All my October Trades
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9/26
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10/2 -
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10/2 - NZD/CHF LONG
LONG NZD/CHF
@ 0.7101
SL @ 0.6967
not filled, cancelled.
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10/2 -
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10/6 - EUR/AUD SHORT
SHORT EUR/UAD
@ 1.4684
SL @ 1.4924
10/12
10/13
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9/26
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10/2 -
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10/2 - NZD/CHF LONG
- This is a very similar picture as AUD/CHF. NZD is doing much better both fundamentally and sentimentally and on top of that, it also has less risk for this week as there are very few datas coming out. Technically, we had a bullish big shadow and is not in the range bound.
- The catalyst was the SNB intervention and the general sentiment.
- We’re in the range bound.
- The risk is the sentiment changes; or any negative comments from RBNZ. Basically if RBA cuts rate, then market is going to anticipate a rate cut for sure from RBNZ. If RBA does not cut rate, then market might still anticipate a rate cut for RBNZ but will has less impact in against CHF.
- I’ll manage with the news and datas
- Yes i think this trade actually has a lower risk then AUD/CHF.
LONG NZD/CHF
@ 0.7101
SL @ 0.6967
not filled, cancelled.
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10/2 -
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10/6 - EUR/AUD SHORT
- EURO has suffered from the negative sentiment of GBP, the banks stability and continuous easing. Meanwhile, AUD is a more strong currency both fundamentally and sentimentally.
- The catalyst is the large selling of GBP, the negative sentiment of Eurozone as UK leaves, the banking system of Europe.
- we’re in an oversold touristy but still rooms to go.
- The risk is really the 2 things; the tapering of ECB easing which will boost EURO if this is confirmed as a fact not just rumour; and the RBA dovish statement.
- I’ll manage with the above mentioned risks
- Yes as i do have more confidence toward AUD both fundamentally and sentimentally.
SHORT EUR/UAD
@ 1.4684
SL @ 1.4924
- We got in this trade during the Asia session and market reacted well at the beginning, however, the day ended up with risk off sentiment to help EUR and we are in drawdown now.
- I think AUD really has no major news coming up so does EUR, and now the market is really short-term bias with sentiment play, with the current UK concerns, we might have more risk off sentiment which can hurt us, or some result might come out next week to settle things out - we never really know what’s gonna happen in the market, so what can do is really protect ourselves.
- I’m still in this trade is because although i’m in drawdown now, the fundamental reason is still with me to favour AUD, while EUR might suffers from more negative sentiment because of UK and/or things might settle down and we have risk on sentiment next week. It’s too early to tell so i’m still in.
- Fundamentally i’l still get into this trade but maybe it’s better to wait for more clear signals next week, we might test the 1.4850 area before we drop further, the good thing is that we’re in with the bigger trend which is down but bad thing is that we might get in too early and will be stuck in the range or worse, stopped out.
10/12
- This trade has been working well; we had more sentimental strength into AUD and EUR is still pressured by the Brexit and should continue to be pressured until the whole things settle next year.
10/13
- we had a small rebound today which was expected, also AUD had a negative sentiment from both risk off day and negative reading from Chinese Trade Balance. We still think this trade is going to work out in a long run as EURO has much more negative sentiment and datas than AUD.