Tuesday, May 02, 2006

Mid day update, stopped out on the Usd/Jpy

I didn't get a chance to post an update yesterday, but I did adjust my stops and got stopped out of the Usd/Jpy, which then continued its run. Here are the current positions as of about 12:15 est.

Someone asked him how I exit my trades, most of the trades I exit on the stop losses you see in the current positions graphic. If you want to see where I get stopped out, double click the image below and see where my stops are positioned. Every day I tighten these based on my assessment of the current situation, allowing my profits to run.

I will get another posting up in about 4-5 hours.