FX MoneyMap - 14/10/08

Strength and how to lose....

Long Pound 1.75362(04:21), Closed 1.75412(04:22), Profit 5 pips
Classic vanilla trade. Pound strength across the board - Euro, Yen and Dollar. Leading 1 minute green box and 4 clear columns to 1.7541. Only used small position size because there had not been a NY session since the weekend.

Long Aussie 0.71052(04:38), Closed 0.71062(05:08), Profit 1 pip
Classic vanilla trade. Dollar weakness across the board. Leading 1 minute green box and 4 clear columns to 0.7123.

Dollar weakness started to fade shortly after entering but price stayed above the other green boxes and eventually the Dollar weakened again. This trade did not do what I expected and I therefore moved the limit down from 0.71212 to 0.71062 for a token pip!

My sentiment didn't change so I stayed in. Price is currently at 0.71718.

Long Euro 1.37094(06:26), Closed 1.37264(06:28), Profit 17 pips
Classic vanilla trade. Euro strength (apart from EURAUD) across the board. Leading 1 minute green box. 4 clear columns to 1.3728.

Short EURJPY 139.675(10:34), Closed 139.465(10:37), Profit 21 pips
Classic vanilla trade. Yen strength across the board. Leading 1 minute green box. 4 clear columns to 139.11.

Morty Sill