Thursday, January 17, 2008

Thursday's Bernanke Dive

Well, as per my previous post, Bernanke maintains his negative signal status.

I'm happy to say I was trading the AUDJPY downwards today. I don't usually trade the downside, as I don't like the chance of being caught in a negative interest income position, but with Bernanke on the microphone, I just couldn't resist.

I also had some very well behaving trend lines on the 1hr and the 5min charts. With both charts suggesting a drop from top of trend to bottom of trend, and Bernanke speaking, I got in at the top and got out at the bottom as the day ended. A very nice day...

Profitability rating: ~10% NAV

If only I wasn't trading a nano account (when I'm profitable anyway)!

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