Thursday, July 26, 2007

No trade day

It was expected the dollar will rally some time soon, and it did. Even with weak numbers on yesterday's news didnt have much effect. Finally, the beast broke trendline drawn since 15th Feb(daily), its been down for 5 days. Good thing i decided not to take any long positions(tempted!), as for cable, im still bias towards LT bullish, and a retracement was due, it had a good run since last week.

I didnt get into any trades because of uncertainty, things were moving too fast for me. Decided that it is best to be on the sidelines.

Result: +0 pips

No comments: