Wednesday 12 August 2009

Tuesday 11th August

Tuesday 11th turned out to be a good trading day despite the unexpected US Dollar strength which was a surprise in view of the pending Fed Reserve statement.

The GBP/USD Short didn't really perform and only produced 12 pips profit. However there were two other very good trades. USD/CAD Entered 10898 and Exited 10956 for 158 pips or if left to run and exited at 11040 for 242 pips. Also EUR/JPY Entered 13715 and Exited 13610 for 105 pips or if left to run with Exit at 13565 for 150 pips.

Hopefully today (Wednesday 12th) will prove our predictions right again.

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