Joined Mar 2011
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Status: Focus on the action not the outcome
|633 Posts
I am usually way too early on subjects of positioning but the lack of interest in Long AUD is the lowest it's been since the dark days of the GFC.
I realise the reasons to be short are compelling but aren't they all "known"?
Joined Mar 2011
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Status: Focus on the action not the outcome
|633 Posts
Aussie... lastly Capflow is turning fast. It's never a good idea to pre-empt the turn (even though I have in buying the Aussie yesterday).
As soon as Capflow confirms buy I will be adding on with every new buy trigger.
Joined Mar 2011
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Status: Focus on the action not the outcome
|633 Posts
Gonna hold Long AUD/USD from 7095 and Short USD/CHF from 1.1075.
Capflow is Buy for sure now and I think this US$ unwind can travel further given the language I am hearing from the US$ Bulls holding positions that are under water.
Joined Mar 2011
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Status: Focus on the action not the outcome
|633 Posts
I have bought EUR/USD here at 1.0634
Capflow is still red but i HAS to fall tonight to stay red. Tomorrow is turns buy big time if it doesn't go down.
I like being early, especially when everyone around me is so bearish. It;s the same trade as the one I closed in the USD/CHF earlier I know but I feel OK about it again.
I have a disaster stop at 1.0530 at the moment.
Joined Mar 2011
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Status: Focus on the action not the outcome
|633 Posts
Stopped out of Long EUR/USD at 1.0589 for -46 pips.
Why did I buy it? Because I second guessed Capflow turning... Tell me where it turned black apart from one brief print yesterday?
Joined Mar 2011
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Status: Focus on the action not the outcome
|633 Posts
Closed USD/JPY shorts at 122.86 for 6 pips loss. It had three attempts to trade lower and failed. These trades need to move and get on with it or exit.
Holding Long Kiwi for now.
Joined Mar 2011
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Status: Focus on the action not the outcome
|633 Posts
Have just bought a EUR 1.0700 Call to NY Cut this Friday with Reverse Knock Out at 1.1000 - Cost 21 pips.
It's just a cheap "disappointment trade". ECB has heaps in the way of expectations to live up to.