moneyWhile I try to avoid this kind of discussions, I can’t help myself to not to mention the tragic story from Virginia. The mass killing, or rather execution, of so many people is absolutely disgusting! It really makes me want to puke.
How can people get themselves to the point of going on a rampage of these proportions? And from what I gather, most of the victims were unknown to the shooter. As we all know, this is not the first incident of this kind.
It is a very depressing state of affairs, when some lunatic can go off like that practically anywhere, in school, restaurant or shopping mall….
Most of my trading consisted of very short term scalping. I do that with small lots of money, so it doesn’t really amount to much. NZD-USD looked ready for a slide so I took a decent size trade in there.
Entry was good, but the market failed to hold under 0.7380, so I got out and took about 70 pips profit. We have a defined support now at about 0.7370 so we know where to place sell orders. NZD has been about the strongest currency around over last few weeks, making gains across the board.
Our website has been updated, here is the link
http://www.spectrumforex.com/weeklycomments/04222007.html
Vacation and this relatively slow week, combined for a slow stretch for me. I think that it’s going to get much busier for me over next few weeks.
Currently I’m looking at going short GBP-USD. After breaching the 2.0000 level, I expect to see some pullback here. As things look right now, 1.9975 seems to be a good level to sell.
If prices move that way and I see some acceleration, I will likely hold some for longer, like another 100 pips. It depends on price development on price charts of higher time magnitude, 4 H to be exact.
I’m also watching JPY complex, especially AUD-JPY, EUR-JPY and GBP-JPY, for signs of a break to downside. We had some success there last week and I’d like to step in heavily if similar situation repeats itself.
Weather is not conducive to doing anything worthwhile, so I think I’ll go out for dinner, come home and read a book. Real book for a change, Dostoyevsky’s “Idiot”.
Husar.
