Sunday, 18 October 2009

Once these conditions

Once these conditions are met, we will place our initial stop at the nearby swing high (or reasonable distance), and this risk will determine our first target. Our second target will be purely based on discretion, and we will move the stop on the second lot to breakeven once the first trade reaches its target in order to preserve our profits.

Conversely, as the region is expected to face its worst economic downturn in over a quarter century, fading demands for employment paired with increased risks for deflation is likely to weigh on households, and private-sector spending is likely to fall further over the medium-term as growth prospects deteriorate at a record pace. As a result, an in-line print, or a drop of more than 0.2% in sales would lead us to hold a bearish outlook for the swissie, and we will follow the same strategy for a long dollar-franc trade as the short position mentioned above, just in reverse.

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