Thursday, July 29, 2010

Yesterday recap and News

So what happened yesterday?

first lets look at the trades and orders:

My Euro trade hit the profit level of 1.3040. Euro was pretty much rangeing all through yesterday, so my strategy for this trade went quite well.

I also came out of my USDJPY position by taking a profit on the downside around 87.20 area, as was expected dollaryen dropped down.

Now lets take a look at what to look out for today:

we have the net lending to individual report coming out at 8.30am GMT from the BOE.

In the Eurozone, we have the industrial, economic and consumer sentiment indices at 9am GMT.

The U.S has their weekly unemployment claims at 12.30pm GMT.

overall, yesterday was a very ranging and dull market, with very little movement.

Today my game plan will be the same, play the range, with a close stoploss in case of a breakout.

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