Monday, January 25, 2010

Let the pain begin!

We've started out with two trades being triggered so far.

Long 326 GBP/USD at 1.6227 with stoploss at 1.6074
Long 256 GBP/JPY at 146.60 with stoploss at 144.65

Neither trade has wandered more than 20 pips or so away from its breakout point... so far. None of the other trades look close to getting triggered. This is typical behavior of this strategy, especially in light of last week's wide ranges. There is some potentially market-moving news due out tomorrow... including the possible re-hire of that vicious bearded charlatan Ben Bernanke as head of the fetid Federal Reserve.

Current account equity: $200.68

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