Last night we got another signal in our trend following system of 10 major futures markets, this time to short the Euro. You may recall we wrote here about exiting a long Euro position for a small profit last week.
This brings our number of open futures positions back up to 6. We’re starting to witness some correlation as we often do with currencies once trends reach a point of recognition, as we already have short Yen and Sterling positions and only recently got a long Dollar signal which we detailed here in our weekly review.
Current open positions are:-
Long S&P 500 ($ES_F) 1/28 +$1,025.00 per contract
Long Dollar ($DX_F) 2/25 -$50.00 per contract
Short Japanese Yen ($6J_F) 11/21 +$17,825.00 per contract
Short Euro ($6E_F) 2/27 -$800.00 per contract
Short Sterling ($6B_F) 1/24 +$4,281.25 per contract
Short Gold ($GC_F) 2/19 +$1,560.00 per contract