19 Nov 2007
1. Current Positions:
Long at 2.0730, paper loss
Long at 2.0520, paper gain, TP altered to 2.0650
Short at 2.0400, paper loss
2. Position to open today.
I will not be opening any position today. I have 3 transaction still open.
3. Personal Expectation:
To watch how EMA5 on the daily chart perform today. May have to abandon short position, should EMA5 sailed pass EMA55 and head close to EMA21. GBP has always a better state to strengthen against the dollars, as Fed may not necessary raise interest rate this time round. The last time when Fed cut interest rate, the dollar strengthen.
Support line at 2.0400 and resistance line at 2.0680
Long at 2.0730, paper loss
Long at 2.0520, paper gain, TP altered to 2.0650
Short at 2.0400, paper loss
2. Position to open today.
I will not be opening any position today. I have 3 transaction still open.
3. Personal Expectation:
To watch how EMA5 on the daily chart perform today. May have to abandon short position, should EMA5 sailed pass EMA55 and head close to EMA21. GBP has always a better state to strengthen against the dollars, as Fed may not necessary raise interest rate this time round. The last time when Fed cut interest rate, the dollar strengthen.
Support line at 2.0400 and resistance line at 2.0680
posted by Ernest Seng at 9:21 AM
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