Eclectic

Instead I am long the Dec Euro FX here @ 1.39020.
Initial stop is 1.37700

 

Good to see you posting here again - hope to hear from you more frequently from now on.

 

09-11-08 03:45 PM

Instead I am long the Dec Euro FX here @ 1.39020.
Initial stop is 1.37700
Stop raised to 1.41230

 

Stopped out for 220 pip profit.

 

I am not fully convinced yet of a long term dollar rally. Thus, I will llok to get long the Euro FX again sometime in the future.

No doubt though that the long term Euro trend remains down, so I will need to be careful and short when I can until the trend reverses upwards and then get long.

 

Good call again, looking forward what your indicators will say next.

Question: When you bet for or against the Dollar do you prefer the Euro rather than the Yen?

Thanks

 

I prefer the Euro because it diversifies me amongst several countries.

 

We are now in an area that I am watching closely for a possible bounce (1.37800). I am not ready yet to get long again, but I am paying attention here. (Dec Euro FX)

 

Did you get in yet since it went briefly below 1.3780 or are you putting on a limit order now?

Thanks

 

No. I really have not seen the signal that I like just yet.