Well, we had our Xmas lunch today and I was hoping to get home in time to trade from 6pm but that didn’t happen.. I ended up out until 9pm GMT or so. It was a wasted trading day.

Looking back at the charts, I could only see some support off 150600 and it bounced around today. Not all that exciting…

 I purchased Rob Booker’s Adventures of a Currency Trader a couple of weeks ago from Amazon. The book tells the story of our hero, Harry Banes on his quest to become a successful Currency trader. We follow Harry from his first adventures thinking that it’s an easy endeavour and losing all (well, most) of his money to him, becoming successful and making money consistently.

The book is a work of fiction and attempts to draw parallels between the reader (if they have dabbled in the markets and been unsuccessful) and Harry. The path to becoming a successful trader takes time, there is a learning process involved and you will lose money initially. We follow Harry through these steps and you get an idea of where you are.

There is a happy ending and Harry makes it… it doesn’t take him long but in reality, the steps can take years to master. The book is a easy and fun read and I recommend it to all those who have some aspirations to becoming a successful trader.

I was out for a company function today and didn’t get a chance to trade. I looked back at the charts and there would have been a good entry at 149775 or so as it broke above the previous intraday high. The stochastics also crossed which would have confirmed the entry.

I probably would have taken the price action to below 150500 or so which would have been some nice profit.

Well, I say that but I wasn’t around today!!!

 Anyway, here’s the chart