Thursday, November 6, 2008

Maybe this instead....

I've canceled the pending JPY orders in favor of going for a long in EUR/JPY. Yes... totally different direction, but I like the look of this idea better. We will see which was the dumb idea... or perhaps they are equally bad.

Pending order (1): Long 5196 EUR/JPY at 125.03
Pending order (2): Short 2598 EUR/JPY at 126.03
Initial stop: 124.03
Initial exposure: 100 pips, $51.96 or 15.00%

Current closed equity: $346.37
Current position: flat
Current exposure: 0

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