As I type, the NZDUSD long position (stop is 8108 and entry was 8190) is in danger. Potential support on a break comes in at 8080 and 8011.
The GBPUSD short has fared quite well. Half of the position was exited at 16010 on Friday and the other half remains in progress with a 15900 objective.
I am short AUDNZD from yesterday with a 12700 stop and 12490 objective. Entry was 12642.
The AUDCHF long was exited last night for a small gain. This may have been a mistake as price is currently about 20 pips above my exit.
To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter @JamieSaettele
Subscribe to Jamie Saettele's distribution list in order to receive actionable FX trading strategy delivered to your inbox once a day.
Meet the DailyFX team in Las Vegas at the annual FXCM Traders Expo, November 2-4, 2012 at the Rio All Suite Hotel & Casino. For additional information regarding the schedule, workshops and accommodations, visit the FXCM Trading Expo website.
