Tuesday, June 19, 2007

Sidelined again

Did not open any new trades. Still following progress on the beast. UK news out soon, see how it turns out. Spent most of the time reading and plotting next move. Saw potential trade in CAD/JPY currently trading 115.38 to 115.43 area, long term uptrend, this pair hikes up then flats out. Canada CPI came out lower but indicated a strong move up, i like news trade, actually ive been waiting for this moment doing additional reading and drew an action plan. As the market was digesting figures, *tick* power went out. Entire neighbourhood was down, kinda depressed, poured in alot of work and effort into planning. Turns out it spiked up, returned to current price then ended up at 116.02. Abt 50pips.

It's alright, i slept it off and got over it. Always another trade opportunity, thats what i keep telling myslef last 2 weeks. On with the journey!

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