Friday, March 5, 2010

Going Nowhere by the Senic Route

So we've lost the USD/JPY trade... and as painful as it was, I consider myself fortunate to have avoided a giant dose of pain. I stopped out at 89.41... but the pair has blasted higher to 90.28 after this morning's much anticipated bogus government number. (Really, is there any other kind of government number?)
So:

Short 771 USD/JPY at 88.22 stopped out at 89.41 for a loss of -$10.28 or -6.22%

We've triggered into a OneNightStand trade... hopefully pressing our advantage in the EUR/CAD short.

Short 403 EUR/CAD at 1.3961 with stoploss at 1.4061

The other open trades are all sitting at various losses... some worse than others. The GBP/JPY short is about 40 points from being stopped out, even with a nearly 300 pip stop. Man, that is one volatile pair!

All in all, there's been plenty of action... but not much change in equity over the past couple of days.

Current account equity: $166.24

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