Wednesday, July 13, 2005

Reverse Blitzkrieg Bop... Eur/Gpb Dumps Meanly and With No Remorse...


Curious has put on his protective garb that protects against danger of all kinds... physical, psychological, and financial... So this is what happened... There was no retracement yet after the trade deficit number... and if there was going to be one, it would've been the euro, since the pound has not been retracing as much since the terroristas event... so I went long eur/usd and shorted gbp/usd as hedge... and then all hellfire breaks lose in my deadface... the pound roars up and the euro actually starts going down... so I'm getting double whammied and FAST... then finally I take the pound leg off and the euro rebounds a little, covering a mere 20% of the pound loss it should've covered 60%... Turns out... there was large players selling the Royal Cross: Eur/Gbp the bastards stayed late in their offices and played Western Europe to a tee, and selling euros and buying pounds because of the wide interest rate differential and because Prince William is so handsome... I should've kept that in mind... holy shit, you're reading the words of a dead man...

4 Comments:

At 10:50 PM, Blogger Mr. MFEMFEM said...

Should have gone to Upticks...nailed all three earnings calls tonight. AAPL, PPDI, and MDC.

 
At 12:10 AM, Anonymous Anonymous said...

I thought the euro and the pound were tied. lern sumthin new.

 
At 11:23 AM, Blogger Mr. MFEMFEM said...

PPDI +$9 AAPL +$3 MDC +$2.60

Did you say you were hiring traders??

 
At 1:15 PM, Anonymous Anonymous said...

Not helping matters, Morgan Stanley raised their dollar forecast. Nothing like an anal-ist to fuck up a good trade.

 

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