I’m referring to the Olympic Games, the opening ceremony to be precise. It’s not my intention to get into the details here, since everybody watched it, by it was sensational. The show was truly over the top and on a mind boggling scale. By the way, if you decided not to watch, check your pulse, because you are probably dead. A slight exaggeration, but you missed out.
Business of trading goes on. I still maintain a trade from last week. If you recall, that was a long position in CAD-CHF. My last post took place couple of hours before Friday closed. Over that stretch market moved my way, and currently my position is about break even.

I still look for about 50 pips, or 1.0195-1.0200 level.
While I wait for this trade to come to a conclusion, I’m entering another one, in AUD-NZD. Plan here is to buy at market right after the open. Expected entry should be 1.2615-1.2620. Rough target is 1.2700-1.2710, while estimated stop loss is about 50 pips.

If there is a big gap UP, trade will be entered if the gap is filled within 24H. Should there be a gap DOWN at the open, trade is cancelled.
There is a lot more going on, but I don’t want to crowd these pages with excessive trades. Also, I think there will be some noticeable slow down happening later on this week. And most of all, one should put aside some time to watch the games.

Mike K.