Edit (at the bottom): Nettles 'n Sherri....
Nettles - I think it's pretty safe ta say Det will get theirs...I wont get into how I feel about it.....except for in short....if they do indeed get it...I think at least the weakest of the 3 should merge w/the 2nd weakest & the remaining 2 should provide a revised biz plan that makes sense.
W/re to the Beast...I did jus close out that 2nd lot @ 137.45....chickened out I guess....especially since I dont wanna be holdin it too long & considering how much its' ran this AM I'm now thinken it'll be retracin for awhile to the south....so I bailed on it. Another reason I did is b/c I wanted to go short e/j....considering the run to the north there...I'm liken the sort term prospects for a retrace to 121.60...just grabed a short there @ 122.27...got up a fast 30 w/it but now it's trendin back up....play the wait 'n see game now....a 40 pip stop @ 122.67 which I think/hope is safe.
Sherri - indeed....demo w/the beast til ya feel like ya know it like sib.....that's what I've been doin w/the e/j the last 2 mos or so now....love the volitility there & the spread isn't too bad in genl...expecially considering how volitile it typically is. I think I've got a pretty good feel for it now.....still workin w/the Beast tho...truth be known, I decided to play w/it again since there's been some interest shown here. There was a time when I was playin it fairly consistently but then decided to focus more so on a more conservative approach & lost touch w/it. Gotta admit...after gettin back on that wild horse, I feel like it's kinda like riden a bike.
I do like your long u/j here ('cept it is hedgin my e/j thots)if u r still holding....not sure where u r at w/it but I think I'll nibble a bit here @ 91.69...like how it's pretty lined up at the bottom of the channel...albeit the 1 min.....but I am lookin for a very short term play w/it....maybe to 91.90 is all. Shoulda been more patient tho...already down a fast 10 as it hasn't quite gotten to the true bottom of that 1 min channel....which looks to be around 91.50...may add to it if it gets down there. GL w/it.
Edit....& dang if my short usd/chf aint up almost to da tune of 400 now....394 & 380 ;))
"Risk comes from not knowing what you're doing"
Warren Buffet
