We've triggered into that Cable short, which was the only FirstStrike trade yet to trigger.
Short 393 GBP/USD at 1.5340 with stoploss at 1.5527
For a nice change, every open trade is sitting profitable. The GBP/JPY short is still the runaway performer with 420 pips in the green! That's more like it...
I still watch with interest the apparent breakdown of the longstanding JPY - S&P 500 correlation. US equities were up pretty big yesterday, and so was the Yen. Maybe that old carry trade is truly broken.
Also interesting is the Euro long against the Loonie. The Loonie is falling more rapidly against the Greenback than is the Euro, so that trade is holding up and even has a few pips of profit. I hope that condition will persist through the weekend... because being long the Euro right now is a scary proposition. Then again... the best trades are usually the hardest to bear psychologically.
Current account equity: $182.21
Thursday, February 25, 2010
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