Update for 20080201

Current positions

• USDCHF: (short 1 lot) profit at +505. Had a bullish outside bar today, could see a move up to my stop, or it could have just been people covering their shorts for the week. I'm still hanging on to my last lot with my stop at 1.1000. If we head on down, we're going into uncharted territory. Could be exciting! Also, if we see another bar to the upside, 14 period stoch will break the 23.6 level, but since this is my last lot, my money management rules tell me to trail it until it gets stopped out; however, if it were my first or second lot to exit, I would exit. Hope that makes sense.
  

New positions

• GBPUSD crossed down the 76.4 level, but weekly stochs are pointing up looking to break out of oversold, so I won't be taking this trade. It very well could continue to go down after that huge bearish bar, but I won't be in on it with this system.
• None other than that.

Pairs to watch

• EURUSD short if stochs break the 76.4 level and price can't break through the 1.4900 resistance.
• AUDUSD looks pretty flat
• No telling what USDCAD will do.