Euro and Swissy Trade Review- 01/11/07

Trade Review for January 11, 2007:

EUR/USD

Buy at market (2960); Stop loss= 2920; Target= 3000; Target 2= 3025 (Originally posted on January 10, 2007)

Result: +40 pips

USD/CHF

Short at market (2440); Stop Loss= 2480; Target= 2400; Target 2= 2375 (100 SMA) (Originally posted on January 10, 2007)

Result: -40 pips. Although highly correlated with the Euro, the Swissy didn’t quite make it to my target of 2400 and proceeded to rally after Trichet’s dovish statements.

Total pips for the day: +0 pips