Wednesday’s Currency trade

January 10, 2008 – 6:48 am

Ok, again, I am going to reveal a ‘trading secret’. ‘Go long when market goes up.’ Cool? -D

Back to business. There were not too many opportunities today. I missed the short of GBP/USD, because I was busy having dinner o : . I went long of AUD/CAD. Yup , again. I saw a stronger Aussie and weaker Canadian dollar. Exit the trade after waking up in the Melbourne morning before I am heading to work. Just a +25 pips trade.

Aussie is still looking strong, my gut feeling tells me it should continue moving for a little while. But well, too bad, I have to exit the trade now.

Here is the……CHART!

From the desk of Tradergav.com


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    2 Comments »

    Comment by Hector
    2008-01-10 19:44:19

    LOL Gav, I took exactly the same trade ) Have a look here: http://www.hectortrader.com/2008/01/09/warming-up-the-engines/

    Funny, isnt it?

    HECTOR

    Reply to this comment
    Comment by Gav Subscribed to comments via email
    2008-01-10 20:14:16

    Yeah, I read your blog. Shall we say ‘Great minds think alike’ ? LOL..

    Good trading.

    Gav

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