Wednesday, August 12, 2009

12th August








Positions Closed:
  • Countertrend GBPUSD short 220 Pips
  • Countertrend USDCAD long 350 Pips
  • Corn short 24 Points
  • Nasdaq 0 Points at Breakeven

Positions Opened:
  • EURUSD long
  • Corn long
I am trading now with following rules: Exiting Countertrend short trades after 3 lower highs, usually exit at or below 20 SMA, trend trades I only exit at new long entry signals. Vice Versa for longs.

Today was also a special day, I had to close the nasdaq short trade at breakeven because it rallied in front of the FOMC annoncement.

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