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July 24th, 2008 at 10:29 am

Waiting game.

AUD-NZD moved in the opposite direction and I moved my sell order just under last low- to 1.2775. If the price makes another high I’ll move the order again. That would be around 1.2870.

aud-nzd-2.jpg

I hope that is the case. My entry would be much more attractive, and hopefully, come a speedy conclusion.
So, while I wait I made another trade, GBP-CAD. I just entered it long at 2.0100.
gbp-cad.jpg

I’d like to see the price to run up by another 100-110 pips. I must stress that I’m not getting too attached to this position. I might close regardless of profit or loss before start of European Friday session. I strongly suspect there will be some strong moves in USD pairs, maybe EUR-USD? That’s what I really want to focus on.

Mike K.

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