getting ready to get back into the bank flow room. For those that were with us and maybe followed my usd long building positions all fall I am now locking in profit on eur. Before I stopped the room I gave the levels that would make me reevaluate my holdings, it was a weekly close above 151 for the eur, so as long as that didnt happen I would continue to add short eur and buy usd against others. This point just want to being to protect a substantial amount of profit on trades and see if we get any pullbacks. Looks like we could have a great trading market this year so will do our best to profit from it. Talk soon.

This entry was posted on Friday, January 29th, 2010 at 12:01 pm and is filed under Bank Flow. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.