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Here’s a nice risk/reward ratio

By   || 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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8 Responses to “Here’s a nice risk/reward ratio”

  1. Blackday on July 9th, 2009 17:26 GMT

    Cold as in ruthless or cold as in way off the mark?

  2. lilac on July 9th, 2009 17:47 GMT

    Well I went for the second option.

    Blimey, I’m out for a couple of hours and cable does a couple of hundred!

  3. Blackday on July 9th, 2009 17:56 GMT

    How’s the new hair do?

  4. lilac on July 9th, 2009 18:05 GMT

    Good job I wasn’t here or I might have been tearing it out :P

  5. Jamie Coleman on July 9th, 2009 18:09 GMT

    Cold as in losing money consistently

  6. Blackday on July 9th, 2009 18:23 GMT

    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 …

  7. Jamie Coleman on July 9th, 2009 18:30 GMT

    owned by the US government may be more accurate

  8. Blackday on July 9th, 2009 18:36 GMT

    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?

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