Friday, October 24, 2008

Holy mackerel!

I guess I should have left everything in EUR/USD alone! Well... I did what looked like the right thing at the time. Looking at how far everything has moved and how wild everything is right now, I've decided to go with a very simple idea. I won't be trying to stack any other trades into this one... at least not until volatility becomes more reasonable. I'm naturally using a very wide stop on this idea...

Short 779 EUR/JPY at the market (116.398)
Initial stop: 120.398
Initial exposure: 400 pips, $31.14 or 15.00%

Current closed equity: $207.61
Current position: Short 779 EUR/JPY at 116.398
Current exposure: 400 pips, $31.14 or 15.00%

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