10 March 2010

GBP/USD : Taken Partial Profits @ 1.4877

  • Whilst still longer term bearish, have taken some profit today on 30% of position at 1.4877.
  • Will re-establish on rallies, for sure.
  • Much prefer cable short to EUR short. In the process of switching main book risk concentration that way. This is just a short term play.

2 comments:

Gonzo said...

Hi, what do you think about EUR/AUD? It seems like one straight line... all the way down...

Taichiseal said...

Yup. Missed that. Ran the short AUD/JPY position for too long. Should have been out earlier.