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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
November 26, 2007
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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
November 26, 2007
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Hi All,
I got back this morning. I spent a week in Hong Kong, my second holiday of the year and it was fantastic.
Great food, environment and everything was soooo cheap! Bought a pile of stuff including a trading book... Technical Analysis of the Currency Market by Boris Scholossberg for half price! It worked out to be £18 which was pretty good. The only reason why I bought it was because I am currently reading the excellent Adventures of a Currency Trader by Rob Booker (I took this with
November 24, 2007
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