Wednesday, June 20, 2007

The Loonie

Cable made good runs last 3 days and wiped 1.9900 resistance after MPC minutes. Will it make it back to 2.0000? The beast however continued its way up to 246.50!! only made 1 trade, gbp/usd but position was triggered late and got a price at 1.9923(set at 1.9910) only to find myself in an uncomfortable situation to clear 9920 level, ended up 9940 till NY closes, and fell back to 9904 during asian session. Was stopped out at breakeven point. Ok didnt lose money.

Canadian retail sales report out later, so today im going to give cad/jpy another try, if the number comes out stronger. Long at 115.70, SL 115.38, Tp 116.30(prev high), hopefully no more blackouts today, it did again last night! twice!

Report came out weaker than expected, trade cancelled.

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