Japan /Nikkei /Yen
Sold Yen short against US Dollar and kept increasing short position on Yen as Nikkei rallied. Besides myself for having not taken a long position on the Nikkei at the 9900 level. I stupidly remained on the sidelines expecting a further drop to the 9700 level. This focus on the retracement fractal blinded me from meta signals rest of global markets were sending (Swiss Market Index, Euro Stoxx 50, Dax, Bovespa … all hit Global pivot and rallied.) I should have been taking my queue from iterated market bottom. I am consequently late to the Nikkei rally. As I accumulate position it is not without risk as a recoil would be double whammy. Placed tight stops at the 10100 level.
By Andrew Shawn – Recursive Investments in Global Financial Markets
Financial Markets | RefCapGroup | 
February 17, 2010 2:52 am
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