Monday, March 8, 2010

Holding On

Well, this past week's results were underwhelming to say the least. We looked just fantastic in the early part of the week, with the trading campaign having finally ticked back into positive territory. The pairs all turned against the open trades midweek, handing us some disappointments. Still, there is nothing to do but follow the strategy.

We have a holdover short in GBP which was very nearly stopped out this morning. It has managed to hold on by some miracle. The longer it holds up, the greater the chances it becomes a profit... so I'm hoping we've seen a near-term high in GBP.

No other trades have triggered yet, so there isn't much to say.

Last week's standout EUR/CAD short was very nicely profitable, and two small gains were taken on the long side of Oz. The OneNightStand short in EUR/CAD failed to survive the Asian session, capping off a disappointing week with another disappointment. Still... we press on!

Current account equity: $150.66

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