Guru trade

[Tsing Tao]

It would appear I was premature on my AUD/CAD short. Oh well, better to cash out with $$ than to not.

Reversing my position at this point and going long @ 1.0190. Looking for 1.04. SL is 1.01.

 

[Tsing Tao]

Closing position at 1.0145 as move deteriorated. Loss of 55 pips ($900 or so).

 

[Tsing Tao]

Opened short position in AUD/CAD @ 1.0378, initial target is par. Stop is at 1.0510.

Additionally, long USD/HUF from 226.50. Target is 243, with stop just under 220.

 

[Tsing Tao]

Quote from Tsing Tao:

Opened short position in AUD/CAD @ 1.0378, initial target is par. Stop is at 1.0510.

Additionally, long USD/HUF from 226.50. Target is 243, with stop just under 220.

Both of these trades look pretty good now.

A/C is up 50 pips and it would appear this move confirms the top was where the trade was made (imagine that!)

U/H is up approximately 300 pips and should handle any minor corrective pull back before pushing forward. Stop here is moved to break even.

 

[Tsing Tao]

A/C is up 90 pips. Stop moved to B/E.

U/H is up about 400 pips.

 

[RCG Trader]

Interesting thread you have here Tsing.

 

[Tsing Tao]

Thank you, RCG.

 

[Tsing Tao]

A/C looks to be stopped out at B/E very shortly.

U/H is looking very healthy, up 600 pips.

 

[Tsing Tao]

A/C was stopped out at B/E.

 

[Tsing Tao]

Wow, U/H stopped out at B/E as well. Who would have expected this silly season! Certainly not I.

Will look to re-establish this position when the enthusiasm fades.