Several trades this morning:

  • Re-entered short EUR/USD on a selling opportunity — market ran up to the resistance level.
  • Added to short AUD/NZD after downside breakout held; added near resistance level.
  • Short Nikkei at the top of its trading range and long SPX close to support level. The theory here is that Japan is a basket case and the trading range will hold; the SPX has broken out and the backdrop is supportive of further gains. If both fall or rise, I will be stopped out of the losing leg and make money on the other. The danger is that either leg will hit the stops and then turn around — such that I lose money on both sides.
Advertisements