forex

bahman
16 Mar '09

Eur/CHF (swiss franc). This is an opportunity to short this pair. The price has moved up to meet the dailly 200MA, the trend is down, therefore should be an easy play.
But - DYOR.

Monaco
16 Mar '09

Bahman, It is around 1.54 right now, what range are you targetting? (For example, I shorted EUR/GBP from .93 to .91 last week.)

Monaco
16 Mar '09

Oh well, I had a look at the chart and opened a short at 1.5398 with a (probably rather conservative) limit of 1.53. Thanks for the alert.

bahman
16 Mar '09

Monaco, I'm in at 1.5418 and target price of 1.4663. Stop loss at 1.56.
reward to risk ratio 4:1.
Hopefully should bag a good result here.
I think forex outside of fundamentals (interest rate cut/increases, inflation figs etc) are best play, but you have to wait awhile for the right set-up.
GL

bahman
16 Mar '09

may take a week or more for my intended result, but well worth holding out, I think.

bahman
17 Mar '09

i think euro/ dollar is throwing up a buy signal on hourly chart, but not sure. would be interested to know what others think? current 1.2966

bahman
17 Mar '09

hmmm. just looked at daily chart Eur/USD, and (if there is a flase break out tomorrow) shows a better position for a short.
add this to watchlist

bahman
18 Mar '09

EUR/USD - short confirmed. I have entered this trade at 1.3029 for a 2:1 risk reward. The short was confirmed after the resistence at the 1.3060 range. Hopefully should pay off.
Interesting to see what others think

bahman
18 Mar '09

ah well, win some lose some. Eur/USD stop loss kicked in almost immediately. Fortunately tight stop loss.
EUR/CHF fortunately still going strong

bahman
18 Mar '09

I don't know if anyone took EUR/CHF, very profitable trade. I'm still in.

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