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pennies2007

03/11/11 11:14 AM

#76497 RE: pennies2007 #76496

And just closed it for another 3.1% daily profit...LOL!

villas

03/11/11 11:55 AM

#76506 RE: pennies2007 #76496

Careful Pennies, Friday! Many will be unloading short positions after a good down week and that can fake the price higher I think

simplegreen

03/11/11 6:21 PM

#76519 RE: pennies2007 #76496

Just now looking at E/U chart for first time in several days..no real surprises tho relative to other USD crosses.I've stayed at arms length with that one due to analyst and market BS involved...the other day it relentlessly runs to 140 plus on news that they will soon raise the rates...then lo and behold the analysts and big hitters now say E/Us gonna drop a lot this year because..(guess why)!..theyre gonna raise the rates(LOL)
Theyre now saying that it might be good for germany but will devestate the economies of the struggling weaker sisters in the EU.
My trading focus today has been on AUD/USD and USD/CHF...A/U BTW hit the target I mentioned of .9980 so it was no big surprise to see it rocket...just a look at a daily chart is all you need...news..or no news.On U/C I patiently waited for a bottom bur scalped it on the way down...as it seemed to find footing at .9270 I played the long side for a few pips here and there but not sure japans Yen repatriation is fully over with..left one small long over the weekend at .9275 to see what happens sunday before official open.
These are wild times now pennies!Hope you and the others did well today!