Tuesday, September 29, 2009

Tuesday 29 September

S&P stalled at the 61.8fib of last weeks hi/lo which does not bode well for the rally continuing today.  Eurodollar which normally moves in lockstep lagged badly in yesterdays indices rally but not enough to tempt me to short it yet :)
I am still bearish sterling and crude.  I am watching USDCAD & CADJPY which are coming up on a 50 retrace of last weeks weekly marabuzos.

GBPUSD short 1.5918 stop 1.5968 - addition
GBPJPY short 143.21 stop 1.4361 - addition
GBPCHF short 1.6433 stop 1.6468 target 1.6220
USDCAD long 1.0830 stop 1.0805 - 50% retrace of weekly candle
CADJPY short 83.10 stop 83.40 - weekly level and 50fib
CRUDE short 66.83 stop 67.13 target 65
GBPCHF stopped out (-1.0%)
EURUSD short 1.4560 stop 1.4605 DIBS
GBPJPY addition stopped out (-1.0%)
GBPUSD addition stopped out (-1.0%)
A reversal spike in sterling I'm now limit down :(  stops at breakeven & may as well go back to bed.
EURUSD stopped out BE
USDCAD banked 50% @3xR 1.0905 (+1.5%) finally
CRUDE banked 50% @3xR 65.95 (+1.5%)
CRUDE balance stopped out (-0.5%)
CADJPY stopped out BE
USDCAD balance closed 1.0870, support line break (+0.8%)
CRUDE short 66.50 stop 66.90 trying again
CRUDE stopped out again overnight (-1.0%)

-2.2%
Open Positions:
GBPUSD short 1.6399 (23Sep) targets 1.58, 1.5530, 1.5250
GBPJPY short 148.45 (24 Sep) targets 141, 140.60, 139

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