Tuesday, March 20, 2007

W2: Tuesday

We bounced back a bit, which makes today the QRF system's first profitable day! Yay! I have an open trade on every pair except AUD/USD, which invoked rule 2 by stopping out twice.

AUD/USD: -
EUR/USD: +
GBP/USD: ++

USD/CAD: ++
USD/CHF: -
USD/JPY: +

Bottom line: +47.51 today for a weekly net of -167.27. Hey, it's a start.

I had a busy day today, so I wasn't able to trade as often as I otherwise might. It doesn't look like I missed much. The market seems very quiet for a Tuesday. Indeed, several pairs have consolidated today, notably EUR/USD, GBP/USD, USD/CHF, and USD/JPY.

I guess investors are waiting for tomorrow's scheduled Swiss trade balance report and Trichet's speech. If so, I should wake up tomorrow morning with results on the five pairs still trading now. I may need to keep an eye on how choppy the markets get, but if I have to sit out tomorrow, I may as well call it a week. There's significant news expected tomorrow, and the Fed Heads are supposed to bump their gums Thursday.

I may just let it ride.

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