Friday, September 5, 2008

Going for the Long shot again

Long 3250 EUR/USD from 1.4319 at 8:44a.

Initial stop: 1.4277

This idea came about because the pair broke the day's high, clearly putting it above the open. It also broke the initial high that was put in on the NFP release. We know a snapback in the EUR has to happen sometime... when or from where is unknowable, but if this is it, I'm in the right position. So far it's been El Choppo.

Current closed equity: $93.49
Current position: Long 3250 EUR/USD
Current exposure: $13.65 or 14.6%

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