Wednesday, October 29, 2008

FX Trades 10/28 - Close All Losing Positions

Closed all positions.

Reasons:
  1. Charts are telling me that market's likely to continue to rally today, ie. USD's not going to continue to be perceived as the only safe haven.
  2. FOMC - Too much talk about the very high chance that they will reduce interest rate. That's too much risk I'm going to have to take, although I've already cut some losses earlier in the day. I want the bulk of my money intact.

I can't bear to talk about my loss in absolute dollar amount NOW (not that it's huge - D expected me to lose everything in the micro account...er...in days... I suppose - I JUST DON'T LIKE LOSING!!!).

When I open a new position, my balance will be posted.

Getting myself ready for US market open.

NQ Time!

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