Wednesday, November 1, 2006

A Mid-Week Update

I am feeling the heat trading against the markets yesterday and of course, today too. You may already knew that I have been holding some dollar long positions since last Friday. Here are the mixed results:

Monday (starting-off well):
Exit long USD/CAD at 1.1256 for +14 pips

Tuesday (a reversal in fortune):
Exit long USD/CHF at 1.2524 for +35 pips
Exit long USD/JPY at 117.70 for +21 pips
Stopped out of long USD/CHF at 1.2455 for -62 pips (ouch, I was so wrong in trying to chase the market higher)
Exit short GBP/USD at 1.9075 for +20 pips (revenged trade)
Exit long USD/JPY at 116.94 for +14 pips (revenged trade)

Wednesday (a lucky escape):
Exit short GBP/USD at 1.9105 for +21 pips (more revenged trade)
Exit short GBP/USD at 1.9088 for +11 pips (scalped trade)
Exit short GBP/USD at 1.9065 for +18 pips (scalped trade)
Exit short GBP/USD at 1.9069 for +10 pips (the initial short position before the ISM report)
Exit long USD/JPY at 116.95 for -12 pips (gave up finally)

That is...up 90 pips so far this week.

No comments: