Review
My target of 1.50 has been reached. After some wild up and down it finally made it. I did offload all of my positions with some nice gains and entered a small short at 1.5037 yesterday which I already closed again, maybe too early...
Analysis
Not only the 1.50 has been broken again but it moved quite a bit higher. There might be some consolidation now but I don't think that we see a significant change in direction. Next target would be 1.53 where I think it will take a deeper dive. For now I continue dip buying but more carefully.
Plan
I plan to reestablish some shorts above 1.50+ but will add longs below that level. Added already longs in the Aussie, Loonie and NOK plus Gold again.
Open trades
http://www.xaron.net/dl/fx/2009/ib/o...ons_221009.png
Prices
AUD/USD 0.9190
EUR/USD 1.4950
GBP/USD 1.6500
USD/CAD 1.0520
USD/CHF 1.0110
USD/JPY 91.30
USD/NOK 5.5980
Gold 1055
Silver 17.50
Oil 77.80
Dax 5720
Dow Jones 9910
Account Summary
Starting date: 08-Jan-09
Starting Balance: EUR 10,000
http://www.xaron.net/dl/fx/2009/ib/account_221009.png
My target of 1.50 has been reached. After some wild up and down it finally made it. I did offload all of my positions with some nice gains and entered a small short at 1.5037 yesterday which I already closed again, maybe too early...
Analysis
Not only the 1.50 has been broken again but it moved quite a bit higher. There might be some consolidation now but I don't think that we see a significant change in direction. Next target would be 1.53 where I think it will take a deeper dive. For now I continue dip buying but more carefully.
Plan
I plan to reestablish some shorts above 1.50+ but will add longs below that level. Added already longs in the Aussie, Loonie and NOK plus Gold again.
Open trades
http://www.xaron.net/dl/fx/2009/ib/o...ons_221009.png
Prices
AUD/USD 0.9190
EUR/USD 1.4950
GBP/USD 1.6500
USD/CAD 1.0520
USD/CHF 1.0110
USD/JPY 91.30
USD/NOK 5.5980
Gold 1055
Silver 17.50
Oil 77.80
Dax 5720
Dow Jones 9910
Account Summary
Starting date: 08-Jan-09
Starting Balance: EUR 10,000
http://www.xaron.net/dl/fx/2009/ib/account_221009.png