Wednesday, August 26, 2009

Wednesday 25 August

The deputy Governor made a speech where he said a persistantly strong CAD would delay growth in Canada and delay the return of inflation to target( i.e. be deflationary)and he suggested Canada may use unconventional monetary policy instruments including quantitative easing. The race to have the cheapest currency is on.
USDCAD is a bullish engulfing and lower high on daily.
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I'm trying something with levels on sterling, half stakes to see if I can get a tight stop:
GBPCHF short 1.7344, stop 1.7360 - addition
GBPUSD short 1.6346, stop 1.6356 (sold level of last nights close)
USDCAD long 1.0850, stop 1.0825 - daily BUEB
CRUDE short 72.54, stop 72.70, half stakes, 38.2 fib retrace
EURAUD (Mon) stopped out (-1.0%)
SILVER short 14.300, stop 14.350
GBPCHF (Tues) banked 50% @3xR 1.7270 (+1.5%)
GBPUSD banked 50% a 6xR 1.6286 (+1.5%)
CRUDE banked 50% @ 6xR 71.58 (+1.5%)
SILVER stopped out (-1.0%)
GBPCHF (today) stopped 3xR 1.7296 (+1.5%)

Asian session:
GBPJPY short 152.80, stop 153.15 DIBS 1hr IB

+4% for the day.
Open trades:
GBPCHF short 1.7638, short 1.7483, short 1.7390
USDJPY short 94.30, stop 94.80
GBPUSD short 1.6346, stop 1.6356
USDCAD long 1.0850, stop 1.0825
CRUDE short 72.54, stop 72.70

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