The Fed announced another rate hike and anticipated further rate hikes to come. This caused most of the trades to close out. You will notice the arbitrary 2 mini contracts with the larger account is suffering, this is due to both the non refined money management and the inability to trade gold and silver. We got placed in to long the gbp/jpy and the usd/jpy. I stated the other day that I was surprised I got a short position on the gbp/jpy. This trade is more in line to what I expected. I am very pleased with the fact the better money management, smaller account is still up over 10% in 5 days. Not a bad return.
Blake Young
Random Acts of Forex
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