Monday, August 23, 2010

New trade update

The trade isn't so new any more, but I've yet to come up with a catchy name for it, so let's just keep calling it the 'new trade.'

As you can see, it's done pretty much nothing since the last time I mentioned it. But the pattern that has been forming continues to look tolerable, so I'll stay with it. Remember the trade is long dollar and nippy, while short CAD, AUD, NOK, gold and silver.

I have a knack for designing trades that keep at break-even for months and months at a time. I hope this isn't one of those.