Showing posts with label Currency_Bias. Show all posts
Showing posts with label Currency_Bias. Show all posts

Monday, July 30, 2007

Forex Biases for July 30

Price consolidation. Markets are out of sync at the moment. My current daily biases on the following markets are as follows:

USD/CAD UP
USD/CHF DOWN
USD/JPY DOWN
EUR/USD DOWN
GBP/USD DOWN
NZD/USD DOWN
AUS/USD DOWN
AUS/JPY DOWN
CHF/JPY DOWN
GBP/JPY DOWN
EUR/JPY DOWN
EUR/CHF DOWN
EUR/CAD UP
EUR/GBP UP

I played a short trade on CHF/JPY today with +22 on half of the position and stopped out for nothing on the other half after an unusual price swing. Total: +0.55R. I had an unrealised 34 pips gain earlier, ouch! Meanwhile, I am predicting a tighter trading range for tomorrow and even the day after tomorrow. Then, there should be some playable breakout actions.