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Latest updates
Upgrades on current positions as at 22 January 2008
6.SHORT EUR/GBP @ 0.7572
SL @ 0.7672
Moved SL to 0.7570 (Guarantees 2pips if hit SL)
105
9. SHORT EUR/JPY @ 159.75
SL @ 158.75
Moved SL to 158.75 ( Guarantees 100pips if hit SL)
650
10. SHORT GOLD @ 884.55
SL @ 904.55
-100 = -10
12. LONG USD/SGD @ 1.4371
SL @ 1.4231
-35
13. LONG USD/CHF @ 1.0998
SL @ 1.0858
-95
Complete Pips Unrealised = 615
Complete Pips Realised at the month of January = -802
14. Short Gold @ 905.00
Sl @ 915.00
Latest updates
Updates on current positions as at 24 January 2008
6.SHORT EUR/GBP @ 0.7572
SL @ 0.7672
Moved SL to 0.7570 (Guarantees 2pips should struck SL)
93
9. SHORT EUR/JPY @ 159.75
SL @ 158.75
Moved SL to 158.75 ( Guarantees 100pips should struck SL)
315
10. SHORT GOLD @ 884.55
SL @ 904.55
HIT SL and LOST -2000 = -200
12. LONG USD/SGD @ 1.4371
SL @ 1.4231
-88
13. LONG USD/CHF @ 1.0998
SL @ 1.0858
-117
14. Short Gold @ 905.00
Sl @ 915.00
-300 = -30
Complete Pips Unrealised = 173
Complete Pips Realised in the month of January = -1002
Uncle I am sorry to observe your s/l got hit gold, I left you conscious of the rally day b4 yesterday, anyway I hope you will make it up in the following legwish u luck and lots of pips.
RegardsOriginally Posted by ;
Uncle, I want to understand why are you shorting gold ? I mean I am expecting it to break its own earlier high as market is expecting 1more cut by fed at the end of month and gold is going to skyrocket again and if you find the rally from 800 to 914 and back to 850, dont you believe this leg ( I am assuming 3rd)may be more than the initial one? Just studying uncle and I could be totally wrong thats why I need your opinion.
regards
Yea created a mistake. Fortunately my SL kept my losses to bearable level. It was an emotional trade I imagine.
However currently I took a brief as H4 showing bearish formation.
I shall upgrade again tommorrow. A bit tired now.
Uncle its too early to go short with this now as second week we wl have another rate cut and south africa has ceased production of gold because of electrical problem so just be careful of fundamentals because these technical indiors are lagging, it is the fundamentals who principles nevertheless we will see next week when it heads towards 950 ( just curious uncle). Thanks
regards
Latest Upgrades
Upgrades on current positions as at 28 January 2008
6.SHORT EUR/GBP @ 0.7572
SL @ 0.7672
Moved SL into 0.7550 (Guarantees 22pips should struck SL)
145
9. SHORT EUR/JPY @ 159.75
SL @ 158.75
Moved SL into 158.75 ( Guarantees 100pips should struck SL)
280
12. LONG USD/SGD @ 1.4371
SL @ 1.4231
HIT SL and LOST =-140pips
13. LONG USD/CHF @ 1.0998
SL @ 1.0858
HIT SL and LOST -140pips
14. Short Gold @ 905.00
Sl @ 915.00
HIT SL and LOST 1000pips = -100pips
Complete Pips Unrealised = 425
Complete Pips Realised in the month of January = -1382
15. Short E/u @ 1.4721
Sl @ 1.4811
16. Long Usd/chf @ 1.0915
Sl @ 1.0815
Updates on current positions
1. LONG USD/CHF @ 1.1031
SL @ 1.0931
-18pips
2. SHORT EUR/USD @ 1.4800
SL @ 1.4900
22
3. LONG EUR/JPY @ 161.77
SL @ 160.27
-98
4. LONG USD/JPY @ 109.37
SL @ 108.25
-42
5. LONG USD/SGD @ 1.4314
SL @ 1.4214
20
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