Monday, December 24, 2007

Update for 20071224

Preface:
  • Alpari demo accounts stopped feeding price data at 1pm EST today, so this is what they were then.
Current Positions:
  • USDCAD: profit sitting at +278
New Positions:
  • Will be long on AUDUSD when the markets open back up as long as the 14 stoch is still above the 23.6 level. Hold me; I'm scared! Hoping it's not like the last two signals and we see a continuation of the uptrend. Seems to have bounced off of the 50% retracement level, but we could see resistance at the 38.2% level which is only 50p away at this point.
Pairs to watch:
  • Euro might turn up soon; cable is lowwwwwwwww.

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