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  • #16
    Well done Vijay. If you can still pull in 3-4% per month whilst being cautious then I'm more than ok with the cautious approach.


    Sent from my iPhone using Tapatalk

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    • #17
      Hi Vijay, great trading, how long are you going to trade being cautious?

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      • #18
        Hell yeah that's a bloody great trade. Thank you Vijay.

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        • #19
          Originally posted by Guyverx
          Hi Vijay, great trading, how long are you going to trade being cautious?
          As long as possible :-) we have brexit in June. So I am being very careful. Taking selective trades and with SLs

          Sent from my PE-TL10 using Tapatalk

          Trade the market, not the trader

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          • #20
            Hi, Vijay, Noted, Some great trading last few days.

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            • #21
              Hi Vijay I am glad you have not opened a second GBP AUD yet, this Brexit vote could give us the same problems that the Scottish referendum did and none of would want to experience that again.

              This is latest odds from the bookies in the UK.

              Last edited by fabx; 05-31-2016, 05:02 PM.

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              • #22
                Originally posted by fabx
                Hi Vijay I am glad you have not opened a second GBP AUD yet, this Brexit vote could give us the same problems that the Scottish referendum did and none of would want to experience that again.

                This is latest odds from the bookies in the UK.

                http://prntscr.com/banxto
                Yup .. me too .. though i would have avoided the pair itself for now

                Sent from my SM-G900H using Tapatalk

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                • #23
                  The GBPAUD trade is mainly a AUD weakness trade. GBPAUD has been trending good. I understand the risks involved in the GBP trades. Currently i hold only one trade on GBPAUD and do not open further trades on this currency. We have about 20 days for the brexit poll. There will be ups and downs during this time. We will be able to exit this trade without any issues. Also if in the worst case scenario, i can look at other options of hedging GBPAUD with a GBPUSD trade.

                  Cheers
                  Trade the market, not the trader

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                  • #24
                    Vijay thanks for the update

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                    • #25
                      Thanks for the update Vijay. The main thing is that you're aware the risk of the BREXIT coming this month. I wish we would be flat by then.

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                      • #26
                        Some brokers will change margin requirement on gbp pairs soon.

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                        • #27
                          Crazy moves today, AUD strength...

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                          • #28
                            Vijay could you give us your approach to current situation.

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                            • #29
                              Originally posted by klass
                              Crazy moves today, AUD strength...
                              Was a fat finger trade they say. It happened in low liquidity time of day when eu-uk traders were still half asleep. Pound retraced quite a bit so far. The problem at this moment is AUD strength despite the fact that decision to hold rates was expected.

                              Those three trades are/were actually bets. Bet on brexit/bremain and bet on RBA cut

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                              • #30
                                what is cut off point ST?

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