15 December 2008

First set of trades open for 15-Dec

So this morning it looks like the dollar is weakening. At 9am the TIC long-term purchase news was negative. To be honest, I am not sure what this is, but on Forexfactory its marked as an important report, and the expectations were 40B, and the numbers came out at 1.5b.

Even before this negative news the trend seemed to follow last Thursday's with the dollar loosing ground on all of the majors, so I put some fibs on my chart, and here is what my orders were, they were all .5 lots. Looking back, I should have set the lots to less for EURUSD and USDCHF since I am trading outside of my 3-4% comfort zone.
USDJPY - Sell at 90.33- SL att 90.75 - TP range 89.15 (But will change to 25 trailing)
EURUSD - Buy at 1.3566 - SL at 1.3498 - 25pip Trailing stop
USDCHF - Sell at 1.1646 - SL at 1.1740 - 25pip trailing

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