Here’s a nice risk/reward ratio
By Jamie Coleman || July 9, 2009 at 17:11 GMT
|| 8 comments || Add comment
A US money-center bank (with a very close relationship with the US government) recommends a short EUR/USD position around present levels with a stop above the 1.4210 level. Target: 1.3320. Be forewarned: these guys have been cold as ice…

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Cold as in ruthless or cold as in way off the mark?
Well I went for the second option.
Blimey, I’m out for a couple of hours and cable does a couple of hundred!
How’s the new hair do?
Good job I wasn’t here or I might have been tearing it out
Cold as in losing money consistently
Brrrr! You’d think they’d issue a buy then just to be right for a change. I still don’t understand what you meant by mentioning their close relationship with the US government. I mean, I have close relationships with people and their fortunes don’t seem rub off on me.
Lilac: It would have saved you a bob or two though …
owned by the US government may be more accurate
So what you are effectively saying is the US govenment is crap at trading. Does anyone know where I can apply for a green card?