Wednesday, March 3, 2010

Pain Begins Anew

We've lost two trades so far... the EUR and CHF. Again, not the least bit unusual, nor the least bit fun.

Long 1,244 USD/CHF at 1.08 stopped out at 1.0727 for a loss of  -$9.15 or -5.00%
Short 950 EUR/USD at 1.3544 stopped out at 1.3640 or a loss of  -$8.48 or -4.87%

The GBP and GBP/JPY shorts are holding up, but not nearly so well as they had been starting out. The GBP still looks incredibly weak, so there's still hope for both trades.

We've triggered into the AUD/USD on the long side. I'm not optimistic about that one, even with the EUR's stubborn refusal to get down and stay down. Still, my opinion doesn't matter one whit.

Long 424 AUD/USD at 0.9059 with stoploss at 0.8951

We do have one standout performer, and that would be the EUR/CAD short. The EUR is no help, but the Loonie has been on quite the little tear of late. This trade has been up as much as 220 pips, and is now sitting about +145. There's still time for anything to happen... especially with the mighty NFP coming out on Friday. Stay tuned!

Current account equity: $170.34

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