Big Day for LazyTrading.com? October 18th

Hello Forex traders,

Well first off I got stopped out of my NZD/USD short trade. I was up a good amount at one point but wanted MORE. It offered good risk/reward so I don't have any real regrets on that trade. It was just giving back a small portion of the nice GBP/AUD divergence trade anyway so still up nicely on those 2 "side" trades.

As far as yesterdays LazyTrading.com trades we were 1-1 on the day. Both were medium size trades.

GBP/AUD was a 27 pip loser
GBP/YEN was a 49 pip WINNER

So overall if trading on the forex market you still ended up with a nice 20 pips or so. Add that to the 49 pips on Monday and we are having a nice week so far.

As far as today's trades historically the LazyTrading.com software offers 4 currency pairs that have performed well on Wednesdays.

USD/YEN
GBP/AUD
GBP/USD
GBP/YEN

We will see how things go with those pairs. Trades have been nice so far this week let us see if they continue to be.

The major CPI news is out for the day. Oil inventory comes out at 10.30am Eastern unless a big surprise shouldn't do much for the markets.

Check us out at www.LazyTrading.com

Have a great trading day
Steve Hoven
alleycatnews@alleycatnews.net

Yahoo Messenger ID bomsoftware