Trade Review for January 4, 2007

By Big Pippin

January 7, 2007 9:57 PM UTC in Technical Analysis

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Trade Review for January 4, 2007:

EUR/USD

Short Trade: Short at 3020; Stop at 3040; Target= 3000

Result: +20 pips

GBP/USD

Short trade: Short at 9390; Stop Loss= 9405; Target= 9375; Target 2= 9350

Result: +40 pips

USD/JPY

Short at market (118.50); Stop at 119.70; Target= 117.60

Result: Currently up +15 pips. Targeting 117.60

Total pips for the day: +60 pips

About Big Pippin

This is the true story of one man, picked to live in front of his computer screen and find ways to make money from trading money. See what happens when markets stop being polite and start being real! Using charts, I show how current currency price action is playing out and chart patterns forming.