Bobby, precisely why I chose the pairs i did. Both of us are green. Nice, nice job. Thinking 10yr yield will hit 42 and perhaps 42.50 again in time.
Oh my, I am blushing like 16 year old on a first date 😀 But being me, have to add : guys stop selling it…we’ll slide on your stops till eternity 😀 One Bear is telling you…
Since it is quiet at the moment, a side note – a tactical decision from experience I hope no one ever has to see filled-    Since 911    I have always had a trailing sell stop in UsdChf at the 55 mark in whatever 100 point range the pair is in while the value is above it. For example, the value at present is 0.8787, and so I have a trailing sell stop at 0.8555. Usd/Chf would sell dramatically as Chf is an event safe haven currency. I was on the phone with a foreign exchange trader who was in the twin towers when it happened. He made it out and saved a boy in the process. It is a defense position should a terror attack or other catastrophic event occur. Purely tactical. Geopolitical conditions have been ripe for such events for a while, especially lately. We simply never know and it remains an ongoing risk.
The sell side of AudUsd in the 6638 to 6648 area look appealing to test if seen. When using limit orders sell near the high of the 10pt range and when buying buy near the low part of the 10 pt range. Using buy and sell stops entering at the half mark (5) is best when cleared in my opinion.
Though Usd has been offered overall I believe it is a good day to position on the buy side from lower levels and be patient. Around Dxy 103 area if seen.
novice, novice level, skill
aka zooplankton, krill, sprats, sardines, whales = part of food chain
–
“skill” is partly acquired by formal education, specialized education AND from the School of Hard Knocks.
psst … little secret: the more it hurts the better the lesson is learned.
I like cad/chf higher for the same reasons i liked aud/chf higher-> chf the weakest link and no usd exposure. aud/chf having gotten started already cad/chf is maybe ready to go soon. Look for a base in eur/chf .9540 -.9560 to key timing.
Quick note for those here who are still at novice level. Some of us here in this forum have been at this for over 20 years. It is sound thought to pay attention to the commenters here even when they are making jokes. There is much skill here.
Author
Posts
Viewing 20 posts - 11,281 through 11,300 (of 12,303 total)
