26 July 2012

Re-established EUR/USD and S&P Shorts

  • No position = Neutral perspective (hopefully). Decided after calm deliberation overnight that I really want to stay short EUR/USD (and S&P500).
  • Re-established short EUR/USD at 1.2133 and ESU2 @ 1333, but only in half of the risk level squared yesterday. Balance later.
  • Cannot afford to be without a short position in EUR/USD which is trending strongly. Would be impossible to get back in once it runs away.
  • Addendum 26Jul12 8:10 pm : EUR/USD @ 1.2286 high on Draghi comments. "Almost" champion is simply not good enough. Guess it takes a lot of courage for a long term trend trader to be square. More than I have.

1 comment:

Taichiseal said...

Draghi pledges to do whatever needed to save EUR. EUR/USD at 1.2257 now. Sigh.