Wednesday, October 29, 2008

Was out and missed my CAD drop.

USD/CAD setup..


...this is the setup I'm watching.  Looking to see a break below and trend (down) continuation.

2k stopped at breakeven...

Short U/J


5k at the top of the range.  Closed 3k early at +22, stops moved to B/E on the remaining 2k, letting it ride to the T/P @ 97.4.

I'm watching USD/CAD & USD/JPY ranges tonight.

Quick G/U long

Tight range, caught a good buy on a dip below 163 and rode it up 15 points towards the top of the range. Waiting for a break...may get in again, we have another few minutes on this one.

Rate cut today, I will be mindful.

Took a small USD/JPY long...


...playing the breakout.  Saw a decent 35-40point move out but it soon failed and came back down to the break point.  I got out with a couple of points....was looking to see it bust 98 and head higher but not yet.