Wednesday, January 31, 2007

Closed position GBP/USD

Our position with cable closed this morning via automatic limit order at 3:30 when it hit my target of 30 pips but we actually made an extra 20 pips giving us a huge 50 pip profit.

We are currently also in the money with the EUR/USD short trade.

Overall there seems to be a bias to dollar strength mid and long term showing on the charts.

Since Sunday night we have made a whopping profit of 95 pips on our positons which are leveraged 100-1 by our broker.

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