The elephant in the room has just been turfed out and we’re all (hopefully) clinking glasses to being in profit.
Long term bulls like myself will be seeing this as just another part of the long term move, but what about those who jumped on the 100 gravy train?
You’re in profit and looking good but where do we go from here?
Are you feeling twitchy that you want to take profit in case the move retraces?
Do you feel confident enough to ride this out?
Have you missed out and are desperate to get in?
I knocked out a third of my position last night at 100.61 ahead of the Japanese data as I didn’t want the risk of waking up with it below 100, my stop hit and nothing to show for it.
As usual let us know your thoughts, and fears if you have them, on managing your trade from now on.