- Busy day with all of my 7 outstanding limit/stop orders filled. Usually have no more than 3 or 4 fills per week. Some stops to add new positions, some to lock in profits.
- Big shift in book. Core (QE2) 4x vs Hedge (short EUR) 1x now adjusted to 2 to 1. So naked QE2 bets reduced by half.
- EUR/GBP stopped out on new high (regret changing my mind on daily key reversal. Thats why I do not believe in taking signals from daily charts). However, needed to sell EUR to increase hedge so sold only the GBP/USD leg.
- Sold Bunds to lock in UST/Bunds spread. No more naked long TY now.
- Increased short USD/CAD and short USD/JPY.
- Also squared some AUD/USD, outright TY and Gold, locking in profits. So overall book size shrunk as well.
- Very good run. This time I mean to keep what I have.
- With today's adjustments, book P&L volatility and directional exposure should be much reduced.
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