May Week 3
Deals from May week 3
It has been a very tricky week and managed to be up just over 8k. I made a couple of mistakes and had a bit of luck that we all need to survive.
I have been short of stock s and indices all week but I have also been short of JPY which has the habit of getting stronger as the markets go down.
I feel like I am net neutral going into next week, still short indices and jpy but also long of Xtrata which finished the week like a few people think they are cheap
I squared up my Ralph Lauren wich behaved oddly and feels worryingly bid. It came out with what I thought was weak sentiment, it opened 3 bucks lower ended up in positive territory despite the market coming off heavily
My plan is now to short the markets and buy XTA, it isnt sexy but I do think it is oversold and is showing well on the relative strength play.
My currency trade it to buy CHF/JPY for the week I would like to buy AUD/JPY but the Ozzy looks dreadful.
282deals, an average of £58 per trade and a total p&l of £8,211
May Week 3 2010 (39Kb)
