- Good run (almost 7 big figures) in long USD/CAD trade. Have just locked in most of the position at 1.0570. As per Soybean and UST 10 year Notes, only left with a token CAD position now.
- Whilst I fully expect the Risk Off trends to continue, this is now about rotation between leaders and laggards.
- Copper and USD/CAD charts have clearly run ahead. In fact, these weekly charts have taken on a parabolic nature, and I hate staying involved in such trades.
- Focusing my risk in short AUD/USD and short SP500, where fresh technical breakouts have occurred.
- At some point, I will be looking to run long Copper and CAD against the other Risk Off stuff.
2 comments:
Balance of long USD/CAD out at almost the absolute high of the day! Sold at 1.0632. All SQ now.
Well done!
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