Wednesday, April 29, 2009

Closed eur/usd shorts for an avg + 35 on full size and a usd/cad long (1/10 size) for +50.

Up coming is the 1.34 eur/usd level but I may also watch for prices to long the pair. Also keeping an eye out for usd/cad shorts as we move back into the range.
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And I still really like the idea of a usd/cad long as I feel safe in this range and don't believe that the bottom is ready to fall out yet....may try again to get some bargain longs around 1.2 or lower....the fomc volatility may provide that spike that I need.
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I'm in short eur/usd full size scaled from 1.33 to 1.3315, stops just above 1.3345, playing the general 1.33 resistance and the downward trend line.

Taking a bit of a gamble as I'm keeping the trade on during the fomc which is due in an hour.

Closed an earlier eur/usd short for -20 on a half size position and closed a usd/long for +10 on a half size position.

Got scared out of my planned g/u short this morning at 1.4775 and never took the trade that went on to yield 75+ points. Disappointing.

I will reshort the eur/usd at 1.34 resistance if we blow through the 1.33
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