Thursday, December 27, 2007

Update for 20071227

Current Positions:
  • USDCAD: (short) profit at +320, stochs in the oversold region looking to turn up, might have to exit soon. looks like it bounced off of the 38.2 fib level.
  • AUDUSD: (long) profit at +40, off the high of the day, but broke through the 38.2 fib support level, hope it keeps going.
  • EURUSD: (long) profit at +116, off the high of the day as well, broke through 23.6 fib level, down for the new day that started at 6pm EST so far, but it's early and anything can change.
New Positions:
  • USDCHF: Short at 1.1402. The stochs were combed and broke through the 76.4 line on the way down at the close of the bar, weekly short term stochs are starting to slow down like they were with the last two highs on the weekly stochs that produced significant downturns. Only thing I'm worried about is even though we may have seen it bounce off of the 50% fib level, it's right up at the 38.2 level. Here's hoping it breaks through.
  • EURAUD: I did not take this trade because this pair is ranging like whoa.
Pairs to watch:
  • Short the USDJPY in a few days?
  • Long on GBPUSD in a few days?
Images:

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