Thursday, April 18, 2013

Trade 1453 - Shorting the Euro

Made this trade based on the euro market opening range breakdown.  Sp500 futures were down 8 points and other USD pairs were down 50bps but eurusd was only down 10bps.  

I initially tried to short the mid point of the bottom range around 1.3174, but sold the breakdown at 1.3155 at market.

I've never traded the euro on interactivebrokers as I usually traded only from CFDs.  I've now got a decent exposure to a correction if the market continues to get hammered.