Long CHF Dec @ 7933 Think I can get a little (<1%) bounce in a couple weeks. Don't trade these much. Any thoughts from you guyz?
Oops... This was hanging in there okay, until a few minutes ago. Thanks Fed. Oh well I've been eating too much lately, anyway!
Did I say bounce? I meant..."This one will probably drop much further, so I'd wait a bit." Yeah. That's what I meant. edit: And no, I don't get tired of talking to myself!
I know everybody is very interested on how this trade is going. Well yesterday I had a sell order at 7961. Guess where the high of the day was? Yep, 7960. Now we are back to 7900 and I'm losing my a** again. @#%&er! Cruel cruel market... But we'll give 'er some more time. Don't give up yet!!!
Rationale is just another system I'm trying that looks for oversold (on a nice, usually, well-behaved currency - don't try it on heating oil!), then tries a small scalp. If I'd been smart, and a tiny less greedy, I'd be out now and looking for a new trade. Still, the trade isn't terrible, yet. All I need is one more bounce! <img src="http://charts.futuresource.com/cis/cmeifs?cont=SFZ06&period=D&size=575x300&bartype=BAR&bardensity=LOW&headerbackground=0,64,128&headerforeground=255,255,255&headerdatacolor=255,255,255&studyheaderbackground=0,64,128&random=1488"/>
CHF is comin' back... You guys ought to be propping this thing up for me. Then I'd be out and shut the hell up!