Long 1.0425 USD/CHF 
- #173,842
- Dec 17, 2009 6:45pm Dec 17, 2009 6:45pm
this eur/chf move and the whole week..is a drama evolving...lessons to be learned ..
went long minutes ago before my entry...and i was thinking to put a sl but i said nahh ok its the swissy how much can appreciate versus eur now i will put sl later..lol and now 100 pips down lol ..anyway was a small trade so no worries...
Drama about?
- #173,843
- Dec 17, 2009 6:47pm Dec 17, 2009 6:47pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #173,844
- Dec 17, 2009 6:48pm Dec 17, 2009 6:48pm
You are correct about the interventions, but the trend is clear; traders seem to prefer the safety of the franc to the euro, and the recent Greece trouble is going to hurt the euro.
If it gets to 1.48, I'd load up on the pair for a short ride.
Hehe...
I don't really like that pair, because of the limited moves. Even EURGBP is limited in that sense, but since GBP economy is larger, actually a lot larger
than Swiss, EURGBP has a better potential for moves; especially to the downside since EUR is very overvalued compared to GBP, looking at the band both central banks want the pair to be within.
- #173,845
- Dec 17, 2009 6:50pm Dec 17, 2009 6:50pm
It will get there, even +300 down to 1.40. If you are not on margin and have the room for any spikes, you will end in green.
- #173,846
- Dec 17, 2009 6:51pm Dec 17, 2009 6:51pm
Drama about?
- #173,849
- Dec 17, 2009 6:55pm Dec 17, 2009 6:55pm
drama is a greek word and the correct translation is an ACT not the tragedy meaning of the word drama . and we see an act here will end so drasticaly as it started, i was sorting the euro , i can play both sides very easy and dont love trends so much...so drama for the trend lovers this also will be ...
- #173,850
- Dec 17, 2009 6:59pm Dec 17, 2009 6:59pm
One word (actually sentence): Do NOT over leverage
And you will end in green
The loss of money can teach you a practice account is worth it's weight in gold. - #173,851
- Dec 17, 2009 7:02pm Dec 17, 2009 7:02pm
I hear ya, unfortunately I learned the hard way, now I think I'm on the right track, patients and money management are key. Oh and do not buy at resistance and sell at support. As easy as it sounds at first it was hard to figure out
see before minutes bought at support and broken lol
- #173,852
- Dec 17, 2009 7:07pm Dec 17, 2009 7:07pm
- Joined Jul 2009 | Status: Singleness of purpose: profit. | 1,298 Posts
- #173,856
- Dec 17, 2009 7:28pm Dec 17, 2009 7:28pm
- Joined Jul 2009 | Status: Singleness of purpose: profit. | 1,298 Posts
- #173,857
- Dec 17, 2009 7:33pm Dec 17, 2009 7:33pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
At the moment I see what I often see in the Asian session.....indecision. If 4300 gets broken with some power I'll short it, but I'm going to stay out for now.....protecting my profits is my position
Doing what you like is Freedom. Liking what you do is Happiness.
- #173,859
- Dec 17, 2009 7:36pm Dec 17, 2009 7:36pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Waiting to enter another short position, Does anyone think this might only be the early stages of the bear trend here?
Doing what you like is Freedom. Liking what you do is Happiness.
- #173,860
- Dec 17, 2009 7:38pm Dec 17, 2009 7:38pm
- Joined Jul 2009 | Status: Singleness of purpose: profit. | 1,298 Posts