sorry, JJ. I agree my wording was not clear. to recap--i am SHORT the EUR/USD pair here expecting euro to rise--- Long euro. regards, surf
Is that how people usually express being long euro ("short the eur/usd pair")? I know it's upside down for yen (I see lots of people say "buying yen here" when they mean buying USD/JPY), but didn't know it was same for euro. If you are long euro you'd be short the USD/EUR pair, no? Anyways -- if break even was 1.26, how is it profitable at 1.2510? Just confused.
No, this is stupid. You're long the base/numerator as it is quoted. In this case; long dollar is short EUR/USD. At least make an attempt to appear knowledgeable.
yes, you are correct. totally my lack of knowledge in the currency market. i am short the eur/usd pair, making the position long dollar. thank you for the clarification. surf
*** According to OANDA, you're Long EUR/USD surf (Long EUR and Short USD), like illiquid and riskarb just said (attachment). I'll let you guys hash it out, I'm hungry. Dinner time. JJ P.S. - Just saw your post updating your postion. Um ... OK ... Fine.
GBP/USD "cable" 1.8553/8556 Units in USD required to finance the purchase of GBP. You're selling the domestic currency to finance the foreign base currency. You're always long the numerator, selling the denominator. Buying GBP at the offer will cost $1.8556 USD. You earn 50 pips if the pair rises to 1.8606/8609.
Yeah man, thanks for the clarification. They can get the long version from the word doc. Peace Out. Jimmy
man, sorry for the consternation caused. i (wrongly) believed that short eur/usd was long the euro, my error, in addition, switched from long eur/usd back to short eur/usd without advising--once again, my error. trading and the surf report has taken a back seat to the new fund project hence my seemingly lack of logical congruency in the posts. to recap the positions held now: SHORT eur/usd SHORT djia SHORT oil LONG naps regards, surf