Tuesday 25 August 2009

Monday 24th August

This turned out to be quite a reasonable day for a Monday with a total of 117 pips from four trades.

The GBP/USD Long trade was the best of the bunch Opening at 16474 and Closing at 16508 for a total gain of 34 pips. The USD/JPY was a bit of a disappointment as it looked to be heading for a good trade until it turned against us - so had to get out for very little gain of only 3 pips.

Tuesday 25th looks promising although one or two pairs may only have a short initial retracement before fulfilling their potential. Could be quite an interesting day.

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