Wednesday, May 02, 2007

SELL TO OPEN EUR/CAD AND BUY TO OPEN USD/JPY

Due to the buy signal received for the USD/JPY pair, my "buy" was at 120.18 today. The intent is for the pair to rise in price so I am "buying to open" my trade.

Due to the sell signal in the EUR/CAD pair, my "sell" was at 1.1514 and I am hoping for the pair to fall in price. I and "selling to open" the pair and want to "buy to close" at a lower price to make a profit.

I am sitting back on the TS trade as the markets today are showing a powerful move up. Let's wait and see.

Good luck trading.
JD


INFO FOR ME:
GLOBAL INTEREST RATES; NZD 7.5 > AUD 6.25 > GBP 5.25 = USD 5.25 > CAD 4.25 > EUR 3.75 >CHF 2.25 > JPY 0.5

38631529 FM, 38623275 FM, 38627642 FM, 38628670 FW, 38630224 FW, 57692517, 24491787, 24491775, 24491790, fx 10060819

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