Boris and Kathy's FX Blog www.bktraderfx.com
11/28/2006
Today's Email Alerts:
Alert # 2 Stopped out of USD/CHF
We got stopped out of the USD/CHF long trade for 30 pips. It came 4 pips shy of our T1 but unfortunately did not have the momentum to extend much further. We've hit 3 losers, but thankfully our losses have been controlled and we are still up 120 pips since the beginning of the month and 327 pips for the past 2 months.
Alert # 1 Long USD/CHF
Existing Home Sales have printed better than expected suggesting that Us housing may be stabilizing. After days getting pounded the US dollar is due for a bounce. We think the market may use this positive news to rally the greenback so we are going long USD/CHF (Currently 1.2070) Stop 1.2040 T 1 1.2098 T2 is 1.2147
We are using USD/CHF because its conforms to our 7 day ( in this case 8 day) fade strategy from our book.
Alert # 2 Stopped out of USD/CHF
We got stopped out of the USD/CHF long trade for 30 pips. It came 4 pips shy of our T1 but unfortunately did not have the momentum to extend much further. We've hit 3 losers, but thankfully our losses have been controlled and we are still up 120 pips since the beginning of the month and 327 pips for the past 2 months.
Alert # 1 Long USD/CHF
Existing Home Sales have printed better than expected suggesting that Us housing may be stabilizing. After days getting pounded the US dollar is due for a bounce. We think the market may use this positive news to rally the greenback so we are going long USD/CHF (Currently 1.2070) Stop 1.2040 T 1 1.2098 T2 is 1.2147
We are using USD/CHF because its conforms to our 7 day ( in this case 8 day) fade strategy from our book.
posted by BKTrader # 11/28/2006 06:01:00 PM 
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