Boris and Kathy's FX Blog www.bktraderfx.com
12/21/2006
Today's Email Alerts:
Alert # 1 Getting Short EUR/CHF
EUR/CHF has made 9 consecutive green candles on the daily chart more than fulfilling our 7 day extension fade setup. We have been very patient to wait for a sign of exhaustion before getting in because EUR/CHF has previously seen exhaustion moves that have lasted for nine days. Such exuberance in the pair naturally leads to a retracement and thats what we want to trade on.
So we want to go short EUR/CHF (Currently 1.6033 ) Stop 1.6060 T1 is 1.6013. Once the first target is reached, move your stop to breakeven, T2 is 1.5987
Alert # 1 Getting Short EUR/CHF
EUR/CHF has made 9 consecutive green candles on the daily chart more than fulfilling our 7 day extension fade setup. We have been very patient to wait for a sign of exhaustion before getting in because EUR/CHF has previously seen exhaustion moves that have lasted for nine days. Such exuberance in the pair naturally leads to a retracement and thats what we want to trade on.
So we want to go short EUR/CHF (Currently 1.6033 ) Stop 1.6060 T1 is 1.6013. Once the first target is reached, move your stop to breakeven, T2 is 1.5987
posted by BKTrader # 12/21/2006 06:12:00 PM 
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