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November 2003
- Thread starter rezo_s
- Start date
Boomer, I suggest you to go to www.moneytec.com - largest online forex forum/community. You can find enough reading material for a year on that website. Many new to forex are very pleased with what they find there.
I am there all the time, and I learn/find out new things or hear news / events all the time. Sometimes there are very interesting and useful discussions going on as well. . . so see you there.
Good Luck!
I am there all the time, and I learn/find out new things or hear news / events all the time. Sometimes there are very interesting and useful discussions going on as well. . . so see you there.
Good Luck!
Good Morning Everybody,
Still holding the short USDCHF.It occured to be the right decidion not to cancel the tp order at 1.3050 and hold profits to run further, bcos now we are 100 pps below, and I think we are going to see more. There is a good chance to see a break of the year lows, so I will keep this trade for now. I am also holding long on euro and think it is going to break above the 1.20 level.
Anyway, for those who's holding the short USDCHF, I suggest keeping it - maybe to the end of the week, dont know exactly. Stop will be moved by the end of the day to its high to lock some profits. Will post once I do.
Regards,
Rezo
Still holding the short USDCHF.It occured to be the right decidion not to cancel the tp order at 1.3050 and hold profits to run further, bcos now we are 100 pps below, and I think we are going to see more. There is a good chance to see a break of the year lows, so I will keep this trade for now. I am also holding long on euro and think it is going to break above the 1.20 level.
Anyway, for those who's holding the short USDCHF, I suggest keeping it - maybe to the end of the week, dont know exactly. Stop will be moved by the end of the day to its high to lock some profits. Will post once I do.
Regards,
Rezo
Looks like I will be adding another trade - long cable (as I mentioned before). I will post once/if I enter. 2 positions will be entered - one longer term for estimated target at 1.7200/20 and second for the shorter term 30:50 risk:reward.
I say 2 positions but basically it is one position, just that half will be closed at 30 pip stop or 50 pip target and second half is for longer term target and accordingly with wider stop. Shorter term 30:50 trades may be reentered if confirmed even after stopped - just as Euro trade couple days ago. That is the nature of shorter term trades, nothing to do about it.
I say 2 positions but basically it is one position, just that half will be closed at 30 pip stop or 50 pip target and second half is for longer term target and accordingly with wider stop. Shorter term 30:50 trades may be reentered if confirmed even after stopped - just as Euro trade couple days ago. That is the nature of shorter term trades, nothing to do about it.