Sunday, 17 May 2009

MY TRADES ON ZULU: WEEKLY SNAP SHOT



I'm looking forward to this week, last week we got a couple of retracements which i am happy about. I used the opportunity to close out my USD/CAD positions and re-entered new shorts @ the 1.1700 zone. This might be an early entry as the risk is 1.1900, this is were i expect it to terminate. I'll build positions as PA heads towards that zone. My bias for this pair remains bearish

I also used the retracement in geppy to close out my longs and i did re-enter @ 144.50 but got stopped out. I'm looking to re-enter at the open of the weekly candle, my stop loss will be 100 pips from the last low. My bias remains bullish, retracemnet for me is over, the bears have had their fun.

My EUR/AUD trades are still open and i don't intend to close them unless i get a daily close above 1.8100. My bias remains bearish.

I still have EUR/USD longs and have closed a couple of lots during last week retracement. My bias remains bullish. Looking to add more longs around the 1.3350 zone.



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