Inactivity...

I was in the midst of typing this entry some 10 hours earlier...but my itchy hands accidentally switched the power for the computer off.

But anyway...I forgot about it. This morning I decided to take profit from another one of my 130 pips positions, the last one anyway.

I did that because I have no way to tell if there's gonna be a further drop in the trend of it'll reverse like it did a few weeks back. The US figures don't look bad though...and the economy seems to have avoided a housing crash...too soon to tell...

Anyway, I opened another short position on G/U, just before I headed out from home. And it's 30+ pips in the red now. I'm not gonna make any move now, but I'll wait for further price changes. If it goes north another 100 pips or so, I'll double my current 1% margin usage and short it again using 2%. That will bring the average shorting price to 2/3 higher than the lowest one I am at now.

Of course, if things go the other way round...well...I'll need to learn or figure a way to handle that...esp when to take profit.

That means I need to learn the fibonacci...I'll put that down as one of my must-learns for now.