Your Focus Determines Your Reality
USD/CAD Trading Room 470 replies
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Do The Trading Room 20 replies
DislikedIn my view, Current risk is to the downside on NZD/JPY, so short is an certainly an option.
Look to Liquidate Short if taken at 75.50 - 76.50, and take Long postion there.
Hope this Helps...
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DislikedThanks. I'm currently short with a few scattered positions, but a bit worried about the nzd interest rate statement tomorrow.Ignored
DislikedDon't mistake the IR statement by the RBNZ to have any effect on NZD/JPY.
If it becomes a market mover most action expected at NZD/USD.Ignored
DislikedSo not much effect? Great. I got into a bad hedge trade with gbpjpy and nzdjpy. I've worked my way out of the gpjpy trades, now just have the nzdjpy left and trying to figure out the best way to handle them. I'd like to get some sleep tonight. Not sure If I should open a hedge or leave it naked.Ignored
DislikedMy moto in this case is:
"When in doubt - Stay out!"
which means in your case, get out...
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DislikedYes, usually would, but I have too many on. And without the rest of my hedge it's not protected. I'll just trade though it. I appreciate your analysis though. Nice to hear you think it will drop.Ignored
DislikedIt will drop in my opinion but it can also stop anywhere at the 77 range, and don't forget you're in a killing interest rate situation, so holding on to short positions is bad vermin...Ignored
DislikedDUDE! what the hell are you doing up? go get some sleep...
sure you can hang out here all you like...Ignored