28 November 2011

EUR/USD : Squeezed Out, Back In

  • Probably over-enthusiastic on the short trade last week and built up slightly too much risk. Trailing stop taken out at 1.3375 earlier. Overall still a profit locked in.
  • Weekly SHS top still in play. Re-sold 2/3 at 1.3394. 
  • Will sell further rallies and sell the (Big Kahuna) break of the neckline at around 1.3200 this week. 
  • [Re-sold Mar Corn at 602.50 as well, half of earlier size]

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