Thursday, April 26, 2007

US Session

Not much that I can do in this session as the dollar rebounded strongly throughout the morning European session and into the opening of US session. We are getting into the tail end of big moves, and hence the expected choppy price action.

Choppy price action (GBP/USD):











A good trade that I missed (potential USD/CAD long +22):











A trade that I nearly got sucked in (EUR/JPY short potential loss -15):











A trade that I simply avoided due to low reward-risk ratio (possible long USD/JPY):
***Update***
I was wrong earlier, a 20 pip target was easily hit, current price 119.55!!!

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