We’d made it clear after we got exit signals for our 3 other currency positions last week that Sterling had just survived but a close below the 1.5380-60 level would be enough to see us exit, and we got that earlier today. We exited at this evening’s open for a loss of $1,712.50 per contract.
Long Sterling ($6B_F) 6/7 -$1,712.50 per contract
It held on for a few more days, but a fourth journey to that support area was too much and it sliced through there today. It also finished near the lows of the session, something it hasn’t done for a while which may be a sign we weren’t alone in using this as our invalidation of our position.
It’s possible with these extended moves in currencies we could now be on the verge of getting some signals following that momentum, but for now we go into Thursday SHORT S&P, NASDAQ, 30yr, 10yr, and Gold.
Our remaining positions are as follows:-
Short S&P 500 ($ES_F) 6/21 -$612.50 per contract
Short NASDAQ ($NQ_F) 6/21 -$105.00 per contract
Short 30yr ($ZB_F) 5/13 +$8,656.25 per contract
Short 10yr ($ZN_F) 5/13 +$4,734.375 per contract
Short Gold ($GC_F) 4/5 +$32,140.00 per contract