Monday 12 July 2010

Cable has broken down through 1.50 at the open.  I skipped shorting the break and I am waiting to see how the daily candles close across all the markets as we are at key inflection points closes.

GBPCAD balance closed 1.55 (+2.4R)
USDCAD balance closed 1.0350 (+2R)
New trade:
GBPAUD SHORT 1.7150 stop 1.7210 PT 1.69
GBPAUD stopped out (-1R)

Open Positions:

CRUDE LONG 72.30 stop 71.70 PT 75.00 - 1/4 position

USDJPY long 87.30 stop 86.90 PT 89.20 - 1/2 position