Wednesday, March 25, 2009

Trade update

GBPCHF triggered short and took 22 then stopped for -20. Re-entered and triggered about 45 minutes later. Profit at +21, +58, and +108. Moved stop to >1.6480 Still trading.
Long never triggered.

GBPUSD triggered short. Profit at +26, +52, and +77. Moved stop to 1.4618 and got stopped.
Long trigger just missed.

EURUSD triggered short and stopped for -22. Re-entered.
Triggered long and hit first target for +42. Moved stop to >1.3525 and stopped right away.

GBPJPY Triggered short and took +42 and +68. Moved stop to >143.10. still trading.
Long never triggered.

Where did the big and fast move against the dollar come from? Was it the unexpected 4.7% increase in new home sales or do you suppose it may have had something to do with Treasury Secretary Timmy Geithner moving his lips. I may just have to start closing my orders when anyone from Washington speaks. Just take a look at what the dollar pairs did when this guy started speaking. Sounds like due to the Special Drawing Right linked currency system proposed by the Chinese that Timmy says the US is open to. Don't the Chinese own the US by now?

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