Time for USD to take center stage vs. euro and cable. ShOrts fired anew.
Israel dil 07:21:30 GMT - 01/13/2011
few pips were taken off the table to cover the stop for the still running position, in other words, it's a free trade now :-)
Israel dil 19:42:24 GMT - 01/12/2011
thank you for explaining Jay.
GVI Forex Jay 19:38:00 GMT - 01/12/2011
This a liquidating market today and why you are seeing stops above the day high as shorts get stopped by the order flow. A characteristic of a liquidating market is a new high followed by backing and filling once the order is done.
Israel dil 19:16:47 GMT - 01/12/2011
Caribbean! Rafe... 19:11 GMT
luckily I knew that before taking the trade :-)
Caribbean! Rafe... 19:11:29 GMT - 01/12/2011
Dil// UBS clients don't trade on more than 2 leverage because they trade in billions. Additionally one thing to note is that a .05 cent swing against their position does not cause them any worries because they are diversified folks, they will simply channel more money into that position and add more to it so that when the euro trend resumes it's original downward direction, the profits of their higher level purchases are probably worth many more times than their original position purchased at a lower price.
It's like when you go shopping and the PA system announces a 1 to 3 special where you buy 1 and get 3 free. Shoppers naturally will buy 3 with their own money to go back home with 3+9 = 1 dozen pieces.
Israel dil 18:48:04 GMT - 01/12/2011
by the way, all sell orders filled, is it now all for patience or I planned it all wrong?
Israel dil 17:49:22 GMT - 01/12/2011
few orders filled and two didn't, average is above 1.31 and I really hope to find the patience to hold the position. UBS clients will get their chance to bail out at least at cost :-)
Israel dil 15:28:29 GMT - 01/12/2011
Entry: 1.3076/1.3126 Target: open Stop: 1.3160
hope that stop is enough to let this trade to run into Friday.
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