Wednesday, April 26, 2006

Short the Eur/Aud

I am going short the Eur/Aud today. Gold is breaking out as I typed this and I think I am going to take a small position long. I want to look at it a little further. If gold stays above $640 I will get in to the trade tonight, or maybe long the Aud/Usd.

Tonight could be a big move for the JPY I am thinking of placing an entry order sell 30 pips below current price on the Usd/Jpy to see if we can get into the trade and ride the strength of the Jpy.

Current positions are listed below. If I get into any of the other trades I will post an update.

Happy Trading.