Tuesday 3 May 2011

Forex Trading Prudence ....

Hi,

I'm not going to be trading for the rest of the week ... tomorrow is ADP Non-Farm Employment Change (USD), and ISM Non-Manufacturing PMI (USD) ... Thursday is just plain horrible!!!!! ... 15 Red flags, 7 orange, 2 yellow and 1 white
... and Friday is the official "Non-Farm Payroll" stats from the US ...

... prudence is telling me to stay out ...

... and as much as I am NOT good at being prudent ... this time I'm gonna listen!

A quick update though on last nights trades:


Current position from tonight
Curr. PairDirectionEntryStopTargetP&LComment
GBPUSDLong1.67411.66291.6853-Didn't trigger
NZDUSDLong0.81230.80250.8221-Didn't trigger
AUDJPYLong89.3388.6889.98-Didn't trigger
USDJPYShort80.9381.7280.14-7 Pips-
USDSGDShort1.22011.22491.2153-Didn't trigger

So ... Have a wonderful weekend ... and I'll be back on Monday :)

Tatty Bye!

Nick

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