3 Good Set-ups - USDCHF, EURGBP, NZDUSD

Published on Friday March 19th, 2010 at 05:09PM by erib

I have spotted 3 good set-ups for three different pairs.USDCHF:

EURGBP:

NZDUSD:

I will probably take the USDCHF position only, since my money management only allows one open pair at a time (more if the current open pair is risk-free). However, that would have to wait until Monday next week, since trading will close in a couple of hours. I will look for a good entry this coming Monday.Hope everyone got green pips this week (because I did not, but only a couple of pips lost). Happy weekend.
  • 5 comments
  • Go to virgiliolayug's profile

    On Sunday March 21st, 2010 at 12:08PM by virgiliolayug -

    that USDCHF trade looks pretty promising for a day trade. I've actually got a long order at 1.0500 but I'm having doubts if I'll get triggered at that price. Good luck tomorrow.
  • Go to erib's profile

    On Sunday March 21st, 2010 at 11:01PM by erib -

    I canceled the USDCHF trade because the EURUSD seems to be on a free fall. The EURUSD and USDCHF are supposed to be inversely correlated. (However, it seems to break that correlation lately.)Instead, I am looking at one of the ComDolls, the NZDUSD. I adjusted the support to the next lower one, however.Good luck to you, too, Virgilio. :)
  • Go to buruguduy's profile

    On Monday March 22nd, 2010 at 08:55AM by buruguduy -

    A long comdoll trade looks good... I might take that same trade. hough in my humble opinion going long on the AUD would be better than the NZD just because Australia's economic fundamentals are better.
  • Go to erib's profile

    On Monday March 22nd, 2010 at 11:11PM by erib -

    Thanks for the opinion, Ryan. Green pips to you. ;)
  • Go to erib's profile

    On Wednesday March 24th, 2010 at 11:48AM by erib -

    Well, I only got 1 out of 3 correct. USDCHF skyrocketed to the upside, while NZDUSD is consolidating between 0.7000 and 0.7075. I only got EURGBP correct, and is now at 0.8925 as of this writing.

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