Dear Forex Traders,
I just need some technical/fundamental advice on the current state of AUDNZD... Do you see it hitting 1.30 anytime soon? What's your thoughts...
I range trade currently and did a stupid 1.0 trade impulsively and now very nervous!
Account Balance: $27k + $10k being processed on Monday... Balance will then be $37k
2 x 1.0 MONSTER trades....
AUDNZD 1.0 CURRENT LOSS: $668.68
EURCHF 1.0 CURRENT LOSS: $27.87
LIVE STATS HERE: cashnet.mt4live.com
I close the EURCHF definetly on Monday for a loss of hopefully under $100.
ANY SUGGESTIONS OF ANY OTHER TRADES I SHOULD CLOSE OR LEAVE OPEN? HEDGE OR NOT? (Purely as a trading exercise)
Now, about the AUDNZD trade... I really do not know what I want to do. Is it possible the AUDNZD will reach 1.30? Crystal ball?
In March this year it hit 1.29 and took approx 7 weeks to drop back down.
Julian, are you really sure about this "false" economic data? I really do hope so...
I will also not play with the magic numbers.
Anyone know where I can use a forex calculator that can advise me of how much margin I will need for the 1.0 AUDNZD trade if it does hit 1.30. I need a simple one as i'm not very good at maths.
Once again... Thanks for your support I'm sorry to have burdened you with this.