Thursday, November 29, 2007

USDCAD short at market

USDCAD short at market, target 0.9800 stop-loss: 0.9935


Thursday, November 15, 2007

USD/CAD Long Exit

USD/CAD Exit Long , because of the heavy resistant:
38,2 Retracement and 50 moving-average
Proft: +50 pips



Wednesday, November 14, 2007

USD/CAD Long

Buy USD/CAD because of a bullflag on the one hour chart and the 5 min. chart.
Target 1.0000
Stop-loss: 0.9450

and remember: trading currenies involves financial risks

Sunday, November 11, 2007

USD historical lows

Because of the historical lows of the USD the question arises, if Central Banks around the globe will intervention to stem the decline against other major currencies.
If we have a short look at the chart, we can see in DX Z7 (US DOLLAR FUTURE DEZ.07) a bearish falling gap. If we see another historical lows (<75.10) the minimum target will be 72.00, but if we will see in the next few days an upside gap, than opportunities on the long-side will be seen. I don't think that what we see in the chart below is an trend reversal pattern. I think the USD will continue to weaken.


And remember: Trading currencies involves financial risks and is not appropriate for everyone.

Friday, November 9, 2007

Update USD/CAD

close long USD/CAD position @ 0.9400
our profit: +250 pips within 48 hours


Thursday, November 8, 2007

Update USD/CAD

nice profits: 180 pips within 24 hours
close half of the position and the new stop-loss 0.9190




Wednesday, November 7, 2007

USD/CAD Long target 0.9500

USD/CAD Long traget 0.9500 stop-loss 0.9050

and remember: trading involves financial risks

Sunday, November 4, 2007

my current Watch List - long only

The following Shares are in my Watch List (only longs):

USO - United States Oil Fund
TRA - Terra Industries Inc.
TXT - Textraon Inc.
RMDX - Remotemdx Inc.

all shares are very bullish, but the liquidity is very low, so only trade with linits and stops