You Are The Worst dot Com

It looks like during overnight and New York sessions, the Yen gained in strength and with oil prices declining, the Canadian dollar lost strength however it did break in to the $91.00 region. The American dollar got pounded by the other majors (Euro, British Pound, Swiss and Yen) after reports from Chinese officials looking to diversify its $1.4 trillion currency reserves into stronger currencies, and explicit mention of the euro sent the single currency flying to fresh record highs. This in turn also gave the US equity markets their continued recent declines on a sharp rise in global risk aversion, with the Dow Jones Industrial Average a sizeable 200 points lower to 13,465.

Positions from yesterday:

CAD/JPY – trailing stop loss of 100 hit giving a profit of +186 pips.

NZD/USD – trailing stop loss of 80 pips hit gaving a profit of +91 pips.

EUR/JPY – stop loss of -34 pips hit after going up +35 pips.

Positions still open:

EUR/CHF – short at 1.6692, stop loss is at break even and up 81+ pips.

•Two Positions Taken – Jan. 15/08

•Forex Positions for Today. (Nov. 6, 2007)

•Lots of volitility = great gains.

•Free Forex Course and Updates to Positions.

•Back from the Dead; Update on Trade Status’.