Thursday, April 19, 2007

Took profits on the Eurodollar long

Sold Dec '07 Eurodollar at 95.03 today in £200/bp. Profit was just under £2,000. Not bad, quite pleased with this trade, and plan to get in and out of it. Am sure we'll continue to cycle this year through periods where the consensus view is that the FED won't cut rates, then will, then won't etc etc. I plan to play this from the long side only, every time it sells off decently.

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