Thursday, July 2, 2009

USD/CHF Short Stopped for -60points

on a half size position. Unfortunate but I'm glad that I wasn't awake to add to the position. I guess there just wasn't quite enough market agreement with the 108. figure.

I'm watching the EUR/USD now for a bounce at 1.40 but it doesn't look like it wants to quite get down there yet.

I missed the USD/JPY 97. sell yesterday. I'm irritated about that...I had a call alert set and must have deleted it.

That's all for now. We're still positive for July and I need to be sticking strictly to the S&R trades, trading off the support or resistance line ONLY and not taking the trending, "candles look ready to fall" sort of trades. I pulled hard for 4% of gains over the last few weeks only to piss it away in non-S&R trades in a few days.

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