Trade Updates

Ahead of what is anticipated to be a fairly light trading day, let's reflect on a most profitable couple of trading days:

Long SPX @ 880; actioned Wednesday 19th August 0844
We find ourselves once again in a great position thanks to sound technical analysis. Here at the flatbook, we have taken some profits of the table but will leave 1/4 of our original trade size in play (with stop at break even) so as to take advantage of any further potential upside. 1017 is not beyond the realms of possibility over the next few trading days.


Long GBP/USD @ 1.390; actioned Wednesday 19th August 0942
We have taken this position off in its entirety @ 1.6550. Though aware of resistance on our h1 charts at 1.6600 we were optimistic that cable could push through this level and doing so missed out on further 50 points. Still, we keep the p&l ticking over. Moral of the story: always respect your TA!


Short US Crude Oct '09 @ 72.77; actioned Wednesday 19th August 1542
Stopped out of this one for break even. It was very much in profit at one point. We didn't take the position off however as our technical analysis indicated a prolonged movement to the downside could ensue over the next few trading days. Such is life, eh?

Happy trading all!