Update Advice #9; Entry 3 @ MKT (1.6630~50)

Knocked lower 3 times today but mostly positive, tomorrow could be one of those retraction days for the Swiss, especially in light of last week.

I'm taking a 3rd entry of equal lot size at this level. Hold these long term to continue to make the interest swap.

Remember, the markets have already price huge movements into the Pound. Unbelieveable that the sterling pound was over 2:1 on the dollar just 6 months ago and is now sitting 1.40 ish. The Brits really know how to take their medicine and get it over with.

We hit a bottom in December just above 1.50 versus the Franc that has been untouched since. Neutral Data for the sterling and the recent projections that no further intrest rate cuts should be necessary or even productive equates to 'non-news' and lends toward buying due to intrest pay out on buy orders. How profitable could these positions be in a year if the pound recovers even 20% and interest rates move back up from current unheard of 1% in the UK?