Comments on: AUD/USD weekly preview, October 14th: Stronger CNY and SGD could foster short-covering

By: SergaNet

SergaNet — Sun, 14 Oct 2012 21:51:31 +0000

In reply to Sean Lee. >Thanks Sean! Probably I not one will trade this range :)

By: Sean Lee

Sean Lee — Sun, 14 Oct 2012 21:45:16 +0000

Hi Serga, I agree that range trading is the correct mentality and those levels you mention sound extremely logical. Good luck++

By: SergaNet

SergaNet — Sun, 14 Oct 2012 21:39:33 +0000

Good morning, Sean!
From the beginning of week and successes to you!
Cable I will sell from 1.6177 or about that, the purpose of sale 1.5848 to stop losses sees higher 1.6240, but I do medium-term trade therefore I will stop losses at myself slightly above 1.63 Of the area 1.5850 I will buy a cable, the area 1.65-1.66 and a stop yet didn’t define the purchase purpose. How your thoughts Sean on it? Thanks!

By: Sean Lee

Sean Lee — Sun, 14 Oct 2012 20:58:44 +0000

Hi Hitesh, thanks for the kind thoughts. I agree, definitely now prefer the buy-dip trade. Id look to buy near 16000 with s/l below 15950. Another test of 163 is certainly looking likely but there are lots of sellers, real money funds and US corps, so any gains will be fairly slow imho

By: Hitesh

Hitesh — Sun, 14 Oct 2012 18:00:39 +0000

Hi Sean,

Would like your take on the pound. My feeling is the minutes could sound hawkish to keep inflation down taking pound back to 1.63-1.64 area before gradual fall beginning PMI’s due for next month.Its very fundamental with no technical aspect working at the moment.

Hope your venture is working well and hope you do well in setting up asean manpower!

Thanks