Sunday, October 22, 2006

3rd Week of October+ 112 pips

The third and final closed trade for the week was a long USD/JPY opened at 118.38. It managed to recoup a small loss earlier to yield +33 pips. It was actually a late entry which I entered based on to the overnight price action during the Asian session.

However, I am still holding two positions: a short GBP/USD and long USD/CHF, currently -59 and +3 . My cable position is still badly affected by the higher than expected GDP report. I will probably cut my losses by mid afternoon Monday if there is no improvement on these trades.

No comments: