Aud/usd

Kastro, yes. Still long. Target is back in the 7525 range. I'm also about half a million units short on EUR/AUD at an avg 1.6935 price.

B1S2, don't worry. I don't take offense at your comments I was kidding with you too. You said "hold on" as it dropped a bit, and I wasn't kidding. I was holding on to my seat!

I just don't see the justification of shorting the Aussie at this point. Not yet.

 

Ivan: Are you playing USD/CAD at all?

 

Still holding Aussie futures (and Canadian futures by the way) short here.

 

I bought AUDUSD@0.7424 with the s/l at 0.7330 (see the probability map below).

 

Yes, agree looks very promising for a possible reversal at this point



regards - arco

 

The number of promising reversals I have taken ... only to see how impressive a followon they have after we load up for the reversal is very sad. If pitchforks represent the energy of the markets you can see some nice down options too.

Not that I'm saying you won't be lucky of course.

Note the "S&P will reverse here or Pabst will leave the house" thread.

 

Hello Kiwi

I dont personally ever enter on a 'promising reversal' until I have a confirmed signal that the trend has definately changed.

regards - arco

 

Much more sensible than some of my past exploits. Your saying that might just have saved someone from "following you" and then blaming you afterwards.

 

The trade is closed @ 0.7525

 

I'm still short on a much longer timeframe.