Sunday, December 23, 2007

Just in time for Christmas.

The last trade I posted here, long CAD-CHF paid just in time for Holidays. View the last post. Entry was intended to be at 1.1400 with a target of 1.1600. That's exactly what happened and a little faster than expected. Here is the chart

http://img67.imageshack.us/img67/1491/cadchfeditedgc1.jpg

(Click on the link to see chart)

Next on the agenda is NZD-JPY. I'm selling it on the open at about 87.00 or a little below. Depends on how it opens. I'm trying to catch a large move. First target about 84.50 and final exit about 82.50. I'm going to risk 250 pips or so.

http://img165.imageshack.us/img165/3269/nzdjpyeditedyy9.jpg

This is a large move, so it must be given enough time, 3 weeks seems about right as of this writing, but subject to adjustment as the prices develop.
Merry Christmas!
Granicus.

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