Tuesday, November 4, 2008

Folllowing up on that AUD/USD triangle that was setting it up...looks like it failed and I'm on the sidelines with that pair for the time being.

I'm watching the USD/JPY as we have a nice upward trending channel going and I believe we will peak above 100 again tonight/tomorrow.  Right now I'm trying to score an entry below .995, close to the upward moving trendline.  This trade will be a smaller 3k lot size as I want to allow for a larger stoploss, below .984.

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