2011-07-28th (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
Short 50,000 EURUSD with ACB of 1.45223

In today's trading session US markets initially rallied but lost steam at the end.

Article - "Republicans put off vote on debt limit - Where are the votes? GOP puts off vote on debt bill as leaders fail to find needed support"
http://finance.yahoo.com/news/Republicans-put-off-vote-on-apf-3590202842.html;_ylt=AqmeIHOqKBXXHySB1xl6bQGxba9_;_ylu=X3oDMTFkYjcwamRvBHBvcwMxBHNlYwNuZXdzSHViQXJ0aWNsZUxpc3QEc2xrA3JlcHVibGljYW5zcA--?x=0

The one thing we know for certain is that there is uncertainly ahead, and it is the opportunity of a lifetime.

Article - "What Happens If Greece Defaults?"
http://www.cnbc.com/id/43425042?slide=1

Article - "What Happens If the US Is Downgraded?"
http://www.cnbc.com/id/43909706?slide=1

Article - "Moody’s Blues: Implications of a U.S. Downgrade"
http://www.alterforex.com/moodys-blues-implications-of-a-u-s-downgrade/

We did some day-trading today as follows;

Sell 150,000 EURUSD at 1.43596 (2011-07-28, 03:46 am EST)

Buy-To-Open 25 contracts Dow 30 Index at 12338.80 (2011-07-28, 13:48 pm EST)

Stop Sell-To-Close 25 contracts Dow 30 Index at 12340.00 (2011-07-28, 13:54 pm EST) for an insignificant profit.

Sell-To-Open 25 contracts Dow 30 Index at 12305.60 (2011-07-28, 14:11 pm EST)

Stop Buy-To-Close 25 contracts Dow 30 Index at 12303.00 (2011-07-28, 15:06 pm EST) for an insignificant profit.

Stop Buy-To-Close 200,000 EURUSD at 1.43318 (2011-07-28, 16:51 pm EST) for a small profit.

My Stop Orders for the Dow 30 Index trades were too tight and we missed out on profits.

My Stop Oders for EURUSD were reasonable but could be wider for currency positions.

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 at 77.512 (2011-07-29, 00:09 am EST)
USDCAD is currently at 0.9505971 (2011-07-29, 00:09 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 1% of June 1st and we are committed to trade ourselves back to our High Water Mark.

Stay Tuned,

Jeff
(2011-07-29, 00:09 am EST)