Saturday, 20 March 2010

Risk off

Correlation is back as risk aversion trades come back into play. Usd and Yen rallying as a result with Gold Silver Aud and Cad falling hard. Looking to sell Aud/Jpy on break and close under hrly 300 lwma, stop above  days highs to start with 82.21 then 81.26 as targets.
 Remember as this is an ma trade wait for the hourly close.
Sold some Aud/Jpy 82.75..although i didnt get the close both gbp and eurjpy looking  to  go lower so i have  sold 1/2 position to begin and will add or close on next hourly close. stop 83.25. tgts as above

No comments: