Thursday, February 18, 2010

What a Difference a Day Makes

The USD experienced a rally yesterday, wiping out several of the open trades, and triggering a short in the GBP. It has been tough on the account equity this past few weeks. I never said it was easy.

Long 388 EUR/USD at 1.3687  stopped out at 1.3564 for a loss of -$4.78 or -2.68%


Short 546 USD/CHF at 1.0730  stopped out at 1.0818 for a loss of -$4.46 or -2.57%

Long 246 GBP/USD at 1.5747  stopped out at 1.5542 for a loss of -$4.14 or -2.45%


The Pound long was a holdover from last week, so when it stopped out, a new trade in the opposite direction was triggered.


Short 1040 GBP/USD at 1.5579 with stoploss at $1.5671


I hope the USD shows some more strength here, but I will definitely take the loss if that is what is to be.


Current account equity: $163.69           (Ouch!)

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