Friday, February 5, 2010

Swissie Gives Up the Ghost

It wasn't looking good for any short USDollar plays, so I fully expected this:

Short 494 USD/CHF at 1.0526 stopped out at 1.0636 for a loss of -$5.13 or -2.71%

With US equities in the tank all day, this next event isn't too surprising either, painful though it was.

Long 759 USD/JPY at 90.77 stopped out at 90.05 for a loss of -$6.09 or -3.3%

March lows here we come? I think so... In fact, I think we're staring into 1931 all over again, which means there will be a historic buying opportunity in a couple of years.

The EUR/CAD short is looking great... holding up with over 150 pips in profits... Nice!

OneNightStand trades have begun triggering:

Short 445 EUR/USD at 1.3667 with stoploss at 1.3767
Short 445 GBP/USD at 1.5715 with stoploss at 1.5815

With the big NFP report out in half an hour, anything can happen... too bad I'll be on my way to work when it comes out!

Current account equity: $189.41

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