Monday, January 28, 2008

GBP/JPY

I have a confession. I got antsy and closed out my long GBP/JPY postion. 209.5 was about what I got out at. it may well prove to be a mistake, as I can't recall too many trades that I've made on fear that turned out great. but hey, my nippy sub-account on oanda now has a balance improved by over 20% since I placed those trades last week, and the account is up 57.6% since I opened the account on January 4 of this year, so I shouldn't complain too much, but it always sucks to see so much open profit evaporate like that. I just couldn't risk giving up all the profits of the trade so I got out. I just sold a little silver too. either there is something wrong with my head, or something wrong with the markets. we'll find out pretty soon.