Trade Results – 12th Feb ‘09

POSTED BY Seeni on Feb 13 under Forex, Trade Results

Again, another uncertain day in the world of fundamentals, as i had no bias towards a day when the market is going to be snapping up or dumping our higher yielding currencies. There wasn’t any clear distinct direction with the Asian sessions, and only with the UK session, we saw both GU and EU break down. With the US session, EU broke down further but retraced pretty much to pre-US price level and GU was ranging as well. There are small but significant breakdowns with both pairs that i am watching; Eu and Gu. I will take the short as they come along but am cautious with the overall trend. We are getting squeezed in a tight range and should the break happen, it can be very profitable.

How did we do today?;

1) Eur/Usd

2) Gbp/Usd

Total trade for the day – 12th Feb;
Took 2 – Won 2, Lost 0 – 100%
Profit – 124 pips
Loss – 0 pips
P&L for the day – +124 pips
P&L for the month, Jan 2009 – +474 pips

Hope you had a good one,
Seeni

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