Monday, May 3, 2010

Sunday 02 May 2010

Just finishing analysis but in the meantime.
New trade short GBPAUD, I entered this as a gap trade but because of the trendline break I think this will keep going.  This trade works best when stocks are going up.  See Friday's blog post for the trendline I am referring to.

GBPAUD short 1.66 stop 1.6650 PT 1.6250 - trendline retest
CABLE short closed @ 1.5250 (+3.3R)
GBPJPY short closed 50% @2.9R 1.4305 (+1.45R)
USDCAD closed @ 1.017 (+4.4R)

Open trades:
GBPJPY short 144.50 stop 144.80 PT 142 - 1/2
EURJPY short 125.10 stop 12550 PT 122.30 / 120.50-80 
GBPAUD short 1.66 stop 1.6650 PT 1.6250

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