Tuesday, December 1, 2009

GU Trade Update

Closed 1/3 of short at +20.

Remaining 2/3 still on, no SL adjustment yet.

GU short 1.6624

SL 1.6657, TP 1.6545

S&R, TL

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USD/CAD Short Update

Closed original short out at +15.

Closed 1/2 of second short at +30.

Remaining 1/2 of second short stopped at BE.

Watching USD/CHF for an opportunity to get short.

Added another U/CAD short @ 1.0445

USD/CHF triangle, looking to get short for USD breakdown

Keeping an eye on USD/CHF for a another opportunity to get short, if we can't break down below this morning. 1.0035-1.005 is what I'm thinking...However, with equities rallying over +100 this morning, I would have expected USD to be tanking and making ways for new lows.

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U/CAD stopped for -20, Short 1.0427

Shorted USD/CAD with one small position at 1.0427, stops 1.0477, looking for a nice move down, will continue shorting as we move up.

USD/CAD, long 1.046

Long U/CAD, 1.046, stops 1.044, TP set at 1.0535

TL, S&R and 61% fib from Oct 15 lows to Nov 2 highs.

A break of 1.04 = resumption of downtrend...but I'm not so sure it's ready to do that yet.

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RE: Small EU Short

All positions stopped at 1.5027.

Re-entered at 1.5037, closed 2/3 for +16 points, the remaining later being stopped out at 1.5057.