Thursday, July 17, 2008

NZD Trade Closed

Took the 106pips and ran with it. Nice bounce off the .76 there...had some trouble closing it fast enough and unfortunately couldn't get it closed before the bounce. Regardless, pips were good and this was a pretty easy trade. I may short another retrace...looks like we may break into a triangle here if the bottom continues to rise...otherwise, if we can break it and make lower lows, it should be time to short again.

After the loss of .5 percent on the AUD/USD short last night, this trade brought in a 1.75% account balance increase.

I plan to be done for the week and look forward to trading Sunday gaps this weekend. If I can find anything trustworthy, I may trade the gaps with this primary account (not the smaller, secondary account that usually handles the gap trades).

Good day! :)

No comments: