Monday, January 4, 2010

Locking in 103 pips

Oz is opening the week by charging higher in the London session. I'm up 235 pips! We are close to where the decline started back on December 14. There is very likely some supply up here, and if today's and Thursday's gains are given back, I will be out and very likely looking to get long the US$. I'll probably look to the Loonie for that... the cost of carry on short Aussie positions is not attractive.

Current open equity: $30.02
Current closed equity: $17.81
Current position: Long 522 AUD/USD at 0.88266
Current exposure: 0

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