2011-04-17th (Sun)

Last week I wrote I would be using Saturday and Sunday to research my Thesis to support or dispute myself.

It has been a frustrating 48-hours of research for I have found equal stories to play the Long or Short.  This does not delight me as I never want to place my plays without an edge, and to arrive at the conclusive that the market is now fair game with no edge I can leverage is not right for me.

So I am out of the market, as simple as that.  As soon as the competitive advantage disappears my money is off the table immediately.

I ended the last trading session with the following positions;
Short 150000 USDJPY with ACB of 83.227
Short 1700 contracts Nikkei 225 with ACB of 9553.34

Buy-To-Close 1700 contracts Nikkei 225 at 9551.30 (2011-04-17, 21:23 pm EST) for an insignificant gain.
Buy-To Close 150000 USDJPY at 82.945 (2011-04-17, 21:24 pm EST) for an insignificant gain.

I am now 100% in Cash and waiting for the next opportunity.

Stay Tuned,

Jeff
(2011-04-17, 23:19 pm EST)