My entry order triggered on the Usd/Zar, which as I said when I set the trade that I expected that it could be a troublemsome trade due to the fact the Zar is gold focus and all gold and silver trades are worthless until Wednesday or Thursday. The Usd/Chf gave a signal and seems to be trying to push down through support at about 1.2700. Now because of my delay in getting the blog set up and the numbers run, I got a better price than if I would have entered the trade right at close. If support can be breached here, the next level is down about 250 pips followed by another support about every 200-250 pips. This is a little aggressive as it comes to Fibonacci numbers but as a trending indicator and breaking below a support level, it works. Each Fibonacci breached can be an added entry point or an exit for profit taking.
The European union is announcing current account and trade balance, both expected to be good which should only encourage the chf to continue down. Canada is announcing interest rates which is also expected to move the Usd/Cad down further.
Current positions are listed below. This is the beginning of a new fiscal month So I will count month to date and since 3/22/06 starting tomorrow. Counting through today we are up 121% in 31 days.
