Thursday, February 4, 2010

More losses roll in.

The USDollar has turned higher again, and that has put two of this week's trades out of their misery. The USD/CHF short is hanging by a thread, but I fully expect it to get wiped out too.
 
Long 407 EUR/USD at 1.3980 stopped out at 1.3847 for a loss of -$5.47 or -2.72%
Long 371 GBP/JPY at 145.06 stopped out at 143.59 for a loss of -$6.03 or -3.08%

The EUR/CAD short is doing very well, with over 140 pips of profit. I expect to be closing that one with a profit on Monday morning... but we shall see.

The USD/JPY trade has come within 2 pips of being stopped out, and was slightly profitable when I started this entry, but has now slipped back into negative territory. Anything can happen... especially with the Number of All Numbers coming out tomorrow morning. Stay tuned...

Current account equity: $193.86

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