Thursday, October 16, 2008

Or maybe not...

After the Philly Fed release, the pair seems to want to go back down. If that is to be the case, I'm positioned to go for lower levels after penetration of today's low.

Pending order (3): Short 3620 EUR/JPY at 133.48
Pending order (4): Long 1810 EUR/JPY at 132.48
Initial stop: 134.48
Initial exposure: 100 pips, $36.20 or 15.00%


Current closed equity: $241.40
Current position: flat
Current exposure: 0

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