Some of Our Posts from WP

Forex Carry Trade Ideas #1

Hi everyone,
We are currently looking to go long a number of JPY denominated pairs, now that its been revealed that the meltdown is starting to hit Japan also.
AUD/JPY
We are buyers here but with a stop @ 81.00 that's 425 pips away from where we are now, so buy only a portion of what you budget for. Take a "less than cash" position size ( 100k acct value take position < href="http://forexreality.wordpress.com/2008/09/18/forex-carry-trade-idea-2forex-carry-trade-idea-2">Forex Carry Trade Idea #2


NZD/JPY
FXCM does not offer this pair so we trade it at anther FCM.
We are buyers here also, and again the stop is very wide so take a Small position......... no more than "cash" no margin, (if your account value is $50K take no more than a $50k position, 5 mini lots)
Currently the pair is trading at 71.30 on the ask. The stop level we think should apply is the recent low of 67.22, so a stop at 66.90 is recommended, thats -440 pips so AGAIN small position, less than cash is best.
We are in at 71.30 Stop Loss at 66.90 -440 Position size 33% of cash
Remember you'll be earning Rollover interest which will bring down your basis.


Lehman Brothers............Time to Fail


According to the New York Times and otlher sources, Lehman Brothers Hold Corp. will file for bankruptcy protection sometime tonight in Federal Court in downtown Manhattan. Sec. Of Treasury Paulson has said adamantly that taxpayer money will not be used to save Lehman, this time, if you listen to Paulson, its not too big to fail.
In my opinion the question instead should be; is it [Lehman] "too big to save", especially with Merrill now offering itself to Bank of America, AIG scrambling for cash and Washington Mutual, the biggest thrift in the US, being rumoured to be on the brink of failure, one has to wonder why the Treasury is saving any bullets it has left.................maybe they see a bigger problem on the horizon? While all this is happening, the man than controls the money in the biggest economy in the world, Ben Bernanke is oddly quiet........?