Thursday 6 May 2010

Short USD CHF...again!


12.46............update time for a bounce before the US comes in and we go lower? ( see Ensign ML & inds). I have taken profit/ 1 lot of 3























Short USD again....see the long term UMLP of several different and assorted Mod Schiff forks/ML's and price has currently retraced 23.6% Fib of the recent vertical move since the 1.0730 area on May 3rd. Postion taken at 8am London time (9am CET). Partial profits to be taken at 1.1085
Entry level enginered at the UMLP using multiple stochs and Bollinger bands on multiple low time frames and also a retouch of the UMLP(aqua blue)

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