Monday, July 13, 2009

A new trading week begins

Hi There,

Hope everyones having a good day. Again today I had some success trading the London open. I was at my desk for 6am ready to rock and roll! With the Pound very weak during the Asian session it provided nice opportunities with cable and euro/pound. I managed to bag 46pips trading both pairs. Below is the chart of cable











My 3rd trade of the day was actually long cable for 35pips. Its nice to bag the pips but I closed this way to early!











So three winning trades for the day gave me 81pips. However Im in 3 other trades today with a longer term view based on 4hr charts. At the time of writing these are 60 odd pips up. Im short eur/pound, long usd/jpy and long aud/usd. More than likely they will be running through the night and into tomorrow.

Later

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