June 17, 2008
76 pip profit in 5 hours, when recovery matters
Both positions, selling USDJPY and buying GBPUSD, closed in profit automatically, well before the release of UK and US data; making 36 and 40 pip profit respectively.
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I think that the recent profit has been made thanks to a fast recovery from earlier sharp loss. I see it as a positive improvement in my professional life. In a long game, which takes months and years, losses are unavoidable but should be very limited to let the recovery practicable.
ReplyDeleteI sell USDJPY betting on today data, but the reason behind earlier drop – which brings the profit much sooner - might lie in an article by the WSJ suggesting the Fed is likely to leave interest rate unchanged beyond June meeting.
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