Saturday, July 28, 2007

Carry Trade Liquidation?

Almost every financial site talking abt carry trade liquidation and risk aversion. Ever since the dollar rallied days ago, everything else took a deep plunge. Gbp/Jpy now trading at 240-241ish, even i have anticipated this, i didnt react to this opportunity. Just felt high volatility and price spikes are just too "hot" for me to handle, i chose another pair to farm, took several 20pip profit and that is all.

Shut off my PC, went out to watch few games of 40k and a drink. Relax during the weekend, come back on Monday and see how it turns out. Money comes easily and frequently, there are trade opportunities everyday...keep telling this to myself everyday.

Result: +85pip