- Sudden break in EUR/USD above daily DownTL at 1.3692 - the dreaded event I was prepared for.
- EUR/USD weekly and monthly charts still look negative BUT my core book P&L has seen a sudden sharp downwards spike which bothers me. Thus I have drastically reduced my market risk in the interest of self preservation and to protect whatever P I have left. Shoot first, ask questions later. Live to fight another day more important.
- Completely squared short S&P and Copper, halved short EUR/USD and short GBP/USD. Naked exposure to long USD is now only 2% EAR vs 20% earlier.
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