Yesterday the pair chopped around and I didn't feel comfortable moving the stop. USD/JPY has broken down overnight, taking out the 100 level again. It's still crazy with volatility since everyone is spooked that the BoJ may intervene, so I'm giving this one plenty of room. Locking in an additional 50 pips.
Current closed equity: $76.23 (Blasted negative carry!)
Current position: Short 1500 USD/JPY from 105.40
Current exposure: 200 pips locked in, +$30.00 or +39.35%
Wednesday, October 8, 2008
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