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Old 11-15-2008, 12:50 AM
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Kenny Rogers Kenny Rogers is offline
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It's Friday, and all quiet on the Western Front.

Getting some downtime this weekend to get my demo testing back in order. I'm going to take down all of my FXDD demo accounts because I'm not really happy with their (broker's demo server) performance.

Probably not going to trade again until next Wednesday at the earliest. Hoping to sit back until I can get in on a big trend to ride on.

On the Euro, we are sitting right on the consolidation base at low 1.2's as was seen in 2006. The Pound is taking a cliff dive off the face of the Earth, I have no idea where it is going. The Swissie is going to hit heavy resistance at 1.20 formed back in 2006/2007. This seems like the most tradeable and safe bet to go with at the moment (selling the 1.20 resistance). I don't even bother with Yen right now, that carry trade unwinding has a mind of its own. The divergence between the Euro and Pound is intriguing, it's the reason why my demo EURGBP trades are doing so good. I have no idea why the dramatic discrepancy in price action, but eventually, I know Pound will need to gain against the Euro because of their proximity and economy. And how do I capitalize on that? That's the $$$ question.
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Last edited by Kenny Rogers; 11-15-2008 at 12:58 AM.
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