moneyI had really good time. Almost 3 weeks of vacation, nice trip, new sites. Rented a car in Copenhagen and went to Norway. Decided to go way north, above the arctic circle, by then I was in Sweden. White nights were fun as always, but the bugs! Mosquitoes were unbearable so I hauled ass to Finland for three of days. I had been very far North before, but never for fun. It had been work related. Took a ferry from Helsinki to Tallin were I spent a day, same in Riga and Vilnus. Beautiful towns, somewhat touristy but not overly so. Met some interesting people, as one always does during travels.
Non more interesting than in Kolobrzeg, Poland. On Friday 27th, I decided to get rid of the remaining Norwegian and Swedish kroners, as well as Euros since I needed some local currency, the Zloty. It was late in a day, almost closing time for banks. I exchanged money and in front on a bank a guy accosted me and started to ask what kind of rates did i get. Turns out, right across the street there was a currency exchange place, he worked there and that's why he was interested. He claimed they have better rates than banks so perhaps in the future I could check them out. “Do you know what Forex is?” he asks me.”More less” I said. The guy gets into extensive production of how i should pay attention to what happens in Forex markets, that would help me to recognized which places have good exchange rates. Maybe I could even consider trading.
Seems like one can't get away from this stuff even on vacation.
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I decided to take the good man kind advice and start paying attention to what the markets are doing. So I went to hotel and turned the computer on. I hadn't looked at the charts for almost 2 weeks by then, but I vaguely knew Yen started to rally earlier this week. It's no secret that i had been bullish Yen, and for weeks I had been taking trades to the downside of JPY crosses. Before I left, I had established positions in all JPY pairs with a little longer outlook to see what happens. Positions were small enough to not to lose any sleep over them.
When I accessed my accounts, it was almost the end of trading week. When I saw what had happened over previous few days, I decided to close all positions.
Weeks of waiting and patience did finally pay off. Thanks to a kind stranger and his timely advice I managed to get out of my positions. The moves were large enough, that even my small positions turned out very good profit.
By the way, did you see what my assistant did during that week? She made over 1800 pips! Crazy!
Back to work. Good thing about going to Europe is that now the jet lag is not really a problem. Since I work mostly at night here, it's not much of a switch.
What's next? More of the same, i guess. Focus is on JPY pairs to the down side and CAD crosses both ways. They are still in a wide range. And, of course, start planning next vacation!
