dollar Really Safer Than the Euro?
no responses - Posted 03.04.10
The European currency has depreciated dramatically against the US dollar in the past few months, falling from over $1.50 on December 1st to $1.35 today. The move has caused many investors to question the viability of the European Union and its currency, while also serving to reinforce the notion of ...continue
Why the Euro Might Devolve into Euro1 and Euro2
no responses - Posted 03.02.10
The euro as presently configured is doomed due to structural imbalances between mercantilist and consumer nations. A "euro1 and euro2" system would allow a face-saving demise to euroland's single currency.   I've got a bad feeling about the Euro: the structural imbalances I presented yesterday irrevocably doom the single currency.   Just to ...continue
Battle Stations: Hold Your Positions
no responses - Posted 11.19.09
The final battle is drawing close. Whether it is another burst up or not, something has got to give. We have taken our positions and will form a line and stand our ground. This is one of our favourite battles from the Lord of The Rings. Long live the bears! continue
NIFTY Making New 2009 Highs
no responses - Posted 09.09.09
We remain bearish on India despite the generally bullish sentiment on most technical blogs. The NIFTY's rise above 4800 made headlines - it is possible for the momentum to carry it up further - as all eyes are set on the 5000 mark. We remain very cautious of the rally ...continue
Daily Forex Update
no responses - Posted 09.02.09
Currency Table continue
Do Forex Robot Softwares Work Experiment
no responses - Posted 05.14.09
Well the 2nd month of trading is upon us. 1st trade was on the 11th of April, so far we are up 5.3% at the moment things are quite slow, Got a feeling this month may be more like what I anticipated for last month 40-60% But you never can ...continue


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