So today and Friday I’ve spent pretty much on my haunches doing absolutely nothing. Friday was a game changing day in my book. EURUSD and GBPUSD pretty much took off early, headed north, bust their ATR’s and never looked back. The Yen pairs were spooked, manipulated or intervened (choose your own word) and so the markets were skewed. I’ve no doubt that some folks made a killing on Friday. I was not one of them. By my own admission I was left sitting in the station whilst the train hurtled away. C’est la vie, there’ll be other opportunities.
After a strange day like Friday it’s no surprise to see today was a bit dull. Once again I’m sure that some people will have done a grand job of trading these markets. I went swimming instead.
Actually I’ve spent a good part of Friday & today chatting with FXTrader Sandy about our longer-term trading strategies which are coming along nicely. My enforced absence gave me the time to re-consider how I do business and look at some longer term alternatives. They’ve been working well and I’m enjoying putting on more trades on a daily and weekly basis. We shall keep you posted on their progress.
In the meantime I’m taking tomorrow off as it’s my birthday. I love my work but I never trade on my birthday. What’s the point in getting up at 5am on your birthday? Not a great way to start your special day! I have a longer term position open in CHFJPY which I’ll take a glance at but other than that I won’t be looking at any charts tomorrow.
In the meantime I hope you all get to sneak in a few pips!