Friday, 7 May 2010

The final deal

God what an evening. Shall I repeat my manta?
Don't try and catch falling knives

Given that despite the euro being in horrendous trouble is actually gaining against the aussie it really looks to me as if the aussie is heading for a correction.
But rather than reverse my previous thinking with AUDEUR I have decided to go short long term on AUDUSD with a plan to just leave it

Sell AUDUSD Forward Sep @ 8730 (stop 9400)

My stop is at 9400 which is most of what remains of the tatters of my account!

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