Monday, January 5, 2009

Currencies and treasuries

30-year futures not looking too good.

TBT has been strong lately. Red line is where I got in.

Shorted some USD/CAD last night. Looks pretty toppy. While I'm writing this it broke that trendline.
Also shorted some EUR/USD
Here's the hourly. Had important support at 1.3850 that was getting tested.
The small red line is where I shorted. I initially put on the trade to play the range, but I thought there was a good chance it would break.
Here's EUR/CAD which looked toppy.



I'm trailing my stops but not too aggressively, I think these can be longer trades.

Last night I went through a few hundred stock charts and found some great setups. I'm just watching for now, but there is a lot of opportunity out there.

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