2011-04-19th (Tues)

I believe the metals and commodities I am tracking rose today because the USD weakened today.

I am long-term bearish on the USD but in F/X there are always minor spikes so I am selecting my time-frame to trade, and most importantly against which other currency.

I am trying to decide between the two currency pairs;
AUDUSD currently at 1.05863 (2011-04-20, 02:10 am EST)
USDCAD currently at 0.95405  (2011-04-20, 02:10 am EST)

This is to capture the most sensitive political and economic topics of this month, Oil and the US economy, for the volatility and violent swings make it possible for me to make money and get out of losing positions if required.

I have not concluded on the direction of the Channel thus cannot decide to Long-The-Dips or Short-The-Spikes as primary strategy yet.

Currently I have the following positions;
Long 10 contracts Copper May 2011 with ACB of 422.23
Copper is currently trading at 427.38 (2011-04-20, 02:14 am EST)

Gold broke 1500 and has sustained for more than one-hour.
Buy-To-Open 5 contracts Gold April 2011 at 1501.75 (2011-04-20, 02:27 am EST)

Currently I have the following positions;
Long 10 contracts Copper May 2011 with ACB of 422.23
Long 5 contracts Gold April 2011 with ACB of 1501.75

Copper is currently trading at 428.28 (2011-04-20, 02:28 am EST)
Gold is currently trading at 1500.98 (2011-04-20, 02:28 am EST)

Stay Tuned,

Jeff
(2011-04-20, 02:30 am EST)