Current positions, 3 new potential trades

We were taken out of all but two trades but still doing well and locking in more profits. The new trades are interesting. We were in the Gbp/Jpy until stopped out yesterday, the pullback became a retracement and gave a short signal today. This is surprising as oil broke through $75 for the first time in history. This tells me that we definitely have strength in the yen and the Usd/Jpy trade should continue to run. The dollar looks to continue weakening, the Swedish National Bank dropped the USD holdings nearly in half. I am expecting a continue run on the Usd/Cad as well.

Gold pushed back to near the close two days ago, making up the majority of losses from yesterday. Surprisingly, my system is giving a buy signal but I am still not comfortable with this kind of a move. I want to see another day or two before buying gold or silver. The Usd/Zar gave a short signal, the rand is highly correlated to gold as well. I have placed an entry order at 6.0019 to try to get a better price or miss the trade entirely, just because this gold volatility is making my indicator act unusual.

Time will tell but things are still going well.

Happy Weekend.
Blake Young
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