Monday, July 28, 2008

GBP/USD - wanting to go short...more AUD/USD



below 1995 and ride this down to 199 (or lower) but I will hold off right now.  Rising bottom trendline converging on the primary downtrend so I do expect a break soon (thinking lower).  I'll wait for that break to make a trade.

1985ish or a bit higher looks to be the support we need to sink this pair.

On the AUD/USD, I'm still sitting about the same...+30something on the first position and +10 something on the second.  S/L is still at breakeven.  The screenshots show what I'm going for with the daily trend as well as an update on the current pip situation.

A/U update...

...holding steady at about +35pips on the first position and +15 on the second.  Stops at breakeven, risk free.

AUD/USD Stops moved to Breakeven

AUD/USD update...

I'll look to move S/L to breakeven/.955 in the next couple of hours. I want to be a little more mindful of any possible strong selloffs/strong USD.

Good morning :)

AUD/USD update...

+20 pips on the first small position, went ahead and entered a market long with a second small position @ .9567 and I still have my full size position set at .9510.  Right now, as long as we stay above .955, I'm looking to see the pair move upwards.

Good morning :)