GBPAUD - SHORT (AGAIN)

Taking another stab on the short side GBPAUD. Gave up some small losses attempting it on the move up.

It appears the tide may finally be turning.

Selling 1.9258.

SL Above at 1.9300

Target (MUCH LOWER) - Will update levels shortly.

Commento:

Commento:

We might be a little over done here? If you are an international company and have to deal with that swing, how might you feel?

Commento:

Ripped off?

Commento:

How do you predict your margins when you have large international institutions and your banks calling on you to ask what your business is. Your deposits are with them, and then they query you each month in advance to ask what your employment and business conditions are? Were it me, I would tell them nothing, because my reporting alone would allow them to HOSE ME. FORGET IT! Have a best guess Mr Banker else get a currency that is real and that you do not control.

Commento:

If you have one hundred million dollars in receipts and you rely on a BANK (OR ANYONE ELSE) to collect it and deposit it for you, then its your own fault if the fluctuations HAMMER YOU down. If you are a representative of Microsoft that wants to go get a car, they don't ask for Mr Gates to personally vouch his home for the car. MEANWHILE, if Joe Q. Public with a small business wants a new car in his small company, the standards are that Joe Q. Public has to put up his house to guarantee the car loan, even if it is for his company just like Microsoft would do. Its Quid Pro Quo every day for the little guy and the playing field is not LEVEL. So many laws, so may rules, so much crap and political garbage to get through that that starting a business today in the garage like Gates did is not even possible anymore, or if it is yer daddy better know someone.

Commento:

Moving SL to BE

Trade attivo:

Remaining short SL at Break Even now

Commento:

Sold the top

Commento:

Selling more on the little correction here

Trade chiuso: stop raggiunto:

BE trade and price not acting as anticipated