Wednesday 03 March 2010

Indices look a little toppy today (or the Russell2000 and Dow do) and commodity currencies are weaker than the continentals (NZD weakest).  I tried a cheeky short in EUR which failed and reminds me not to trade against the daily.  Its going to be one of those funny weeks leading into NFP and time to trade carefully.

New trades:
EURUSD short 1.3625 stop 1.3655 target 1.3550 - range trade
EURJPY short 120.98 stop 121.28 target 120
NZDJPY short 61.60 stop 61.90 target 60.50
EURUSD stopped out (-1R)
EURJPY closed BE - not doing what I expected.
EURAUD closed 1.5090 (-0.5R) - not doing what I expected
NZDUSD short 69.45 stop 69.70 target 68
CRUDE short 80.82 stop 81.22 target 79.90

Open trades:
AUDCAD short 0.9365 stop 0.9385
USDJPY short 88.80 stop 89.15
NZDJPY short 61.60 stop 61.90
NZDUSD short 69.45 stop 69.70
CRUDE short 80.82 stop 81.22

One to watch:
EURNZD triple bottom and trendline break