Wednesday, December 17, 2008

Scratched out

Now that the US Dollar is the big joke currency instead of the Yen, this old GBP/JPY carry trade just ain't what it used to be. Stopped out after having been up nearly 400 pips. One more in the long, frustrating series of whacks. Such is the nature of trading. The next idea will be forthcoming.

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

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