Wednesday, December 17, 2008

Next idea...

The next idea is to short the USD against the JPY. If this hour's low gets taken out, it should mark a good place to get in. This hour's high marks a good place to get out if I'm wrong.

Pending order (1): Short 2,128 USD/JPY at 88.27
Initial stop: 88.92
Initial exposure: 65 pips, $15.60 or 15.04%

Current closed equity: $103.73
Current position: flat
Current exposure: 0

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