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FA is not my cup of tea, yet must be mentioned that CHF is backed by Swiss gold reserves, unlike USD etc.

What do you mean by saying "the big one"? Expecting 200 as you hinted before?

Oops! http://www.iht.com/articles/2009/01/09/business/09ubs.php

I guess what I was trying to say was that the way reversals shape up is a pretty random event, meaning it may take 3 bars or it may take 30 bars. It is more important to be able to see an overall picture of a brewing reversal, be it 1 bar or 100 bars :) One of the trades that stuck in my mind...

Looks too sophisticated, does it not?

Great trade!

Scaled out 2/3 +3 at support, a bit of a lucky strike as price came in within 10c of the stop. Keeping stop on 1/3 at $1.5

Sold with $1.5 stop Price at upper TL of bearish channel (hourly chart), similar formation as on 7th Jan - triple top on lower histo.

Are there still trading desks in London? :)

Closed trade for an insignificant gain <img src=http://www.dkimages.com/discover/previews/774/119474.JPG>

Re-shorted same level with $2.5 stop

Shorted current support with $1.5 stop Stop to b/e stopped

I decided to cover 1/3 for +40 with change. I don't like that support is being continuously tested, but fails to break level & 4 hour chart showing possible basing. Basically locked in gains & will try to re-short at support break

We have now closed the gap back from DEC08 in USD, just an observation ImPO if USD breaks down here continueing current downtrend, then Gold stands a chance of breaking out of the longer term bear channel, I look at histogram and Gold weekly chart's pattern certainly is bullish, so if USD...

USD @ apex <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2251041>

Bingo! No point trying to be right in analyses if charts don't support our point of view. I see a lot of posts on ET that involve personal or borrowed fundamentalish outlooks that reflect on a person's decision to make a trade. That is the way to invest, not trade ImPO. Trading involves a...

Please vote :) P.S. Personally, I wouldn't want to be part of a group that thinks I am some sort of a joke.

Frankly & personally speaking, I don't trust JPM's info for the masses, I'd rather just follow a chart & track (f)actual news events.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2250277>

According to hourly chart support will not hold here or should I say has a limited chance of holding level