June 11, 2008 |
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I wrote Wednesday May 28 that I'd just concentrated some of my funds in a brand new long AUD/JPY position. That was taken at slightly above the 100 level, and on the following day minutes before the Q1 US GDP announcement I added to the initial position at around 101 (yet the size of the new bet was far less than what I put on the day before). The AUD/JPY, however, would begin to fall abruptly right after the US release - and I had to dump everything at about 100.50 for a modest
Filed under: Technical
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