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Took profit both lots, 150 pips at 1.2640. Hard to know where its going know.

10.86 hit today. Mexicos national bank sells 22 million USD daily, starting august the national Bank will be sellimg 47 million daily. Just giving more facts. By the way, we may see some very complicated political issues after the election jury decides if the election was fare or not...

this pair looks like its prepairing for a big run down (CAD favor), the problem is when. It wants to go down so bad!!!!Dont you agree Kastro, Ivan?

took profit from first lot at 1.2590 leaving the other ride till 1.28 take profit moved up to 1.2520.

I did. And still long target of firt lot 1.26, target of second lot 1.28. My stop loss was 4 pips away from the bottom, was a close one.

Nice call

The bigger the rate, more the risk, thats is a fact world wide in any paper. Substract the rate to the inflation and the dollar is one of the worst intruments to be on. From november 2005 to today the FED has only hike the rates and the dollar went from 1.16 to 1.29. For me a hike rate...

Took my rest out at 10.90. 100% out, and waiting for another spike up to go short again.

I went long euro also at 1.2493 stop 10 pips under the 1.2475 point. Im doind this only because this movement down doesnt make sense. Good Luck to me.

Everything is telling me to short Dollar. Why the hell are we moving down.

I agree, I think the dollar is a bomb ready to go off. And the Asian countrys may be getting tired of holding the dollar for the US.

If you trading intraday it doesnt matter. I dont live from forex. I do more long to medium term forex when I see an opportunity, so for me getting interests in my side is important. I do some daily once in a while but thats it. An example of playing interest your side, was last year before...

In what post did I said to only trade interest in your favor? In this pair I see it as a plus, but only that. What im saying to this guy is that fundamentals are 100% against him.

Ohh and I forgot: 1) Mexico dollar reserves are getting very big and we just pre-paid external debt. 2) Mexico´s rate is still 2 points better than the US rates. 3) Principal index is still like 7 times earnings (cheap) in the US they have 20 times earnings aprox. More dollars...

Sorry but short is the way you losing value and paying interest. Today took profit from my short at 11.05 at 10.98. Looking to reach 11.04 - 11.06 that we should reach because of the political news we going to see this week and going short again. Oil, gold, copper, silver, BIG Commercial...

GOOD LUCK, using those pretty graphs. Technical analisis is not a good idea in this pair right now becasue of the political issues. Fundamentals is moving this pair in the near term.

Another chance to short the USD/MXN at this levels 11.00 - 11.05 and hold till monday - tuesday of next week. Taxes are payed friday and monday and alot of corporates are going to sell their dollars to pay. Most of them have their cash in USD because of the past elections. Looking for 10.90...

Agree shorting at 1.2775 stop 1.2785------ target 1.2720

I proclaim myself as the king of the peso and bad grammar. Hope you guys took advice again. :)

Update: President conservative Calderon won the election wich is very good for the peso, the peso rallied from 11.50 to 11.04 in 2 days. But the leftist is making alot of mess because he thinks he was cheated and wants a vote recount wich is happening from today till friday. Calderon is still...