Posted by: OBAMA November 13, 2011
its all about trading and investment....
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Tyranny, i think EUR/USD is headed lower. It has consistently failed on 100 day MA on last 10 days. My personal trade looks like this

4 lots of  EUR/USD   avg. short at 1.3752 from last wednesday. Covered 2 lots at 1.3500  . I covered one more lot around 1.3560 seeing bounce up. So, currently in loss for few pips. But i wll be out if it hits 1.3835.  It should fail at today's high by the early hours of european trade. If not, it could hit 1.4000.

You might want to get out of RIMM coz its beaten down and they could squeeze the short ups. Staying short on financials seems good idea to me too.

My curiosity on RIMM is : u watch charts regularly and and u read them preety good. Why didn't u short it when it showed a failure on weekly level 5 weeks back. May be u didnot thought abt shorting RIMM then but catching the big move down or up is always more profitable. Remember all the airline stocks we talked abt in early summer, they showed failure on rallies, great short opportunites all summer. I may not be able to express my ideas clearly for now but Risk/Reward ratio must be considered before putting any trade and anything less than 2/1 should be unacceptable. Simply following this rule makes us traders a lot profitable. What do u say?

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