Thursday

AUD = CAD

Post a Comment September 30, 2010 – 1:52 pm |   | Permalink |  Print This Post |

We took part in a small way in history making today - the Australian dollar is on par with the Canadian loonie. We fired a tiny short at 1.00. Not that we are bearish the AUD, quite the contrary. Only a short term play betting on a reversal in markets, commodities hence the “commodity currency”/AUD.

We also have an order to short the Dow at 11000 $10/point to neutralise our long Nikkei from earlier today. (Also, stops for long Nikkei at entry - which we will remove if our short Dow gets hit at 11000)

See you in the battlefield!