Sunday, January 31, 2010

Curreent Trades

Here are the trades that I am currently in:
(Please note: THESE ARE TRADES THAT I AM IN. I AM NOT AN INVESTMENT OR TRADING ADVISOR, NOR DO I OR WILL I OFFER INVESTMENT OR TRADING ADVICE. DO NOT ATTEMPT TO TRADE THESE BASED ON THIS INFORMATION!!!!!!!!!!!!
TRADING FOREIGN EXCHANGE OR STOCK OPTIONS IS RISKY AND MOST PEOPLE LOSE MOST OR ALL OF THEIR TRADING ACCOUNTS)

I have been selling EURUSD over the past week as early as 1/26. Taking profit at 100 pips+ and adding on pullbacks. trying to follow the downward trend in the pair.

I bought a micro USDCHF contract tonight testing the strengthening trend on that pair. I will add to it if the trend stregnthens a bit more.

I bought a couple of micro USDCAD contracts on 1/29 to see if there is much strength in that trend, if there is I will add more mini contracts.

I was able to grab over 300 pips last week on the EURUSD. This new trade is to confirm continued weakness in the trend.

Last week I got the GBPJPY wrong but as I had just entered the trade using a micro contract it didn't cost me much to discover that my analysis was incorrect. I find that it helps me to follow the adage of "cut your loses and let your winners run" 

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