Monday 08 March 2010

If cable gets to 1.50 and holds then I am a buyer there (the 50% retrace of the weekly hammer).  However I am not convinced it will hold so I am watching price carefully.
The other thing I am waiting to do is buy USDCAD ... weekly triple bottom.  This trade might not work but I think the R:R is worth it.
My GBPJPY trade is a retrace to 50% of the weekly hammer.  I might consider a buy then or long on a break of the weekly hammer.

EURJPY short 123.50 stop 1.2390 target 122.30 / 119
EURUSD short 1.3660 stop 1.3680 target 1.3475
CRUDE short 82 stop 82.35 target 80 counter-trend
EURUSD stopped out (-1R)
EURGBP addition stopped out 90.30 BE
EURUSD short 1.3650 stop 1.3685 trying again
GBPJPY short 136.45 break of of support, stop 1.3685 target 134.70
USDCAD long 1.0275 stop 1.0245, hourly hammer off support
CRUDE short closed 50% @3xR 80.95 (+1.5R)
GBPJPY closed 50% @ 135.00 (+2.14R)
GBPJPY balance closed 134.70 target (+2.5R)
EURJPY missed my target by 1.5 pips and bounced ....

Open trades:
USDJPY short 90.50 stop 90.80
EURJPY short 123.50 stop 1.2390
EURGBP short 90.70 stop 90.85 - 1/2
CRUDE short 82 stop 82.35 - 1/2
USDCAD long 1.0275 stop 1.0245
EURUSD short 1.3650 stop 1.3685

USDCAD -
Three is a charm ...