Friday, October 30, 2009

Fruitful day.

So my sells on the Eurjpy and Usdjpy along with my long position on the Usdcad paid out pretty well. I am going for a record pip total and hope to make it next week. I left all my entries in as we go into the weekend. Moved the stop into "world money" so as to be sure to lock in some profits.

My thoughts on the Usdcad are to stay long on it. We broke on the topside of the downward trend that is has been in for awhile. So I do hope that with the next coming days, my enrty will continue to compound and I will look for new places to enter long and let it ride.

Usdjpy has taken a nice drop back into the downward trend is has been in. I have a target of 89.70 area which we are only 30 pips away from. We should see the Usdjpy retrace back bull before another surge bear happens.

As for the Eurjpy, looks like it to is falling back into the downward trend that it had previously been in. So I will look for more bear entries on this pair during next week also.

Good stuff. This was a very fun week of trading for me. Feels very good to start back into my trading routine with a week like this.

Pip T

No comments:

Post a Comment