Thursday, May 17, 2007

Double Top?

Still trading gbp/jpy today, looks like getting comfortable with range trading. Have to re-adjust lots when trading real money. As for eur/chf,now stalled at 6550-ish level. Stopped out of gbp/usd trade(-130pips)

Gotta luv chart patterns, a possible double-top forming on gbp/jpy? one must be mindful of various signs/patterns when navigating thru the webway. Been an excellent week so far, will watch this pair tomorrow.

As for news, went in with the Loonie vs Yen. News came out good fr canadian dollar. Ka-ching.

Result: +728 pips

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