Rock and Roll come one. make us Happy
- #3,543
- Mar 13, 2012 2:52pm Mar 13, 2012 2:52pm
- | Joined Feb 2012 | Status: "May the odds be ever against you" | 457 Posts
I am fairly certain this is a temporary spike ,and will only last as long as the USD keeps riding the FOMC wave, the U/C pair has climbed about 60 pips and is the primary reason why there is movement in the E/C pair. Its all a matter of just how high the dollar can go now.For my sake I hope it keeps going as I have gone heavy on shorting Gold , but I expect this movement to be limited .I am out of E/C but if I were to enter I would wait for 120.50 to go long.
There is unfolding happening by big banks so these level can be taken off soon.
Also some traders with big positions may be closing positions to book profit
I see gold going down so you will make good
You can enter again in EUR/CHF . This ship started now and there is one stop UP and UP
There is unfolding happening by big banks so these level can be taken off soon.
Also some traders with big positions may be closing positions to book profit
I see gold going down so you will make good
. I have closed some of my Gold positions and have set up buy orders at 120.60 and 120.50 ,but if it does not retrace to those values , I will look to enter with smaller position at current price.
Officer ... I swear to drunk I am not God
- #3,548
- Mar 14, 2012 1:27am Mar 14, 2012 1:27am
Looks pretty constructive, everything is up against the CHF today. Lets see if some of those Francs become Euros again today.
I bought AUD/CHF this morning for the carry so I've got two reasons to root against the CHF now.
