Wednesday, August 1, 2007

Day 14

Wednesday, August 1, Account Balance: $1,136.96

Today's trades:

4500 EUR/USD Long @ 1.36605
5300 AUD/JPY Short @ 100.945
5400 GBP/CHF Short @ 2.44122

Results so far:

GBP/CHF short stopped out for -23.8 pips
AUD/JPY short took profit for 51 pips

Both EUR/USD and EUR/GBP Long are still active, with EUR/USD u-.1 pip and EUR/GBP down 9.5 pips as of 10:47 PM eastern.

So for today I am up 27.2 pips, and hoping that the Euro strengthens during the night.

Looking at the 1 hour EUR/GBP chart, I see 20 day CCI is -99, full stochastic 19.2 and headed downward, and RSI is 38 and headed down.

Looking at the EUR/USD, 1 hour chart, CCI -2 -46 and headed up, stochastic 14.85 and headed up and RSI 44 but headed up.

So EUR/USD might survive but EUR/GBP looks like it will stop loss, so sad, but what can you do?

At least 1 take profit offsets 2 stop losses which I have today, and perhaps the EUR/USD can TP as well, which would be nice.

On a seperate note, please feel free to comment on the expirement or on how to imporve the blog.

Good night and good luck to all traders.

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