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10/07/2007 10:27:34 AM -0700
Yesterday, I decided to go ahead and
short AUD/USD at 0.8600. Thanks to
the housing data worries from the U.S.,
it brought all majors higher.
Euro, in particular, made a new high
against US dollar. Australian
dollar went as high as 0.8635 before
settling lower.
However, I did lower the stop loss to
0.8595 when it was trading at 0.8580 to
protect the profit. The stop loss
order was hit. I made 5 pips.
How about EUR/JPY? I thought
I'd wait for a day before I short it.
Bad decision. It tumbled from
168.36 to 166.60 before settling at
around 167.25. Had I picked EUR/JPY
yesterday rather than AUD/USD, I'd be a
very man today.
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Updated:
Sunday, October 07, 2007 10:27:34 AM -0700 |
