- Daily+Weekly charts looking positive, especially the former. (Equivalent of the negative USDX earlier today).
- Cut loss at 1.3482. Painful.
- [Also cut GBP/USD for a tiny loss].
- Completely naked Risk On now. Keeping things simple.
- [Also possible reversals seen in Corn+Soybeans. Reduced risk (taken profits) there too].
- Just can't seem to get the year going. Back to down again.
- This EUR hedge was a really bad idea to begin with. Worse than completely useless (4% Hedge P&L overwhelming 20% Risk On). Should have cut loss earlier although once in, technical cut loss signal only generated above 1.3433.
20 January 2011
EUR/USD : Cut Loss on Hedge
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Few hours later .. EUR/USD is 50 pips lower from where I cut loss .. and Risk On trades are lower as well .. sigh ..
This EURUSD is a surprise to me as well. Nevermind you can sell at higher level.
I had placed order to sell EURAUD at 1.3800.
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