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Post# of 42555
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Re: layton post# 27479

Tuesday, 12/09/2008 10:15:39 AM

Tuesday, December 09, 2008 10:15:39 AM

Post# of 42555
I been focusin on e/j the last few weeks....

but not cuz I'm lookin ta hang in there all too long....quite to the contrary....the sucker is sooo volitile that my strat is to look for a quick scalp (& usually it's very quick w/this pr...a few mins in most cases) then cover some & set the rest to b/e. & I usually find that I'm holdin the that 2nd lot for not much more than another 20-30 mins....usually given it all back & thus hitten the adjusted sl @ b/e. It's that volitile. If I can grab another 50-75 on that 2nd lot I usually take it....anything more is oudda my league.

As for tryin ta hold long term....been tryin that with us/chf...lookin for several hundred pips there w/a short @ 1.2193 & doubled down again @ 1.2178....have had the 2193 for over a week now....& 2178 I took late Fri. Have been up there as much as 200 per position but I'm tryin ta hold out for at least 350.....hopefully closer to 500. I'm thinken the dolllar is gonna eventually go into the crapper.....have no clue when but sooner or later, the greenback roosters r gonna come home ta roost & most all dollar crosses should do well....especially aud & chf as those 2 economies are among the strongest out there these days.

Nice ta see another fresh face in the mix....welcome aboard Layton...pull up a chair & stay awhile y dontcha.

Cheers!!

"Risk comes from not knowing what you're doing"
Warren Buffet

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