2011-07-21st (Thurs)

At the end of the previous trading session I had the following positions;
Long 300,000 USDJPY with ACB of 79.438
Long 300,000 USDCAD with ACB of 0.95915

The time is now 07/22nd (Fri) 12:43 pm.

Last night I suddenly felt the overwhelming effects of heat-stroke accumulated from running around the city this week, and immediately went to rest instead of risking it.

So was not able to write yesterday's report until now, sorry for the delay.

The sentiment in last night's 07/21st (Thurs) afterhours trading session and futures indicators going into today was anticipation of market reaction to the newest incarnation of the Greece Bailout package.

North American markets today 07/22nd (Fri) so far are not over-reacting perhaps due to desensitization or more concerned about its own Debt Ceiling problems.

We should expect markets to continue flip-flopping on each piece of news

Our Stakeholders agreed on Wed 20th to maintain our postions until August 2nd, although each day brings mixed roller-coaster emotions.

I remind myself running OPM (Other People's Money) requires more than usual Mental Capital especially since our Portfolio is fighting itself back up to its High Water Mark.

Currently I have the following positions;
Long 300,000 USDJPY with ACB of 79.438
Long 300,000 USDCAD with ACB of 0.95915

USDJPY is currently 78.458 (2011-07-22, 13:00 am EST)
USDCAD is currently 0.94896 (2011-07-22, 13:00 am EST)

Our first line of credit was activated on 2011-06-16th (Thurs) and our second line of credit was activated on 2011-06-29th (Wed).

Total equity is 5% of June 1st and we are committed to trade ourselves back to our High Water Mark.

Stay Tuned,

Jeff
(2011-07-22, 13:02 am EST)