Wednesday, May 16, 2007

Day of mixed data

Got stopped out of my eur/chf, was shorting that pair. Already on all time high and went past 1.6535 resistance. Will look if the pair can sustain that break.

UK data today, traded gbp/jpy & gbp/usd during evening - pound slumped data came out weaker than expected , covered earlier loss with a bit of profit.

Got excited, came across news trading method(in malay!) from some trade forum, couldnt test/find any opportunities during US news, did nothing, im not too convinced to get in this time. Will wait for next one. This has tested my patience to a higher degree.

Result: +60 pips

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