tag:blogger.com,1999:blog-18183714.post760929775768283866..comments2024-03-08T20:25:35.963+08:00Comments on Malaysia-Finance Blogspot: Renminbi Going International & Gaining Traction In Acceptance SalvadorDalihttp://www.blogger.com/profile/06868577716920232901noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-18183714.post-3846015235451096322013-11-23T22:06:35.841+08:002013-11-23T22:06:35.841+08:00Typo error.Add 1 more position of Aussie at .9170 ...Typo error.Add 1 more position of Aussie at .9170 and not .9130 to average .9252.<br /><br />Euro which tanked to a low under 1.34 when the ECB said that it might even set bank deposits at -.1%, rallied and closed at around 1.3560.I am not an expert at central bankers lingo,but I take it that they might even ask depositors to pay .1% fees to park their hard earn money.And the Euro tanking after the news,came back and socked the greenback for 160 pips in a couple of days.Go figure.<br /><br />We picked the Aussie over the Euro because of my earlier mentioned 5 waves move,with 3 impulsive waves up.But we were to hasty in our trade to go long.A and b waves completed and c wave in motion,we should have waited for the .9150-.9050 range to complete the correction.And Aussie drop to a low of .9140 before rallying to closed at .9190.<br /><br />If this is another 5 waves move up to complete an ABC correction in the Aussie on the daily charts do expect the Aussie to rally to par or even 1.02.<br /><br />That will mean one more thing.The stock markets will rally to higher uncharted territory into the end of year.Will we cover our shorts S&P?.No way.This is one trade worth sweating it out.Year end volume will slow down eventually next month so do expect some some crazy swings as players unwind for the holidays.brunohttps://www.blogger.com/profile/18125168104617279859noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-46545228774395874942013-11-22T20:23:57.581+08:002013-11-22T20:23:57.581+08:00So much for thirty or fifty pips.I took profits an...So much for thirty or fifty pips.I took profits and flip positions to fast and paid heavily for the Aussie trade.Euro has gone North and the Aussie has gone South.Just add 1 more position at .9130.Aussie has one more huge rally coming in the next few weeks.Stops at .8850.brunohttps://www.blogger.com/profile/18125168104617279859noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-64871289898224643002013-11-21T06:46:33.287+08:002013-11-21T06:46:33.287+08:00Just went long Aussie at .9333 for Kobe beef dinne...Just went long Aussie at .9333 for Kobe beef dinner.Thirty to fifty pips and I am off running to the bank.brunohttps://www.blogger.com/profile/18125168104617279859noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-38170144526893260002013-11-21T06:42:02.531+08:002013-11-21T06:42:02.531+08:00Just took 80 pips profit in Aussie and 90 pips in ...Just took 80 pips profit in Aussie and 90 pips in Euro shorts.I am so very happy.If only I knew how to trade the fx so well twenty or thirty years ago.brunohttps://www.blogger.com/profile/18125168104617279859noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-54183667506887342682013-11-20T04:59:22.642+08:002013-11-20T04:59:22.642+08:00one central key is prices of oil/energy as it driv...one central key is prices of oil/energy as it drives nearly all aspects of the economyclkhttps://www.blogger.com/profile/08700265260371403083noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-59751792549616932082013-11-20T00:54:59.660+08:002013-11-20T00:54:59.660+08:00Yippee. The girls are back.
Thought you had becom...Yippee. The girls are back.<br /><br />Thought you had become conformist.panaceaasiahttps://www.blogger.com/profile/07119125863915991928noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-54182755386948260942013-11-19T17:24:08.516+08:002013-11-19T17:24:08.516+08:00The Renminbi will definitely become an internation...The Renminbi will definitely become an international currency.But when the gurus talked about it replacing the USD as the world's reserve currency,the greenback will come back kicking like a crazy mule.brunohttps://www.blogger.com/profile/18125168104617279859noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-44218525247351336842013-11-19T12:25:30.586+08:002013-11-19T12:25:30.586+08:00Now that pics of beautiful ladies are appearing ag...Now that pics of beautiful ladies are appearing again after a long absence like hibernating bears, I think better days are ahead for all brave and smart people like us.Cheers.brunohttps://www.blogger.com/profile/18125168104617279859noreply@blogger.com