Wednesday, November 12, 2008

Just closed a few scaled USD/CAD longs out for losses...there is no movement on the majors right now and I'm not sure exactly what's going on.

account balance ending @ -1.7%

Review of this morning's trades...

...started at 2am pst shorting the gbp moves to new lows. Scaled in several times and was in the green but could not get out of the way fast enough when the retrace came. Closed all of the scaled trades for a loss of 1 percent. Secondly, I was scaled into the usd/cad on the break of 1.21. This provided my return of balance when the scaled longs were closed out for 40-60points each.

Account balance now remains much as it did yesterday at -1.3%