Friday, December 28, 2007

Update for 20071228

Current positions:
  • USDCAD: (short) profit at +313. Past two bars have been doji-esque, we'll have to see if the bears can hold their ground. Short term stochs beginning to cross up the 14 period, we'll have to see if it consolidates on Sunday (no exit) or if we start to fishnet (exit).
  • AUDUSD: (long) profit at +33. Price kind of bounced off of a fib level, but remained down for the day. Shortest term stochs beginning to hook around, we'll have to see what happens.
  • EURUSD: (long) profit at +238. Huge breakout of a fib level, will there be a retracement? ST stochs beginning to decelerate, 4h stochs roped in overbought.
  • USDCHF: (short) profit at +138. Closed right on the 23.6 fib level, stochs on the daily still strong down, 14 is at 44. Four-hour stochs roped up in oversold.
New positions:
  • Must wait till Sunday; however, short on the USDJPY looks iffy.
Pairs to watch:
  • GBPUSD looking to go long in this intermediate downtrend maybe on sun/mon/tues. I have a price channel drawn, and price is sitting in the middle of it, we'll have to wait and see.
  • USDJPY for possible short on sunday, but again, I'm already open on 4 positions (two shorting the dollar) and if this signal isn't screaming SELL ME NOW then I probably won't take it.

No comments: