The market is swinging around quite a bit
09:08 2007/04/23

The market is swinging around quite a bit, but the underlying US dollar down-trend remains in tact. Positions are reduced but still looking for another break lower in the US dollar across the board.

At the moment I am traveling until Thursday, so it is just the Currency Trading report until then I am afraid. There will not be any report on Wednesday, but tomorrow??™s CT will be designed for the two day period.

Trust the markets will continue to be kind, and we must always remember we are about on-going long term success,

Currency Trading

TACTICAL Points are for April

EUR/USD 1.3590 +211 pts
Long 2 units 1.3349, Profit stop loss 1.3581
Long 2 units 1.3629, stopped 1.3591
Buy 2 units on stop 1.3629, stop loss 1.3571
Buy 2 units on stop 1.3669, stop loss 1.3611
Sell 2 units on stop 1.3521, stop loss 1.3569

GBP/USD 2.0030 +675 pt
Long 2 units 2.0059, stop loss 2.0001
Buy 2 units on stop 2.0079, stop loss 2.0021
Sell 2 units on stop 1.9921, stop loss 1.9979


USD/YEN 118.65 -18 pts
Buy 2 units on stop 119.29, stop loss 118.71
Short 2 units 119.21, Profit stop loss 119.09


EUR/YEN 161.30 +148 pts
Long 2 units 161.79, stop loss 161.11
Buy 2 units on stop 162.29, stop loss 161.61


EUR/GBP .6785 -35 pts
Buy 2 units on stop .6819, stop loss .6781
Sell 2 units on stop .6731, stop loss .6789


GBP/YEN 237.50 +227 pts
Buy 2 units on stop 238.39, stop loss 237.21


AUD/USD .8350 +349 pts
Long 2 units .8369, stop loss .8321
Buy 2 units on stop .8389, stop loss .8351
Sell 2 units on stop .8271, stop loss .8319


NZD/USD .7460 +695 pts
Long 2 units .7459, stop loss .7411
Sell 2 units on stop .7351, stop loss .7389


AUD/YEN 99.00 +314 pts
Long 2 units 99.49, stopped 99.01
Square


1 unit = 50% of Initial Account Size
e.g. for a $100,000 account,
1 unit = $50,000 position
2 units = $100,000 position

STRATEGIC

EUR 1.3590
Bullish at 1.3369, Profit S/L 1.3521
Sell at 1.3431, S/L 1.3489


GBP 2.0030
Bullish at 1.9739, Profit S/L 1.9931
Sell at 1.9441, S/L 1.9499


YEN 118.65
Buy at 120.29, S/L 119.51
Bearish at 118.71, S/L 119.29


EUR/YEN 161.30
Buy at 161.99, S/L 161.31


AUD .8350
Buy at .8389, S/L .8291
Sell at .8261, S/L .8299


NZD .7460
Bullish at .7479, S/L .7401
Sell at .7351, S/L .7399


CHF 1.2080
Buy at 1.2179, S/L 1.2121
Bearish at 1.2181, Profit S/L 1.2119


CAD 1.1235
Buy at 1.1499, S/L 1.1421
Bearish at 1.1531, Profit S/L 1.1319


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