moneyHere I am thinking more and more about vacation, when, on Tuesday,the airline calls me. Evidently, they overbooked my flight on the 14th and are looking for volunteers to reschedule. They offered some incentives, upgrade from business class to first, both ways, some vouchers for future travel, and, really good one, return ticket converted to open-ended one. It turned out I can still get on the flight next day, the 15th. What the hell, only one day delay and quite sweet deal. So I excepted. This never happened to me before, I usually get short-ended by airlines. That means, I’ll be able to post something on these pages next week, before I leave, if there is anything worthwhile to post.
As we all know, we had a holiday week, with the 4th right smack in the middle of it. That had an effect on trading, with choppy moves most of the week. Now, Monday was the notable exception, with very nice, directional moves.
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That’s a good thing Monday was very profitable, because the rest of the week was uneventful, with a string of marginal gains and losses. There was one however, that stood out, a trade in CAD/JPY, where my so called “bias” took on the chin, to tune of 230 pips.
True to form, I’ll likely do it again, as I think 118 will prove to be a solid resistance, for a while (1-2 weeks) at least. This time the risks would be far smaller and more defined. While it seems rather large loss, in reality it wasn’t as there had been much more made on Monday in a series of winning trades.
Despite the shellacking I took on CAD/JPY week came to an end in a comfortably positive territory. Comes Sunday and Monday, new trades will be placed and we’ll see how they turn out. O.K, enough of this Forex crap.
Well, I’ll go now to spend some quality time outside, stroll on a beach, dinner on the waterfront…
Husar
