September Eurodollars continued the downward trajectory today. This, I’m sure, has been an enjoyable trade for many of you.
It’s one thing to accept profits but sometimes the market just accelerates in our direction leaving us stunned…even inspired. This has been one of those trades, a trade I had “guessed” could take a few months- then just a week and a half after the short sale entry accumulated profits are at a kind 100% cash-on-cash return…
…remember to adjust stops down as we move in to the support area made in late Dec. of 2009. Getting stopped out at this stage isn’t all bad when you consider that a bounce back to recent highs could be a clean setup for another round of shorts. Just food for thought.
Watch the tools and support/resistance levels. And, congratulations on a great trade friends!
Blessings to you, Scott
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