Tuesday, October 7, 2008
Chop Chop Chop
The market has been very undecided this morning opening the day up about 150 points on the news that the Aussie's dropped their interest rates last night a full point. Since then it has dropped off and has been very wishy washy. I tried to do a trade in the USD/JPY early on a break and hold of the 120 m/a but was not filled. A good thing too because it has just chopped around ever since. The e-mini dow futures are still much too volatile to trade for me as my risk limits are violated. I will have to wait for calmer weather to get in there. I am still holding my position in (POT) and would dearly love to get rid of it on a test of 100 bucks. We will see what the rest of the day brings.
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