Trading Day 10/19/06

The morning seemed to start off quiet enough. Was successful with a CHF long that I exited when the price stalled ... thankfully, because the rest of the morning it spent stair stepping down.

Price action in the EUR led me to go long GBP thinking it would shadow the EUR. It did. A bit later price action in GBP led me to buy EUR thinking it would shadow the GBP. It did.

All in all, 3 profitable trades today for a total of 29 pips with no stress.

These trades were based on price action and shadowing the movement of one currency with another. Whether or not there are rules I can conclude from this will require more thought.