16 December 2008

16-Dec P.1

So I did not open any other orders yesterday, I saw that the USD pairs were pretty much hovering and figured I would wait for some movement. I hit my TP on the USDJPY, so I ended up taking 56pips, which put my +14 for the pair for the day. My 15-Dec total was up 169 pip.

This morning, it looks like the market is heading in the same direction. The news in EU looked mixed, but it seems the Fed is going to lower the overnight rate for banks again. Also, the stagnation trend that started mid-day yesterday seems to be broken this morning.

Here are my current positions that I entered around 9amEST
USDCHF Sell @ 1.1493, S/L @ 1.1583 (R of current trend), Trailing stop
USDJPY Sell @ 89.94, S/L @ 90.36 (Fib 100), Trailing stop
EURUSD Buy @ 1.3733, S/L @ 1.3689 (Fib 50), Trailing stop
GBPUSD Buy @ 1.5355, S/L @ 1.5297 (Barry Support), Trailing stop

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