My personal portfolio:
Comment of the Day

November 01 2011

Commentary by David Fuller

My personal portfolio:

Slightly in-the-money stop triggered on AUD/JPY long

David Fuller's view This was an escape, as I bought AUD/JPY (weekly & daily) too soon, in anticipation of Japanese intervention to weaken the yen. When it finally occurred yesterday, it pushed the position into profit, which I would have done better to take but instead placed a slightly in-the-money stop. Australia's rate cut this morning ensured that this was triggered. Consequently my December long position was stopped out at ¥81.400 against my opening purchase at ¥81.247 on 7th September. These prices include all spread-bet dealing costs.

My only remaining trade at the moment is a long position in December gold futures.

Back to top