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R/USD

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sponono
Super Contributor
break through R11 would see an aggressive weakening of the Rand. Been shorting every rally http://www.chartupload.com/images/85697984460480075679.png
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7 REPLIES 7
Preston
Super Contributor
Spo no no no, so you have been shortening the base currency and you are long on the pricing currency? mmmh interesting
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Rams
Super Contributor
Ya, short the ZAR and long the USD......it traded under currency futures.
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sponono
Super Contributor
Pre-stonE not short yet, waiting for close above R11: "its the waiting not the thinking"
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Preston
Super Contributor
so you have been shortening the base currency and you are long on the pricing currency?
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EkisDoep
Frequent Contributor
@sponono - where did you enter? I have bought 3 x lots of contracts while the rand was strengthening and am now waiting for it to get weaker.
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sponono
Super Contributor
10.77 will enter some more above 11.00
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EkisDoep
Frequent Contributor
The last lot I bought was also at R10.77. But this morning the Rand is stronger again. It is so volatile!
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