Friday 14 August 2009

Weekly Trading Update - 10-14 August 2009

Well it's been a arduous and preventative couple of weeks for me on the trading front. There was meet one change this hebdomad using my important 4 distance trading strategy. Admittedly it did alter in a diminutive profit, but it wasn't just an overwhelming profit.

The change in discourse was on the GBP/USD unify and took place yesterday afternoon. I was (and ease am) inactivity for this unify to near below 1.6425 on the daily chart in order to begin a newborn bearish trend, but the fact that it failed to do so, and actually touched up to create an upwardly EMA elector on the 4 distance chart, gave me certainty that I could bank maybe a whatever hundred points acquire in the short-term.

However after incoming a daylong function at 1.6565 the price touched up enough for me to bank my customary 50 saucer acquire (with half the position) but after moving the kibosh expiration up to break-even, the another half was after stopped out.

The galling thing is that there was also an upwardly EMA elector on the EUR/USD unify but it happened overnight when I couldn't actually change it.

If the markets continue to be this stilly I module have to start employing whatever of my short-term trading strategies again. Despite the fact that some of them are profitable, specially Bill Poulos' ones, I rattling poverty to refrain doing that if I mayhap crapper because I such tendency sitting back with my tube and slippers and watching the 4 distance charts tardily advise in my favour. It's farther inferior stressful.

(I don't rattling possess a tube as I'm only 31. It's meet an expression. However sadly I do possess a whatever comfortable pairs of slippers  )

Anyway have a enthusiastic weekend.

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