14 Mar 2008

I was not free to place trade for today until now (1630 SGT)

GJ
Added another long position to my collection.

I believe, it will be a matter of time before this pair do a big big run and hopefully up. The US economy is confirm going into a recession. Even Fed will to cut interest rate next week, it will further push the GBP up. US is the biggest economy. JPY is the second. It cannot miss that cold. Therefore, comapring who will get worst - UK or Japan, my bet is on Japan.

Now I have 213. 212.2, 211.2, 208.1, 206.65, 206.2 and 203.9.

I am placing another long at 203.1

GU
All is waiting, GU is consolidating. It attempted to hit the Fib retracement at 2.0475 and managed to cling half way.

My short position was filled at 2.0375. TP not hit at 2.0275, but vlose trade at 2.0375 (+40 pips profit)

How Gu will move today, CCI show down, but seemed that GU refuse to move down. Feb cut will boast the up movement.

Therefore I placed a long limit order at 2.0227 (EMA100 1 hour chart), TP 2.0312 (EMA21 1 hour chart)

I also place a short limit order at 2.0352 (around peak for yesterday and today), TP 2.0273 (EMA55 1 Hour chart)

I still have one short position open at 2.0197 (paper loss).