Wednesday, October 21, 2009

Wednesday 21 October

I am holding short on Crude, Gold expecting some more sell off today,  It is hard to see a setup in currencies that I like except perhaps the daily EURGBP short & USDJPY long (will post a chart later).  USDCAD a buy on dips and the flag building up on EURJPY.

EURGBP short 90.90 stop 91.15 target 89.00
GBPUSD (yesterday) stopped out (-1.0%)
GOLD short 1059 stop 1060 - addition @50fib retrace
CRUDE short 78.90 stop 79.15 - addition, rejection of $79
USDJPY long 90.75 stop 90.45 - 4hr hammer
EURGBP banked 50% @3xR 90.15 (+1.5%)
GOLD addition banked 50% @3xR 1056 (+1.5%)
USDCAD long 1.0530 stop 1.0480 break of resistance
CRUDE addition banked 50% @3xR 78.15 (+1.5%)
EURUSD (yesterday) stopped out (-1.0%)
CRUDE addition balance stopped out (-0.5%)
EURJPY long 1.3609 stop 1.3579, flag breakout
GOLD addition closed 1055 market reversal (+2.0%)
USDCAD stopped out - fakeout breakout (-1.0%)
CRUDE short 79.50 stop 79.80 Bearish inventories - addition
CRUDE addition stopped out (-1.0%)
GOLD (yesterday) closed 1058 (0.6%)
CRUDE balance stopped out (-0.5%)
EURJPY closed 136.69 (+2%) - equities sell off
Close:
GBPJPY short 151.31 stop 1.5157 - dbl top @50fib level
CRUDE short 81.50 stop 81.80 1hr BEOB target 80
GBPJPY stopped out (-1.0%)

I completely screwed the execution of the crude trades today, I was too slow to move my stops and protect profit.

Open positions:
EURGBP short 90.90 stop 91.15
USDJPY long 90.75 stop 90.45
CRUDE short 81.50 stop 81.80

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