Good morning!
Review
As I turned on the screens this morning the Euro already was on the way to 1.50. Gold is at 1,130. Wow. Now that lifts my account a huge way up as I'm quite leveraged especially in the Euro.
Analysis
We'll see if we make it through 1.5060 this week. I believe so. Nothing new so far. Looks like the stock markets will have another good week and one has to ask how long this can continue? I don't think we will see a huge drop this year anymore but I expect some profit taking in the last week of November due to hedge fonds closing their books.
Plan
Cash in some profits at 1.50x levels and above. See my TP levels below
Open trades
http://www.xaron.net/dl/fx/2009/aud/...ons_161109.png
Prices
AUD/USD 0.9350
EUR/GBP 0.8950
EUR/USD 1.4990
GBP/USD 1.6750
USD/CAD 1.0450
USD/CHF 1.0070
USD/JPY 89.50
USD/NOK 5.5600
Gold 1132
Silver 17.80
Oil 76.50
Dax 5760
Dow Jones 10340
Account Summary
Starting date: 03-Nov-09
Starting Balance: $5,000
http://www.xaron.net/dl/fx/2009/aud/account_161109.png
Review
As I turned on the screens this morning the Euro already was on the way to 1.50. Gold is at 1,130. Wow. Now that lifts my account a huge way up as I'm quite leveraged especially in the Euro.
Analysis
We'll see if we make it through 1.5060 this week. I believe so. Nothing new so far. Looks like the stock markets will have another good week and one has to ask how long this can continue? I don't think we will see a huge drop this year anymore but I expect some profit taking in the last week of November due to hedge fonds closing their books.
Plan
Cash in some profits at 1.50x levels and above. See my TP levels below
Open trades
http://www.xaron.net/dl/fx/2009/aud/...ons_161109.png
Prices
AUD/USD 0.9350
EUR/GBP 0.8950
EUR/USD 1.4990
GBP/USD 1.6750
USD/CAD 1.0450
USD/CHF 1.0070
USD/JPY 89.50
USD/NOK 5.5600
Gold 1132
Silver 17.80
Oil 76.50
Dax 5760
Dow Jones 10340
Account Summary
Starting date: 03-Nov-09
Starting Balance: $5,000
http://www.xaron.net/dl/fx/2009/aud/account_161109.png