Happy v-day to everybody, I hope it is a good one. The EUR/AUD trade is a bit in the red as we speak. This one could get a little dicey. I may move s/l up to around 1.6900. I have a feeling it may spike before heading back down, kind of like the USD/CAD trade last week. I am going to play this one by ear. Today we have to trades:
GBP/JPY- long@ 237.09 s/l@ 235.15 1st tgt pt. 238.25, will then move s/l to 237.39 with a tgt pt @ 239.25. ****REVISION*** s/l moved to 234.60, just under the 50% retracement from the 228.05 to 241.49 move up.******
EUR/CAD-long@ 1.5302 s/l 1.5198 1st tgt pt. 1.5350, will then move s/l to 1.5312 with tgt pt. @ 1.5402.
I am also watching GBP/USD very closely as The Grail is on the verge of giving a signal, looking for a retracement down into the low 1.95's where I will go long with a tgt pt. @ +1.9700.
Remember these are my trades, please use caution when trading. Forex is a very volatile market and in know way am I responsible for any gains or losses that may be incurred while following my trading style. As always Good Luck!
Wednesday, February 14, 2007
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