Don´t we just love days like this and hope all would be like that. Looking at the eurusd dancing slow motion in the 1.37xx area and the eurgbp going into a coma, isn´t really what we needed. But it did change a bit today :-) . Also our dear old faithful sideways nzdusd rose 3 full days in a row for more than 150 pips and only selling it is where we earn the money, makes the heart of a trader beat faster, as they say, the higher you fly the deeper you fall !!. So love it !. Now we previously due to expectations of the eurusd ending this year around 1.2800 decide to limit buy positions to 1.3800. However seeing the developments and scrutinizing all data we have now revised this decision and increased the year end expectations to be more likely around 1.3000 hence we have decided to extend the upper barrier to 1.3860. The rate might approach the 1.4000 level short term, but the mid term and long term expectations remain bearish . Also we are so loaded with cash on our account that we really don´t care where it goes as long as it comes down into our profit zone again :-) . But of course we will still be selling the eurusd above 1.3860 , but might increase the distance, should it go above 1.3900 as then there is pretty much thin air up to the 1.4000 level, where then a lot of bears with baseball bats and Kalashnikovs will be waiting above this level. Anyway today we have 461 happy ( hopefully) members of our Greenzone family, our account now rose to : 1.073.360.64 USd and profits to date are : 155.523.25 USD . And tomorrow we can only hope for surprises in regards to the NFP , whether good or bad for the USD we don´t really give a flying toss as long as it does some rock n roll !!. So see you again tomorrow guys, until then have a smashing time and above all HAVE FUN !!
Posted on: Fri, 07 Mar 2014 01:12:20 +0000
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