Monday, October 27, 2008

U/J

Closed early for +12 points, will try and score a better entry...

Short U/J

@ 1.9385

Keeping an eye on the U/J as we break into Japan's open

G/U short

I'm a couple hours late but I took a 10k sized G/U short @ 1.5546, closed 1/2 @ +25 and the second half stopped out at breakeven.  Not quite seeing the conviction that I had hoped for...will be waiting.  Also took a tiny 1k short position against the USD/CAD earlier that was closed for some 20points.  Not worth mentioning but it did add one more trade to the bunch.

G/U Follow up

My trendline was broken to the upside and an 80+ point run up occurred...backed off at 1.57 and 1.56 will now stand as support. If we can get a break of this, I'll look to see price come back down to the double bottom @ 1.5275. Otherwise, we may see the USD give back some in a retrace.

Watching, waiting :)

G/U


Looking to see some continued movement downwards with the G/U...holding off for an hourly confirmation of such...stops would be set above 156.