Friday, March 30, 2012

FXP Trade

I said I wanted FXP (China 25 UltraShort) at the 10-day moving average...

 This is close enough for me.

The recent pullback...

My timing may not be perfect here and there is substantial event risk on the release of Chinese Flash PMI Sunday, so I'm going to take on a small trading position in FXP using calls in the options Model Portfolio.

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