- Getting screwed on my short USD/JPY (hedge). Charts are worrying so I have cut loss on the hedge at 91.75, effectively going more naked long USD vs EUR and GBP. Always annoying when you put on a hedge against core positions on the basis that the former's chart appears trapped in a range only to have it break out on you.
- Monthly : DownTL going all the way back to Jul07 being tested at 91.53.
- Weekly : DownTL from Apr09 penetrated.
- Daily : Fierce looking white candlestick cannot be ignored, notwithstanding that the position is meant to be a hedge. Time for action is now or else I will regret it if it goes much higher tomorrow. In any case, I think I got my hedge ratios wrong or something has changed. Always a bad sign if you have the right view and not make money.
- Addendum : 1:10 am 25Mar10 - Turned long USD/JPY @ 92.08.
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