28 June 2016

GEZ7 : Chart Update - So Far So Good

  • Pleased to report that position/risk sizing was spot on, thus enabling me to survive the pre-/post- Brexit huge range [98.90 - 99.27] day on 24Jun16 with long position intact.
  • Managed to take profit on half of position at 99.24, and re-established at 99.13. So, still long 100% deep in the money.
  • Triangle strategy is going well. Target 99.47, which is below current 3-mth Libor [0.6271 fix yesterday] ie triangle is seeing a Fed rate cut ahead ie much more drastic Brexit fallout to come.

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