Thursday, August 5, 2010

Update on trade - Asia session closed

Asia session has closed!

Euro is rallying up and so is the cable. Aussie has been sideways and yen has been rangeing.

in my opinion the rally is just the currencies getting back into the trend. I'm still cautious though of entering these currencies at the moment. I'll wait until after the ECB and BOE decisions, to see which direction the market heads.

As for my dollar-yen. Well the yen is pushing lower against me at the moment, pretty sure my stoploss will get hit soon. Sold much later than i should have.

Lets see how the rest of the evening goes during parts of the Europe session

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