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I'm not too worried about the market. Its the old "hip pocket nerve" which gets all my attention. In my mind, its a good thing for the RBA to keep raising rates. I like the idea of being able to take some of the risk out of the futures market and putting it back into term deposits.As far as AUD / USD goes, I have a short futures position in M6A (AUD - from 0.6883), which was added to last night. Its all systematic, a combination of moving averages, breakout and carry. I don't target an exit price, just hold the position until the system is ready to reverse. Its only numbers, so no pretty charts to look at, but, as I said a few days ago, I'm comfortable being short AUD.KH
I'm not too worried about the market. Its the old "hip pocket nerve" which gets all my attention. In my mind, its a good thing for the RBA to keep raising rates. I like the idea of being able to take some of the risk out of the futures market and putting it back into term deposits.
As far as AUD / USD goes, I have a short futures position in M6A (AUD - from 0.6883), which was added to last night. Its all systematic, a combination of moving averages, breakout and carry. I don't target an exit price, just hold the position until the system is ready to reverse. Its only numbers, so no pretty charts to look at, but, as I said a few days ago, I'm comfortable being short AUD.
KH
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