Tuesday, 13 September 2011

Bored

Well if, as they say, good trading should be boring, then call me Jesse Livermore 'coz I am bored out of my mind!





Nothing done all week due to lack of H1 confirmation, which is good because most of my set-ups have been duds. Long au 102.90 was good for a few pips, but the short gbpud and long audjpy were shockers. After Monday's big moves, we seem to have spent the last couple of days consolidating in choppy trade.

Almost bought eurcad last night, but thankfully resisted. It ran 50 pips into the money then tanked, so I am happy I passed on a  less than ideal set-up.

Today, we may have taken out some bottom pickers. I notice an Aussie deep crab at at monthy 3SMA low and daily ATR 101.80, but I will need to see price break the 1.0380  before I can look to buy pullbacks. Gonna be a looong night.