Tuesday, April 24, 2007

Selling cable

Sold some Jun '07 Cable (USD/GBP) at 1.9997 in £5/tick, putting a tight stop loss of about 20 ticks on it. Trying to catch a move here, think the just maybe with US stocks through all-time highs, but UK stocks lagging, maybe we can't price in too much of a differential in the respective economies and rates.
Was stopped out in a similar trade on USD/JPY recently, but only risking about £125 here.


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