Tuesday, 15 October 2013

Trade updates

So my outstanding trades are as followed

Short GBP at 1.6190

Short EUR at 1.3595

Long US-DE 2 yr spread

As of today I've covered the Short GBP to mitigate too much USD risk. And while I'm bearish still, I think taking some off here is decent.

covering at about 1.5920 (horizontal fib level / triple bottom support) resulting in a trade profit of 270 pip profit.

The second trade can be seen here

Entering a "long" spread trade at -0.38 with it now trading at close to -0.25 is working very well, so is the EURUSD which is up about 100 pips currently. And looks like it could go much lower given the right circumstances from Washington

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