Wednesday, August 15, 2007

Bears on the loose

Usd continued to push other pairs down early starting from asian and thru euro session, my short orders were not filled as it did not hit my entry point, adding another day of no trigger. Couldnt find any entry points today, bears were already underway hitting gbp/usd to 1.9935, aud/usd 0.8239, eur/usd 1.3466,looks like last week's strong support level is now broken. Things not looking good for the carry trade as risk aversions still continues.
A lot of news data expected to be released during early US session, i chose to stay out. Never liked trading during multiple news release. One is already enough to stress me out! Data came out mixed, pretty much nothing happened.

Spent the rest of the day playing magic online and reading.

Overeasy did not show valid signals and channel were most of the time narrow. I shall remain calm during these times. Better zero than lose money.

Result: +0pip

No comments: