Comments on: RBA: More public comments regarding the high AUD https://fxww.com/rba-more-public-comments-regarding-the-high-aud/ The Professional Source Tue, 23 Oct 2012 02:52:34 +0000 hourly 1 By: Sean Lee https://fxww.com/rba-more-public-comments-regarding-the-high-aud/#comment-2149 Tue, 23 Oct 2012 02:52:34 +0000 http://fxww.dreamhosters.com/?p=1697#comment-2149 Best we find you a new broker Rahul 🙂 Intraday trading requires constant almost 24/7 attention to the market and whilst I did that for 2 years after leaving the bank, it was simply too exhausting. I needed to find a trading style more suitable for the 45+ 🙂

]]> By: Rahul https://fxww.com/rba-more-public-comments-regarding-the-high-aud/#comment-2147 Tue, 23 Oct 2012 02:48:03 +0000 http://fxww.dreamhosters.com/?p=1697#comment-2147 i hope this is not the same position that you had a few months back when you were at forex live :D. I remember you explaning your method of building a position by buying higher and selling lower till its breaks lower (and vice versa).But, im not sure if its an account limitiation, my broker doesnt allow me to choose which position i close.I have to close the one i have entered first. Your method cannot be entirely replicated,even though its sound.

]]> By: Sean Lee https://fxww.com/rba-more-public-comments-regarding-the-high-aud/#comment-2136 Tue, 23 Oct 2012 02:18:06 +0000 http://fxww.dreamhosters.com/?p=1697#comment-2136 That’s presuming Mike that an old dinoasur like me is able to handle all this new webinar technology 🙂 Excellent chance that I’ll stuff something up.

]]> By: Mike https://fxww.com/rba-more-public-comments-regarding-the-high-aud/#comment-2134 Tue, 23 Oct 2012 02:12:33 +0000 http://fxww.dreamhosters.com/?p=1697#comment-2134 Rahul,

Sean is very good at building positions, especially when the direction is right:), If you want to know detail, register his fxstreet webinar.

cheers~

]]> By: Sean Lee https://fxww.com/rba-more-public-comments-regarding-the-high-aud/#comment-2131 Tue, 23 Oct 2012 02:08:09 +0000 http://fxww.dreamhosters.com/?p=1697#comment-2131 Hi Rahul, this is one of my big picture trades and I cannot really lose money on it now as my average entry is well above the market. I was lucky in that I initially entered at a really good level with a moderate position size and this has allowed me to be patient and build. My view is that we get a bearish break over the next few months towards 92/94 and when that happens, I’m hoping to get the timing right and have a large position. For moment my possy is quite small so hopefully the break doesn’t happen now 🙂

]]> By: Rahul https://fxww.com/rba-more-public-comments-regarding-the-high-aud/#comment-2129 Tue, 23 Oct 2012 01:56:42 +0000 http://fxww.dreamhosters.com/?p=1697#comment-2129 hi sean, how do you manage your aussie short? staying short on a stagnant aussie, even if its a pause, can really eat into your profits. and the aussie has been pretty resilient through the last few months, so wouldnt you consider the trade a bit risky?

]]> By: Sean Lee https://fxww.com/rba-more-public-comments-regarding-the-high-aud/#comment-2125 Tue, 23 Oct 2012 01:21:23 +0000 http://fxww.dreamhosters.com/?p=1697#comment-2125 Fair point Mike, he has surprised before and could do it again.

]]> By: Mike https://fxww.com/rba-more-public-comments-regarding-the-high-aud/#comment-2123 Tue, 23 Oct 2012 01:18:50 +0000 http://fxww.dreamhosters.com/?p=1697#comment-2123 Hi, Sean,

Glenn sometimes put his show, like 1st May when everyone expect 25bps cut, he set a 50bps cut. If tomorrow’s CPI is lower, the chance to cut 50bps is higher.

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