T/P & S/L adjusted on the G/U short..

...pulled it up to 19813.  Stop moved to just above break even.  If we visit north of 199, the original trade idea is off and I'll look to prepare for a break out (long) trade.

Total loss on this mornings S/L was at -1.1%, trade update, ideas

I'll update the total 2008 profit/loss tomorrow.

The market sell entered this morning is still in place...and I'm waiting patiently for it to develop.

Also, I'm keeping an eye on this NZD/USD...nice little downtrend that looks as it might fall further.  There is some event risk coming soon.  I'll keep watching for now.

More on the G/U

And here is what I'm looking at on the G/U and what that market sell was based on - the resistance at 1.99. If this doesn't hold, I'm letting go of the G/U. My S/L is at aboutj 1.996 or so, and I'm targeting a drop back to the middle of the range...1.965-1.97 or so.

And I'm still trying to figure out why this thing burst upwards like it did...reading some about the US rates staying the same and sentiment going with the fact that the US may not raise rates any time soon...? Not seeing much else? Comments?

We'll check up soon. I'm not looking to close this trade early. This is not a revenge trade...it's a trade that's going with the original trade plan, just a higher end entry. I do not, however, plan to keep the trade open over the weekend.

The loss from the stop out earlier this morning looks to be about 1% of the account. I'll confirm and post later.

Good morning :)

G/U limits hit, Stopped out, market sell just shy of 1.99