Wednesday's Currency trade

Ok, again, I am going to reveal a 'trading secret'. 'Go long when market goes up.' Cool? :-D

Back to business. There were not too many opportunities today. I missed the short of GBP/USD, because I was busy having dinner :o: . I went long of AUD/CAD. Yup , again. I saw a stronger Aussie and weaker Canadian dollar. Exit the trade after waking up in the Melbourne morning before I am heading to work. Just a +25 pips trade.

Aussie is still looking strong, my gut feeling tells me it should continue moving for a little while. But well, too bad, I have to exit the trade now.

Here is the......CHART!

Comments

Historical comments are preserved here. New comments are closed.

  1. Hector
    LOL Gav, I took exactly the same trade :) Have a look here: http://www.hectortrader.com/2008/01/09/warming-up-the-engines/ Funny, isnt it? HECTOR
    1. Gav
      Yeah, I read your blog. Shall we say 'Great minds think alike' ? LOL.. Good trading. Gav
  2. Hector
    LOL Gav, I took exactly the same trade :) Have a look here: http://www.hectortrader.com/2008/01/09/warming-up-the-engines/ Funny, isnt it? HECTOR
    1. Gav
      Yeah, I read your blog. Shall we say 'Great minds think alike' ? LOL.. Good trading. Gav