Good trade for USD/CHF

(take note: genuine trade with a ticket number)
Entry Position at 1.0524
stoploss at 1.0455
always place stops when you have a gaining position so when price moves in your opposite trade, you will still have a winning trade.

1st Exit at 1.0438 - gaining 86 pips





Life is short! Break the rules! Forgive quickly! Kiss slowly! Love truly, Laugh uncontrollably. And never regret anything that made you smile.

USD/CHF

Just getting to know this quiet, not so volatile currency pair USD/CHF, plus the Aussie pairs AUD/USD and AUD/JPY

For intra-day analysis
Price breaks at 1.0588 will have a high probability of a short term bullish
Price breaks below 1.0535 will have a high probability of short term bear
The key in every entry, before entry are: Patience, Momentum and Timing!

In the bigger picture, USD/CHF is possibly in the process of forming a medium term sideway pattern that started as the long term bottom of 0.9634 (2008 low). The pair might continue to stay in converging range of 0.9641/1.2296 for a while. A break of either 0.9916 support or 1.1729 resistance is needed to indicate that USD/CHF is back into a directional trend. Otherwise, medium term outlook will remain neutral.



Life is short! Break the rules! Forgive quickly! Kiss slowly! Love truly, Laugh uncontrollably. And never regret anything that made you smile.

Today's quote

Great minds discuss ideas. Average minds discuss events. Small minds discuss people. -- Eleanor Roosevelt


Life is short! Break the rules! Forgive quickly! Kiss slowly! Love truly, Laugh uncontrollably. And never regret anything that made you smile.

Fundamental Announcements

Announcements for July 27, 2007


US Time Currency Previous

2:00am	CHF		UBS Consumption Indicator		1.74
2:00am	EUR		GfK German Consumer Climate		3.5
2:00am	EUR		German Import Prices m/m		0.6%
4:00am	EUR		M3 Money Supply y/y		-0.2%
4:00am	EUR		Private Loans y/y		0.2%
6:00am	GBP		CBI Realized Sales		-5
9:00am	USD		S&P/CS Composite-20 HPI y/y		3.8%
10:00am	USD		CB Consumer Confidence		52.9
10:00am	USD		Richmond Manufacturing Index		23
9:30pm	AUD		CPI q/q		0.9%
9:30pm	AUD		Trimmed Mean CPI q/q		0.8%
11:00pm	NZD		NBNZ Business Confidence		40.2

Life is short! Break the rules! Forgive quickly! Kiss slowly! Love truly, Laugh uncontrollably. And never regret anything that made you smile.

Good Thoughts

"Life isn't about waiting for the storm to pass. It's learning how to dance in the rain"


Nobody, as long as he moves about among the chaotic currents of life, is without trouble -- Carl Jung


Life is short! Break the rules! Forgive quickly! Kiss slowly! Love truly, Laugh uncontrollably. And never regret anything that made you smile.

Today's quotes

It's not whether you get knocked down, it's whether you get up. --Vince Lombardi

All our dreams can come true -- if we have the courage to pursue them --Walt Disney



Life is short! Break the rules! Forgive quickly! Kiss slowly! Love truly, Laugh uncontrollably. And never regret anything that made you smile.

Today's good thoughts,

"Its only when you've lost everything that you're free to do anything" -- Fight Club movie




Just remember--when you think all is lost, the future remains --Robert H. Goddard

Life is short! Break the rules! Forgive quickly! Kiss slowly! Love truly, Laugh uncontrollably. And never regret anything that made you smile.

What is...

Margin is a performance bond, or good faith deposit, to ensure against trading losses. The margin requirement allows traders to hold a position much larger than the account value. There are a lot of brokers' online trading platform has margin management capabilities, which allow for this high leverage. Some brokers have the most lenient margin requirement which is .5%.

In the event that funds in the account fall below margin requirements, the Brokers' Dealing Desk will close some or all open positions. This prevents clients' accounts from falling into a negative balance, even in a highly volatile, fast moving market.

For example, let's say you have an account with $10,000. That means you have $10,000 of usable margin. If you use $7,000 to buy 7 lots of USD/JPY, you now have $3,000 of usable margin left, meaning that you are allowed to lose $3,000 before you are under the margin requirement. The account equity remains at $10,000 until you begin to make or lose money on the position. Now, if the USD/JPY decreases to the point that you end up losing the $3,000 which is left in your account, then Broker's Dealing Desk will close all of your positions to ensure that you do not lose more than you have in your account.

Managing your risk in the financial market: If the equity in your account drops below the margin required to maintain your open positions, the dealing desk will close all open positions. This guarantees limited risk. You also have the ability to track your margin in realtime. In the accounts window you will see 2 columns: used margin; usable margin. The used margin indicates funds currency pledged towards open positions. You can think of usable margin as your “wiggle” room. Once usable margin reaches zero, a margin call will ensue & all positions will be closed, are subject to liquidation at the prevailing market prices by dealing desk this is the margin watcher feature.

Simply put.. Margin is the amount of necessary money needed to place/maintain a position.
Margin Level Percentage is calculated by taking:

Equity/Margin x 100 - Margin Level Percentage
Equity (your true Account Value) is your Balance +/- any open positions.In normally leveraged accounts.

Life is short! Break the rules! Forgive quickly! Kiss slowly! Love truly, Laugh uncontrollably. And never regret anything that made you smile.