Short on dollar, long on equity index, flat on BUND


CURRENCIES

We are short on Euro / Dollar and on the 5 minutes chart it seems that a bull move in under way. We place our stop loss at 1.2220 just a few bucks on the price at which we were short and we wait for the fill. To be stopped at almost the breakeven price is not a so difficult endeavour. If we are lucky and prices plummet there is a wonderful room to make a fortune. On the economic point of view there are no surprises so the downward move can go ahead with no disturbances.

EQUITY INDEXES

Russell is up toghether with Italian SPMIB40. The relative strenght of the Italian, Swiss and overall German indexes is clear and we should ride those indexes that are starting now (like the Italian one) and be ready to close the trade, if long, on Dax and Swiss Indexes. Hopefully markets do not move always toghether so that we can exploit the late comers.

BONDS

We closed a wonderful trade on BUND with 4 contracts. We are ready to buy again the highest highs. Hereby joint the settlement report of our pilot account.

(articolo di Sandro Mancini)

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