no kidding, how does Soros always know what is going to happen? That was a nice trade in AUD last night.Quote from contra:
you gotta pick a direction, how else can you make money trading spot fx unless the pair moves your way as expected without hitting your stop first.
Quote from oldtime:
no kidding, how does Soros always know what is going to happen? That was a nice trade in AUD last night.
because I think everything has to even out
so yes, it's just reversion to mean
with some kind of idea to look for opportunities on extremes
but when it trends, it trends harder and longer than any but Soros ever planned for
hard to know about that guyQuote from contra:
lol who even knows if it was true, but would be even nicer if he's getting long aussie right now.
Quote from oldtime:
well I know I have sure gotten burned going long aud.usd
been long a long time
basically I'm short eur/aud
depends on the moment how much size I have on long aud.usd
and short eur.usd
that eur is getting hard to read at 1.30
short it all the way up to 1.34 and cover at parity?