Weekly Thread: Oct. 12 - 17

Discussion in 'Forex' started by rezo_s, Oct 12, 2003.

  1. rezo_s

    rezo_s

    Stopped on cable, loss of -3.28%,

    MTD: - 4.16%

    Looking to resell and add euro and swissy shorts as well. Euro looks very week. This push may be the last one. Wil see. First lets wait and look where is this going to.
     
    #31     Oct 16, 2003
  2. rezo_s

    rezo_s

    Well...this seloff back (euro back to 1.1630 form 1.17) proves that we most probably are on the way to deeper move down.
    Unfortunatly I couldnt enter as I wanted because of the agressive seloff. I dont like jumping in like that.
    If there will be push back (still possible), I will reconsider entering. It looks good.
     
    #32     Oct 16, 2003
  3. rezo_s

    rezo_s

    Hello Everyone,

    Friday may give (and may not) good opportunities to enter some positions. Here are currency pairs I have my eye on:

    short eurusd for (target) 1.1450 - 1.1435

    long usdchf for 1.3560

    short gbpusd (still after yesterday close below new highs) for 1.6495, and if we are in some that correction (very possible), then even for as low as 1.6170

    long usdjpy for 112.10/50 - gap area (but first we need to break 110.20 for that)

    short eurjpy for 125.50

    short eurgbp for 6875 and 6760/80 as second possible target

    Will see how things go. As usual, I will pick up maximum 3 of these trades. I prefer 2 majors and one cross pair.

    Good Luck,

    Rezo
     
    #33     Oct 17, 2003
  4. rezo_s

    rezo_s

    What I meant was "if we are in something more than correction, then...
     
    #34     Oct 17, 2003
  5. rezo_s

    rezo_s

    No entry yet, will wait for next week opening for possible trade opportunities.

    Have good weekend everyone,

    Rezo
     
    #35     Oct 17, 2003