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Hi there
This is Felix. On September 5th, 2007, I sent you a video with longer term trading strategy. Here was the link:
]
At that time, AUD/USD was at 0.8220, and NZD/USD was at 0.6880. I told you that I thought it was a good idea to go long on both pairs, because I felt that AUD/USD will reach 0.9000, and NZD/USD will reach 0.8000.
Well, on Friday AUD/USD reached 0.9000, and NZD/USD reached 0.7670.
On Sunday night, AUD/USD should open at around 0.8980, and NZD/USD should open at around 0.7610.
Considering that AUD/USD has gained around 9.5%, or 760 pips, and NZD/USD gained 10.5%, or 730 pips, I don't think it's necessary to hold it any longer. If you bought a 6 months CD, like I suggested, you can close it, and let your bank penalize your interest. You should've made more than enough on currency appreciation in 1 month, than most people hope to make in interest in 2 years.
If I feel inspired to share with you any other longer terms trading strategies in the future, I will let you know. But for now, consider the AUD/USD and NZD/USD strategy as complete, and consider this post as official exit.
Thanks
-Felix
This is Felix. On September 5th, 2007, I sent you a video with longer term trading strategy. Here was the link:
]
At that time, AUD/USD was at 0.8220, and NZD/USD was at 0.6880. I told you that I thought it was a good idea to go long on both pairs, because I felt that AUD/USD will reach 0.9000, and NZD/USD will reach 0.8000.
Well, on Friday AUD/USD reached 0.9000, and NZD/USD reached 0.7670.
On Sunday night, AUD/USD should open at around 0.8980, and NZD/USD should open at around 0.7610.
Considering that AUD/USD has gained around 9.5%, or 760 pips, and NZD/USD gained 10.5%, or 730 pips, I don't think it's necessary to hold it any longer. If you bought a 6 months CD, like I suggested, you can close it, and let your bank penalize your interest. You should've made more than enough on currency appreciation in 1 month, than most people hope to make in interest in 2 years.
If I feel inspired to share with you any other longer terms trading strategies in the future, I will let you know. But for now, consider the AUD/USD and NZD/USD strategy as complete, and consider this post as official exit.
Thanks
-Felix
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