Comments on: EUR/AUD showing no signs of getting tired

By: Sean Lee

Sean Lee — Thu, 04 Oct 2012 22:28:32 +0000

Agree exactly, that’s the danger because it’s so low it can bounce still quite a bit so I’d be careful

By: Lam-Son

Lam-Son — Thu, 04 Oct 2012 22:27:22 +0000

Thanks for your input Sean. The EUR/AUD is very tricky these days. Was down to historical low level 1.6 and now creeping towards 1.3 🙂

By: Sean Lee

Sean Lee — Thu, 04 Oct 2012 22:13:32 +0000

Hi Lam-Son, no I don’t think selling here is a good idea. I’d play a 12550/12850 type range with bullish bias. So wait for bigger rallies before selling and also wait for short-term tops to form so you can know where to put your s/l order. Definite bullish bias on this pair so use dips to reduce exposure imho

By: Lam-Son

Lam-Son — Thu, 04 Oct 2012 22:10:19 +0000

I’m losing 300 pips on a small SHORT position of this pair. As it is small and I get positive interests on this position, I am not worried too much. I consider rescuing it. Do you think that opening another short position around 1.27 is a good idea? Regards!

By: Sean Lee

Sean Lee — Wed, 03 Oct 2012 10:01:45 +0000

Hi Banya, I think this party boat has already left the dock but there will be other chances I’m sure. I agree with you that the risk-reward with entering here at 12650 just isn’t good enough so best wait n hope or look elsewhere for better opps.

By: Banya.

Banya. — Wed, 03 Oct 2012 09:20:21 +0000

My common sense tells me not to chase the trend.So i shall patiently wait for a retracement whenever it suffices.Or do u think i have already missed the party,Sean?