2012-06-25

Portfolio Update: Closed Long EUR.USD Position

I woke up this morning and didn't feel right about my EURUSD long position. I was worried about an imminent drop in the EUR, and the fall of all risk assets. So I closed my long EUR position at the early morning price (Singapore time) around 1.2530 with a small profit (most profits wiped out as the EURUSD had jumped to as high as 1.27...).

It looks like my gut feeling were right as the EURUSD is now trading at 1.2470. If only I had had this feeling when we were trading at 1.27! :-)

More updates later, I've been quite busy these days, so didn't had a chance to post updates.

3 comments:

Pms said...

Hello Pej - thanks for the update - appreciate it ! Peter

pej said...

No worries peter. Sorry I didn't post it sooner!
By the way, would be good to find out if anyone is making actual trades based on mine. Would motivate me to try to publish them in real time...

Anonymous said...

The answer is a happy yes :-) for timing and direction - you have historically some very good hits on major abd minor reversals - thanks and appreciate your updates - peter