Tuesday, July 7, 2009

Shorted a half a GBP/USD position

Shorted a half a GBP/USD (@1.620) position in case we get a rotation to 1.6290 area, where I would short more.

Thanks to my Trader Outlook account, below...

I am looking for a short trade in the US/Yen if we get a close below 94.87 on the 4H chart. Targets will be 94.45 and 93.84.


If we get a close below 131.40 on the Euro/Yen I will look to 129.71 as a first target, and 127.32 as a second (of course moving my stop up after taking half off.)

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