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Wednesday, December 30, 2009

Looking Good So Far...

So the small short I attempted was unsuccesful, and rightly so as it was an impulse trade.

-31 pips

However, the trade which I had planned has behaved well thus far. Price spiked on the retest of the broken neckline and broke pretty hard into the 16:00 GMT price fix. Word was that there was a large imbalance of excess sellers and events unfolded accordingly.

Price traveled to a low right near .8900 and subsequently bounced. A bomb scare in Times Square squeezed the dollar bringing the AUD right back near entry, but it seems as though that is subsiding now....

I'm moving my stop down 25 pips to .9052 to take some risk off the table.

Unrealized P/L: +39.5 pips


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