20 October, 2011

corrective steps yield results

Inorder to recoup the morning stops losses, we have squared all the subsequent postions (one $/INR and two JPY/INR).

morning stop losses resulted in loss of : Rs.43 (-)

subsequent actions :
(1)short $/INR nov @ 50.05 squared at 49.8625 gain: Rs.18.75 (+)
(2)Short jpy/inr nov, dec @ 65.1050 and 65.23 squared at 64.84  & 65.1375 net gain: Rs. 357.50
Dec JPYINR has a huge bid-offer spread 64.9250-65.13

In coming days extreme volatility is expected.

Corrective steps after initial stop-losses have been right in re-assuming the balance.
Posted by Fuzzy Logix at 3:41 AM

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