Sunday, June 29, 2008

EUR/USD gap trade closed for 6pips. Lousy but...it worked.


The screenshot shows the original entry and subsequent stop out (red circle) as well as the second entry with take profit (green circle).  Keep in mind there was a pretty killer spread of 10 pips...so when the trade was closed, it was actually closing at the gap close price level.  Make sense?

I take that back on the U/J gap...

....doesn't look like it was a real gap overall. It does look like it opened a bit higher...but from there, moved on it's own...it did not really just open high.

I'll look at it later.

The EUR/USD gap trade (TAKE TWO) is looking OK right now, up a few pips. Looks like this thing will be ready to close in the next couple of hours. Stop is still set below the 75 "support" @ about 65ish. I'll try and get a screenshot here in a little bit.

Long again EUR/USD, wider s/l.

Let's give it another try

EUR Gap stopped out, now watching...

EUR/USD Gap


Went long just above the 1.5775 point, looking to fill this 20pip gap.  S/L is tight just below 1.5775.  May go long again at 1.575 if we get that drop.

The screenshot shows the entry (blue triangle). 

Sunday Gaps 6/29/08..

...just getting up and going this afternoon.  Thus far. EUR/USD is gapped down 25 pips & USD/JPY has begun to gap upwards.  GBP/JPY also has some upward movement of about 15 pips...coming up on the 212. level...might be a place to get short at.

USD/JPY will be my main focus.