Tuesday, 22 January 2008

Well for the record (and those of you attending the seminar on 9th February will see) there were 3 trades today on one system, all winners. I didn't trade any of them due to "unusual" market conditions and CMC playing silly buggers. All 3 were buy signals in each of the 3 pairs I monitor - GBPUSD, EURJPY and GBPJPY. The braver traders amongst you (after finding out how on 9th Feb) would have traded them and won 80 pips.

On my other system, the net result would have been a 20 pip loss, but all prices were VERY difficult to get, so it would have been a snakes honeymoon trying to grab a trade. At least by leaving these trades today, I didn't incur a loss!!

Hopefully we'll get some semblance of normality tomorrow. With the threat of concerted central bank intervention and a much anticipated co-ordinated rate cut, the rumour mill turns trading into gambling. Personally, I don't favour those kind of odds.

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