Wednesday, August 31, 2005

Mid-week Update

Related entries: Progress Check

Dollar slumped this afternoon after an unexpectedly weak Chicago PMI report. Seized this opportunity to reassess and close out some positions. Second trade (chf) was a misjudgement - should have got out on Monday or even earlier (much earlier). It has been a real roller coaster ride after misread the signal and didn’t quite follow the swing index strategy. Managed to put it right finally…..

eur/gbp
24/8 2106 short 0.6812
29/8 2214 exit 0.6806 (+6)

usd/chf
16/8 2141 short 1.2552
31/8 1815 exit 1.2545 (+7)

gbp/usd
29/8 2235 long 1.7957
31/8 1815 exit 1.8041 (+84)

Net gain this week +97

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