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- mahras replied Jul 1, 2014
Very weak follow through on mediocre news. Short 0.9452. Going to add more if break of 0.9395. Targeting 0.9340 region. Stopping myself out at 0.9475. Good luck all.
- mahras replied Jun 26, 2014
This sort of talk always happens in this forum haha. Don't pay heed and do your own research. Key in these critical steps is risk management. However, one thing to note is that shorting near such a nice round number target as .8800 is very tough and ...
- mahras replied Jun 26, 2014
Bot some USDJPY @ 101.67. Stops tight at 101.40. The rejection of the risk off move across all asset classes (commodity currencies, equities, credit etc) shows resilience of the risk-on environment. Lets see how this goes. Targeting the mid 102 area ...
- mahras replied Jun 25, 2014
Got out of the NZDUSD short overnight. Took the loss and glad I did...would have been 20 pips worse now. These conditions are very robust for yield grabby behavior. I would stick to trading on the long side after this GDP print on all the yield/USD ...
- mahras replied Jun 24, 2014
Couldn't agree more. I have come back from some horrible drawdowns. Just a matter of grinding it out, learning what errors were made, and staying in the game.
- mahras replied Jun 24, 2014
Appreciate it. I got caught in that IR hike too and took a 90 pip hit on a fairly sizable position as I actually expected Wheeler to go the other way and be more dovish. Oh well...losses happen, its how we bounce back is what great trading records ...
- mahras replied Jun 24, 2014
I wouldn't be surprised to see 8800 but a decent amount of the rate hikes has been priced into this pair already. However, again critical to have a price and time stop. Saying this from being spanked by this pair (and AUD) in the past. In addition, ...
- mahras replied Jun 24, 2014
Indeed shorting this pair sucks which is why I often times set up a time stop on my position so I don't get cornered into paying 1pip/day. Generally if a pair has a swap +/- .5pip per day I am adding a time stop. I might miss a move but at the same ...
- mahras replied Jun 24, 2014
Agreed although I viewed the support at .8680 level so shorted when I saw a break of that. Tell me about it. Lost a nice chunk of change fading the RBNZ induced rally although made a decent chunk back by flipping from long to short AUDNZD which got ...
- mahras replied Jun 24, 2014
Lets try this game again. Going short NU @ .8677. Stop at .8707. Target .8603. Burnt a lot of money being offsides on the AUD and NZD pairs this last few months. Lets see if this time any different.
- mahras replied Jun 12, 2014
Buying some AUDNZD here. Stops at 1.0801. Targeting 1.1 level. Touching the falling knife but lets see if some green pips come out of this. Didn't put my level. Its 1.0856. Still think there is more to the AUDNZD story than what this pullback ...
- mahras replied Jun 6, 2014
Bad week for me but ending the week with 1 trade on the books: Short USDJPY 102.49. Stops at 102.77. Target 102.03. (win 46 risk 28). Have a great weekend all. Tough weeks like this make trading so tough (over leveraged and got whipsawed. deviated ...
- mahras replied Jun 4, 2014
MNI reporting China's largest trade finance supplier is cutting back on iron ore financing. Yet another blow to AUD funcdamentals. Let's get this damn .92 level breached already
- mahras replied Jun 3, 2014
No PDFs. But you can read the release when the RBNZ Chair Wheeler spoke at the milk conference (led to the start of the recent NZD downleg). 25% of their export so makes a direct impact.
- mahras replied Jun 3, 2014
Milk prices decline in global auction. Had SL moved to BE. Actually have flipped short at these levels. Could be the push needed to break below 8400 level.
- mahras replied Jun 2, 2014
Taking a gander and bought some NU at .8455 targeting .8488. Stops tight just under the low at .8438. (risk 17 for 33).
- mahras replied May 28, 2014
Still short AUDUSD (cycled out of NZDUSD short in the ANZ space end of last week) which was a bad trade (aka would have made more staying short NU vs AU). However, looking for an overall catch up for AUD to the NZD move down. Structurally, if a .92 ...
- mahras replied May 22, 2014
Bizzare that NZDUSD holding up so well vs AUDUSD testing its recent lows. Lets hope for a big push down people. The carry on the short is a killer though.
- mahras replied May 21, 2014
Short AU at 9350. Targeting <9300 levels. Stops fluid but hard stopped at .9380. Caveat: Ive lost a bunch of money on AU/Kiwi longs early this week as I expected global low vols to be constructive of carry. The price action in JPY pairs, EM, and G10 ...
- mahras replied May 21, 2014
Shorted UJ 101.50. SL around 101.6x. Targeting retest below 101 on the minutes. Decent R:R.