Monday, September 26, 2011

All positions closed

I closed all long positions AUD at .979 and Euro at 1.34851, as the price stayed within range, as expected from the morning session as we will remain range bound until specific details about how the euro crisis will be managed can be revealed.

However, today's plan was made very difficult by the fact that the market tried to initially push through the support levels, whipsawing my longs into shorts then finally into longs. I was unable to capitalise any great amount before the US open, but I am no flat going into the US trading session and will continue to monitor the price action and act accordingly.