Monday, November 3, 2008

Shifting gears

The Oz seems to be weak today, and I don't want to sit around waiting for it to get up and go someplace. GBP looks weak too, so I'm going to go for a short there if the day's low is taken out.

Pending order (1): Short 3576 GBP/USD at 1.6162
Pending order (2): Long 1788 GBP/USD at 1.6062

Initial stop: 1.6262
Initial exposure: 100 pips, $35.76 or 15.00%

Current closed equity: $238.44
Current position: flat
Current exposure: 0

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