07 January 2010

Open Trades : Update

  • +Corn : Lacking upside momentum. Slightly worrying. Need CH0 to close above 425 to be totally comfortable again. (1x)
  • -EUR/+USD : Bear flag targeting 1.36-ish. (5x)
  • -GBP/+USD : Same as EUR/USD. Close below 1.5705 = huge double top. But play the bear flag first. (5x)
  • -USD/+CAD : Planning to add to short near 1.0404. (2.5x)
  • -EDM0/+EDZ0 : Topping out. Near to upper side of range trade now. Low 60s = take back. (5x)
  • +US10YY : Bull flag to 4.14%. (1.5x)
  • Relative risk weightings : as indicated in brackets above.
  • Plan to add onto short EUR and GBP if new lows are made (ie break 1.4216 and 1.5830). Note MAs are about to/already crossover.

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