Wednesday, February 21, 2007

Two new trades

I did leave some pips on the table yesterday. I used to get quite upset over this, but I have learned to forget about it. With the uncertain nature of the BOJ Statement yesterday I believe it was the right thing to do. On to the trades, we are now back to 2 lot trades:

EUR/CHF: almost stopped out last night, I am now looking for a decent exit as I believe this trade may never materialize.

New Trades:

USD/CAD: long@1.1600, s/l 1.1535, 1st tgt 1.1650, 2nd tgt 1.1690.

GBP/USD: long@ 1.9547, s/l 1.9460. 1st tgt 1.9590, 2nd tgt 1.9640. Will be watching the stop on this trade, may lower it a bit as this is a pretty tight stop on this pair.

Their are a few more pairs that The Grail is close to confirming, will keep everybody posted. Happy trading.

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