Forex Scorecard

Posted on Do 17 Juli 2008 in misc • 1 min read

My positions took a slight tumble yesterday after oil dropped like a rock but then they firmed up. That little pull back triggered two of my three limit orders and I added to my EURUSD and USDCAD positions. I'm still short USDCAD, long EURUSD, and long AUDUSD.

Like I posted before, I expect the Euro to break $1.70 and the Aussie Dollar to hit parity soon. Here's the profit/loss summary so far:

  • AUDUSD +116 pips
  • EURUSD +122 pips
  • USDCAD +41 pips

In my opinion, yesterday's "rally" is likely to be short lived and I'm staying short the USD.