Sunday, July 27, 2008

Limit longs set on AUD/USD...

....9510 is what I'm going for.  S/L .944 & TP above .965 but is very subject to change.

*Market long a small order @ .9542.  Full size limit long remains in place, waiting patiently.

Small gap on the AUD/NZD...

...looks to be about 25 pips.  I will be watching it.  FXStreet charting shows the price level down to  1.285 but my broker is still showing 1.287 so I'll hang to the sidelines for now.  It seems to be coming to short term support @ the 1.285 level and getting some bounce.  Close price is 1.287

***Correction, there was no real gap down upon further inspection.  There was a small gap upwards but this was quickly closed with a strong move downwards which appeared to represent a false larger gap.***

Slow Sunday for gaps, oh well.

Good morning and welcome to Sunday gap plays

I'll update as the gaps come in...reviewing the news right now to ensure nothing critical happened over the last 48 hours that may justify any gaps.

Update...

Mmk, it's just after 1pm PST and the E/U & G/U have started to gap down a bit.  AUD/NZD has made the largest gap thus far of about 20 pips.  My spread is going to be extremly high the first few hours at around 10pips for the majors and even more for the minors.

Update...

Almost 3pm PST, I've looked over the majors and the gaps just aren't coming in this afternoon.  Nothing more than a few pips and we don't touch those :)

I'll catch up later this evening with some more recap if anything comes up.  Good afternoon :)