Thursday, August 16, 2007

Bears rule

Good week for shorts! Trend continues to go down today, as reported on major financial sites, further carry trade liquidation going on full swing. Gbp/jpy hammered down to 223.82 and other yen crosses as well. Will continue to watch how far this carry trade unwinding goes. Havent been trading yen crosses after that last false breakout early this month. Aud/usd took a nose dive today, no retracement to trigger my order. As it tanked further.

Short order on Gbp/usd was triggered today for +30pip profit and overeasy gave a clear signal on eur/usd bagged me another 50pips. Halfway to next level.

Result: +82pips

No comments: