Tuesday 15 July 2008

Dollar Under Siege and Yen-Crosses Sell-off Tuesday

European Session
No. of signal recommendations: 2
End-of-session results: EUR/JPY (-70 pips) and CHF/JPY (+10 pips)
Max potential: Over 35 pips

US Session
No. of signal recommendations: 2
End-of-session results: GBP/JPY (-70 pips) and AUD/JPY (-10 pips)
Max potential: -

100-pip System
Dynamic entries: 1
Current profit:
CHF/JPY +10

An action-packed day from the start of the Asian session, with the Euro rallied to a record high in London Session. There was no automated trade setup with the major pairs today.

We had only one 100-pip trade setup on one of the yen-crosses signals. I purposely missed out the rest due to the unimproved trade entry condition. It was the right decision as the yen-crosses were heavily sold-off later in the day.

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