01 March 2010

Eurodollar Calendar Spreads : Some Leg Work

  • Traded EDM0/Z0 poorly previously. Gave up on a perfectly good trade for reasons not directly related to deterioration of the trade itself and never made the effort to get back in subsequently. [Needed to free up capital and reduce risk and chose the wrong trade to unwind]. Missed a huge move due to lack of tenacity.
  • Move on to look at EDU0/M1 now. This time, promise myself not to lose focus.
  • Weekly chart looks toppy. Would be ideal if I can get short above +110; stop above +122. Now at +102.

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