Still arguing. | fxmadness.com
Sponsored By :

This blog goes where few traders dare – the exciting world of Forex outside the dollar!

fxmadness.com

September 23rd, 2008 at 10:13 am

Still arguing.

No, not me. I hate arguments, and simply disengage and do my thing anyways. The congress and treasury people. This bail out, everybody is talking about, our esteemed legislative body is making a Turkish bazaar over it. And good, I hope they reject it, instead of assuming another mountain of debt. At any rate, they will do what they may, and I’m just wasting my time even thinking about it. I’d better concentrate on trading.
Trade I posted here in last post worked out as intended, albeit with some jitters. Yesterday I bought GBP-CHF at 1.9980, objective was 2.0120.
gbp-chf-1.jpg

I just closed it about half an hour ago for a gain of 140 pips. Trade lasted almost exactly 24 hours. If you recall, previous few weeks I concentrated on GBP-JPY. I will return to it in due time. On Friday I mentioned possibly having ne best friend this week (currency pair to trade). I wanted to focus on AUD crosses, with an expectation of Aussie getting stronger. So far my new friend is not really friendly to me, but I want to try something here. Yes, this is AUD but in different role.

eur-aud.jpg

Looking at EUR-AUD seems to me Aussie is going to weaken some more. I placed a buy order at 1.7675 and a target of 1.7800-1.7820. After that, I think, Australian dollar will get stronger.
In the latest update, our politicians are haggling over the price of bankrupt companies…..

Mike K.

image211.gif

 

RSS feed for comments on this post | TrackBack URI









<


By TwitterButtons.net

View information on setting up FX trading accounts - Installing
Metatrader platforms MT4 mobile (windows) and Demo MT5 is straight forward
following Alpari's user guides.

Benzinga.com supporter
Are you a CEO and own
a business? Make sure you
get yourself a Direct Line
 for Business insurance
quote
.
Citi IPB, a subsidiary of the Citi Group offers unrivalled Offshore Banking services to customers across the globe. Including financial planning and access to deposits internationally.
  • Recent Posts

  • Categories

  • Archives

  • Blogroll

  • Forex trading signals Simple, easy to follow mechanical trading system. Free trial. spectrumforex.com

    • BlogRankers.com


      Finance Blogs


      TopOfBlogs


      Exotic currencies,


      blog directory


      Finance blogs


      Finance


      pfblogs.org logo