Tuesday, March 4, 2008

Great trade to start the week

Back from a relaxing but inpsiring trip to the Highlands. Shaking off the
frost with a swingin day on GBP/JPY. Market opened with a huge
downgap--would seem the Yen has regained its foothold on the currency
markets again. Ws expecting a retreat before strengthening. But you can
never predict that beasts will =)

Doesn't matter. It's irrelevant to my intraday methods now. I really feel
liberated by my current method. It seems regardess of the market
condition, it preforms reasonably well, with the exception of a stalled
trend that doesn't pullback enough for me to exit the countertrend signals
which inevitably form under these conditions. Lately all trends have been
very strong and direct, no half steps necessary allowing full extraction
of profits.


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