This pair has made a marginal new low, but not enough to make me move the stop... I'll need it to get 400 pips in the green before I do that. It's been hovering around breakeven for some hours now while US equities refuse to give up the ghost. Sellers are probably somewhat tired. I can't imagine that the S&P is holding up because there's a great deal of buying at these levels. No matter... the longer this trade persists without getting stopped out, the more likely that it is the right idea. Bad ideas tend to get revealed as such very quickly... especially these days! (Unless, of course, you are a central banker, politician, or other economic moron.)
Current closed equity: $207.40 (negative carry when short this pair!)
Current position: Short 779 EUR/JPY at 116.398
Current exposure: 400 pips, $31.14 or 15.00%
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment