Thursday, September 08, 2005
Wednesday and Thursday
last 2 days - one minute day today
yesterday was kinda crap wasnt it - very erratic.
most of the day today ive traded swissy taking 32 pips this morning and a few 1 min scalps later - those listed above are the cable trades as usual.
been a very erratic day - we are at a turning point on the weekly chart and hilda suggests that we may be in for some downside for the next few weeks. I hate to predict these things as invariably it will now skyrocket, but hilda long term says we are having some downside to cable.
if theres one thing to stop that though its the after effects of Katrina so time will tell, however i am of the belief that the fundamentals only act when the technicals allow - fundies can push the market so far but as most people and institutions out there are trading technicals sense soon comes out of the mayhem - todays drop after hours might be the first sign.
Hope you had a good day today and that you managed to bank some pips