Thursday, December 11, 2008

Next idea...

Trying for long Oz again.

Pending order (1): Long 3,408 AUD/USD at 0.6641
Pending order (2): Short 1,704 AUD/USD at 0.6704
Initial stop: 0.6578
Initial exposure: 63 pips, $21.47 or 15.00%

Incidentally, the current equity level represents a 70% drawdown from the highest point I've seen in this account ($467). That's the price of going for really big returns, and it may not be over yet. How long until a new equity high is anybody's guess. On the bright side, I'm still up 28.68% in the account since inception, and up 679.74% from the all time lows at $18.36.

Current closed equity: $143.16
Current position: flat
Current exposure: 0

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