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10/07/2007 10:27:33 AM -0700
Last night, I decided to short AUD/USD
at 0.8850 with a limit order but doubled
the trading size. My decision was
based on the momentum divergence and the
CCI falling below +100.
The order was filled at around 12:44
AM Pacific Time today. I set the
target and stop loss for 100 pips.
It is a good day. The
take-profit target, 0.8750, was hit at
11:03 AM Pacific Time. 100 pips
profit.
However, the market continued to push
the Aussie down. It was way over
bought for a long period of time.
To my surprise, it went as low as
0.8660.
I am now eyeing at EUR/GBP, a
potential long candidate. I will
enter a limit buy order at 0.6690 to see
what happens.
Daily AUD/USD
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Daily EUR/GBP
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Last
Updated:
Sunday, October 07, 2007 10:27:33 AM -0700 |
