Chart of interest for week 17-Sep-2007 & Mid-month FX trade recap
September 15, 2007 – 10:59 amIt has been a nice week for Aussie dollar pair, and it closed the week well above 50-day moving average. Yes, I am still positive about Aussie, and still holding long position. In fact, I have increased my holding last week while cutting down losing position of USD/JPY.
Another chart that caught my interest is EUR/JPY.The pair managed to close above previous high, above down trend line and , also closed above 50-day moving average.
Here are my open positions now:
- Long AUD/USD, Entry: 0.8285
- Long AUD/USD, Entry: 0.8291
- Long USD/JPY, Entry: 115.88 (cut 40% of initial position size)
- Long USD/SGD, Entry: 1.5267
I had also made a couple of day trades on AUD/JPY and NZD/USD this week. So far, trading equity grows +5% this month.
From the desk of Tradergav.com
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