Saturday, March 18, 2006

end of week

good week in all then - finished up on 348 pips on closed trades
still have usdjpy open at + 127
also have an audusd open from 1.1486 - target is 1.1422 on that one - not a proper swing as this was taken on the our hour chart - going to watch this carefully this week as its ready for a turn down - prediction will be a fall to 1.1422 followed by a rise that wont make new highs - then ill be re-shorting for a swing trade
took a short this morning on euraud - reasons for this are not my usual ones - its way over extended, cci is above 400 and this really needs to come back to sip some buyers - im hoping for a good drop on sun night / mon morning - just feels like a no brainer so it will probarbly lose lol - only placed a small position.
I have orders placed as follows
Short eurjpy @141.08 if hit stop 142.60 - swing trade
short chfjpy @ 89.60 if hit- stop 90.81 - swing trade
time will tell and heres hoping for good judgement this week
hope you had a good one :)
From The Desk Of ...

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