On Cue in 3… 2…. 1….
We live in rumor driven markets; basically the range today
in EURJPY got put in with a few 15M candlesticks on the downside [Euro fail]. Then
almost immediately, after the dip, comes the rip on a news article Germany may
allow some kind of Eurobond [Euro save]. Well, Germany was quick to squelch that
one.
Of course, when you are trading live, you don’t always get
news events in real time. Many times it takes minutes if not hours to find out
what the moves are about if they are sharp. We sold the ramp up after the big
dip; spent some time in the trade, and when it got profitable I wasn’t going to
let it come back and become unprofitable.
So, we made a few pips today – nothing major – and the
market hangs in the same general area from the break. Ramp down; ramp up; then
even out into chop. So what else is new?
Ending NAV: 0.9040
No twitter today as I was having a problem with “Tweet Deck”.
It’s fixed now.
Have a good day everyone.
-vegas
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