Since Oz has wound itself into a tight little range, I can lower the risk in pips and raise the size for the same dollar risk. Of course, it is also easier to get stopped out, but life is a series of tradeoffs...
Pending order (1): Long 7,896 AUD/USD at 0.6599
Pending order (2): Short 3,948 AUD/USD at 0.6631
Initial Stop: 0.6567
Initial Exposure: 32 pips, $25.27 or 15.00%
Current closed equity: $168.48
Current position: flat
Current exposure: 0
Wednesday, December 10, 2008
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