Wednesday, March 10, 2010

Still Waiting...

...for a decent move in EUR. We've been chopping around for the past couple of weeks. I expect we'll see further downside, but so far nothing dramatic has happened. This has been pretty tough on the account equity, since the strategy really seeks to catch large trending moves, which are admittedly more rare than rangebound action.
 So we've lost the AUD/USD short, and we've triggered into the EUR/CAD short. USD/JPY is looking pretty strong, and we are unfortunately short... but that's how it goes. Otherwise, we're either at small profits or losses on the open positions. Still, there is much of the week to go...

Short 588 AUD/USD at 0.9062 stopped out at 0.9125 for a loss of -$3.73 or -2.39%


And the new position:
Short 436 EUR/CAD at 1.3923 with stoploss at 1.4094


Current account equity: $150.12

No comments:

Post a Comment