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5th August
2010
written by spread bettor

Update: One lesson learned – not to trade when you are tired and not focused. I bought the opinion on oil because I thought the Change in EIA Oil Inventories is going to be published. But this one was yesterday… today there was the Natural Gas… stupid mistake!

1) Weekly USD/JPY 20/08 8800 call. Opened price: 20.5 why? because I do believe it is near bottom and 20/8 gives some time to recover.

2) Daily oil 8060 put opened price: 5.9 why? Change in EIA Natural Gas Inventories will be announced in 40 minutes. The black gold tends to react strongly in the 30 minutes after.

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