<<If your long euro then logically you should be short $. >>
I think i need to make you understand simply, my dear brother suppose you are an international investor with 100,000 $'s now you want some of them in Yen some in Euro and some in $'s, now if you put 25000$ in Yen and 25000 $ in Euro and 50,000 in $, now at .85 you decide to convert your assets in $ into euro, now you have equivalent of 75,000$ in euro's but no conter deal to settle, if you sell in the f/x market on a margin you have a deal to close, you sell $'s and buy euro in my case I have converted my assets in euro without any counter part deal to settle, suppose if euro breaks the .85 mark I will still not loose as I have no $'s to purchase, if my reporting currency is in $ I will show a cumulative translation adjustment CTA on my balance sheet, so selling on F/X market is shorting $ for me I am changing the assets I own, at parity I will go back in $ hopefully so my 50,000 euros will be much higher in $'s, no big deal here..
<<Ill take the 99% bet comp. wont rise for a few days!
Long xau @50, long osx, short qqq. >>
I hope for you a great return, short qqq.. I don't short anything I have seen people who have shorted- shot themselves, I play within my means, play long calls, play long stocks, play long puts and in combination that is helpful in crisis.. |
