Article / 21 November 2012 at 11:56 GMT

UPDATE 2: FX Trend Snagger Model: 2012-11-21

Head of FX Strategy / Saxo Bank

Apologies for any confusion, but we thought we would do a full update due to the new JPY positions and because it was discovered that we failed to indicate that the stop on the short GBPUSD position needs to be moved a bit lower due to the previous run-up in the position's profit - counter to what we indicated previously.

Latest news - see attached PDF for full details:

-> Model goes long 1 unit each of EURJPY and GBPJPY
-> AUDUSD short will trigger on close below 1.0320 today - long needs higher close above range
-> EURUSD short position on the ropes again
-> Stop on short GBPUSD position adjusted lower…

 And latest snapshot of the account's actual open positions and stops:


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