Our existing 3 short positions were closed early in the session locking in a moderate profit. We are now completely square in the US and anticpate a counter trend rally to unfold over the coming weeks, possibly into year end. More on that is discussed in the secure area.¬† As the account is now square I have decided to lock in the currency profits generated by losses in the A$ whilst we’ve been making profits in US$. As such tonights statement balance may change once the transaction is completed later today, but in simple terms the account is now +12.8% in profit in 7-weeks. You can download a list of those specific trades at the bottom of this post.
Trades executed last night:
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Account status (before fx conversion):
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You can download a complete summary of trades completed for this account here:
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Tue, Nov 25, 2008
US Commentary