affinity139
Short

TIME TO SHORT

FX:AUS200   S&P/ASX Index
49 3 4
The market played me on my eurjpy             position last week, i guess it tried to tell me how mysterious it is despite my expertise in timing it. I admit that now but the loss is a scratch from my previous three weeks rally in other positions i owned. Now the market has turned negative and very deep into it. I will be expecting a continued rally in XAUUSD             and a drop in WTIUSD. I will also expect gbpjpy             to continue its down trend and most importantly short every NZD and AUD pairs. It might be wise to stay away from their stock index or short it as well but i don't think there will be much move both up or down. Apply risk aversion strategy in all your holdings, happy trading all
I had the same experience with EURJPY which I was strongly longing. Anyway, next time I will position more time entries than market. Why do you short the commodity pairs aud and nzd? Their economies do fine and they will not reduce rates in the near future. I would appreciate your answer and have a nice day, Harilaos
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affinity139 harilaos
i am betting on chinese weakness despite their strong economy
Reply
affinity139 harilaos
but their is a hidden force in the market now because chinese trade data dissapoints yet their is no drop in those pairs. i guess i should stay away until U.K referendum is over
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