A 50 pip risk for a 100 pip reward on Eur.Usd. All our ducks lined up nicely for a sell on Eur.Usd earlier today. This was my last trade for 2009. Best wishes to everybody and here is wishing you all a happy and profitable 2010.

What is your trading goal for 2010? How many pips or pounds would you like to be making on average per month? Whatever the amount is split it in half right now! Why? Because now you are breaking your goal down into smaller more measurable parts. If you can make 50% of your overall goal you will know you are doing good. By seeing the progress you are making towards your goal it will keep you focused and help make your overall goal more achievable.

Usd.Cad - current price is above the 240min sma but below the 60min sma. I would fancy buying this pair if/when all my ducks line up. Profit Target would be 1.0820.

I'm keeping a close eye on Usd.Cad as a move below the 240m low would have Usd.Cad bears back in control and price would be moving in the direction of the longer term trend once again.

The 1.50 level on Eur.Usd is going to be an interesting level to watch. I have exited my Eur.Usd long position for a profit of +285 pips. I am now cautious of buying this pair until I see what happens around the 1.50 level.

The 4 hour trend on Gbp.Usd has been down for the past few weeks so I've been hunting for selling oppertunities when our ducks line up. We got a very nice selling oppertunity a few days ago which has worked out really well. An 80 pip risk for a 160 pip reward.

The 4 hour trend on Eur.Jpy is still down. I will be looking for selling set ups on this pair when my ducks line up. Possible stop loss location could be above the 4 hour highs and targets could be towards the 4 hour low and even lower.

Buying the Aussie Dollar against the US Dollar has certainly been profitable in September (and for the last 7 months .... ) I normally close out some of my positions at the end of the month and I'le gladly take +410 pips of profit from the above Aussie Dollar trade.

I'm short Eur.Jpy from earlier this morning, it was a pending order that was trigger while I was still in bed :-0 I have moved my stop loss to breakeven on this trade and I'm going to give it the oppertunity to move further south (hopefully). I dont normally move my stop loss to break even but on this ocassion I'm willing to try it. Im currently up +65 pips and its a sunny Friday afternoon in Dublin so Im off to have some fun!

UPDATE: OK I'm back from cutting my grass and I'm glad to see the Eur.Jpy trade is now up +140 pips. Time to take the profits, I'm now flat in the market, have a good weedend, Andy.

An ugly trading day today with a fair bit of volatile movement on some currency pairs. The GBP.USD currency pair has been trending lower recently so Im only really interested in selling in the direction of the trend on this pair when my 3 ducks line up. We did get a selling oppertunity earlier on today in the direction of the trend after the market settled back down. A take profit of 100 pips just before the support has me flat in the market once again.