Friday, September 5, 2008

Sitting at +51 pips going into the weekend.  We'll see what next week brings.

Looking forward to Sunday gaps...lesson learned from last week's failed attempt at the GBP.  I'll try to recap more on that and go over the signals I didn't see/ignored.

Good afternoon.

USD/CAD follow-up

+40-45 pips right now. I'll look to move stops to break even if we can get a break of 106.

I'm not worried about holding this into the weekend

Short USD/CAD @ 106.80

Wide s/l, above the weekly high, looking to see some good retrace lower to 104 or below.  If we get a daily close above 107, I will look to close the position early.

Fundies are on my side with US having a worse than expected NFP and CAD's employment report being better...

Good morning :)