Dec 12 - Dec 17, 2010

EURGBP short 0.8450 SL 0.8550 TP 0.8250

GBPUSD long at 1.5750 SL 1.5670 TP 1.5975

We still have the above trades active. We will begin the week tending to these trades.

Levaz

EURGBP short 0.8450 SL 0.8550 TP 0.8250

Trade stopped out at the revised Sl of 0.8430. The low liquidity indicates that there may be a reversal, but i am not sure whether the move is real of simply a reflection of little money making large moves.

GBPUSD long at 1.5750 SL 1.5670 TP 1.5975

Trade is doing well, we are currently 100+ pips in profit, with a peak of 140+ pips earlier today.
We expect the pair to breach 1.5900 in the next 24 hours, and hopefully our target within the next 48 hours or so.

Levaz

GBPUSD long at 1.5750 SL 1.5670 TP 1.5975

Move the SL to 1.5700. There may be a further move south, but it is very difficult to judge how far it will travel in these low liquidity markets.

I will not be taking any new positions till next year, so i may not post much till next year.

If I do not at all make it, i wish you all a very Merry Christmas and a Happy new year.
May the good Lord bless you and your families with prosperity and good health.

Levaz

GBPUSD long at 1.5750 SL 1.5670 TP 1.5975

Fortunate for the revision of the SL, we only lost 50 pips there.

While I mentioned above that I am not really interested in fresh positions, I will be taking a small 10K trade as under:

EURUSD short 1.3250 SL 1.3300 TP 1.3100

Levaz

EURUSD short 1.3250 SL 1.3300 TP 1.3100

Trade is in play. We went as high as 60 pips or so, but we are now around break even. Let us see how this one pans out.

Levaz