Monday, September 12, 2011

FX Trade Diary 12 Sept 2011

A fresh start to the trading week, hopefully it will be the time to recover my losses on Friday.

EUR/USD


0428 hours :

Chart clean up. Waiting for a clear retracement, somewhat similar to the GBP/USD setup.

GBP / USD


0435 hours :
Chart clean up.
2350 hours :

Prices look like it will bounce off 1.572-1.579. The demand zone looks too wide and it's hard to tell whether the trade will work or not. I will be interested in a buy to 1.597.


USD/CAD


1934 hours :
My pending sell order at 1.0025. SL 1.0065. TP 0.775 triggered. It manually closed out the trade for +58 pips went the price stall to stall near 0.996. I will be still interested in shorting at 1 - 1.0025, so I re-entered the order.

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