Thread: Back to the well once more...long dollar
View Single Post
  #11  
Old 11-20-2007, 08:33 AM
tippy tippy is offline
Senior Member
  
Join Date: Jun 2005
Posts: 272
Default Re: Back to the well once more...long dollar
Ok, we got the EUR/USD breakout to the upside. Sold my 3 lots for +125 pips each, +375 pips profit total.

Flipped to 3 long dollar lots at 1.4775. Laddering in for a total position of 10 lots.

Looks like an exaggerated move on rumor. Downside looks to be contained around 1.50. At that point, I think we definitely see central bank intervention. Should be a good risk/reward position.
Reply With Quote