TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

Tuesday's trading

by Gav

I made two trades today. Long EUR/JPY which was later stopped out with -1R.  It was pretty choppy throughout the Asian session. Second trade was made during U.K session, Long GBP/USD.  It was a very slow and choppy trade. I left my stop loss order on and went to bed. I closed the position with +0.38 R around lunch hour of U.S session (2 am in Melbourne, Australia).

End the day with -0.62 R.

We have Aussie Interest rate statement released today. Most likely they are going to hold on with 6.5% at the moment.  General Election is coming soon, I am wondering what would the current government do with the economic rates and figures now. Interesting. :-p

Comments

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  1. Adventures In Money Making
    i closed out my long AUD/USD position today. (actually i'd bought FXA, which is an ETF that pays a 5.5% dividend) waiting for the AUD to drop on the rate freeze announcement before I jump back in.
    1. Gav
      FXA, interesting idea. I would have a look. I am still bullish about Aussie. Yeah, but it is all about timing now, to get a good entry point.
  2. Adventures In Money Making
    i closed out my long AUD/USD position today. (actually i'd bought FXA, which is an ETF that pays a 5.5% dividend) waiting for the AUD to drop on the rate freeze announcement before I jump back in.
    1. Gav
      FXA, interesting idea. I would have a look. I am still bullish about Aussie. Yeah, but it is all about timing now, to get a good entry point.
  3. Adventures In Money Making
    i was long AUD/JPY but closed out 2 weeks ago. should've gone short, dammit!
  4. Adventures In Money Making
    i was long AUD/JPY but closed out 2 weeks ago. should've gone short, dammit!
  5. Adventures In Money Making
    i'm expecting a pullback to the 83-86 cent range. at that point i'll probably move 40% of my savings into FXA. Long term i feel there's a good chance that AUD will achieve parity with USD - in 1980, it wil 1.20 so parity isn't too farfetched of an idea.
  6. Adventures In Money Making
    i'm expecting a pullback to the 83-86 cent range. at that point i'll probably move 40% of my savings into FXA. Long term i feel there's a good chance that AUD will achieve parity with USD - in 1980, it wil 1.20 so parity isn't too farfetched of an idea.

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