Was on the road and missed my EUR breakout...was hoping to see a retracement back up to 1.29 but it looks long gone right now. I'll keep tabs on it...
**Also, took a second EUR short earlier and closed it early for -7 points. It was a good entry but the pair still had a bit more retracement left in it and I didn't want to widen my stops.
Wednesday, November 5, 2008
E/U closed for +85 points, another trade in the works...

I'm trying to hold onto this EUR/USD for further downside progress...we're +80 points right now. 1.29 should provide hard support as we meet the upward trendline. Break that and I should be good for 150-200 points, if not more. Otherwise, I expect a hard bounce in which I'll look to book 80-100points and look for a possible re-entry later.
E/U
I went short, long & am short again with one loss (-25), one win (+16) and an on-going win with my recent short from top of the downward trendline @ 1.3019...really trying to hold this for a break to new lows. +35 points right now on a 5k lot.
EUR/USD
Closed the first short down at +3 points in an effort to get a better entry. Price dropped pretty quickly after that and I'm now watching for a short op on the break of 1.30...
Short EUR/USD @ 1.3082
Looking to see some downward movement. Scaled in first with a 2k lot...will scale in another 1 or 2k if we continue a ways higher. Not looking for any sustained movement above 1.31 (1.315). This would be my cue to get out.
I think this could be good for 150-200 points, if not more.
I think this could be good for 150-200 points, if not more.
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