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I did not know that after so many posts it would allow one to place attachments. As in the past, I will try to maximize the use of that visual feature, in an attempt to dilute any confusion.
I guess that it is worth noting a key fact. I have seen a lot of poverty ( no comparison to US low income) and I do use the FX markets to try make a difference. As you will note, I enjoy plenty of sun in the andalucian coast of Spain, right across from Africa.
I started participating in these fx contests this year, because I wanted to place emphasis on a project i started in Peru, where we take 10% of earnings and use it to feed, medicate and school children that have no means or chance for anything other than to beg on the streets. So, these contests have had a purpose, which is to show the people of this nation that it doesn't take a lot of money to have meaningful results,in this market.
stop loss on eurusd ( 1.4820 ) has been placed @ 1.4870. lock in some pips
8 minutes ago from web
buy limit eurusd 1.4820, 1.4767
20 minutes ago from web
made an attempt to go long eurusd , again, but price rejected the 1.4900 level and is poised to hit stop ( 1.4870 ) , currently 1.4783
NFP strategy: EUR/USD: long put , 1 wk option, strike 1.4850. buy limit 1.4820, buy stop 1.4911. no stoploss, target 1.5167 .
premium on put is .0084 ( 84 pips) which is a close to half the pips we made on this pair the last 3 days.we are concerned about the fact that the euro could not rally above 1.4900 and that the dollar is too close to parity w/ chf.
I thought that the bounce from our target of 1.4628, which was followed by on of the largest candles in some 40 days would have been complemented by the fact that the dow and gold are rallying.
We have managed to stay within the latest range for this pair ( 1.4820- 1.4911) , which is not what I had in mind. So, unless the dow closes above 10k or GBPUSD clears the 1.6600, I do not see how the dollar will break 1.0100 (USDCHF), which is what is lacking for this euro pair to continue it's appreciation.
Still long eurusd, although we have tried to take advantage of dollar rallies to gain some ground on the option premium, which is currently 9 pips. Expiry is friday and as it goes, so far, we have lost some 75 pips on the option premium , but have made a bit over 200 on long spot position.