Wednesday, May 7, 2008

Evening update.



EUR/USD Broke down as expected. I got in exactly at the right moment. Here is an updated 4 hr chart. There is no real resistance till 1.49. I will hold this position as long as I can while locking in profits along the way. Currently up around 35 points, and have 25 locked in.

USD/CHF Broke out also. I expected these to happen earlier in the day. I entered this position with the break of resistance a short while ago. I have started off with a very small position because this pair did fail me earlier in the day.

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