- Carried forward Risk Off positions from 2011 subjected to squeeze first few sessions of the year. Apart from cable and corn, the trades on board look all right still. Fortunately, position sizing was correct and I was not squeezed out. Early flush-out is good. Yet to do a trade in 2012 but P&L has already swung wildly.
- My 2 favorite trading charts re-presented for 1st blog post of 2012 - EUR/USD and Copper.
- EUR/USD : By far the biggest position here (short), this is an ongoing SHS top in action. For now, lets shoot for Jun10 low of 1.1875. Signs are good.
- Copper : Trading within triangle. Sell break of 333. Square within.
- [Corn and cable are bad positions held in tiny quantum; averaging is an option which I might well consider].
2 comments:
Added to EUR/USD short at 1.2808
Paid 1.2717
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