Trading The Global Markets With A Systematic Approach
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Trade: Long Euro @ 1.2860
2nd attempt to long Eur/Usd for the day. Will rest for the day if this trade does not turn out as desired. 30 pips will remain as my stop. First target remains at 1.2932.
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Remaining holdings in Ascendas has been exited at $1.68. Reason for this exit is due to 'event risk' in tonight's Lehman CDS holdings announcements. I will continue to look for opportunities to go long in EUR/USD or GBP/USD over the next 24 to 48 hours. Good trades to all.
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