Thursday, August 20, 2009

Thursday 20 August

A quiet morning of commodity chart study for me ...
Correlation between fundamentals and price action appears to have died (look at crude yesterday or the indices) so time to focus on the price.

AUDJPY stopped out (-1%)
GBPJPY balance stopped out (-0.5%)
EURAUD short 1.7125, stop 1.7149 - addition
GBPCHF short 1.7638, stop 1.7670
GBPJPY short 155.50, stop 156.00
USDJPY short 94.20, stop 94.45, 1hr IB
EURAUD addition stopped out (-1.0%)
GBPCHF banked 50% 3xR 1.7542 (+1.5%)
USDCAD short 1.0925, stop 1.0975, break of daily BEOB
Crude short 73.00, stop 73.50, support break, 1hr IB
USDCAD banked 1.o875 (+1.0%) - like this lower, need better entry

Asian session:
CADJPY short 86.50, stop 87.10

I'm even for the day and have the following open positions:
EURAUD short 1.7218
GOLD short 942.50
SILVER short 14.115
Crude short 73.00
USDJPY short 94.20
GBPCHF short 1.7638
GBPJPY short 1.5550
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3 comments:

  1. MarkusAugust 20, 2009 at 9:58 AM

    Hi Nic, will look in here from now on.

    Markus (BSD)

    Good trading !

    ReplyDelete
  2. BeachtraderAugust 20, 2009 at 12:20 PM

    I'm liking silver - http://www.youtube.com/watch?v=IsGDNG2Cpbg

    ReplyDelete
  3. KillPhil08August 21, 2009 at 8:01 AM

    some powerful moves and shapes today nic, beware teh chop!

    ReplyDelete

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