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American perspective here from someone living in Sydney; fundamentally, I think your best chances for a long-term trend upward for AUD will come again this year, when the pressure on the Fed to cut rates really increases, could even be this summer (northern). The fear of a recession is really in...

A shoulda, woulda coulda. (I could have retired -- again -- if I wanted to plow everythinginto that trade!) I was just expecting a dip before the BNZ meeting, not the long-awaited meltodown. Thus I made enough to help cover my Long US positions and IRA losses. Down 1% across all accounts for...

Totally agree with the cable situation, considering the fundamentals in UK and the US ... Things will bounce back .....

Predictions on settlement?

Hey, you longs may very well be right and with NZ possibly raising rates ... I close my position tonight (Sydney time). Small (30 tick) profit on the March futures. If it runs much past 71, I may be back.

I agree, to some degree. A rate hike looks likely next week, but the question is how much of that is built in to the prices (I do futures; not cash Forex, btw.) A NZD/USD in the 70s is not sustainable, IMHO. Long-term Kiwi is heading for a fall, the only question is when and how much pain you...

Last thing I read in the Fin was that things were looking like they were slowing down in NZ ... And a .80 Kiwi, with a normal spread over the AUD/US would mean, what a .90 cent AUD/US?!?!?!?! Could happen some day, but ......

I went short overnight (Sydney time) a few ticks lower than you, so sitting with a small loss at the moment as it hits 71 cents. The thought of the kiwi going to 72 or 73 and sitting there for any length of time just boggles my (American) mind. This has to come down to 68-67 over the next two...

That's okay; I just want to practice electronically rather than on paper.

Ok, but I still prefer to take some tests in advance on computer, if possible. Anyone know?

I'm abroad and have a two-year old study guide for the Series 3, but I'd really like to take some practice tests on a computer screen, CD-ROM or online. That's how the test is given, right? Anyone know of any?

Any pundits out there wanna tell me when I should consider shorting?

I know I should know this and in fact I probably do it correctly instinctively, but are there rules of thumb for when to place a stop loss/limit on an option versus a mental stop loss. And is it possible (at IB) to trigger a stop loss on an option when the underlying hits a certain level, and...

In in Sydney for a couple of years and was wondering f I could take the Series 3 online or something down here.

I'm in Sydney for awhile, with the book, and thought it might be a pleasant way to pass the time ...

I did get the message, but it is assumed we all know on this board what delta is, per se. I was inquiring about using delta informally, so to speak, for a second purpose, making a BOE compuation about probability, and how imprecise it may be. A couple people got my drift on here, and I thank...

Just happened to be doing cable, so I feel ok. Thanks for the explanations. Makes sense.

So the deltas as a makeshift probability calculator is even more imprecise? How much more?

Someone asked why I asked this question initially and it was because I had done some hasty sales of way OTM currency futures options, based on probabilities based on deltas, rather than a probability calculator and I was wondering how off base I would be, not only in the actual trades I made but...