Wednesday, 24 June 2009

Stopped out GBP/USD @ 1.6554 23/06/09 08:40

Very disappointed in myself here. I really felt at approx 7:30am was a good time to reduce or even close as the market had not reacted the way I supposed it would
Having said that you can never be sure, but it did occur to me last night that there seemed to be a support level at approx 1.62 looking at the charts

Looks like I'm trying to short in a long market - a market at odds with our stock market, debt and general economic situation. Supply vs demand

P&L : -200

Currency is still my poorest asset class

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