Wednesday, July 26, 2006

AAPL position running extremely well. A pullback at this point would be welcome to add on. Moving my stop to 61.97.

AUDJPY broke through my stop and kept running. This is a genuine breakout that I'd continue to short on fundamentals, but I'm compelled to go long on the technical strength. From dailypfennig.com:

The Australian Dollar rose to its weekly high overnight as speculation the central bank will raise interest rates next week pushed it up. The Aussie should continue to rally today as a report overnight showed consumer prices rose at the fastest pace in almost six years in the second quarter, breaching the central bank's inflation target. Annual inflation is now running at 4%, well above the 2 - 3% band Reserve Bank Governor Ian Macfarlane is ordered to keep it within.

I'll buy a 5 lots long, half of my short. Shorting 10 EURUSD as well.

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