Hi All,

As per my previous post, I was correct about the market moving downwards to Thursdays low.. in fact, it got beyond this low.. the markets aren’t looking so good!

Anyway, I stopped trading at about 7pm GMT time and then missed the huge move down. As you can see from the chart, 143200 was a base which I used and it bounced off this to hit the 50% Fibonacci level and then prompted to fall from here. It was a pretty smooth ride down using the 5 day EMA to gauge it.

I made a series of trades but as I retired early for the day, I ended up with a measly +8 prices. Darn, it’s frustrating when you miss these huge moves but a profit is a profit!

It’s been a whole week since I’ve taken a look at the charts and trading. I was a bit worried about getting back into it as it sometimes takes a wee while to resync myself with the market. I’m also a bit jet lagged and I feel that when I trade, I need to be mentally perfect.. I’m not quite feeling that right now but my girlfriend said that I must not slack so I’m back to it.

Anyway, after the initial push this morning, there seems to be a downward push.. I think we could see a significant low today.. possibly to last Thursday low and beyond! We’ll see! I am going to try and short on all pullbacks.

I’m not doing the 9-to-5 job today, I got back tomorrow so I’m concentrating my efforts on trading. So far, since 3PM GMT, I’ve made 5 trades and I’m up!! Phew!

Will post charts an stuff later on!!