Covered at 1.3443 for a 57% profit. My two earlier losses were very minor compared to this gain. Thank you Mr. Bernanke.:)
Long USD/JPY at 96.10.
Contemplating long EUR/USD.
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USD/JPY Target is 97, but I'm not too confident about this one. Might have to pull the plug quick and eat a small loss.
Attachment 42
Bought more FAZ at 26.71.:wacko:
I couldn't possibly calculate the risk/reward ratio. :huh:
If you're wrong oh well, but if you're right it will pay off bigtime...
We're overbought. Risk is to the downside. Geithner's lastest plan is an act of treason. It's the theft of tax payer money. It does nothing for the economy. While some investors, hedge funds, or former Countrywide Execs might get rich from this plan, job losses will continue. The consumer is still deep in debt.
We need a tax revolt.
If FAZ gets back to 36-37, I'll break even.
EUR/USD is looking tempting for a short. Again, this will a very quick trade. This game has been profitable for me, unlike FAZ.
Attachment 70
SPX gap fill at 826? Why not? Lets just get it over with today.
Bought more FAZ at 19.28. Seems like a good year.:bigsmile: