Tuesday, August 10, 2010

#4


#4: Anddd the euro moved even higher...i had my weekly pivot at 24 area, and sure enough we got yellow and a stall just above at 25/26..i shorted at 24 and held knowing this would probly be a key area...exit was at 19 probly calling it a session

#3


#3: Should have held that last buy as we kept pushing higher...missed the yellow around 94 but took the stall above 00...it came around 08 so i hopped in the short at 06 looking for a few as the price bounced back a bit

Interest Rate Statement


Didn't trade this morning as I knew the interest rate statement would provide some nice moves in the afternoon..therefore I worked at the marina in the morning so I could be around the computers in the afternoon..anyway here goes:

#1: A huge spike up after the announcement..once the move looked a bit exhausted I shorted on price action (pause and step below the tma)...out for a few 77 to 74

#2: After the huge move up was expecting some continuation...hopped in at 50 and it hovered here for a bit before breaking back up..love these trades as they are smooth sailing..50 buy and a 67 exit