AUDSGD Long @ 1.0020 TP @ 1.0075 /SL@0.995



Had a price alert for AUDSGD @ 1.002. After the China PMI data realease, AUDSGD plunge and broke parity. If you look at minutes chart, you will first see a rebound from parity before plunging further. After the rebound from parity, i thought this is the time to entered and entered @ 1.0020. Very bad prices as i had close to a 50 pips draw down. Scary shit.. Not gonna do this kind of scalping anymore. Hopefully I will come out unharmed.

Comments

Post a Comment

Popular posts from this blog

USD / Gold / Alibaba / FX Options

Image
Gold 1) We witnessed the break of the $1,200/oz psychological support for Gold last week as price action accelerated on the downwards momentum after the psychological break. 2)Gold looks poise to record yet another monthly loss, matching the milestone in 1996 when the yellow precious slumped for a record of 5 consecutive months as well, though degree of drop was different. 3)Gold investors has been struggling tremendously on the back of the rallying USD as status of safe haven currency/asset is being questioned during this period of heighten tension of geopolitical risk. 4) Non-commercial COT positioning also hit extreme bearishness, going into negative territory for the first time in  17 years  [ see chart below] (Bloomberg) China Tech/ Alibaba 1)Last week we saw some of the China tech names exhibiting some form of rebound after dismal earnings from Tencent in mid-last week dragged Chitech space even lower initially. Stocks like Baidu and Alibaba traded ...
Read more