Magpie Trader
Monday, October 10, 2005
10/10/05
Aussie trade from last week stopped out for:
+14
Long USD JPY 113.81 SL113.55
Short stop at USDCAD 1.1742 -it may rise through the pivot, but real resistance at 1.1785 area and don't want to miss the short.
EURJPY is looking like a long, but will wait for a proper signal before entering.
edit: just gone long EURJPY at 138.13 SL137.90
It's a new month and the euro and cable have put in a positive week last week, which statistically gives an indication that this month will end positively. The euro in this session has made an A up and gone through the daily pivot and is also currently above the 3 day pivot range. Cable is yet to follow through and is buffering the daily and 3 day pivots. EMAs are up but both have put in the projected highs for today. Will sit aside till a signal appears.
+14
Long USD JPY 113.81 SL113.55
Short stop at USDCAD 1.1742 -it may rise through the pivot, but real resistance at 1.1785 area and don't want to miss the short.
EURJPY is looking like a long, but will wait for a proper signal before entering.
edit: just gone long EURJPY at 138.13 SL137.90
It's a new month and the euro and cable have put in a positive week last week, which statistically gives an indication that this month will end positively. The euro in this session has made an A up and gone through the daily pivot and is also currently above the 3 day pivot range. Cable is yet to follow through and is buffering the daily and 3 day pivots. EMAs are up but both have put in the projected highs for today. Will sit aside till a signal appears.
// posted by Magpie @ 9:36 pm 
