Wednesday, August 8, 2007

Carry trade back in play?

Is carry trade back in action? Yen crosses been bouncing within since monday, still no clear direction yet. Will continue to watch. Gby/jpy went up, i tool a long trade, waited for a break of down channel for an entry at 242.80, cable moved back up to 2.0370. Eur/usd and aud/usd made some nice moves as well.

Managed to close my short positions before the upmove. Overeasy did not give any clear signals, channels were in the opposite direction, juice most of the time red. Did not make any further trades.

Results: +52pips

No comments: