Monday, June 22, 2009

What I'm watching...

EUR/USD for a long 1.374 range:

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USD/CHF for a short, 109.55 - 109.85:

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It will be key to keep an eye on dollar strength...do not want to get in the front of any trains.

Regarding profit loss % updates...

...I aim to update the Profit/Loss % at the end of the day but will sometimes hold off until trades are complete. As silly as it may sound, updating that Profit/Loss % can influence my mood/trading, etc, especially after putting in an update after every single up and down.

Shorted EUR/USD 1.39 full size for +25

Trade closed.

With equities falling and the EUR/USD running into short term resistance at 1.39, I put a short in with tight stop. Closed 25 mins later for +25

Good Morning, USD/CAD stop out, EUR/USD short update, Outlook

I coaxed myself into a USD/CAD short this morning, using a level that was already tested last week but looked like it may be ready for another bounce. Not the case. Shorted USD/CAD at 1.1485 and was stopped out a couple hours later for -35 on 1/2 size position.

My EUR/USD 1/4 size short is looking OK, +100-130 points. Looking to see further down movement through today, equities are down nicely, pushing USD up.

I'm watching EUR/USD for a long bounce at 1.374

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