Monday, October 27, 2008
G/U short
I'm a couple hours late but I took a 10k sized G/U short @ 1.5546, closed 1/2 @ +25 and the second half stopped out at breakeven. Not quite seeing the conviction that I had hoped for...will be waiting. Also took a tiny 1k short position against the USD/CAD earlier that was closed for some 20points. Not worth mentioning but it did add one more trade to the bunch.
G/U Follow up
My trendline was broken to the upside and an 80+ point run up occurred...backed off at 1.57 and 1.56 will now stand as support. If we can get a break of this, I'll look to see price come back down to the double bottom @ 1.5275. Otherwise, we may see the USD give back some in a retrace.
Watching, waiting :)
Watching, waiting :)
G/U
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