Thursday, December 13, 2007

Update for 20071213

Current Position Update:
  • GBPUSD: stochs still combed, price didn't hit any new lows, although the position is down 52p
  • AUDUSD: fishnetting starting to occur, we'll have to wait out the bar close to see what happens. Price didn't hit any new lows, even though the position is down 81p
  • USDCAD: I drew a fib retracement from Feb to Nov (07) and price was testing the 38.2 level. Last closed candle broke out above the level, which also happened to be where I entered short at. Down 78p on this one. Stochs are starting to consolidate in the overbought area, will they dip below 76.4 again or will I get stopped out?
New Positions:

  • None.

Pairs to watch:

  • GBPCHF might be rolling over into a downtrend?

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