Wednesday, November 5, 2008

Stack knocked down

Around 9 pm yesterday evening, the Aussie retraced some of its admittedly huge rally and hit the first price where I flatten 1/2 the position. The second point was nearly hit as well, but the pair has since recovered so I'm holding on. If I see some more bullish price action, I may attempt to press this trade again.

Current open equity: $354.16
Starting equity: $302.87
Current position: Long 2271 AUD/USD at 0.6876 (avg.)
Current exposure: Locked in $22.71 or 7.50% of starting equity

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