Thursday 23 October 2008

FX MoneyMap - 23 Oct, 2008 - Aussie






I am getting bored showing winning trades every day! Since August 5th, 2008, I have lost once in 48 trades. I am trying to find ways to keep myself amused. I have tried to represent today's trade pictorially with a segment of soundtrack from one of my favourite films.

The Traderhouse transcripts were very interesting yesterday: JH went long E/J in a reverse vanilla trade. He was extremely lucky. It can be very satisfying to get your points rapidly but reverse vanillas, long in a down trend are very hazardous. I usually trade off the bottom of the line cluster in an uptrend and vice versa. It is a lot less risky.

Regards
Morty Sill

No comments: