Monthly Thread: November 2003

[rezo_s]

Thank you Sergio,

yes, the swissy trade (call I made here yesterday) is at the moment +330 pips, I am considering whether to hold it or set 1.2870 as a target. Will update tomorrow morning.

Best,

Rezo

[fringe-dweller]

Rezo,
New to forex and have been following your recomendations for the last three weeks and have kept the faith that you would come right, congratulations with your swissy reco.

Thanks

[BadRuski]

Good trade, Rezo!

[rezo_s]

Good Morning Everybody,

Still holding the short USDCHF.It occured to be the right decidion not to cancel the tp order at 1.3050 and hold profits to run further, bcos now we are 100 pps below, and I think we are going to see more. There is a good chance to see a break of the year lows, so I will keep this trade for now. I am also holding long on euro and think it is going to break above the 1.20 level.
Anyway, for those who's holding the short USDCHF, I suggest keeping it - maybe to the end of the week, dont know exactly. Stop will be moved by the end of the day to its high to lock some profits. Will post once I do.

fringe-dweller: thank you and good luck! we all need it sometimes

BR: how are you? long time since saw your post. Hope you are OK.

Good Day to all,

Rezo

[BadRuski]

Good morning, Rezo!

I am doing well, thank you!
Trying to stick with my strategy: "filter the noise, trade the news"

I am currently long on GBP/USD and looking to re-enter long EUR/USD once it brakes through 1.2 options/mental barrier.

Good trading!

[rezo_s]

Morning BR,

I am also looking to add long on cable, and am now looking at 1.72 as possible next target (1.7050 was already taken out). Maybe push back to 1.70 will be enough to enter. Will see.

best,

[rezo_s]

Looks like I will be adding another trade - long cable (as I mentioned before). I will post once/if I enter. 2 positions will be entered - one longer term for estimated target at 1.7200/20 and second for the shorter term 30:50 risk:reward.
I say 2 positions but basically it is one position, just that half will be closed at 30 pip stop or 50 pip target and second half is for longer term target and accordingly with wider stop. Shorter term 30:50 trades may be reentered if confirmed even after stopped - just as Euro trade couple days ago. That is the nature of shorter term trades, nothing to do about it.

[4xtraderCY]

Rezo,

It seems your losing streak is ending! Great analysis on that USDCHF trade... That more than made for the losses of last month I would say, right?

Keep up the good work, I'm sure there's a lot of people who read your posts and appreciate your analysis of the markets, even if they don't post. (like me up to now)

Regards from neighbouring Cyprus...